XML 33 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 417,920 $ 57,255 ¥ 320,489
Restricted cash 322 44  
Short-term investments 0   58,128
Accounts receivable, net (Credit losses of RMB 2,201 and RMB1,758 as of December 31, 2023 and 2024, respectively) 19,386 2,656 32,790
Amounts due from related parties 2,000 274  
Prepaid expenses and other current assets, net (Credit losses of RMB 373 and nil as of December 31, 2023 and 2024, respectively) 35,791 4,903 12,028
Total current assets 475,419 65,132 423,435
Non-current assets:      
Property, equipment and software, net 15,175 2,079 23,402
Intangible assets, net 7,069 968 12,720
Goodwill 163,837 22,446 164,113
Long-term investments 114,432 15,677 126,341
Operating lease right-of-use assets, net 25,655 3,515 34,997
Other non-current assets 20,349 2,788 22,265
Long-term bank deposits     117,573
Total non-current assets 346,517 47,473 501,411
Total assets 821,936 112,605 924,846
Current liabilities      
Accounts payable (including accounts payables of the consolidated VIEs without recourse to the Company of RMB 17,855 and RMB 6,188 as of December 31, 2023 and 2024, respectively) 7,389 1,013 17,855
Amounts due to related parties (including amounts due to related parties of the consolidated VIEs without recourse to the Company of nil and RMB 2,452 as of December 31, 2023 and 2024, respectively) 2,452 336  
Short-term borrowings (including short-term borrowing of the consolidated VIEs without recourse to the Company of RMB 46,800 and RMB 163,000 as of December 31, 2023 and 2024, respectively) 163,000 22,331 46,800
Deferred revenue, current (including deferred revenue, current of the consolidated VIEs without recourse to the Company of RMB 188,485 and RMB 125,428 as of December 31, 2023 and 2024, respectively) 125,428 17,184 188,485
Acquisition consideration payable (including acquisition consideration payable of the consolidated VIEs without recourse to the Company of RMB 5,792 and RMB 5,792 as of December 31, 2023 and 2024, respectively) 14,775 2,024 14,775
Other payable and accrued liabilities (including other payable and accrued liabilities of the consolidated VIEs without recourse to the Company of RMB 40,025 and RMB 17,451 as of December 31, 2023 and 2024, respectively) 72,028 9,867 89,937
Derivative liabilities (including derivative liabilities of the consolidated VIEs without recourse to the Company of nil and nil as of December 31, 2023 and 2024, respectively)     100,279
Operating lease liabilities, current (including operating lease liabilities, current of the consolidated VIEs without recourse to the Company of RMB 12,778 and RMB 8,920 as of December 31, 2023 and 2024, respectively) 8,966 1,228 15,818
Total current liabilities 394,038 53,983 473,949
Non-current liabilities      
Long-term borrowings (including long-term borrowings of the consolidated VIEs without recourse to the Company of RMB 219,000 and RMB125,500 as of December 31, 2023 and 2024, respectively) 125,500 17,193 219,000
Operating lease liabilities, non-current (including operating lease liabilities, non-current of the consolidated VIEs without recourse to the Company of RMB 20,257 and RMB 17,439 as of December 31, 2023 and 2024, respectively) 17,458 2,392 20,257
Deferred revenue, non-current (including deferred revenue, non-current of the consolidated VIEs without recourse to the Company of RMB 58,952 and RMB 57,710 as of December 31, 2023 and 2024, respectively) 57,710 7,906 58,952
Total non-current liabilities 200,668 27,491 298,209
Total liabilities 594,706 81,474 772,158
Commitments and contingencies (Note 21)
Mezzanine equity      
Mezzanine equity     3,563,681
Shareholders' (deficit)/equity      
Ordinary shares     33
Additional paid-in capital 3,489,553 478,067 16,671
Statutory reserve     4,322
Accumulated other comprehensive income 25,096 3,438 23,775
Accumulated deficit (3,287,548) (450,392) (3,490,681)
Total YXT.COM Group Holding Limited shareholders' (deficit)/equity 227,230 31,131 (3,445,880)
Non-controlling interests     34,887
Total shareholders' (deficit)/equity 227,230 31,131 (3,410,993)
Total liabilities, mezzanine equity and shareholders' (deficit)/equity 821,936 112,605 924,846
Series A convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity     408,139
Series B convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity     199,518
Series C convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity     493,788
Series D convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity     1,059,434
Series E convertible redeemable preferred shares [Member]      
Mezzanine equity      
Mezzanine equity     ¥ 1,402,802
Class A ordinary shares [Member]      
Shareholders' (deficit)/equity      
Ordinary shares 118 16  
Class B ordinary shares [Member]      
Shareholders' (deficit)/equity      
Ordinary shares ¥ 11 $ 2