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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Compensation [Abstract] |
Schedule of RSUs Activity | The following table summarized the RSUs activity and related information for the years ended December 31, 2022, 2023 and 2024:
|  | Number of RSUs |  |  | Weighted Average Grant Date Fair Value (RMB) |
Unvested, January 1, 2022 |  |  | 309,071 |  |  |  | 0.2 |
Granted |  |  | — |  |  |  | — |
Forfeited |  |  | 8,113 |  |  |  | 0.2 |
Vested |  |  | 100,319 |  |  |  | 0.2 |
Unvested, December 31, 2022 |  |  | 200,639 |  |  |  | 0.2 |
Granted |  |  | — |  |  |  | — |
Forfeited |  |  | 21,635 |  |  |  | 0.2 |
Vested |  |  | 89,502 |  |  |  | 0.2 |
Unvested, December 31, 2023 |  |  | 89,502 |  |  |  | 0.2 |
Granted |  |  | — |  |  |  | — |
Forfeited |  |  | 4,250 |  |  |  | 0.2 |
Vested |  |  | 85,252 |  |  |  | 0.2 |
Unvested, December 31, 2024 |  |  | — |  |  |  | — |
Schedule of Valuation Assumptions | The option granted on January 1, 2022 was valued using the binomial model with the assistance of an independent valuation firm using the management’s estimates and assumptions. Significant assumptions used in the valuation are set as below:
|  | January 1, 2022 |
Spot price on valuation date |  | US$ | 96 |
Expected volatility |  |  | 137.01 | %
Risk-free interest rate |  |  | 1.51 | %
Dividend yield |  |  | 0.00 | %
Forfeiture rate |  |  | 0.00 | %
The options granted under the 2022 plan were valued using the Black-Scholes model using the management’s estimates and assumptions. Significant assumptions used in the valuations are set as below:
|  | For the year ended |
|  | December 31, 2023 |
Spot price on valuation date |  | US$ | 10.6 |
Expected volatility |  |  | 120.95%-123.34 | %
Risk-free interest rate |  |  | 3.53%-4.28 | %
Dividend yield |  |  | 0.00 | %
Schedule of Share Option Activity | The following table summarizes the share options activity and related information for the years ended December 31, 2022, 2023 and 2024:
|  | Number of Options |  |  | Weighted Average Exercise Price (RMB) |  |  | Weighted Average Remaining Term (Years) |  |  | Weighted Average Grant Date Fair Value (RMB) |  |  | Aggregated Intrinsic Value (RMB) |
Outstanding as of January 1, 2022 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | 25,000 |  |  |  | 0.03 |  |  |  | 10.0 |  |  |  | 609.4 |  |  |  |  |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |
Outstanding as of December 31, 2022 |  |  | 25,000 |  |  |  | 0.03 |  |  |  | 9.0 |  |  |  | 609. 4 |  |  |  | 2,001,626 |
Vested and exercisable as of December 31, 2022 |  |  | 8,333 |  |  |  | 0.03 |  |  |  | 9.0 |  |  |  | 609.4 |  |  |  | 667,209 |
Granted |  |  | 86,186 |  |  |  | 0.01 |  |  |  | 9.3 |  |  |  | 73.4 |  |  |  |  |
Forfeited |  |  | 21,158 |  |  |  | 0.03 |  |  |  | — |  |  |  | 495.7 |  |  |  |  |
Exercised |  |  | 58,789 |  |  |  | 0.02 |  |  |  | — |  |  |  | 149.4 |  |  |  |  |
Outstanding as of December 31, 2023 |  |  | 31,239 |  |  |  | 0.01 |  |  |  | 9.3 |  |  |  | 73.4 |  |  |  | 4,004,469 |
Vested and exercisable as of December 31, 2023 |  |  | 7,152 |  |  |  | 0.01 |  |  |  | 9.3 |  |  |  | 73.4 |  |  |  | 916,775 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |
Forfeited |  |  | 5,041 |  |  |  | 0.01 |  |  |  | — |  |  |  | 73.4 |  |  |  |  |
Exercised |  |  | 10,041 |  |  |  | 0.01 |  |  |  | — |  |  |  | 73.4 |  |  |  |  |
Outstanding as of December 31, 2024 |  |  | 16,157 |  |  |  | 0.01 |  |  |  | 8.3 |  |  |  | 73.4 |  |  |  | 1,039,402 |
Vested and exercisable as of December 31, 2024 |  |  | 4,865 |  |  |  | 0.01 |  |  |  | 8.3 |  |  |  | 73.4 |  |  |  | 312,976 |

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