Operating Leases

6 Months Ended

Jun. 30, 2026

11. Operating leases

The Company entered into various operating lease agreements for offices space. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following component of lease cost are included in the Company’s unaudited consolidated statements of operations and comprehensive income (loss):

	For the six months ended June 30, 2025		For the six months ended June 30, 2026
	(Unaudited) RMB		(Unaudited) RMB
Operating lease cost		722,427		699,002
Short-term lease cost		45,425		123,600
Total lease cost		767,852		822,602

Supplemental disclosure related to operating leases were as follows:

	For the six months ended June 30, 2025		For the six months ended June 30, 2026
	(Unaudited) RMB		(Unaudited) RMB
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases		771,553		602,088

	As of December 31, 2025			As of June 30, 2026
				(Unaudited)
Weighted average remaining lease term of operating leases (years)		2.83			2.73
Weighted average discount rate of operating leases		6.24	%		6.24	%

The following table summarizes the maturity of operating lease liabilities as of June 30, 2026:

Years Ended December 31,	Lease Payment
	(Unaudited)
	RMB
Remaining of 2026		1,222,839
2027		2,458,767
2028		1,863,223
2029		630,567
Thereafter		—
Total lease payments		6,175,396
Less: imputed interest		(386,425	)
Total lease liabilities		5,788,971
Less: current portion		(2,372,382	)
Non-current lease liabilities		3,416,589