v3.26.3
Interim Condensed Consolidated Balance Sheets (Unaudited) - CNY (¥)
¥ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents ¥ 131,730 ¥ 144,511
Restricted cash 41,779 5,000
Short-term investments 226 226
Accounts receivable, net 665,931 1,145,752
Prepayments and other current assets 64,256 60,059
Total current assets 918,225 1,355,548
Non-current assets:    
Restricted cash 21,086
Property, equipment and leasehold improvement, net 893 831
Intangible assets, net 2,800 3,850
Right-of-use assets 5,016 6,453
Goodwill 84,609 84,609
Other non-current assets 1,981 2,477
Total non-current assets 95,299 119,306
TOTAL ASSETS 1,013,524 1,474,854
Current liabilities    
Accounts payable 430,847 842,728
Short-term borrowings 98,190 80,500
Contract liabilities 1,238 1,044
Salary and welfare benefits payable 79,321 83,686
Tax payable 18,320 22,657
Accrued expenses and other current liabilities 20,167 19,206
Short-term lease liabilities 3,510 4,727
Total current liabilities 704,542 1,105,174
Non-current liabilities    
Deferred tax liabilities 700 963
Long-term lease liabilities 604 801
Long-term borrowings 9,800
Deferred revenue 1,432 1,432
Warrant 1,544 1,512
Total non-current liabilities 4,280 14,508
TOTAL LIABILITIES 708,822 1,119,682
SHAREHOLDERS’ EQUITY:    
Ordinary shares, value [1] 6 6
Treasury stock (1,025) (1,025)
Additional paid-in capital 2,553,093 2,550,197
Accumulated deficit (2,236,903) (2,192,846)
Accumulated other comprehensive loss (10,469) (1,160)
TOTAL SHAREHOLDERS’ EQUITY: 304,702 355,172
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,013,524 1,474,854
Related Party [Member]    
Current assets:    
Amounts due from related parties 14,303
Current liabilities    
Amounts due to a related party ¥ 52,949 ¥ 50,626
[1] The shares and per share information are presented on a retroactive basis to reflect the Share Consolidation on July 20, 2026 (Note 15).