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

 

Revenue consists of the following:

 

    For the Six Months Ended
June 30,
 
    2025     2026  
    RMB     RMB  
Base commission from transactions     195,379       108,879  
Innovation initiatives and other value-added services     8,015       6,866  
Total     203,394       115,745  

 

For the six months ended June 30, 2025 and 2026, substantially all revenues of the Group are derived from the PRC, no geographical segments are presented.

 

Innovation initiatives and other value-added services primarily consist of asset management services, parking space transaction services, income from software as a service (“SaaS”) platform participants and revenue from other value-added services rendered to the Registered Agents and market participants.

 

The following table summarized the Group’s revenues recognized at a point in time or over time:

 

    For the Six Months Ended
June 30,
 
    2025     2026  
    RMB     RMB  
Timing of Revenue Recognition:            
Services transferred at a point in time     198,374       112,554  
Services transferred over time     4,341       3,028  
Goods transferred at a point in time     679       163  
      203,394       115,745