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Preferred shares (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Issuances of Preferred Shares

The following table summarizes the issuances of Preferred Shares by CCT:

 

   As of December 31, 2022 
   Shares
Authorized*		   Shares
Issued and
Outstanding		   Issue
Price per
Share		   Redemption Value   Liquidation Value 
               US$   US$ 
Series Pre-A   4,429,111    4,429,111    RMB 5.45    19,752    19,965 
Series A   9,181,406    9,181,406    RMB 5.45    40,853    40,886 
Series B   8,033,732    8,033,732    RMB 21.78    49,709    52,721 
Series C   1,955,000    1,955,000    US$ 8.58    17,616    19,916 
Series D1   399,496    399,496    US$ 8.85    3,653    4,071 
Series D2   765,057    765,057    US$ 8.85    6,996    7,795 
Series D3   10,426,666    10,426,666    US$ 8.85    94,523    106,238 
    35,190,468    35,190,468         233,102    251,592 

 

* Shares authorized, issued and outstanding for all periods reflect the adjustment for Reverse Recapitalization (Note 3).
Schedule of Preferred Shares Activities

The Group’s preferred shares activities for the years ended December 31, 2023, 2024, respectively, are summarized below:

 

   Balance as of
January 1,
2022		   Accretions to Preferred
Shares redemption value		   Redemption of Preferred Shares   Balance as of
December 31,
2022		 
                 
Series Pre-A Preferred shares                    
Number of shares   4,429,111    -    -    4,429,111 
Amount   121,121    30,182    -    151,303 
Series A Preferred shares                    
Number of shares   9,181,406    -    -    9,181,406 
Amount   270,877    62,920    -    333,797 
Series B Preferred shares                    
Number of shares   8,033,732    -    -    8,033,732 
Amount   275,750    44,286    -    320,036 
Series C Preferred shares                    
Number of shares   3,982,306    -    (2,027,306)   1,955,000 
Amount   259,024    (11,139)   (132,529)   115,356 
Series D1 Preferred shares                    
Number of shares   399,496    -    -    399,496 
Amount   20,452    2,187    -    22,639 
Series D2 Preferred shares                    
Number of shares   765,057    -    -    765,057 
Amount   34,992    4,152    -    39,144 
Series D3 Preferred shares                    
Number of shares   10,426,666    -    -    10,426,666 
Amount   520,923    55,683    -    576,606 
Total Number of shares*   37,217,774    -    (2,027,306)   35,190,468 
Total amount   1,503,139    188,271    (132,529)   1,558,881 

 

* Shares authorized, issued and outstanding for all periods reflect the adjustment for Reverse Recapitalization (Note 3).

 

 

14. Preferred shares (Continued)

 

   Balance as of
January 1,
2023		   Accretions to Preferred
Shares redemption value		   Transfer Preferred Shares to Ordinary shareholders   Balance as of
December 31,
2023		 
Series Pre-A Preferred shares                
Number of shares   4,429,111    -    (4,429,111)   - 
Amount   151,303    149,858    (301,161)   - 
Series A Preferred shares                    
Number of shares   9,181,406    -    (9,181,406)   - 
Amount   333,797    311,290    (645,087)   - 
Series B Preferred shares                    
Number of shares   8,033,732    -    (8,033,732)   - 
Amount   320,036    239,317    (559,353)   - 
Series C Preferred shares                    
Number of shares   1,955,000    -    (1,955,000)   - 
Amount   115,356    9,144    (124,500)   - 
Series D1 Preferred shares                    
Number of shares   399,496    -    (399,496)         - 
Amount   22,639    1,853    (24,492)   - 
Series D2 Preferred shares                    
Number of shares   765,057    -    (765,057)   - 
Amount   39,144    3,519    (42,663)   - 
Series D3 Preferred shares                    
Number of shares   10,426,666    -    (10,426,666)   - 
Amount   576,606    47,188    (623,794)   - 
Total Number of shares   35,190,468    -    (35,190,468)   - 
Total amount   1,558,881    762,169    (2,321,050)   -