v3.26.3
Condensed Consolidated Balance Sheets (Unaudited)
¥ in Thousands, $ in Thousands
Jun. 30, 2026
USD ($)
Jun. 30, 2026
CNY (¥)
Dec. 31, 2025
CNY (¥)
Current assets:      
Cash and cash equivalents $ 45,203 ¥ 306,709 ¥ 221,661
USDC 13 89 665
Cryptocurrency, current 348 2,357 6,035
Inventories, net 4,985 33,823 52,151
Prepayments and other current assets, net 7,895 53,568 55,063
Short-term investments 22,757 154,409 267,531
Total current assets 81,201 550,955 603,106
Non-current assets:      
Cryptocurrencies, non-current 14,570 98,859 187,607
Long-term investments 386
Property, equipment and software, net 20,445 138,722 141,581
Intangible assets, net 1,582 10,734 11,975
Operating lease right-of-use assets 13 91 1,100
Deferred tax assets 8,137 55,213 65,796
Other non-current assets 1,230 8,347 8,347
Total non-current assets 45,977 311,966 416,792
Total assets 127,178 862,921 1,019,898
Current liabilities:      
Accounts payable 30 204 3,025
Contract liabilities 2,376 16,122 16,462
Income tax payable 39
Operating lease liabilities, current 13 91 542
Provision for warranty 2 380
Accrued liabilities and other current liabilities 2,585 17,541 22,340
Total current liabilities 5,004 33,960 42,788
Non-current liabilities:      
Operating lease liabilities, non-current 558
Total non-current liabilities 558
Total liabilities 5,004 33,960 43,346
Shareholders’ equity:      
Class A and Class B ordinary shares (US$0.000001 par value; in aggregate, 50,000,000,000 shares authorized, 121,484,348 and 122,492,282 shares issued, 121,423,854 and 122,381,588 shares outstanding as of December 31, 2025 and June 30, 2026, respectively) 1 1
Subscriptions receivable from shareholders (1) (1)
Additional paid-in capital 31,962 216,867 211,276
Statutory reserves 7,659 51,968 51,968
Accumulated other comprehensive loss (813) (5,514) (1,246)
Retained earnings 83,366 565,640 714,554
Total shareholders' equity 122,174 828,961 976,552
Total liabilities and shareholders' equity $ 127,178 ¥ 862,921 ¥ 1,019,898