v3.26.1
Condensed Financial Information of the Parent Company
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information of the Parent Company [Abstract]  
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

27. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

 

The ultimate holding company of the Group was Youlife International Holdings Inc. in 2024. Following the Business Combination on July 9, 2025, the ultimate holding company became Youlife Group Inc.

 

The table below presents the standalone financial information of the parent company at each reporting date:

 

(1) CONDENSED STATEMENTS OF FINANCIAL POSITION OF THE COMPANY

 

   As of December 31, 
   2024   2025 
   RMB   RMB   USD 
ASSETS            
Current assets            
Cash and bank equivalents   84    82    12 
Prepayments, other receivables and other assets   228,170    52,616    7,524 
Total current assets   228,254    52,698    7,536 
Investments in subsidiaries   341,332    681,562    97,463 
Total non-current assets   341,332    681,562    97,463 
Total assets   569,586    734,260    104,999 
Commitments and Contingencies   
 
         
 
 
                
SHAREHOLDERS’ EQUITY               
Ordinary shares (US$0.0001 par value; 500,000,000 shares authorized as at December 31, 2024 and December 31, 2025; 70,000,000 shares and 76,048,501 shares issued and outstanding as at December 31, 2024 and December 31, 2025, respectively)   51    55    8 
Treasury shares   (31)   (31)   (4)
Additional paid-in capital   1,181,993    1,303,581    186,410 
Statutory surplus reserve   9,367    10,531    1,506 
Accumulated losses   (621,794)   (579,876)   (82,921)
Total equity   569,586    734,260    104,999 

(2) CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME OF THE COMPANY

 

   For the Year Ended December 31, 
   2023   2024   2025 
   RMB   RMB   RMB   USD 
Administrative expenses   (9,628)   (9,348)   (1,480)   (212)
Financial expense, net   (508)   (13)   (3,564)   (510)
Share of income/(loss) of subsidiaries   109,401    (43,015)   47,754    6,828 
PROFIT/(LOSS) BEFORE TAX   99,265    (52,376)   42,710    6,106 
Income tax expenses   (2)   
-
    
-
    
-
 
Net profit/(loss) for the year   99,263    (52,376)   42,710    6,106 
Net profit attribute to ordinary shareholders   99,263    (52,376)   42,710    6,106 
Net profit attribute to non-controlling interests   2,217    12    (372)   (53)
Comprehensive income/(loss)   97,046    (52,388)   43,082    6,159 

 

Condensed Statements of Cash Flows

 

   For the Year Ended December 31, 
   2023   2024   2025 
   RMB   RMB   RMB   USD 
Net cash (used in) generated from operating activities   (8,775)   8,911    (37,400)   (5,348)
Net cash flows used in investing activities   
-
    
-
    (98,512)   (14,087)
Net cash used in financing activities   (9,498)   (9,348)   136,045    19,454 
Exchange rate effect on cash and cash equivalents   (501)   (2)   (51)   (7)
Net (decrease) increase in cash and cash equivalents   (18,774)   (439)   82    12 
Cash and cash equivalents at beginning of the year   19,297    523    
-
    
-
 
Cash and cash equivalents at end of the year   523    84    82    12 

 

Basis of presentation

 

For the presentation of the parent company only condensed financial information, the Company records its investments in subsidiaries under the equity method of accounting as prescribed in ASC 323. Such investments are presented on the condensed balance sheets as “Investments in subsidiaries” and the subsidiaries’ losses and incomes as “Share of (loss)/income of subsidiaries” on the condensed statements of comprehensive (loss)/income.

 

Under PRC rules and regulations, all subsidiaries of the Company in the PRC are required to appropriate 10% of their net income to a statutory surplus reserve until the reserve balance reaches 50% of their registered capital. The appropriation to this statutory surplus reserve must be made before distribution of dividends can be made. The statutory reserve is non-distributable, other than during liquidation, and can be used to fund previous years losses, if any, and may be converted into share capital by issuing new shares to existing shareholders in proportion to their shareholders or by increasing the par value of the shares currently outstanding, provided that the remaining balance of the statutory reserve after such issue is not less than 25% of the registered capital. The restriction amounted to RMB552,845 (USD79,056) as of December 31, 2025.

 

The subsidiaries did not pay any dividends to the Company for the periods presented.

 

The Company does not have significant commitments or long-term obligations as of the period end other than those presented.

 

The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.