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Statutory Reserves And Restricted Net Assets (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Statement Of Financial Position

Balance Sheet

		As of December 31, 2023				As of December 31, 2024
		RMB				RMB
ASSETS
Cash and cash equivalents			15,466				99,459
Amounts due from the Group’s entities			174,801				185,892
Investments in subsidiaries, VIE and VIE’s subsidiaries			60,013				—
Other non-current assets			16,253				548
Total assets			266,533				285,899
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT
Amounts due to the Group’s entities			35,613				35,613
Equity loss in subsidiaries, VIE and VIE’s subsidiaries			—				12,021
Acquisition consideration payable			8,983				8,983
Other payable and accrued liabilities			3,857				2,052
Derivative liabilities			100,279				—
Total liabilities			148,732				58,669

		As of December 31, 2023				As of December 31, 2024
		RMB				RMB
Mezzanine equity
Series A convertible redeemable preferred shares (US$0.0001 par value, 15,040,570 and nil shares authorized, issued and outstanding as of December 31, 2023 and 2024, respectively)			408,139				—
Series B convertible redeemable preferred shares (US$0.0001 par value, 7,085,330 and nil shares authorized, issued and outstanding as of December 31, 2023 and 2024, respectively)			199,518				—
Series C convertible redeemable preferred shares (US$0.0001 par value, 23,786,590 and nil shares and authorized, issued and outstanding as of December 31, 2023 and 2024, respectively)			493,788				—
Series D convertible redeemable preferred shares (US$0.0001 par value, 37,152,161 and nil shares authorized, issued and outstanding as of December 31, 2023 and 2024, respectively)			1,059,434				—
Series E convertible redeemable preferred shares (US$0.0001 par value, 26,417,318 and nil shares authorized, issued and outstanding as of December 31, 2023 and 2024, respectively)			1,402,802				—
Total mezzanine equity			3,563,681				—
Shareholders’ (deficit)/equity
Ordinary shares (US$0.0001 par value per share; 390,518,031 shares authorized as of December 31, 2023; 48,253,425 shares issued and outstanding as of December 31, 2023; None authorized, issued and outstanding as of December 31, 2024)			33				—
Class A Ordinary shares (US$0.0001 par value per share; none authorized, issued and outstanding as of December 31, 2023; 483,068,176 Class A ordinary shares authorized, 163,294,773 Class A ordinary shares issued and outstanding as of December 31, 2024)			—				118
Class B Ordinary shares (US$0.0001 par value per share; none authorized, issued and outstanding as of December 31, 2023; 16,931,824 Class B ordinary shares authorized, issued and outstanding as of December 31, 2024)			—				11
Additional paid-in capital			16,671				3,489,553
Accumulated other comprehensive income			23,775				25,096
Accumulated deficit			(3,486,359	)			(3,287,548	)
Total shareholders’ (deficit)/equity			(3,445,880	)			227,230
Total liabilities, mezzanine equity and shareholders’ (deficit)/equity			266,533				285,899

Statement Of Income And Comprehensive Income

Statements of Comprehensive Loss

		Year Ended December 31, 2022				Year Ended December 31, 2023				Year Ended December 31, 2024
		RMB				RMB				RMB
General and administrative			(9,050	)			(27,856	)			(15,730	)
Equity in loss of the Group’s entities			(575,930	)			(295,718	)			(106,358	)
Loss from operation			(584,980	)			(323,574	)			(122,088	)
Interest and investment income			2,454				756				408
Interest expense			(59	)			(56	)			(23	)
Impairment of available-for-sale debt securities			—				—				(4,428	)
Change in fair value of derivative liabilities			(32,190	)			102,419				34,378
Loss before income tax expense			(614,775	)			(220,455	)			(91,753	)
Net loss			(614,775	)			(220,455	)			(91,753	)
Net accretion on convertible redeemable preferred shares to redemption value			(396,716	)			(9,452	)			(290,543	)
Deemed contribution to ordinary shareholders due to modifications and extinguishment on convertible redeemable preferred shares			—				—				672,170
Deemed dividend to preferred shareholders due to modifications			—				—				(5,940	)
Net (loss)/income attributable to ordinary shareholders			(1,011,491	)			(229,907	)			283,934

Statement Of Cash Flows

Statement of Cash Flows

		Year Ended December 31, 2022				Year Ended December 31, 2023				Year Ended December 31, 2024
		RMB				RMB				RMB
Net cash used in operating activities			(6,211	)			(29,486	)			(20,519	)
Net cash used in investing activities			(150,456	)			(172,856	)			(44,013	)
Net cash (used in)/ provided by in financing activities			(2,425	)			(3,896	)			151,029
Effect of exchange rate changes on cash and cash equivalents			22,430				8,146				(2,504	)
Net (decrease)/increase in cash and cash equivalents			(136,662	)			(198,092	)			83,993
Cash and cash equivalents at beginning of the year			350,220				213,558				15,466
Cash and cash equivalents at end of the year			213,558				15,466				99,459

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Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

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