Banking borrowings |
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Banking borrowings | Note 9 — Banking borrowings
Banking borrowings include the followings:
The total outstanding banking borrowings were RMB 15.0 million and RMB 30.0 million (USD 4.3 million) as of December 31, 2024 and 2025. All bank borrowings are secured and are working capital loans under revolving credit facilities, each with a maturity term not exceeding 12 months, for daily operational needs. The loans bear interest at floating rates. All loans will be paid off before July 2026.
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