v3.25.2
Segment reporting
 6 Months Ended
Jun. 30, 2025
Segment reporting  
Segment reporting

13.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.

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For the six months ended June 30,

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2024

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2025

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2025

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RMB

    

RMB

    

US$

Revenues

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On-demand delivery solution services

 

1,499,091

 

1,039,194

 

145,066

Others

 

120,847

 

92,201

 

12,871

Total revenues

 

1,619,938

 

1,131,395

 

157,937

Cost of revenues (Note)

 

  

 

  

 

  

On-demand delivery solution services

 

(1,480,986)

 

(1,044,104)

 

(145,751)

Others

 

(114,206)

 

(83,229)

 

(11,619)

Total cost of revenues

 

(1,595,192)

 

(1,127,333)

 

(157,370)

Gross profit

 

24,746

 

4,062

 

567

Reconciliation of profit or loss

 

  

 

  

 

  

Operating expenses:

 

  

 

  

 

  

General and administrative

 

(70,868)

 

(76,324)

 

(10,654)

Research and development

 

(4,939)

 

(3,589)

 

(501)

Gain on disposal of assets

 

7,022

 

5,744

 

802

Loss from operations

 

(44,039)

 

(70,107)

 

(9,786)

Non-operating (expense)/income:

 

  

 

  

 

  

Interest income

 

258

 

395

 

55

Interest expense

 

(2,301)

 

(2,174)

 

(303)

Other (expense)/income, net

 

(3,055)

 

994

 

139

Loss before income tax

 

(49,137)

 

(70,892)

 

(9,895)

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Note: The cost of revenues for the six months ended June 30, 2024 and 2025 mainly include cost of labor.