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Operating Lease
6 Months Ended
Jun. 30, 2025
Operating Lease [Abstract]  
Operating lease
6.Operating lease

 

The Group has several lease agreements whereby the Group agreed to lease offices in the PRC. The Group measured and recorded right-of-use asset and corresponding operating lease liability at the lease commencement date.

 

The Group has made operating lease payments in the amount of nil and RMB251 for the six months ended June 30, 2024 and 2025, respectively. Rental expenses charged to operations, which differs from rent paid due to rent credits and to increasing amounts of base rent, is calculated by allocating total rental payments on a straight-line basis over the term of the lease. For the six months ended June 30, 2024 and 2025, the Group incurred operating lease expenses amounted to nil and RMB311, respectively.

 

The following table summarizes the classification of right-of-use assets and lease liabilities in the Group’s consolidated balance sheets:

 

   As of
December 31,
   As of
June 30,
 
   2024   2025 
   RMB   RMB 
       (Unaudited) 
Cost   2,813    2,813 
Accumulated amortization   (217)   (478)
Right of use assets, net   2,596    2,335 

Lease liabilities consist of the following:

 

   As of
December 31,
   As of
June 30,
 
   2024   2025 
   RMB   RMB 
       (Unaudited) 
Current        
Lease liabilities   457    482 
Non-current          
Lease liabilities   2,226    2,000 
Total lease liabilities   2,683    2,482 

 

   For the six months ended
June 30,
 
   2024   2025 
   RMB   RMB 
   (Unaudited) 
Weighted discount rate for the operating lease   
-
    3.85%
Weighted average remaining lease term   
-
    4.0 

 

The following is a schedule of future minimum payments under the Group’s operating leases as of June 30, 2025:

 

   Amount 
For the six months ended June 30, 2025  RMB 
Remainder of 2025   301 
2026   588 
2027   682 
2028   722 
2029   395 
Total lease payments   2,688 
Less: imputed interest   (206)
Total lease liabilities, net of interest   2,482