XML 128 R103.htm IDEA: XBRL DOCUMENT v3.26.1
PUT OPTION LIABILITIES - Key unobservable inputs (Details) - Level 3 - Recurring
Dec. 31, 2025
Y
Dec. 31, 2024
Y
May 20, 2024
Y
Mar. 26, 2024
Y
Dividend yield        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0 0    
Shenma | Expected volatility        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0.5387 0.6922 0.6956  
Shenma | Risk-free rate        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0.0122 0.011 0.0183  
Shenma | Contractual term        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0.33 1.33 2  
Shenma | Dividend yield        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0 0 0  
Beijing Naonao | Expected volatility        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0.8173 0.9674   1.1818
Beijing Naonao | Risk-free rate        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0.0137 0.0115   0.0211
Beijing Naonao | Contractual term        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 1.5 2.34   3.17
Beijing Naonao | Dividend yield        
PUT OPTION LIABILITIES        
Put option liabilities, measurement input 0 0   0