Discontinued Operation

12 Months Ended

Dec. 31, 2025

4.	Discontinued operation

On November 9, 2023, Chuangmei Weiye was transferred back to Beijing S.K. The Group has evaluated the disposal of Chuangmei Weiye and concluded that the disposal should be accounted as discontinued operation during the year ended and as of December 31, 2023 for this disposal had a major effect on operations and financial results of the Group. There were no carrying amounts of major classes of assets and liabilities from the discontinued operation in the consolidated balance sheets as of December 31, 2024 and 2025.

There were no carrying amounts of major classes of income and losses from the discontinued operation in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2024 and 2025. Reconciliation of the major classes of income and losses from discontinued operations in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2023 was as follow:

	For the years ended December 31,
	2023
	RMB
Net revenues:
Total net revenue		1,617,904
Cost of revenues		(795,112	)
Gross profit		822,792
Operating expenses:
General and administrative expenses		(2,224,057	)
Sales and marketing expenses		(668,264	)
Total operating expenses		(2,892,321	)
Operating loss		(2,069,529	)
Interest expense		(203,565	)
Interest income		770
Other income, net		166,086
Loss before income tax expense		(2,106,238	)
Income tax benefit		523,710
Loss before one-off loss upon deconsolidation of Chuangmei Weiye		(1,582,528	)
One-off loss upon deconsolidation of Chuangmei Weiye, net of tax		(21,812,133	)
Net loss from discontinued operation		(23,394,661	)

	For the years ended December 31,
	2023
	RMB
Net cash provided by operating activities		7,709,950
Net cash provided by investing activities		-
Net cash used in financing activities		(7,772,526	)