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v3.26.1

PUT OPTION LIABILITIES (Details) ¥ in Thousands, $ in Thousands |  |  |  | 12 Months Ended
--- | --- | --- | --- | ---
Jun. 30, 2025 USD ($) | May 20, 2024 CNY (¥) | May 20, 2024 USD ($) | Mar. 26, 2024 USD ($) | Dec. 31, 2025 CNY (¥) shares | Dec. 31, 2025 USD ($) shares | Dec. 31, 2024 CNY (¥) | Dec. 31, 2024 USD ($)
PUT OPTION LIABILITIES |  |  |  |  |  |  |  |
Balance at ending |  |  |  |  | ¥ 112 | $ 16 |  |
Gain on derecognition |  |  |  |  |  | $ 200 |  |
Exchange rates used to translate amounts from RMB to US$ |  |  |  |  |  | 6.9931 |  |
Fair value of the put liability | $ 200 |  |  |  |  |  |  | $ 200
Call option asset | 1,000 |  |  |  |  |  |  | 1,000
Gain (loss) on derecognition |  |  |  |  |  | $ (800) |  |
Beijing Naonao |  |  |  |  |  |  |  |
PUT OPTION LIABILITIES |  |  |  |  |  |  |  |
Gain (loss) on change in fair value | $ 1,000 |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |
PUT OPTION LIABILITIES |  |  |  |  |  |  |  |
The initial valuation of put option liabilities |  | ¥ 7,718 | $ 1,083 |  |  |  |  |
Balance at ending |  |  |  |  | 112 | 20 | ¥ 1,923 | 289
Gain (loss) on change in fair value |  |  |  |  | 237 | 33 | ¥ 5,795 | 794
Gain on derecognition |  |  |  |  | ¥ 1,574 | 236 |  |
Derivative liabilities exchange rate fluctuations |  |  |  |  |  | $ 4 |  |
Shenma |  |  |  |  |  |  |  |
PUT OPTION LIABILITIES |  |  |  |  |  |  |  |
Number of invstees' shares acquired (in shares) | shares |  |  |  |  | 14,250 | 14,250 |  |
Option equity interest |  |  |  |  |  | 19.00% |  |
The initial valuation of put option liabilities |  |  | $ 199 |  |  |  |  |
Balance at ending |  |  |  |  |  | $ 20 |  | 14
Gain (loss) on change in fair value |  |  |  |  |  | $ (6) |  | 185
Beijing Naonao |  |  |  |  |  |  |  |
PUT OPTION LIABILITIES |  |  |  |  |  |  |  |
Option equity interest |  |  |  |  |  | 21.70% |  |
The initial valuation of put option liabilities |  |  |  | $ 884 |  |  |  |
Balance at ending |  |  |  |  |  |  |  | 275
Gain (loss) on change in fair value |  |  |  |  |  | $ 39 |  | $ 609
Gain on derecognition |  |  |  |  |  | $ 236 |  |

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