v3.26.1
Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES

8. LEASES

 

The Group’s operating leases mainly related to various buildings. The total lease cost for the year ended December 31, 2024 and 2025 was RMB18,254 and RMB11,029, comprised of operating lease expenses of RMB16,847 and RMB9,621, and short-term lease expenses of RMB1,407 and RMB1,408, and depreciation of right-of-use assets of RMB14,802 and RMB13,310 (USD1,903), respectively.

 

Supplemental balance sheet information related to operating lease was as follows:

 

   As of December 31, 
   2024   2025 
   RMB   RMB   USD 
Operating lease right-of-use assets   43,156    37,048    5,298 
Lease liabilities – current   9,401    6,793    971 
Lease liabilities – non-current   27,902    25,491    3,645 
Total operating lease liabilities   37,303    32,284    4,616 

 

The weighted average remaining lease terms and discount rates for the operating lease as of December 31, 2024 and 2025 were as follows:

 

   As of December 31, 
   2024   2025 
         
Weighted average remaining lease term (years)   5.87    5.61 
Weighted average discount rate   4.77%   4.77%

 

The undiscounted future minimum payments under the Company’s operating lease liabilities and reconciliation to the operating lease liabilities recognized on the consolidated balance sheet was as below:

 

   As of December 31, 2025 
   RMB   USD 
2026   8,173    1,169 
2027   7,228    1,034 
2028   5,567    796 
2029   5,355    766 
2030 and after   10,294    1,471 
Total undiscounted cashflows   36,617    5,236 
Less: imputed interest   (4,333)   (620)
Present value of lease liabilities   32,284    4,616