Income taxes (Tables)
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12 Months Ended |
Dec. 31, 2025 |
| Income taxes |
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| Schedule of loss before income taxes |
| | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | US$ | Cayman Islands | | (16,192) | | (7,466) | | (5,956) | | (852) | British Virgin Islands | | — | | (37) | | (83) | | (12) | Hong Kong | | (1,982) | | (2,699) | | (1,355) | | (194) | Singapore | | 96 | | 341 | | 3,967 | | 567 | Malaysia | | — | | (253) | | (1,905) | | (272) | Indonesia | | — | | — | | (43) | | (6) | China | | (46,476) | | 3,455 | | 8,022 | | 1,148 | Total (loss)/income before income taxes | | (64,554) | | (6,659) | | 2,647 | | 379 |
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| Schedule of current and deferred portions of income tax benefit/(expense) |
| | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | US$ | Current income tax expense | | (3) | | (104) | | (1,125) | | (160) | Deferred tax benefit/(expense) | | 1,889 | | (6) | | 1,052 | | 150 | Total income tax benefit/(expense) | | 1,886 | | (110) | | (73) | | (10) |
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| Schedule of reconciliation between expenses of income taxes |
| | | | | | | Year ended December 31, | | | 2023 | | 2024 | | | RMB | | RMB | Loss before income tax | | (64,554) | | (6,659) | Income tax expense computed at PRC statutory rate (25%) | | (16,139) | | (1,665) | International tax rate differential | | 4,206 | | 2,080 | Preferential tax rate | | 10,613 | | (16,830) | Deferred tax items tax rate differential | | (6,502) | | 15,283 | Research and development super-deduction | | (26,393) | | (19,403) | Non-deductible expenses | | 3,438 | | 2,257 | Deferred tax expenses | | 49 | | 1,423 | Non-taxable income | | — | | (3) | Recognition of prior year tax loss | | — | | 2,156 | Deemed income | | — | | 59,152 | Changes in valuation allowance | | 28,842 | | (44,340) | Income tax (benefit)/expense | | (1,886) | | 110 |
| | | | | | | | | Year ended December 31, | | | 2025 | | | Amount | | Percent | | | RMB | | US$ | | % | Income tax expense computed at PRC statutory rate (25%) | | 662 | | 95 | | 25.0 | Foreign Tax Effects | | | | | | | Cayman | | | | | | | Statutory tax rate difference between Cayman and PRC | | 1,489 | | 213 | | 56.2 | Other foreign jurisdictions | | 323 | | 46 | | 12.1 | Changes in Valuation Allowances | | (7,316) | | (1,046) | | (276.0) | Nontaxable or Nondeductible Items | | | | | | | Meals and entertainment | | 1,627 | | 233 | | 61.5 | Others | | 662 | | 95 | | 25.0 | Other Adjustments | | | | | | | Out of period adjustment | | 5,176 | | 740 | | 195.3 | Research and development super-deduction | | (1,760) | | (252) | | (66.5) | Preferential tax rate | | (1,230) | | (176) | | (46.4) | Adjustment for tax return amendments | | 824 | | 118 | | 31.1 | Others | | (384) | | (56) | | (14.7) | Income tax expense | | 73 | | 10 | | 2.6 |
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| Schedule of deferred tax assets and liabilities |
| | | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | | US$ | Deferred tax assets | | | | | | | Provision for credit losses | | 5,422 | | 5,799 | | 829 | Share of loss from equity method investments | | 113 | | 113 | | 16 | Accrued expenses | | 2,007 | | 1,068 | | 153 | Net operating loss carry forward | | 272,542 | | 254,635 | | 36,412 | Government grants related to assets | | 158 | | 94 | | 13 | Estimated liabilities | | — | | 27 | | 4 | Lease liabilities | | 4,231 | | 3,355 | | 480 | Data asset | | — | | 11,565 | | 1,654 | Less: Valuation allowance | | (279,902) | | (273,251) | | (39,074) | Total deferred tax assets | | 4,571 | | 3,405 | | 487 | | | | | | | | Deferred tax liabilities | | | | | | | Property and equipment depreciation | | (102) | | (53) | | (8) | Operating lease right-of-use assets | | (4,057) | | (3,215) | | (459) | Intangible assets arising from acquisition | | (3,340) | | (2,014) | | (288) | Total deferred tax liabilities | | (7,499) | | (5,282) | | (755) | | | | | | | | Net deferred tax assets | | 131 | | 6 | | 1 | Net deferred tax liabilities | | (3,059) | | (1,883) | | (269) |
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| Schedule of unrecognized tax benefits |
| | | | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | US$ | Beginning balance | | 117 | | 117 | | 117 | | 17 | Increase of unrecognized tax benefits taken in prior years | | — | | — | | 40,375 | | 5,774 | Ending balance | | 117 | | 117 | | 40,492 | | 5,791 |
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