| Schedule of reconciliation of cash and restricted cash |
The Group’s policy requires cash, restricted cash and short-term investments to be placed with high-quality financial institutions at below locations. The Group regularly evaluates the credit standing of the counterparties or financial institutions. | | | | | | | | | | | | | As of December 31, | | As of June 30, | | 2025 | | 2026 | | Financial institutions in the Chinese mainland | | | | | – Denominated in RMB | 78,546 | | | 154,994 | | | – Denominated in US$ | 2,134 | | | 2,424 | | | – Denominated in Great Britain Pound (“GBP”) | 6 | | | 6 | | | Total balances of cash, restricted cash and short-term investments held in the Chinese mainland | 80,686 | | | 157,424 | | | Financial institutions in Hong Kong | | | | | – Denominated in US$ | 31,158 | | | 46,694 | | | – Denominated in Hong Kong Dollars (“HKD”) | 83 | | | 26 | | | – Denominated in RMB | 4 | | | 4 | | | Total balances of cash, restricted cash and short-term investments held in Hong Kong | 31,245 | | | 46,724 | | | Financial institutions in Sweden | | | | | – Denominated in Euro | 6,735 | | | 425 | | | – Denominated in Swedish Krona (“SEK”) | 3,429 | | | 4,311 | | | – Denominated in US$ | — | | | 1 | | | Total balances of cash, restricted cash and short-term investments held in Sweden | 10,164 | | | 4,737 | | | Total balances of cash, restricted cash and short-term investments held at financial institutions in other jurisdictions | 2,319 | | | 3,224 | | | Total balances of cash, restricted cash and short-term investments held at financial institutions | 124,414 | | | 212,109 | | | Cash on hand | — | | | — | | | Total balances of cash, restricted cash and short-term investments | 124,414 | | | 212,109 | |
A reconciliation of cash and restricted cash in the unaudited condensed consolidated balance sheets to the amounts in the unaudited condensed consolidated statements of cash flows is as follows:
| | | | | | | | | | | | | As of December 31, | | As of June 30, | | 2025 | | 2026 | | Cash at banks | 87,118 | | | 156,157 | | | Restricted cash | 6,138 | | | 9,258 | | | Cash and restricted cash shown in the unaudited condensed consolidated statements of cash flows | 93,256 | | | 165,415 | |
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| Schedule of restrictions on cash and cash equivalents |
The Group’s policy requires cash, restricted cash and short-term investments to be placed with high-quality financial institutions at below locations. The Group regularly evaluates the credit standing of the counterparties or financial institutions. | | | | | | | | | | | | | As of December 31, | | As of June 30, | | 2025 | | 2026 | | Financial institutions in the Chinese mainland | | | | | – Denominated in RMB | 78,546 | | | 154,994 | | | – Denominated in US$ | 2,134 | | | 2,424 | | | – Denominated in Great Britain Pound (“GBP”) | 6 | | | 6 | | | Total balances of cash, restricted cash and short-term investments held in the Chinese mainland | 80,686 | | | 157,424 | | | Financial institutions in Hong Kong | | | | | – Denominated in US$ | 31,158 | | | 46,694 | | | – Denominated in Hong Kong Dollars (“HKD”) | 83 | | | 26 | | | – Denominated in RMB | 4 | | | 4 | | | Total balances of cash, restricted cash and short-term investments held in Hong Kong | 31,245 | | | 46,724 | | | Financial institutions in Sweden | | | | | – Denominated in Euro | 6,735 | | | 425 | | | – Denominated in Swedish Krona (“SEK”) | 3,429 | | | 4,311 | | | – Denominated in US$ | — | | | 1 | | | Total balances of cash, restricted cash and short-term investments held in Sweden | 10,164 | | | 4,737 | | | Total balances of cash, restricted cash and short-term investments held at financial institutions in other jurisdictions | 2,319 | | | 3,224 | | | Total balances of cash, restricted cash and short-term investments held at financial institutions | 124,414 | | | 212,109 | | | Cash on hand | — | | | — | | | Total balances of cash, restricted cash and short-term investments | 124,414 | | | 212,109 | |
A reconciliation of cash and restricted cash in the unaudited condensed consolidated balance sheets to the amounts in the unaudited condensed consolidated statements of cash flows is as follows:
| | | | | | | | | | | | | As of December 31, | | As of June 30, | | 2025 | | 2026 | | Cash at banks | 87,118 | | | 156,157 | | | Restricted cash | 6,138 | | | 9,258 | | | Cash and restricted cash shown in the unaudited condensed consolidated statements of cash flows | 93,256 | | | 165,415 | |
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