v3.26.1
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Schedule of Effective Income Tax Rate Reconciliation [Abstract]        
Income (loss) from continuing operations before income taxes, share of income (loss) of affiliates, net ¥ (2,273,246) $ (325,070) ¥ 401,308 ¥ 348,767
Computed income tax expense at PRC EIT tax rate ¥ (568,312)   ¥ 100,327 ¥ 87,192
Computed income tax expense at PRC EIT tax rate 25.00% 25.00% 25.00% 25.00%
Expenses not deductible for tax purposes:        
—Entertainment ¥ 793   ¥ 703 ¥ 2,417
—Entertainment 0.00% 0.00% 0.20% 0.70%
—Impairment on goodwill   ¥ 93,537
—Impairment on goodwill 23.30%
—Provision for expected credit losses on financial assets [1] ¥ 543,537   ¥ 11,718
—Provision for expected credit losses on financial assets [1] (23.90%) (23.90%) 2.90%
—Other   ¥ 1,434 ¥ 340
—Other 0.40% 0.10%
Effect of tax holidays on concessionary rates granted to PRC entities   ¥ (507) ¥ (9,956)
Effect of tax holidays on concessionary rates granted to PRC entities (0.10%) (2.90%)
Effect of different tax rates of subsidiaries operating in other jurisdictions ¥ 16,764   ¥ (135,440) ¥ 4,110
Effect of different tax rates of subsidiaries operating in other jurisdictions (0.70%) (0.70%) (33.70%) 1.20%
Change in valuation allowance ¥ 28,622   ¥ 15,645 ¥ 2,713
Change in valuation allowance (1.30%) (1.30%) 3.90% 0.80%
Utilized of deferred income tax for dividend distribution   ¥ (2,500)
Utilized of deferred income tax for dividend distribution (0.60%)
Effect of non-taxable (income) loss [2]   ¥ 29,969 ¥ (25,709)
Effect of non-taxable (income) loss [2] 7.50% (7.40%)
Unrecognized tax benefits arising from certain transfer pricing arrangements   ¥ (4,162) ¥ (2,279)
Unrecognized tax benefits arising from certain transfer pricing arrangements (1.00%) (0.70%)
Deferred income tax reverse ¥ (16,799)   ¥ (18,800)
Deferred income tax reverse 0.70% 0.70% (4.70%)
Other ¥ (585)   ¥ 30 ¥ 378
Other 0.00% 0.00% 0.00% 0.10%
Income tax expense ¥ 4,020 $ 575 ¥ 91,954 ¥ 59,206
Income tax expense (0.20%) (0.20%) 22.90% 17.00%
[1] Provision for expected credit losses on financial assets for the year ended December 31,2025 is primarily relating to the expected credit losses of loan receivables,
[2] The effect of non-taxable income for the year ended December 31, 2023 is primarily relating to the non-taxable gains from changes in fair value of equity interests held by the Group. The effect of non-taxable loss for the year ended December 31, 2024 is primarily relating to the non-taxable loss from changes in fair value of equity interests held by the Group.