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v3.26.1

CALL OPTION ASSETS (Details) ¥ in Thousands, $ in Thousands | 12 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Dec. 31, 2025 CNY (¥) | Dec. 31, 2025 USD ($) | Dec. 31, 2024 CNY (¥) | Dec. 31, 2024 USD ($) | Dec. 31, 2023 CNY (¥) | Dec. 31, 2025 USD ($) | Jun. 30, 2025 USD ($) | Dec. 31, 2024 USD ($) | May 20, 2024 CNY (¥) | May 20, 2024 USD ($) | Mar. 26, 2024 USD ($)
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Call option assets | ¥ | ¥ 0 |  | ¥ 15,843 |  |  |  |  |  |  |  |
Loss on derecognition of in 2025 |  | $ (1,000) |  |  |  |  |  |  |  |  |
change in fair value of call option asset | ¥ (5,733) | (820) | 45,037 |  | ¥ 23,171 |  |  |  |  |  |
Exchange rate | 6.9931 |  |  |  |  | 6.9931 |  |  |  |  |
Derivative asset |  |  |  |  |  |  | $ 1,000 | $ 1,000 |  |  |
Derivative liability |  |  |  |  |  |  | $ 200 | 200 |  |  |
Net loss on derecognition |  | 800 |  |  |  |  |  |  |  |  |
Gain on derecognition of Beijing Naonao |  | 200 |  |  |  |  |  |  |  |  |
Derivative asset |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Call option assets |  |  | 15,843 |  |  |  |  | 2,188 | ¥ 5,207 | $ 731 |
Gain (loss) on change in fair value | ¥ (8,196) | (1,148) | ¥ 10,636 | $ 1,457 |  |  |  |  |  |  |
Loss on derecognition of in 2025 | ¥ (7,647) | (1,040) |  |  |  |  |  |  |  |  |
Kuaijin |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Exercise Price valuation |  |  |  |  |  | $ 60,000 |  |  |  |  |
Option equity interest | 36.00% |  |  |  |  | 36.00% |  |  |  |  |
Call option assets | ¥ 0 |  |  |  |  |  |  | 72 |  | $ 222 |
Gain (loss) on change in fair value |  | (72) |  | (150) |  |  |  |  |  |  |
change in fair value of call option asset |  | 100 |  |  |  |  |  |  |  |  |
Beijing Naonao |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Option equity interest | 21.70% |  |  |  |  | 21.70% |  |  |  |  |
Call option assets |  |  |  |  |  |  |  | $ 2,116 |  |  | $ 509
Gain (loss) on change in fair value |  | (1,076) |  | $ 1,607 |  |  |  |  |  |  |
Loss on derecognition of in 2025 |  | $ (1,040) |  |  |  |  |  |  |  |  |

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