v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
¥ in Thousands, $ in Thousands
Ordinary shares
Class A Ordinary shares
CNY (¥)
shares
Ordinary shares
Class B Ordinary shares
CNY (¥)
shares
Treasury Stock
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Statutory reserves
CNY (¥)
Accumulated other comprehensive (loss)/income
CNY (¥)
Accumulated deficit
CNY (¥)
Noncontrolling interests
CNY (¥)
Class A Ordinary shares
shares
CNY (¥)
USD ($)
Balance as of beginning at Dec. 31, 2022 ¥ 234 ¥ 15 ¥ (33,814) ¥ 13,615,042   ¥ (65,808) ¥ (7,861,973) ¥ 40,572   ¥ 5,694,268  
Balance as of beginning (in shares) at Dec. 31, 2022 | shares 288,149,510 18,940,652                  
Balance as of beginning (in shares) at Dec. 31, 2022 | shares     (2,166,087)                
Increase (Decrease) in Stockholders' Equity                      
Net (loss)/income             (843,641) 4,113   (839,528)  
Share-based compensation expenses       115,358       49,298   164,656  
Acquisition of a subsidiary with noncontrolling interests               7,327   7,327  
Capital contribution from noncontrolling interests               490   490  
Foreign currency translation adjustments           45,257       45,257  
Repurchase of shares     ¥ (369,569)             (369,569)  
Repurchase of shares (in shares) | shares     (24,582,185)                
Cancellation of shares ¥ (12)   ¥ 241,746 (248,108)           (6,374)  
Cancellation of shares (in shares) | shares (13,482,680)   13,482,680                
Exercise and vesting of share options and restricted shares ¥ 4     5,079           5,083  
Exercise and vesting of share options and restricted shares (in shares) | shares 4,885,428                    
Conversion of ordinary shares ¥ 1 ¥ (1)                  
Conversion of ordinary shares (in shares) | shares 795,047 (795,047)                  
Appropriations to statutory reserves         ¥ (2,680)   2,680     2,700  
Balance as of ending at Dec. 31, 2023 ¥ 227 ¥ 14 ¥ (161,637) 13,487,371 2,680 (20,551) (8,708,294) 101,800   4,701,610  
Balance as of ending (in shares) at Dec. 31, 2023 | shares 280,347,305 18,145,605                  
Balance as of ending (in shares) at Dec. 31, 2023 | shares     (13,265,592)                
Increase (Decrease) in Stockholders' Equity                      
Net (loss)/income             (171,802) 2,835   (168,967)  
Share-based compensation expenses       45,013       14,249   59,262  
Acquisition of a subsidiary with noncontrolling interests       33,724       (33,724)      
Disposal of a subsidiary         (2,245)   2,245 (25,827)   (25,827)  
Capital contribution from noncontrolling interests               200   200  
Foreign currency translation adjustments           32,934   30   32,964  
Repurchase of shares     ¥ (400,707)             (400,707)  
Repurchase of shares (in shares) | shares     (43,648,259)                
Cancellation of shares ¥ (41)   ¥ 432,446 (436,404)           (3,999)  
Cancellation of shares (in shares) | shares (45,767,659)   45,767,659                
Exercise and vesting of share options and restricted shares ¥ 3   ¥ 17,841 (16,694)           1,150  
Exercise and vesting of share options and restricted shares (in shares) | shares 2,833,975   1,194,705                
Conversion of ordinary shares ¥ 2 ¥ (2)                  
Conversion of ordinary shares (in shares) | shares 2,698,827 (2,698,827)                  
Appropriations to statutory reserves                   0  
Balance as of ending at Dec. 31, 2024 ¥ 191 ¥ 12 ¥ (112,057) 13,113,010 435 12,383 (8,877,851) 59,563   4,195,686  
Balance as of ending (in shares) at Dec. 31, 2024 | shares 240,112,448 15,446,778                  
Balance as of ending (in shares) at Dec. 31, 2024 | shares     (9,951,487)                
Increase (Decrease) in Stockholders' Equity                      
Net (loss)/income             (192,901) (2,260)   (195,161) $ (27,906)
Share-based compensation expenses       73,695       13,588   87,283  
Foreign currency translation adjustments           (46,119)   17   (46,102)  
Repurchase of shares     ¥ (167,060)             (167,060)  
Repurchase of shares (in shares) | shares     (16,644,029)                
Cancellation of shares (in shares) | shares                 31,100,000    
Exercise and vesting of share options and restricted shares ¥ 4   ¥ 4,058 (3,664)           398  
Exercise and vesting of share options and restricted shares (in shares) | shares 4,301,702   270,892                
Conversion of ordinary shares         271   (271)        
Appropriations to statutory reserves                   300  
Balance as of ending at Dec. 31, 2025 ¥ 195 ¥ 12 ¥ (275,059) ¥ 13,183,041 ¥ 706 ¥ (33,736) ¥ (9,071,023) ¥ 70,908   ¥ 3,875,044 $ 554,124
Balance as of ending (in shares) at Dec. 31, 2025 | shares 244,414,150 15,446,778                  
Balance as of ending (in shares) at Dec. 31, 2025 | shares     (26,324,624)