Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Accounting Policies [Abstract] |
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| Summarizes Of The Activity In The Allowance For Credit Losses Related To Accounts Receivable |
The following table summarizes the activity in the allowance for credit losses related to accounts receivable, loans receivable and other receivables for the years ended December 31, 2023, 2024 and 2025:
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For the year ended December 31, |
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| Beginning balance prior to ASC 326 |
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117,035 |
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| Adoption of ASC Topic 326 |
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2,422 |
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| Balance at the beginning of the years |
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119,457 |
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132,806 |
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110,422 |
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15,790 |
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| Current period provision |
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16,455 |
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19,262 |
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11,294 |
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1,615 |
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| Reversal |
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(2,764 |
) |
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(6,472 |
) |
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(3,356 |
) |
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(480 |
) |
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— |
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(35,194 |
) |
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— |
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— |
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Acquisition of non-controlling interests |
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(390 |
) |
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— |
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— |
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— |
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| Others |
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48 |
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20 |
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148 |
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21 |
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| Balance at the end of the years |
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| Summary of Estimated Useful Lives and Residual Value of Property and Equipment |
Property and equipment are stated at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, as follows:
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| Building |
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18 years |
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5 |
% |
| Mold and tooling |
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2-5 years |
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0 |
% |
| Office equipment |
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5 years |
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5 |
% |
| Electronic equipment |
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3-5 years |
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5 |
% |
| Machinery equipment |
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5-10 years |
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5 |
% |
| Transportation equipment |
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4 years |
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5 |
% |
| Leasehold improvements |
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Shorter of lease term or the estimated useful lives of the assets |
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0 |
% |
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| Summary of Amortization of Intangible Assets with Finite Lives |
Amortization of intangible assets with finite lives are computed using the straight-line method over the estimated useful lives as below:
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| Software |
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3-5 years |
| Patents and trademarks |
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5 years |
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| Summary of Revenue by Customer Incorporation Location |
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For the year ended December 31, |
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| PRC |
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96,580 |
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82 |
% |
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431,338 |
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95 |
% |
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402,333 |
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57,532 |
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97 |
% |
| East Asia |
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6,018 |
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5 |
% |
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3,028 |
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1 |
% |
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14,369 |
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2,055 |
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3 |
% |
| West Asia |
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9,188 |
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8 |
% |
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14,485 |
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3 |
% |
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564 |
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81 |
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0 |
% |
| Europe |
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501 |
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1 |
% |
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321 |
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0 |
% |
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372 |
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53 |
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0 |
% |
| South Asia |
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— |
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— |
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— |
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— |
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217 |
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31 |
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0 |
% |
| East Africa |
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— |
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— |
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— |
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— |
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126 |
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18 |
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0 |
% |
| West Africa |
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— |
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— |
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1,851 |
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0 |
% |
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— |
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— |
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— |
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| North America |
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— |
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— |
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2,616 |
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1 |
% |
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— |
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— |
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— |
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| South America |
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4,729 |
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4 |
% |
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2,513 |
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0 |
% |
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— |
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— |
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— |
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| Other |
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410 |
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0 |
% |
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— |
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— |
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— |
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— |
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— |
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| Total net revenues |
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| Summary of Operating Lease Liabilities |
A maturity analysis of the Company’s operating lease liabilities and reconciliation of the undiscounted cash flows to the operating lease liabilities recognized on the consolidated balance sheet was as below:
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Office and production facilities rental |
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As of December 31, 2025 |
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RMB |
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US$ |
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| 2026 |
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16,576 |
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2,370 |
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| 2027 |
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14,571 |
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2,084 |
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| 2028 |
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14,141 |
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2,022 |
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| 2029 |
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12,199 |
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1,744 |
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| 2030 |
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12,427 |
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1,777 |
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| 2031 and thereafter |
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103,063 |
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14,738 |
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| Minimum lease payments |
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172,977 |
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24,735 |
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| Less: imputed interest |
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(42,453 |
) |
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(6,070 |
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| Present value of lease liabilities |
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130,524 |
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18,665 |
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| Less: Current portion |
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(16,278 |
) |
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(2,328 |
) |
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Non-current portion of lease liabilities |
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114,246 |
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16,337 |
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