Goodwill |
12 Months Ended | ||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||
| Goodwill | 10. GOODWILL
The changes in the carrying amount of goodwill were as follows:
* The Group allocated the goodwill recognized in its 2025 business combinations to the reporting unit under AI and others segment, and subsequently performed annual goodwill impairment testing at the reporting unit level in accordance with ASC 350-20. For the year ended December 31, 2023, 2024 and 2025, the recognized impairment loss of nil, RMB152,890 and nil for goodwill. For the years ended December 31, 2024, considering the adverse change in the operating and financial performance of AI and others, the Group performed a quantitative assessment and compared the fair value of AI and others reporting unit to it's carrying amount, including the allocated goodwill. The fair value was estimated using the income approach with certain key assumptions including forecasted revenue, EBIT margin and discount rate which are subject to high degree of judgment and complexity. A sensitivity analysis shows that significant increases (decreases) in the forecasted revenue, increases (decreases) in the EBIT margin and decreases (increases) in discount rate will result in a significantly higher (lower) fair value measurement of the reporting unit. |