v3.26.1
Intangible Assets, net
12 Months Ended
Dec. 31, 2025
Intangible Assets, net  
Intangible Assets, net

5.

Intangible Assets, net

The following is a summary of intangible assets, net:

  ​ ​ ​

December 31, 2024

  ​ ​ ​

December 31, 2025

RMB

RMB

Gross carrying amount

 

  ​

 

  ​

Insurance distribution and service-related licenses

 

57,330

 

59,065

Software and systems

 

1,840

 

6,775

Total intangible assets

 

59,170

 

65,840

Less: accumulated amortization

 

(1,121)

 

(1,287)

Intangible assets, net

 

58,049

 

64,553

Licenses for insurance distribution and services have indefinite useful life. Amortization expenses were RMB0.4 million, RMB0.2 million and RMB0.7 million for the years ended December 31, 2023, 2024 and 2025, respectively. No impairment charge was recognized for any of the years presented.

As of December 31, 2025, intangible assets amortization expense for future years is expected to be as follows:

  ​ ​ ​

Amortization expense of intangible assets

RMB

2026

 

1,919

2027

 

1,919

2028

 

1,311

2029

 

95

2030

 

95

Thereafter

 

149

Total

 

5,488