v3.26.1
Property and Equipment
12 Months Ended
Dec. 31, 2025
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

   As of December 31, 
   2024   2025 
   RMB   RMB   USD 
Leasehold improvement   145,720    64,521    9,225 
Furniture and office equipment   2,182    1,972    282 
Electronic equipment   9,893    9,893    1,415 
Vehicles   2,696    2,613    374 
Less: accumulated depreciation   (13,188)   (17,135)   (2,450)
Property and equipment, net   147,303    61,864    8,846 

 

As of December 31, 2025, leasehold improvements decreased by approximately RMB81 million, primarily attributable to disposals following the transfer of school trusteeship rights for five schools completed in December 2025.

 

Depreciation of property and equipment was RMB8,317, RMB10,070 and RMB11,456 for the years ended December 31, 2023, 2024 and 2025, respectively.