v3.25.1
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Schedule of Effective Income Tax Rate Reconciliation [Abstract]        
Income from continuing operations before income taxes, share of income of affiliates, net ¥ 413,241 $ 56,615 ¥ 349,818 ¥ 196,335
PRC statutory tax rate 25.00% 25.00% 25.00% 25.00%
Income tax at statutory tax rate ¥ 103,310   ¥ 87,455 ¥ 49,084
Entertainment 703   2,417 2,099
Impairment on goodwill 93,537  
Provision for expected credit losses on other receivables 11,940  
Other 1,434   340 479
Effect of tax holidays on concessionary rates granted to PRC entities (507)   (9,956) (12,671)
Effect of different tax rates of subsidiaries operating in other jurisdictions (135,440)   4,110 2,342
Change in valuation allowance 20,179   2,713 40,501
Utilized of Deferred income tax for dividend distribution (2,500)  
Effect of non-taxable (income) loss [1] 29,969   (25,709) (4,620)
Unrecognized tax benefits arising from certain transfer pricing arrangements (4,744)   (2,279) (36,566)
Deferred income tax reverse (18,800)  
Other (366)   311 368
Income tax expense ¥ 98,715 $ 13,524 ¥ 59,402 ¥ 41,016
[1] The effect of non-taxable income for years ended December 31, 2022 represents an income tax exemption according to the Notice (Cai Shui [2002] No. 128) promulgated by the State Administration of Taxation and Ministry of Finance in China on dividend income derived from a purchased open-end securities investment fund product that the Group recorded as short term investment. The effect of non-taxable income for the year ended December 31, 2023 is primarily relating to the non-taxable gains from changes in fair value of equity interests held by the Group. The effect of non-taxable loss for the year ended December 31, 2024 is primarily relating to the non-taxable loss from changes in fair value of equity interests held by the Group.