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Leases

12 Months Ended

Dec. 31, 2025

Leases

Leases

9. Leases

The Group’s lease payments for office space leases include fixed rental payments and do not consist of any variable lease payments that depend on an index or a rate. As of December 31, 2024 and 2025, there was no leases that have not yet commenced.

The following represents the aggregate right-of-use assets and related lease liabilities as of December 31, 2024 and 2025:

 Schedule of Aggregate Right of Use Assets and Related Lease Liabilities

		December 31, 2024				December 31, 2025
		RMB				RMB
Operating lease right-of-use assets			5,653				6,453
Short-term operating lease liabilities			(3,037	)			(4,727	)
Long-term operating lease liabilities			(2,137	)			(801	)
Total operating leased liabilities			(5,174	)			(5,528	)

The weighted average lease term and weighted average discount rate as of December 31, 2024 and 2025 were as follows:

Weighted Average Lease Term and Weighted Average Discount Rate 

		December 31, 2024				December 31, 2025
		RMB				RMB
Weighted average lease term:
Operating leases			1.96				1.34
Weighted average discount rate:
Operating leases			3.43	%			2.96	%

The components of lease expenses for the years ended December 31, 2023, 2024 and 2025 were as follows:

Schedule of Lease Expenses

		2023				2024				2025
		For the years ended December 31,
		2023				2024				2025
		RMB				RMB				RMB
Operating lease cost			8,880				5,599				5,807
Cost of other leases with period less than one year			1,194				3,340				1,614
Total			10,074				8,939				7,421

Supplemental cash flow information related to leases for the years ended December 31, 2023, 2024 and 2025 were as follows:

Schedule of Supplemental Cash Flow Information Related to Leases

		2023				2024				2025
		For the years ended December 31,
		2023				2024				2025
		RMB				RMB				RMB
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases			8,984				5,138				6,052
Supplemental noncash information:
Right-of-use assets obtained in exchange for lease obligations			5,602				6,843				7,047
Right-of-use assets released due to termination of lease contracts			(1,666	)			(6,179	)			(648	)

9. Leases (Continued)

Maturities of lease liabilities at December 31, 2025:

Schedule of Maturities of Lease Liabilities

		December 31, 2025
		RMB
2026			4,618
2027			1,017
Total remaining undiscounted lease payments			5,635
Less: interest			(107	)
Total present value of operating lease liabilities			5,528
Less: short-term operating lease liabilities			(4,727	)
Long-term operating lease liabilities			801

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- References

No definition available.

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

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