Investments in Affiliates |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in Affiliates [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in affiliates | (8) Investments in affiliates
Investments in affiliate consist of the following:
As of December 31, 2025, investments in affiliate primarily consist of the Group’s 40% equity interest in Yanbense Food Technology (Shenzhen) Co., Ltd. and 49% equity interest in Qingdao Huiju Laixi Intelligent Technology Co., Ltd., which are accounted for using the equity method. The Group recorded an investment loss of and an investment loss of RMB1,225 in share of loss of affiliates in the consolidated statement of operations and comprehensive loss for the six months ended December 31, 2024 and 2025, respectively. No impairment has been recorded on the investments accounted for under equity method for six months ended December 31, 2024 and 2025. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||