Goodwill and Intangible assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible assets

Goodwill and Intangible assets

8Goodwill and Intangible assets

The Company has recognized goodwill of RMB37,785 and RMB37,785 (US$5,403) as of December 31, 2024 and 2025, respectively, as part of the business acquisition of Wuhan SendCloud Technology Co., Ltd., (“SendCloud”). There were no impairment charges in the carrying amount of goodwill during the years ended December 31, 2023, 2024 and 2025.

Intangible assets consist of the following:


		As of December 31,
		2024		2025
		RMB		RMB		US$
Computer software, systems and technology		14,814		15,238		2,179
Brand		10,300		10,300		1,473
Customer relationships		13,800		13,800		1,973
Less: Accumulated amortization		(25,147)		(29,372)		(4,200)
Total intangible assets, net		13,767		9,966		1,425

No impairment charges were recognized on intangible assets for the years ended December 31, 2023, 2024 and 2025, respectively.

The weighted average amortization period of intangible assets were 5.9 years, 5.9 years and 5.8 years for the years ended December 31, 2023, 2024 and 2025, respectively.

Amortization expense of intangible assets were RMB6,223, RMB4,648 and RMB4,225 (US$604) for the years ended December 31, 2023, 2024 and 2025, respectively.

8Goodwill and Intangible assets (continued)

Estimated amortization expense relating to the existing intangible assets with finite lives for each of the next five years is as follows:


		RMB		US$
For the year ending December 31, 2026		4,128		590
2027		1,524		218
2028		1,035		148
2029		1,030		147
2030		1,030		147

There were no intangible assets with an indefinite useful life as of December 31, 2024 and 2025.