v3.26.1
Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES

11. LEASES

 

The Company has several operating leases for employee dormitory, garage and offices. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

As of December 31, 2024 and 2025, supplemental balance sheet information related to operating leases was as follows:

 

   As of December 31, 
   2024   2025 
   RMB   RMB   US$ 
Right-of-use assets, net           -    469    67 
Operating lease liabilities - current   -    106    15 
Operating lease liabilities - non-current   -    327    47 
Total operating lease liabilities   -    433    62 

 

Total operating lease expense for the year ended December 31, 2025 amounted to RMB85 (US$12).

 

Amortization of operating lease ROU assets amounted to RMB72 (US$10) for the year ended December 31, 2025.

 

Total rent expenses of short-term lease for the year ended December 31, 2025 amounted to RMB17 (US$2).

 

The weighted average remaining lease terms and discount rates for all of operating lease as of December 31, 2025 were as follows:

 

   December 31,
2025
 
Weighted-average remaining lease term (years):    
Operating lease   9.33 years 
      
Weighted average discount rate:     
Operating leases   4.0%

 

Twelve months ending December 31,  RMB   US$ 
2026   120    17 
2027   38    5 
2028   38    5 
2029   38    5 
2030   38    5 
Thereafter   246    35 
Total future minimum lease payments   518    72 
Less: imputed interest   (85)   (10)
Present value of operating lease liabilities   433    62