v3.26.3
Organization and Principal Activities (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Consolidated Financial Statements

The following unaudited interim condensed consolidated financial information of the VIE after the elimination of inter-company transactions between the VIE and its subsidiaries as of December 31, 2025 and June 30, 2026 and for the six months ended June 30, 2025 and 2026 was included in the accompanying unaudited interim condensed consolidated financial statements of the Group as follows:

 

  Schedule of Consolidated Financial Statements

   As of December 31,   As of June 30, 
   2025   2026 
   RMB   RMB 
ASSETS          
Current assets:          
Cash and cash equivalents   54,927    68,824 
Restricted cash   5,000    5,000 
Short-term investment   226    226 
Accounts receivable, net   821,560    529,868 
Prepayments and other current assets   53,827    56,710 
Amounts due from intra-Group companies   2,949    2,912 
Total current assets   938,489    663,540 
Non-current assets:          
Property, equipment and leasehold improvement, net   777    854 
Intangible assets, net   3,850    2,800 
Right-of-use assets   6,453    5,016 
Goodwill   84,609    84,609 
Total non-current assets   95,689    93,279 
TOTAL ASSETS   1,034,178    756,819 
LIABILITIES          
Current liabilities:          
Accounts payable   622,496    354,982 
Short-term borrowings   39,800    29,900 
Contract liabilities   3    3 
Salary and welfare benefits payable   64,127    59,610 
Tax payable   12,099    13,589 
Amounts due to related party   50,626    52,949 
Accrued expenses and other current liabilities   13,028    14,610 
Short-term lease liabilities   4,727    3,510 
Amounts due to intra-Group companies   196,798    239,408 
Total current liabilities   1,003,704    768,561 
Non-current liabilities:          
Deferred tax liabilities   963    700 
Long-term lease liabilities   801    604 
Deferred revenue   1,432    1,432 
Amounts due to intra-Group companies   225,128    220,256 
Total non-current liabilities   228,324    222,992 
TOTAL LIABILITIES (without recourse to the primary beneficiary)   1,232,028    991,553 
Schedule of Operation

   2025   2026 
   For the six months ended 
   June 30, 
   2025   2026 
   RMB   RMB 
Net revenues          
- earned from external parties   1,113,412    839,667 
- earned from intra-Group companies   4,717    - 
Total revenues   1,118,129    839,667 
Cost of revenues and operating expenses          
- arising from external parties transactions   (1,127,327)   (873,735)
- arising from intra-Group transactions   (19,607)   (10,153)
Total cost of revenues and operating expenses   (1,146,934)   (883,888)
Net loss   (30,244)   (39,756)
Schedule of Cash Flow

   2025   2026 
   For the six months ended 
   June 30, 
   2025   2026 
   RMB   RMB 
Cash flows from operating activities:          
Net cash (used in)/generated from transactions with intra-Group companies   (60,601)   31,908 
Net cash generated from/(used in) transactions with external parties   48,915    (7,890)
Net cash (used in)/generated from operating activities   (11,686)   24,018 
Net cash generated from/(used in) transactions with external parties   3,060    (221)
Net cash generated from/(used in) investing activities   3,060    (221)
Net cash used in transactions with intra-Group companies   (3,457)   - 
Net cash generated from/(used in) transactions with external parties   19,876    (9,900)
Net cash generated from/(used in) financing activities   16,419    (9,900)
Net increase in cash and cash equivalents   7,793    13,897