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INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2025

13.INTANGIBLE ASSETS, NET

Intangible assets consist of the following:


		Customer		Operating		Operating		Favorable
		relationship		lease		license		lease
		intangibles		intangibles		intangibles		intangibles		Technology		Others		Total
		RMB		RMB		RMB		RMB		RMB		RMB		RMB
Intangible assets, net at January 1, 2025		—		—		175,558		11,563		79,314		25,707		292,142
Addition of software		—		—		—		—		—		30		30
Decrease from disposal of centers		—		—		—		—		—		(145)		(145)
Amortization expenses		—		—		(12,422)		(1,564)		(13,219)		(8,917)		(36,122)
Intangible assets, net at December 31, 2025		—		—		163,136		9,999		66,095		16,675		255,905

Intangible assets, net at December 31, 2025, in US$		—		—		23,328		1,430		9,451		2,385		36,594


At December 31, 2025
Intangible assets, cost		32,449		418		248,440		21,010		132,190		51,728		486,235
Less: accumulated amortization		(31,486)		(418)		(85,304)		(11,011)		(66,095)		(35,053)		(229,367)
Less: intangible asset impairment		(963)		—		—		—		—		—		(963)
Intangible assets, net at December 31, 2025		—		—		163,136		9,999		66,095		16,675		255,905

Amortization expenses for intangibles were RMB36,705, RMB36,355 and RMB36,122 (US$5,165) for the years ended December 31, 2023, 2024 and 2025, respectively.

Impairment loss on intangible assets was nil, nil and nil for the years ended December 31, 2023, 2024 and 2025, respectively.

The estimated annual amortization expenses for the above intangible assets for each of the five succeeding years are as follows:


	Amortization
	RMB	US$
2026	34,177	4,887
2027	29,380	4,201
2028	28,601	4,090
2029	28,372	4,057
2030	28,366	4,056
There after	107,009	15,303
Total	255,905	36,594