Short-term Investments (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Summary of Short Term Investments

Short-term investments as of December 31, 2024 and 2025 consisted of the following:

As of December 31, 2024

Cost

Gross
unrealized gains

Gross

unrealized losses

Foreign currency
exchange gains

Fair value
carrying amount

RMB

RMB

RMB

RMB

RMB

Wealth management products

503,733

4,885

—

5,065

513,683

As of December 31, 2025

Cost

Gross
unrealized gains

Gross

unrealized losses

Foreign currency
exchange losses

Fair value
carrying amount

RMB

RMB

RMB

RMB

RMB

Wealth management products

824,564

36,290

—

(17,622

)

843,232