19. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed balance sheets

	As of
	December 31, 2025			June 30, 2026
	RMB			RMB			US$
ASSETS
Current assets:
Cash and cash equivalents		7,549			6,474			954
Amount due from subsidiaries		241,409			234,233			34,522
Other current assets		800			—			—
Total current assets		249,758			240,707			35,476

Non-current assets
Intangible assets		10,947			10,002			1,474
Investment in subsidiaries		(167,698	)		(163,992	)		(24,169	)
Total non-current assets		(156,751	)		(153,990	)		(22,695	)
Total assets		93,007			86,717			12,781

	As of
	December 31, 2025			June 30, 2026
	RMB			RMB			US$
LIABILITIES AND SHAREHOLDERS’ EQUITY

Accounts payable		—			—			—
Amount due to subsidiaries		9,142			8,801			1,297
Total liabilities		9,142			8,801			1,297

Shareholders’ equity:
Ordinary shares (US$0.00001428571428 par value; 3,500,000,000 and 3,500,000,000 shares authorized; 1,423,285,396 and 1,423,285,396 issued and outstanding as of December 31, 2025 and June 30, 2026, respectively)		126			126			18
Additional paid-in capital		312,339			319,058			47,023
Treasury stock		—			(50	)		(6	)
Statutory reserve		7,596			7,596			1,120
Accumulated deficit		(238,117	)		(247,847	)		(36,528	)
Accumulated other comprehensive income		1,921			(967	)		(143	)
Total shareholders’ equity		83,865			77,916			11,484
Total liabilities, shareholders’ equity		93,007			86,717			12,781

Condensed statement of comprehensive income

	For the six months ended June 30,
	2025			2026
	RMB			RMB			US$
Cost of revenues		—			(187	)		(28	)
Gross loss		—			(187	)		(28	)
Sales and marketing expenses		—			—			—
General and administrative expenses		(25	)		(8,186	)		(1,206	)
Research and development expenses		(667	)		(419	)		(62	)
Total operating expenses		(692	)		(8,605	)		(1,268	)
Operating loss		(692	)		(8,792	)		(1,296	)
Exchange gain (loss)		(1,606	)		1,245			183
Share of loss from subsidiaries and Consolidated VIEs		(18,996	)		(2,183	)		(319	)
Loss before taxes		(21,294	)		(9,730	)		(1,432	)
Income tax expense		—			—			—
Net loss		(21,294	)		(9,730	)		(1,432	)

Comprehensive loss
Net loss		(21,294	)		(9,730	)		(1,432	)
Other comprehensive loss
Foreign currency translation adjustment		(1,085	)		(2,888	)		(426	)
Total comprehensive loss		(22,379	)		(12,618	)		(1,858	)

Condensed statements of cash flows

	For the six months ended June 30,
	2025			2026
	RMB			RMB			US$
Net cash provided by (used in) operating activities		(2,784	)		7,293			1,075
Net cash used in investing activities		(917	)		—			—
Net cash provided by financing activities		3,027			50			7
Effect of exchange rate changes		—			(8,418	)		(1,241	)
Net decrease in cash and cash equivalents		(674	)		(1,075	)		(159	)
Cash and cash equivalents at beginning of year		10,995			7,549			1,113
Cash and cash equivalents at end of year		10,321			6,474			954

Basis of presentation

In the Company-only financial statements, the Company’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since inception.

The Company records its investment in its subsidiary under the equity method of accounting as prescribed in ASC 323-10, Investment-Equity Method and Joint Ventures, and such investment is presented on the balance sheets as “Investments in subsidiaries” and the share of the subsidiaries’ profit or loss is presented as “Share of profits of subsidiaries and Consolidated VIEs” on the statements of operations.

The subsidiaries did not pay any dividends to the Company for the years presented.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted and as such, these Company-only financial statements should be read in conjunction with the Company’s unaudited interim condensed consolidated financial statements.