Organization and Principal Activities (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Subsidiaries, VIEs and VIEs' Subsidiaries

As of December 31, 2025, details of the Company’s major subsidiaries, VIEs and VIEs’ subsidiaries are as follows:

Major subsidiaries

Momo Technology HK Company Limited (“Momo HK”)

Beijing Momo Information Technology Co., Ltd. (“Beijing Momo IT”)

Beijing Leguanxing Information Technology Co., Ltd. (“Leguanxing”)

Tantan Limited (“Tantan”)

Tantan Hong Kong Limited (“Tantan HK”)

Tantan Technology (Beijing) Co., Ltd. (“Tantan Technology”)

SpaceCape Technology Pte. Ltd.

DeepMatch Technology Pte.Ltd.

HAPPN

Ruby 14 Investment Pte. Ltd.

Hello Planet Pte.

Major VIEs

Beijing Momo Technology Co., Ltd. (“Beijing Momo”) *

Tantan Culture Development (Beijing) Co., Ltd. (“Tantan Culture”) *

Beijing Top Maker Culture Co, Ltd. (“Beijing Top Maker”) *

Beijing Perfect Match Technology Co, Ltd. (“Beijing Perfect Match”) *

SpaceTime (Beijing) Technology Co, Ltd. (“SpaceTime Beijing”) *

Major VIEs’ subsidiaries

Chengdu Momo Technology Co., Ltd. (“Chengdu Momo”) *

Tianjin Heer Technology Co., Ltd. (“Tianjin Heer”) *

Loudi Momo Technology Co., Ltd. (“Loudi Momo”) *

Tianjin Apollo Exploration Culture Co., Ltd. (“Tantan Apollo”) *

Hainan Miaoka Network Technology Co., Ltd. (“Miaoka”) *

*	These entities are controlled by the Company pursuant to the contractual arrangements disclosed below.

Schedule of Amounts and Balances of VIEs Included in Consolidated Financial Statements After Elimination of Intercompany Balances and Transactions

The following consolidated financial statements amounts and balances of the VIEs were included in the accompanying consolidated financial statements after the elimination of intercompany balances and transactions as of and for the years ended December 31:


	As of December 31,
	2024		2025
	RMB		RMB
Cash and cash equivalents		1,060,972		715,383
Short-term deposits		—		150,000

Other current assets		519,462		502,995
Total current assets		1,580,434		1,368,378
Long-term deposits		150,000		—
Long-term investments		182,002		153,984
Other non-current assets		184,053		150,794

Total assets		2,096,489		1,673,156

Accounts payable		510,373		466,625
Deferred revenue		394,895		396,719
Other current liabilities		372,044		307,567

Total current liabilities		1,277,312		1,170,911
Other non-current liabilities		9,492		3,245

Total liabilities		1,286,804		1,174,156


	For the years ended December 31,
	2023		2024		2025
	RMB		RMB		RMB
Net revenues		11,203,950		9,392,080		8,367,094
Net income		4,179,878		3,117,577		3,028,247
Net cash provided by operating activities		4,118,893		3,347,280		2,967,161
Net cash provided by investing activities		726,076		2,050		750
Net cash provided by financing activities		—		—		—

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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