v3.26.1
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Compensation [Abstract]  
Schedule of Valuation Assumptions

The options granted under the 2022 plan were valued using the Black-Scholes model using the management’s estimates and assumptions. Significant assumptions used in the valuations are set as below:

 

    For the  
    year ended  
    December 31,
2023		  
Spot price on valuation date   US$ 10.6  
Expected volatility     120.95%-123.34 %
Risk-free interest rate     3.53%-4.28 %
Dividend yield     0.00 %
Schedule of Share Option Activity

The following table summarizes the share options activity and related information for the years ended December 31, 2023, 2024 and 2025:

 

   Number of
Options		   Weighted
Average
Exercise
Price
(RMB)		   Weighted
Average
Remaining
Term
(Years)		   Weighted
Average
Grant Date
Fair Value
(RMB)		   Aggregated
Intrinsic
Value
(RMB)		 
Outstanding as of January 1, 2023   25,000    0.03    9.0    609.4    2,001,626 
Granted   86,186    0.01    9.3    73.4      
Forfeited   21,158    0.03    
—
    495.7      
Exercised   58,789    0.02    
—
    149.4      
Outstanding as of December 31, 2023   31,239    0.01    9.3    73.4    4,004,469 
Vested and exercisable as of December 31, 2023   7,152    0.01    9.3    73.4    916,775 
Granted   
—
    
—
    
—
    
—
      
Forfeited   5,041    0.01    
—
    73.4      
Exercised   10,041    0.01    
—
    73.4      
Outstanding as of December 31, 2024   16,157    0.01    8.3    73.4    1,039,402 
Vested and exercisable as of December 31, 2024   4,865    0.01    8.3    73.4    312,976 
Granted   
—
    
—
    
—
    
—
    
 
 
Forfeited   2,246    0.01    
—
    73.4      
Exercised   6,437    0.01    
—
    73.4      
Outstanding as of December 31, 2025   7,474    0.01    7.3    73.4    165,384 
Vested and exercisable as of December 31, 2025   3,705    0.01    7.3    73.4    81,984