v3.26.3
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases

(10) Leases

 

The Group’s lease for office space includes only fixed rental payments with no variable lease payment terms. As of December 31, 2025 and June 30, 2026, there were no leases that have not yet commenced.

 

The following represents the aggregate ROU assets and related lease liabilities as of December 31, 2025 and June 30, 2026:

.

    As of
December 31,
2025		     As of
June 30,
2026		  
    RMB     RMB  
Operating lease ROU assets     33,589       26,183  
Current operating lease liabilities     15,308       12,217  
Non-current operating lease liabilities     15,463       11,628  
Total operating lease liabilities     30,771       23,845  

 

The weighted average lease term and discount rate as of December 31, 2025 and June 30, 2026 were as follows: 

 

    As of
December 31,
2025		     As of
June 30,
2026		  
Weighted average lease term:            
Operating leases     2.66 years       2.44 years  
Weighted average discount rate:                
Operating leases     2.88 %     2.92 %

 

The components of lease expenses for the six months ended June 30, 2025 and 2026 were as follows: 

 

  For the six months ended
June 30,
  2025   2026
  RMB   RMB
Operating lease expense   12,008         5,723
Short term lease expense   1,998         2,091
Total   14,006         7,814

 

 

Maturities of lease liabilities at June 30, 2026:

 

    Minimum Lease
Payment		  
    RMB  
Years ending June 30:      
2027     12,801  
2028     7,410  
2029     3,402  
2030     1,176  
Total remaining undiscounted lease payments     24,789  
Less: Interest     944  
Total present value of lease liabilities     23,845  
Less: Current operating lease liabilities     12,217  
Non-current operating lease liabilities     11,628