INCOME TAX |
6 Months Ended | ||
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Jun. 30, 2026 | |||
| INCOME TAX | |||
| INCOME TAX |
The statutory income tax rate for the Group’s major operating entities is 25% for the six months ended June 30, 2026 and 2025. The effective income tax rate for the six months ended June 30, 2026 and 2025 was (0.44%) and (5.05%), respectively. Due to the Group’s continuous loss-making status, valuation allowance was fully provided for deferred tax assets as of June 30, 2026 and December 31, 2025. |
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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