v3.26.3
Inventories, net
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories, net

5. Inventories, net

 

Inventories consisted of the following:

 

   December 31, 2025   June 30, 2026 
   As of     As of 
   December 31,   June 30, 
   2025   2026 
   (RMB in thousands) 
Finished goods   62,254    77,189 
Work in process   120,190    83,201 
Raw materials   26,684    18,340 
Inventories, gross   209,128    178,730 
Less: inventory provision   (156,977)   (144,907)
Inventories, net   52,151    33,823 

 

During the six months ended June 30, 2025 and 2026, the Group recorded inventory write-downs of RMB54,782,000 and RMB14,332,000 in cost of revenue, respectively.