v3.26.1
Fair Value Measurement - Schedule of Financial Assets at Fair Value (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
[1]
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Schedule of Financial Assets at Fair Value [Abstract]        
At the beginning of year ¥ 105,629 ¥ 69,129
Exchange difference of beginning balance [1]
Total gains recognized in profit or loss 3,524 [1] 504 (21,248) 36,500
Disposals [1] (84,381)
At the end of year ¥ 3,524 [1] $ 504 ¥ 105,629
[1] Fair value measurement was RMB3,524 (USD504) for the year ended December 31, 2025. The Group elected the NAV practical expedient under ASC 820-10-15-4 to measure this investment. The investment is excluded from the Level 1/2/3 fair value hierarchy. The fund’s NAV as of December 31, 2025 was HKD 8,027.23 per share (confirmed by third- party valuation). The investment has a 10-year lock-up period. The Group subscribed in May 2025 for HKD 103,950.