Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Balance Sheet Statements, Captions [Line Items]

Schedule of Condensed Balance Sheets

The following table sets forth the assets and liabilities of the VIE and subsidiaries of the VIE included in the Group’s consolidated balance sheets:


		As of December 31,
		2024				2025
		RMB				RMB				US$
Cash and cash equivalents			150,947				235,390				33,660
Restricted cash			20				20				3
Accounts receivable (net of allowance of RMB45,590 and RMB58,895 (US$8,422) as of December 31, 2024 and 2025, respectively)			151,971				168,097				24,037
Contract assets (net of allowance of RMB61,856 and RMB65,651 (US$9,388) as of December 31, 2024 and 2025, respectively)			13,855				12,301				1,759
Inter-company receivables*			605,656				517,689				74,029
Inventories			44,756				41,863				5,987
Contract costs			8,862				4,177				597
Prepayments and other current assets			13,737				7,915				1,133

Total current assets			989,804				987,452				141,205

Property and equipment, net			19,656				17,205				2,461
Intangible assets, net			224				150				22
Other non-current assets			5,353				4,450				636
Operating right-of-use assets			41,985				25,661				3,669

Total non-current assets			67,218				47,466				6,788

TOTAL ASSETS			1,057,022				1,034,918				147,993

Accounts payable			30,408				39,283				5,617
Deferred revenue			110,652				100,766				14,409
Inter-company payables*			1,768,322				1,653,528				236,451
Accrued liabilities and other current liabilities			61,212				58,391				8,350
Customer deposits			592				592				85
Current portion of operating lease liabilities			13,832				13,129				1,877

Total current liabilities			1,985,018				1,865,689				266,789

Other non-current liabilities			10,171				11,731				1,677
Non-current portion of operating lease liabilities			26,669				12,956				1,853

Total non-current liabilities			36,840				24,687				3,530

TOTAL LIABILITIES			2,021,858				1,890,376				270,319

*	Inter-company receivables/payables represent balances of VIE and subsidiaries of the VIE due from/to the Company and the Group’s consolidated subsidiaries.

Schedule of Condensed Statements of Cash Flows

The table sets forth the cash flows of the VIE and subsidiaries of the VIE included in the Group’s consolidated statements of cash flows:


		For the years ended December 31,
		2023				2024				2025

		RMB				RMB				RMB				US$
Net cash (used in)/generated from operating activities			(2,768	)			(160,551	)			85,227				12,185
Net cash used in investing activities			(606	)			(3,226	)			(2,684	)			(384	)
Net cash (used in)/ generated from financing activities			(68,894	)			—				1,900				271

Parent Company [Member]

Condensed Balance Sheet Statements, Captions [Line Items]

Schedule of Condensed Balance Sheets

Condensed Balance Sheets


		As of December 31,
		2024				2025
		RMB				RMB				US$
ASSETS
Current assets:
Cash and cash equivalents			9,328				9,571				1,369
Restricted cash			224				919				131
Inter-company receivables			3,198,215				3,122,220				446,472
Prepayments and other current assets			297				111				16

Total current assets			3,208,064				3,132,821				447,988

Non-current assets:
Property and equipment, net			77				75				10

Total non-current assets			77				75				10

Total assets			3,208,141				3,132,896				447,998

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Inter-company payables			2,626,851				2,596,203				371,252
Accrued liabilities and other current liabilities			463				1,429				204

Total current liabilities			2,627,314				2,597,632				371,456

Total liabilities			2,627,314				2,597,632				371,456


		As of December 31,
		2024				2025
		RMB				RMB				US$
LIABILITIES AND SHAREHOLDERS’ EQUITY (CONTINUED)
Shareholders’ equity:
Class A ordinary shares (par value of US$0.0002 per share; 230,000,000 shares authorized; 90,289,123 and 87,857,741 shares issued and outstanding as of December 31, 2024 and 2025, respectively)			124				120				17
Class B ordinary shares (par value of US$0.0002 per share; 20,000,000 shares authorized; 17,324,848 shares issued and outstanding as of December 31, 2024 and 2025)			21				21				3
Treasury stock			(63,264	)			(57,193	)			(8,178	)
Additional paid-in capital			5,002,255				5,010,060				716,429
Accumulated deficits			(4,200,261	)			(4,255,607	)			(608,544	)
Accumulated other comprehensive loss			(158,048	)			(162,137	)			(23,185	)

Total shareholders’ equity			580,827				535,264				76,542

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			3,208,141				3,132,896				447,998

Schedule of Condensed Statements of Comprehensive Loss

Condensed Statements of Comprehensive Loss


		For the years ended December 31,
		2023				2024				2025
		RMB				RMB				RMB				US$
Revenues			—				—				—				—

Cost of revenues			—				—				—				—

Gross profit			—				—				—				—

Operating expenses:
General and administrative expenses			(11,616	)			(13,128	)			(9,123	)			(1,306	)
Impairment loss on long-lived assets			—				(102	)			—				—
Share of losses in subsidiaries, the VIE and the VIE’s subsidiaries			(645,522	)			(337,078	)			(50,457	)			(7,215	)

Total operating expenses			(657,138	)			(350,308	)			(59,580	)			(8,521	)

Loss from operations			(657,138	)			(350,308	)			(59,580	)			(8,521	)

Interest income			3,811				4,021				4,234				605
Other expense, net			(362	)			(339	)			—				—

Loss before income taxes			(653,689	)			(346,626	)			(55,346	)			(7,916	)

Income tax expenses			—				—				—				—

Net loss			(653,689	)			(346,626	)			(55,346	)			(7,916	)

Other comprehensive (loss) income, net of tax of nil:			—				—				—				—
Foreign currency translation adjustments			4,189				3,485				(4,089	)			(585	)
Total comprehensive loss			(649,500	)			(343,141	)			(59,435	)			(8,501	)

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows


		For the years ended December 31,
		2023				2024				2025
		RMB				RMB				RMB				US$
Net cash ( used in )/generate d from operating activities			(19,253	)			(7,833	)			15,221				2,176
Net cash used in investing activities			(41,305	)			(5,840	)			(8,714	)			(1,247	)
Net cash generated from financing activities			—				8,902				—				—
Effect of exchange rate changes			813				90				(5,569	)			(796	)

Net (decrease)/ increase in cash, cash equivalents and restricted cash			(59,745	)			(4,681	)			938				133

Cash, cash equivalents and restricted cash at the beginning of year			73,978				14,233				9,552				1,367

Cash, cash equivalents and restricted cash at the end of year			14,233				9,552				10,490				1,500