v3.26.1
Convertible Redeemable Preferred Shares (Tables)
12 Months Ended
Dec. 31, 2025
Convertible Redeemable Preferred Shares [Abstract]  
Schedule of Preferred Shares Activities

The Company’s Preferred Shares activities for the year ended December 31, 2023, 2024 and 2025 are summarized below:

 

   Series Pre-A
Preferred Shares
   Series A
Preferred Shares
   Series B-1
Preferred Shares
   Series B-2
Preferred Shares
   Series B-3
Preferred Shares
   Series B-4
Preferred Shares
   Total 
   Number of
shares
   Amount
RMB
   Number of
shares
   Amount
RMB
   Number of
shares
   Amount
RMB
   Number of
shares
   Amount
RMB
   Number of
shares
   Amount
RMB
   Number of
shares
   Amount
RMB
   Amount
RMB
 
Balances as of January 1, 2023   2,722,222    224,619,462    2,957,613    346,956,953    911,178    80,027,397    2,460,315    248,084,932    228,786    30,668,493    3,770,112    542,284,354    1,472,641,591 
Re-designation                                           (452,998)   (76,041,096)   (76,041,096)
Accretion to redemption value of mezzanine equity       14,377,527        22,356,000        6,315,068        16,287,671        2,000,000        41,172,581    102,508,847 
Balances as of December 31, 2023   2,722,222    238,996,989    2,957,613    369,312,953    911,178    86,342,465    2,460,315    264,372,603    228,786    32,668,493    3,317,114    507,415,839    1,499,109,342 
Accretion to redemption value of mezzanine equity       13,757,582        22,417,249        5,013,699        15,542,466        2,005,479        37,205,741    95,942,216 
Balances as of December 31, 2024   2,722,222    252,754,571    2,957,613    391,730,202    911,178    91,356,164    2,460,315    279,915,069    228,786    34,673,972    3,317,114    544,621,580    1,595,051,558 
Accretion to redemption value of mezzanine equity       10,600,104        17,272,307        3,863,014        11,975,342        1,545,205        28,666,717    73,922,689 
Convertible redeemable preferred shares converted into Class A ordinary shares upon the completion of the IPO   (2,722,222)   (263,354,675)   (2,957,613)   (409,002,509)   (911,178)   (95,219,178)   (2,460,315)   (291,890,411)   (228,786)   (36,219,177)   (3,317,114)   (573,288,297)   (1,668,974,247)
Balances as of December 31, 2025