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Net (Loss)/Earnings Per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Net (Loss)/Earnings Per Share | 20. NET (LOSS)/EARNINGS PER SHARE Basic and diluted net (loss)/earnings per share for each of the years presented were calculated as follows:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | RMB |  |  | RMB |  |  | RMB |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  |  | (640,295 | ) |  |  | (229,838 | ) |  |  | (92,053 | )
Net loss attributable to non-controlling interests shareholders |  |  | 25,520 |  |  |  | 9,383 |  |  |  | 300 |
Deemed contribution to ordinary shareholders due to modifications and extinguishment on convertible redeemable preferred shares |  |  | — |  |  |  | — |  |  |  | 672,170 |
Deemed dividend to convertible redeemable preferred share shareholders due to modifications |  |  | — |  |  |  | — |  |  |  | (5,940 | )
Net accretion on convertible redeemable preferred shares to redemption value |  |  | (396,716 | ) |  |  | (9,452 | ) |  |  | (290,543 | )
Net (loss)/income attributable to ordinary shareholders – Basic |  |  | (1,011,491 | ) |  |  | (229,907 | ) |  |  | 283,934 |
Dilution effect from deemed contribution to ordinary shareholders due to modifications and extinguishment on convertible redeemable preferred shares |  |  | — |  |  |  | — |  |  |  | (672,170 | )
Dilution effect from deemed dividend to convertible redeemable preferred share shareholders due to modifications |  |  | — |  |  |  | — |  |  |  | 5,940 |
Dilution effect from net accretion on convertible redeemable preferred shares to redemption value |  |  | — |  |  |  | — |  |  |  | 290,543 |
Net loss attributable to ordinary shareholders - dilute d |  |  | (1,011,491 | ) |  |  | (229,907 | ) |  |  | (91,753 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of ordinary shares - basic |  |  | 47,315,140 |  |  |  | 48,781,392 |  |  |  | 97,788,561 |
Weighted average number of ordinary shares from assumed conversion of the convertible redeemable preferred shares |  |  | — |  |  |  | — |  |  |  | 70,363,864 |
Weighted average number of ordinary shares - diluted |  |  | 47,315,140 |  |  |  | 48,781,392 |  |  |  | 168,152,425 |
Net (loss)/income per share attributable to ordinary shareholders: |  |  |  |  |  |  |  |  |  |  |  |
- Basic |  |  | (21.38 | ) |  |  | (4.71 | ) |  |  | 2.90 |
- Diluted |  |  | (21.38 | ) |  |  | (4.71 | ) |  |  | (0.55 | )
Basic net (loss)/earnings per share is computed using the weighted average number of ordinary shares outstanding and vested RSUs during the period. Diluted net (loss)/earnings per share is computed using the weighted average number of ordinary shares, vested RSUs and dilutive potential ordinary shares outstanding during the period. For the years ended December 31, 2022, 2023 and 2024, the Company had potential ordinary shares, including convertible redeemable preferred shares, restricted shares and RSUs. Assumed conversion of the restricted shares and RSUs have not been reflected in the dilutive calculations for the years ended December 31, 2022, 2023 and 2024, pursuant to ASC 260, “Earnings Per Share”, due to the anti-dilutive effect. The weighted-average numbers of restricted shares excluded from the calculation of diluted net (loss)/income per share of the Company were 1,115,899 , 376,692 and nil for the years ended December 31, 2022, 2023 and 2024, respectively (Note 19). The weighted-average numbers of RSUs excluded from the calculation of diluted net (loss)/income per share of the Company were 161,133 and 516,522 and 325,010 for the years ended December 31, 2022, 2023 and 2024, respectively (Note 19). Assumed conversion of the convertible redeemable preferred shares have not been reflected in the dilutive calculations for the years ended December 31, 2022 and 2023, pursuant to ASC 260, “Earnings Per Share”, due to the anti-dilutive effect. The weighted-average numbers of convertible redeemable preferred shares excluded from the calculation of diluted net (loss)/income per share of the Company were 109,481,969 and 109,481,969 for the years ended December 31, 2022 and 2023 (Note 1 8 ).

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