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Short-Term and Long-Term Borrowings
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Short-Term and Long-Term Borrowings
12. SHORT-TERM AND LONG-TERM BORROWINGS
 
    
Fixed annual
interest rate
 
Term
    
As of December 31,
 
    
2023
    
2024
 
               
RMB
    
RMB
 
Short-term borrowings:
          
Secured bank loans
  
3.35%-3.60%
    Within 12 months        —         110,000  
Unsecured bank loans
  
3.10%-3.15%
    Within 12 months        39,800        —   
Current portion of long-term borrowings
  
3.30%-4.20%
    Mature in 2025        7,000        53,000  
       
 
 
    
 
 
 
                46,800      163,000  
       
 
 
    
 
 
 
Long-term borrowings:
          
Secured bank loan
(1)
  
3.45%-3.65%
   
1-2
years
       78,500        73,500  
Unsecured bank loan
(2)
  
3.40%-4.20%
   
1-2
years
       147,500        105,000  
Less: current portion of long-term borrowings
  
3.30%-4.20%
    Mature in 2025        (7,000      (53,000
       
 
 
    
 
 
 
                219,000      125,500  
       
 
 
    
 
 
 
 
(1)
On April 27, 2023, the Group entered into one secured bank loan of RMB 80,000 which was guaranteed by the Founder of the Group with annual payment schedule of RMB 1,500, RMB 2,000 and RMB 76,500 in 2023, 2024 and 2025, respectively. The Group repaid RMB 1,500 during the year ended December 31, 2023 when the installment became due. In May 2024, the Company made early repayment of the
full remaining 
balance, and refinanced a new secured bank loan of RMB 75,000 with annual payment schedule of RMB 1,500, RMB 2,000 and RMB 71,500 in 2024, 2025 and 2026, respectively. The new loan is also guaranteed by the Founder of the Group.
The Group repaid RMB 1,500 during the year ended December 31, 2024 when the installment bec
a
me due. 
In February 2025, the Group made early repayment of the
entire remaining 
balance.
(2)
On April 24, 2023, the Group entered into one unsecured bank loan of RMB 50,000 with annual payment schedule of RMB 2,500, RMB 5,000 and RMB 42,500 in 2023, 2024 and 2025, respectively. The Group repaid RMB 2,500
and RMB 5,000 
during the years ended December 31, 2023 and 2024, respectively, when the installment became due. In February 2025, the Group made early repayment of the remaining balance.
Then on December 27, 2023, the Group entered into another two unsecured bank loans with the same bank in total amount of RMB 100,000, both of which are due in June 2025. In 2024, the Group made early repayment of the balance.
On April 19, 2024, the Group entered into one unsecured bank loan of RMB 43,000 with annual payment schedule of RMB 3,000 and RMB 40,000 in 2025 and 2026, respectively.
 
The Group repaid RMB 3,000 in April 2025 when the installment became due.
On June 26, 2024, the Group entered into one unsecured bank loan of RMB 10,000 with annual payment schedule of RMB 500, RMB 3,500 and RMB 6,000 in 2024, 2025 and 2026, respectively. The Group repaid RMB 500 during the year ended December 31, 2024, when the installment became due.
On July 31, 2024, the Group entered into one unsecured bank loan of RMB 10,000 with annual payment schedule of RMB 2,000 and RMB 8,000 in 2025 and 2026, respectively.
The combined aggregate amount of maturities for all long-term borrowings for each of the five years following December 31, 2024 as follows:
 
    
Long-term borrowings
 
    
RMB
 
2025      53,000  
2026      125,500  
The weighted average interest rates for the outstanding borrowings were approximately 3.88% and 3.68% as of December 31, 2023 and 2024, respectively.