(8) Other Current Assets Other current assets consist of the following: | | | As of
December 31,
2025 | | | As of
June 30,
2026 | | | | | RMB | | | RMB | | | Prepaid operating costs and miscellaneous daily expenses | | | 14,674 | | | | 9,258 | | | Excess input value-added tax (“VAT”) credits(i) | | | — | | | | 3,485 | | | Deferred offering costs | | | — | | | | 1,205 | | | Other | | | 135 | | | | 19 | | | | | | 14,809 | | | | 13,967 | | | (i) | The excess input VAT credits represented VAT already paid or borne by the Group’s PRC entities that are qualified as general VAT taxpayers on the goods purchased which will be utilized to offset against future output VAT when calculating the VAT payable. The VAT balance is recorded either in other current liabilities or other current assets on the consolidated balance sheets. |
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