v3.26.1
Organization and Principal Activities (Tables)
12 Months Ended
Dec. 31, 2025
Organization and Principal Activities  
Schedule of company's consolidated subsidiaries and variable interest entities

  ​ ​ ​

Place and

  ​ ​ ​

Percentage of

  ​ ​ ​

year of

direct or indirect

Major subsidiaries

incorporation

economic ownership

Principal activities

Yuanbao (Hong Kong) Limited (“Yuanbao HK”)

 

Hong Kong, China Y2019

 

100

%  

Investment holding

Hong Kong ASIA International Insurance Brokers Limited (“HK Insurance Brokers”)

Hong Kong, China Y2021

100

%

Insurance distribution services

Yuanbao Kechuang (Beijing) Technology Co., Ltd. (“Yuanbao Kechuang” or “primary beneficiary of the VIE”)

 

Beijing, China Y2020

 

100

%  

System services

  ​ ​ ​

Place and

  ​ ​ ​

Percentage of

  ​ ​ ​

year of

direct or indirect

The VIE

incorporation

economic interest

Principal activities

Yuanbao Shuke (Beijing) Technology Co., Ltd. (“Yuanbao Shuke”)

 

Beijing, China Y2019

 

100

%  

System services

  ​ ​ ​

Place and

  ​ ​ ​

  ​ ​ ​

year of

Percentage of

incorporation /

direct or indirect

Major subsidiaries of the VIE

acquisition

economic interest

Principal activities

Yuanbao Insurance Brokerage (Beijing) Co., Ltd.

 

Beijing, China Y2005

 

100

%  

Insurance distribution services

Shouxin Insurance Agency (Guangdong) Co., Ltd.

 

Beijing, China Y2010

 

100

%  

Insurance distribution services

Schedule of consolidated financial statements of VIE and its subsidiaries

  ​ ​ ​

As of December 31, 

  ​ ​ ​

As of December 31, 

2024

2025

RMB

RMB

ASSETS

  ​

  ​

Current assets:

 

  ​

 

  ​

Cash and cash equivalents

 

561,777

 

585,882

Time deposits

 

80,000

 

80,266

Restricted cash

 

15,000

 

15,096

Short-term investments

 

21,560

 

Accounts receivable, net

 

86,501

 

119,148

Prepayments and other current assets, net

 

10,146

 

10,623

Total current assets

 

774,984

 

811,015

Non-current assets:

 

  ​

 

  ​

Property and equipment, net

 

1,568

 

1,457

Intangible assets, net

 

57,684

 

57,640

Right-of-use assets

 

2,856

 

848

Deferred tax assets, net

 

6,936

 

33,338

Other non-current assets, net

6,900

Total non-current assets

 

69,044

 

100,183

TOTAL ASSETS

 

844,028

 

911,198

Current liabilities:

 

  ​

 

  ​

Accounts payable

 

3,819

 

5,570

Contract liabilities

 

117,591

 

63,440

Salary and welfare payable

 

13,209

 

12,029

Taxes payable

 

1,804

 

1,913

Accrued expenses and other current liabilities

 

522,838

 

577,055

Current lease liabilities

 

2,006

 

662

Amounts due to the subsidiaries of the Company, current

 

184,619

 

256,703

Total current liabilities

 

845,886

 

917,372

Non-current liabilities:

 

  ​

 

Non-current lease liabilities

 

813

 

123

Deferred tax liabilities, net

 

14,795

 

14,333

Total non-current liabilities

 

15,608

 

14,456

TOTAL LIABILITIES

 

861,494

 

931,828

For the year ended December 31,

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

RMB

Revenue

803,906

1,438,597

1,658,159

Net income/(loss) from continuing operations

 

12,237

25,933

 

(9,852)

Net loss from discontinued operations

 

(2,069)

 

Net income/(loss)

 

10,168

25,933

 

(9,852)

For the year ended December 31,

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

RMB

Net cash and cash equivalents and restricted cash provided by continuing operating activities

123,156

349,753

8,837

Net cash and cash equivalents and restricted cash provided by discontinued operating activities

 

15,365

 

Net cash and cash equivalents and restricted cash provided by/(used in) continuing investing activities

 

4,203

(81,861)

 

15,364

Net cash and cash equivalents and restricted cash used in discontinued investing activities

 

(31,699)

 

Net cash and restricted cash provided by/(used in) financing activities

 

27,800

(74,000)

 

Net increase in cash and cash equivalents and restricted cash

 

138,825

193,892

 

24,201