v3.26.3
Accounts Receivable, Net
 6 Months Ended
Jun. 30, 2026
Accounts Receivable, Net [Abstract]  
Accounts receivable, net
6. Accounts receivable, net

 

Accounts receivable, net consist of the following:

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
    RMB     RMB  
Accounts receivable     790,706       762,320  
Less: allowance for credit losses     (642,786 )     (631,528 )
Accounts receivable, net     147,920       130,792  

 

No accounts receivable was pledged as of December 31, 2025 and June 30, 2026.

 

The following table presents the movement of allowance for credit losses for the six months ended June 30, 2025 and 2026:

 

    For the Six Months Ended
June 30,		  
    2025     2026  
    RMB     RMB  
Balance at the beginning of the period     640,394       642,786  
Provision/(reversal) of allowance for credit losses     946       (10,776 )
Receivables written off for the period     (9,103 )     (482 )
Balance at the end of the period     632,237       631,528  

 

The provision of allowance for credit losses was included in general and administrative expenses.