The following table sets forth the basic and diluted net loss per share computation and provides a reconciliation of the numerator and denominator for the periods presented: | | | For the Six Months Ended
June 30, | | | | | 2025 | | | 2026 | | | | | RMB | | | RMB | | | Numerator: | | | | | | | | Net loss | | | (39,182 | ) | | | (34,484 | ) | | Net loss attributable to non-controlling interests | | | (1,063 | ) | | | (447 | ) | | Numerator for basic and diluted net loss per share calculation | | | (38,119 | ) | | | (34,037 | ) | | Denominator: | | | | | | | | | | Denominator for basic net loss per share-weighted average ordinary shares outstanding | | | 3,010,123 | * | | | 38,548,413 | | | Adjustments for dilutive convertible promissory note | | | 931,143 | * | | | — | | | Denominator for diluted net loss per share-weighted average ordinary shares outstanding | | | 3,941,266 | * | | | 38,548,413 | | | Net loss per ordinary share | | | | | | | | | | -Basic | | | (12.66 | )* | | | (0.88 | ) | | -Diluted | | | (9.67 | )* | | | (0.88 | ) | | * | Retrospectively restated to reflect the 2025 Share Consolidation. | The potentially dilutive securities that have not been included in the calculation of diluted net loss per share as their inclusion would be anti-dilutive or immaterial to the net loss per share are as follows: | | | As of
December 31, | | | As of
June 30, | | | | | 2025 | | | 2026 | | | | | RMB | | | RMB | | | Share options to employees (Note 17) | | | 724 | | | | 628 | | | Total | | | 724 | | | | 628 | |
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