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Share-Based Compensation (Tables)

12 Months Ended

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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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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