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Concentration of Credit Risk
 12 Months Ended
Dec. 31, 2025
Concentration of Credit Risk [Abstract]  
Concentration of credit risk
15.Concentration of credit risk

 

Assets that potentially subject the Group to a significant concentration of credit risk primarily consist of cash, accounts receivable and other current assets. The maximum exposure of such assets to credit risk is their carrying amounts as at the balance sheet dates. As of December 31, 2024 and 2025, the aggregate amount of cash of RMB4,150 and RMB23,473 respectively, was held at major financial institutions in mainland PRC, of these the restricted funds amount to RMB218 was held at major financial institutions in mainland PRC, where there RMB500 deposit insurance limit for a legal entity’s aggregated balance at each bank. To limit the exposure to credit risk relating to deposits, the Group primarily places cash deposits with large financial institutions in the PRC. The Group conducts credit evaluations of its customers and suppliers, and generally does not require collateral or other security from them, The Group establishes an accounting policy to provide for allowance for credit loss based on the individual customer’s and supplier’s financial condition, credit history, and the current economic conditions. The Group conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for an allowance for credit losses. The Group conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

   

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

 

   As of December 31, 
   2024   2025 
Percentage of the Group’s accounts receivables        
Customer A  20%  * 
Customer B  *   11%

 

* Represented the percentage below 10%

 

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

 

   For the years ended December 31, 
   2023   2024   2025 
Percentage of the Group’s total revenue            
Customer C  *   10%  * 

 

   For the years ended
December 31,		 
   2024   2025 
Percentage of the Group’s total revenue        
Customer C  10%  * 

 

* Represented the percentage below 10%

 

The following table sets forth a summary of single suppliers who represent 10% or more of the Group’s total purchases:

 

   For the years ended December 31, 
   2023   2024   2025 
Percentage of the Group’s total purchase            
Supplier A  *   17%  17%
Supplier B  *   12%  10%
Supplier C  *   11%  * 

 

* Represented the percentage below 10%

 

   As of December 31, 
   2024   2025 
Percentage of the Group’s accounts payable        
Supplier A  27%  32%
Supplier B  11%  15%
Supplier D  13%  14%
Supplier E  21%  12%

 

* Represented the percentage below 10%