Accounts Receivable, Net

12 Months Ended

Dec. 31, 2025

Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]

5.	Accounts Receivable, Net

Accounts receivable, net, consisted of the following:


	As of December 31,
	2024			2025
	RMB			RMB			US$
Accounts receivable		161,520			222,929			31,879
Less: expected credit losses provision		(103,340	)		(111,259	)		(15,910	)

Accounts receivable, net		58,180			111,670			15,969

In 2025, the Group received a deposit of RMB7,060 (US$1,010) from a customer, representing a guaranteed payment for consideration

recorded

in accrued expenses and other liabilities (Note 11). The amount was subsequently offset against an account receivable from the customer in April 2026.

The movements in the expected credit losses were:


	For the year ended December 31,
	2023			2024			2025
	RMB			RMB			RMB			US$
Beginning balance prior to ASC 326		(115,380	)
Adoption of ASC Topic 326		(1,153	)

Balance at the beginning of the years		(116,533	)		(131,826	)		(103,340	)		(14,778	)
Current period provision		(16,170	)		(12,725	)		(11,294	)		(1,615	)
Reversal		1,773			6,039			3,356			480
Provision converted from unbilled revenue		(1,269	)		—			—			—
Write-off		—			35,180			—			—
Acquisition of non-controlling interests		390			—			—			—
Others		(17	)		(8	)		19			3

Balance at the end of the years		(131,826	)		(103,340	)		(111,259	)		(15,910	)