v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Assets Measured or Disclosed at Fair Value on a Recurring Basis
Assets measured or disclosed at fair value on a recurring basis as of December 31, 2024 and 2025 are summarized below:
 
    
Fair Value Measurements as of December 31, 2024 using
 
    
Quoted Price in
Active Market
for Identical
Assets
    
Significant
Other
Observable
Inputs
    
Unobservable
Inputs
    
Total
 
    
(Level 1)
    
(Level 2)
    
(Level 3)
    
fair value
 
    
RMB
    
RMB
    
RMB
    
RMB
 
Fair value measurement
s
           
Derivative assets
– foreign exchange forward contracts
     —         8        —         8  
Short-term investments
     119,928        393,755        —         513,683  
Debt security investment
     —         —         2,348        2,348  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total asset
s
measured at fair value
  
 
119,928
 
  
 
393,763
 
  
 
2,348
 
  
 
516,039
 
  
 
 
    
 
 
    
 
 
    
 
 
 
 
    
Fair Value Measurements as of December 31, 2025 using
 
    
Quoted Price in
Active Market
for Identical
Assets
    
Significant
Other
Observable
Inputs
    
Unobservable
Inputs
    
Total
 
    
(Level 1)
    
(Level 2)
    
(Level 3)
    
fair value
 
    
RMB
    
RMB
    
RMB
    
RMB
 
Fair value measurement
s
           
Derivative assets
– foreign exchange forward contracts
            314               314  
Short-term investments
     224,327        618,905               843,232  
Debt security investment
                   14,687        14,687  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total asset
s
measured at fair value
  
 
224,327
 
  
 
619,219
 
  
 
14,687
 
  
 
858,233