| Segment reporting |
25.Segment reporting The Company generates its revenue primarily from On-demand delivery solution services and substantially all of the Company’s long-lived assets are located in the PRC. Segment information is presented after elimination of inter-segment transactions and revenues and cost of revenues are directly attributable, or are allocated, to each segment. The accounting policies of the segments are the same as those described in note 2. The company’s CODM evaluates performance based on each operating segment’s revenue and cost of revenues and uses these results to evaluate the performance of, and to allocate resources to each of the segments. The Company’s CODM does not review the financial position by operating segment, thus total assets by operating segment is not presented. | | | | | | | | | | | For the year ended December 31, | | | 2022 | | 2023 | | 2024 | | 2024 | | | RMB | | RMB | | RMB | | US$ | Revenues | | | | | | | | | On-demand delivery solution services | | 3,638,729 | | 3,412,802 | | 2,828,483 | | 387,501 | Others | | 181,649 | | 289,585 | | 218,388 | | 29,919 | Total revenues | | 3,820,378 | | 3,702,387 | | 3,046,871 | | 417,420 | Cost of revenues (Note) | | | | | | | | | On-demand delivery solution services | | (3,399,654) | | (3,268,933) | | (2,775,575) | | (380,252) | Others | | (168,036) | | (266,845) | | (197,583) | | (27,069) | Total cost of revenues | | (3,567,690) | | (3,535,778) | | (2,973,158) | | (407,321) | Gross profit | | 252,688 | | 166,609 | | 73,713 | | 10,099 | Reconciliation of profit or loss | | | | | | | | | Operating expenses: | | | | | | | | | General and administrative | | (213,592) | | (184,336) | | (148,627) | | (20,362) | Research and development | | (12,540) | | (12,378) | | (10,690) | | (1,465) | Gain on disposal of assets | | 13,975 | | 22,317 | | 75,220 | | 10,305 | Goodwill impairment | | (4,882) | | — | | — | | — | Income/(loss) from operations | | 35,649 | | (7,788) | | (10,384) | | (1,423) | Non-operating (expense)/income: | | | | | | | | | Interest income | | 690 | | 1,047 | | 385 | | 53 | Interest expense | | (5,683) | | (4,882) | | (4,105) | | (562) | Other (expense)/income, net | | (26,068) | | 16,704 | | (2,627) | | (360) | Income/(loss) before income tax | | 4,588 | | 5,081 | | (16,731) | | (2,292) |
Note: The cost of revenues for the years ended December 31, 2022, 2023 and 2024 mainly include cost of labor.
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