v3.26.3
Income taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of components of provisions for income tax (expense)/benefit

The components of provisions for income tax (expense)/benefit for the periods presented were as follows:

 

       
   For the six months ended June 30, 
   2025   2026 
   (RMB in thousands) 
Current income tax expense/(benefit)   458    (5)
Deferred income tax expense/(benefit)   (5,859)   10,583 
Income tax expense/(benefit)   (5,401)   10,578 
Schedule of income tax assets and liabilities

Deferred income tax assets and liabilities consisted of the following:

 

       
     As of     As of 
   December 31,   June 30, 
   2025   2026 
   (RMB in thousands) 
Deferred tax assets:          
Accrued expenses and others   288    129 
Inventory provision   35,313    32,204 
Impairment on prepayments   72    70 
Impairment of long-lived assets   47    46 
Product warranty   57    — 
Intercompany unrealized profit   4,506    4,640 
Net operating loss carryforward   28,066    43,725 
Total deferred tax assets before valuation allowance   68,349    80,814 
Valuation allowance   (1,079)   (23,606)
Total deferred tax assets   67,270    57,208 
Deferred tax liabilities:          
Unrealized gain and accrued interest income on investments   (290)   (256)
Accelerated tax depreciation   (1,184)   (1,739)
Total deferred tax liabilities   (1,474)   (1,995)
Deferred tax assets, net   65,796    55,213