| NET LOSS PER ORDINARY SHARE |
15. NET LOSS PER ORDINARY SHARE The following table sets forth the basic and diluted net loss per ordinary share computation and provides a reconciliation of the numerator and denominator for the years presented: | | | | | | | | | For the Year Ended | | | December 31, | | | 2023 | | 2024 | | 2025 | | | | (In RMB, except for share data) | Numerator: | | | | | | | Net loss | | (271,835,982) | | (193,200,639) | | (39,385,588) | | | | | | | | Denominator: | | | | | | | Weighted average number of ordinary shares outstanding | | 154,795,461 | | 155,735,312 | | 156,334,581 | Weighted average number of ordinary shares equivalents outstanding | | 2,020,644 | | 2,724,930 | | 3,380,117 | | | | | | | | Denominator for basic and diluted net loss per ordinary share | | 156,816,105 | | 158,460,242 | | 159,714,698 | | | | | | | | Net loss per ordinary share | | | | | | | —Basic | | (1.73) | | (1.22) | | (0.25) | —Diluted | | (1.73) | | (1.22) | | (0.25) |
Securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because to do so would have been antidilutive for the years ended December 31, 2024 and 2025 were as follow: | | | | | | | For the Year Ended | | | December 31, | | | 2024 | | 2025 | Share options | | 3,753,328 | | 3,637,968 | Unvested restricted share units | | 2,753,342 | | 7,670,528 |
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