Loss Per Share

12 Months Ended

Dec. 31, 2025

15.	LOSS PER SHARE

Basic and diluted loss per share for the years ended December 31, 2023, 2024 and 2025 are calculated as follows:


	For the years ended December 31,
	2023						2024						2025
	Class A			Class B			Class A			Class B			Class A						Class B
	RMB			RMB			RMB			RMB			RMB			US$			RMB			US$
Numerator:
Net loss attributable to ordinary shareholders		(543,089	)		(110,600	)		(288,286	)		(58,340	)		(46,326	)		(6,626	)		(9,020	)		(1,290	)

Denominator:
Weighted-average number of ordinary shares outstanding		85,188,137			17,324,848			85,610,197			17,324,848			88,979,617			88,979,617			17,324,848			17,324,848
Effect of unvested restricted shares		(116,446	)		—			—			—			—			—			—			—

Weighted-average number of ordinary shares outstanding – basic and diluted		85,071,691			17,324,848			85,610,197			17,324,848			88,979,617			88,979,617			17,324,848			17,324,848

Loss per share - basic and diluted		(6.38	)		(6.38	)		(3.37	)		(3.37	)		(0.52	)		(0.07	)		(0.52	)		(0.07	)

The Group applied the

two-class

method to the outstanding Class A and Class B ordinary shares for the years ended December 31, 2023, 2024 and 2025. The Group excluded unvested restricted shares from the computation of weighted-average number or ordinary shares outstanding because the Group was in a loss position and the restricted shares holders do not have an obligation to fund losses of the Group. The Group excluded the effects of all outstanding share options from the computation of diluted loss per share for the years ended December 31, 2023, 2024 and 2025 as their effects would be anti-dilutive.