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Long term investment | 12 Months Ended
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Dec. 31, 2025
Long term investment | 17. Long term investment The Company’s long term investment consisted of the following:
|  | As of December 31, |
|  | 2024 |  |  | 2025 |
|  | RMB’000 |  |  | RMB’000 |
Fund investment in associate |  |  | - |  |  |  | 1,960 |
|  |  | - |  |  |  | 1,960 |
During the year, the Company invested RMB1.96 million, together with other third parties, to establish a legal entity in China, in which the Company holds a 30% voting right. The investment is accounted for under the equity method. Management assessed that, as of December 31, 2025, the carrying amount approximated the Company’s proportionate share of the net assets of the investee.

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