v3.26.3
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Accounts Receivable and Contract Assets, Net

Accounts receivable and contract assets, net is analyzed as follows:

 

    As of
December 31,
2025		     As of
June 30,
2026		  
    RMB     RMB  
Accounts receivable     67,391       73,678  
Contract assets (See Note 2(r))     748,544       680,707  
Allowance for expected credit losses     (2,531 )     (1,586 )
Accounts receivable and contract assets, net     813,404       752,799  
Schedule of Group’s Allowance for Expected Credit Losses of Accounts Receivables

The following table summarizes the movement of the Group’s allowance for expected credit losses of accounts receivable and contract assets:

 

    For six months ended
June 30,		  
    2025     2026  
    RMB     RMB  
Balance at the beginning of the period     1,186       2,531  
Current period provision for expected credit losses     751       —  
Write-offs     —       (945 )
Balance at the end of the period     1,937       1,586  
Schedule of Estimated Useful Lives, Taking into Account Residual Value Depreciation are calculated using the straight-line method over the following estimated useful lives, taking into account residual value:
    Estimated
useful lives
(Years)		     Estimated
residual
value		  
Building     20-36       0 %
Office equipment, furniture and fixtures     3-5       0%-3 %
Motor vehicles     4-10       0%-3 %
Leasehold improvements     5       0 %
Schedule of Depreciation Expense Recognized in the Consolidated Statements of Income and Comprehensive Income(Loss) The following table summarizes the depreciation expense recognized in the unaudited consolidated statements of (loss) income and comprehensive (loss) income:

 

    For the six months
ended
June 30,		  
    2025     2026  
    RMB     RMB  
Selling expenses     28       20  
General and administrative expenses     2,405       2,615  
Depreciation expense     2,433       2,635  
Schedule of Estimated Useful Lives

The estimated useful lives for the Group’s intangible assets are as follows:

 

    Estimated
useful lives
(Years)		  
Software     3  
Non-compete agreements     5.8 - 6  
Agent resources     2.8 - 3  
Brokerage license     20  
Schedule of Fair Value Measurements of the Group’s Assets and Liabilities that are Measured at Fair Value on a Recurring Basis in Periods Subsequent to their Initial Recognition
          Fair Value Measurements
at Reporting Date Using		  
Description   As of
December 31,
2025		     Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  
    RMB     RMB     RMB     RMB  
Short-term investments - debt security     2,450       —       2,450       —  
Investments – equity security recorded within other current assets and other non-current assets     239,565       2,746       —       236,819  

 

          Fair Value Measurements
at Reporting Date Using		  
Description   As of
June 30, 2026		     Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  
    RMB     RMB     RMB     RMB  
Short-term investments - debt security     346       —       346       —  
Investments – equity security recorded within other current assets and other non-current assets     41,247       19       —       41,228