| Property and Equipment, Net |
|
Property and Equipment, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Leasehold improvements |
|
|
30,236 |
|
|
|
86,648 |
|
|
|
12,391 |
|
| Building |
|
|
— |
|
|
|
84,087 |
|
|
|
12,024 |
|
| Electronic equipment |
|
|
15,828 |
|
|
|
70,302 |
|
|
|
10,053 |
|
| Machinery equipment |
|
|
20,440 |
|
|
|
35,855 |
|
|
|
5,127 |
|
| Construction in progress |
|
|
16,985 |
|
|
|
12,532 |
|
|
|
1,792 |
|
| Mold and tooling |
|
|
6,190 |
|
|
|
11,926 |
|
|
|
1,705 |
|
| Transportation equipment |
|
|
4,224 |
|
|
|
6,766 |
|
|
|
968 |
|
| Office equipment |
|
|
1,980 |
|
|
|
4,432 |
|
|
|
634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Less: accumulated depreciation |
|
|
(34,199 |
) |
|
|
(53,038 |
) |
|
|
(7,584 |
) |
| Less: accumulated impairment |
|
|
(1,460 |
) |
|
|
(1,460 |
) |
|
|
(209 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the years ended December 31, 2023, 2024 and 2025, the Group recorded depreciation expense of RMB12,442, RMB12,774 and RMB18,954 (US$2,710), respectively. As of December 31, 2025, certain long-term bank loans (Note 12) were secured by mortgages of the Group’s building with carrying values of approximately RMB 81,952 (US$11,719). There was no property and equipment mortgage securing the long-term loans outstanding as of December 31, 2024. |