v3.25.2
BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2024
BORROWINGS  
Schedule of short-term borrowings

As of December 31,

2023

2024

RMB

RMB

Industrial and Commercial Bank of China (1)

    

    

20,000

Bank of China (2)

 

 

30,000

Total

 

 

50,000

(1)

On March 25, 2024, the Group entered into a loan agreement with Industrial and Commercial Bank to borrow RMB20.0 million as working capital for one year, with a maturity date of March 20, 2025. The loan has a fixed interest rate of 2.85% per annum. The loan was fully repaid upon maturity.

(2)

On December 27, 2023, the Group entered into a loan agreement with Bank of China to borrow RMB30.0 million as working capital for one year. The loan was withdrawn on January 2, 2024 and as a maturity date in January 2, 2025. The loan has a fixed interest rate of 2.85% per annum. The loan is pledged by the Company’s patent rights. The loan was fully repaid upon maturity.

Schedule of long-term borrowings

As of December 31,

2023

2024

RMB

RMB

Agricultural Bank of China

    

156,730

    

105,245

Total

 

156,730

 

105,245

Less: long-term borrowing-current portion

 

(28,029)

 

(29,300)

Long-term borrowing

 

128,701

 

75,945

Schedule of future maturities of long-term borrowings

12 months ending December 31,

    

RMB

2025

 

29,300

2026

 

24,829

2027

 

24,829

2028

 

24,829

2029

 

1,040

Thereafter

 

418

Total long-term borrowings

 

105,245