v3.26.3
Related Party Balance and Transactions
6 Months Ended
Jun. 30, 2026
Related Party Balance and Transactions [Abstract]  
Related party balance and transactions
22. Related party balance and transactions

 

(a) Related parties

 

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control. Related parties may be individuals or corporate entities.

 

The table below sets forth major related parties of the Group and their relationships with the Group:

 

Entity or individual name   Relationship with the Group
Mr. Xi Zeng   Chairman of the board of directors and chief executive officer of the Group
ZX International Ltd.   A company that is controlled by the chief executive officer of the Group
Gefei Chengyun   A limited partnership (“LP”) that the Group has significant influence in
Jiushen and an LP it controls (“Jiushen Group”)   A group that the Group has significant influence in
Shanghai Chongkai Enterprise Management Center (General Partnership) (“Chongkai”)   A general partnership which management or operating policies significantly influenced by the founders and/or management of the Group
Jiuchuan   An LP that the Group has significant influence in
Longshu Tianye   An LP that the Group has significant influence in
Yunde   An LP that the Group has significant influence in
Deyan   An LP that the Group has significant influence in
Detong   An LP that the Group has significant influence in
Derong   An LP that the Group has significant influence in
Jiushi   An LP that the Group has significant influence in
Jiaxinda   An LP that the Group has significant influence in
Chunyu   An LP that the Group has significant influence in
Suzhou Tinghaozhu (Note (ii))   A company that the Group has significant influence in
Shanghai Nuancheng   A company that the Group has significant influence in
Duoduo Robot and its subsidiaries (“Duoduo Robot Group”)   A group that the Group has significant influence in
Shanghai Youxi (Note (i))   A company that the Group has significant influence in
Duo Concierge (Note (iii))   A company that the Group has significant influence in

 

(i) Shanghai Youxi was considered as a related party of the Group from March 24, 2025. Transactions between the Group and Shanghai Youxi after March 24, 2025 are disclosed as related party transactions.

 

(ii) Suzhou Tinghaozhu was considered as a related party of the Group from October 31, 2024. In May 2025, the Group completed the acquisition of Suzhou Tinghaozhu and it became a consolidated subsidiary of the Group. Transactions between the Group and Suzhou Tinghaozhu from the period of November 1, 2024 and May 6, 2025 are disclosed as related party transactions.

 

(iii) Duo Concierge was considered as a related party of the Group from November 21, 2024. In April 2026, the Group completed the acquisition of Duo Concierge and it became a consolidated subsidiary of the Group. Transactions between the Group and Duo Concierge from the period of November 21, 2024 and April 1, 2026 are disclosed as related party transactions.

 

(b) Transactions with related parties

 

    For the Six Months Ended
June 30,
 
    2025     2026  
    RMB     RMB  
Services provided to related parties            
Duoduo Robot Group     55       —  
Shanghai Nuancheng     57       —  
Shanghai Youxi     75       —  
Total     187       —  

 

(c) Balances with related parties

 

As of December 31, 2025 and June 30, 2026, the Group had the following balances with related parties:

 

    As of
December 31,
    As of
June 30,
 
    2025     2026  
    RMB     RMB  
Amounts due from related parties            
Accounts receivables            
Shanghai Nuancheng     180       240  
Duoduo Robot Group     395       475  
Shanghai Youxi     167       227  
      742       942  
Other receivables                
Duoduo Robot Group     3,720       3,720  
Shanghai Nuancheng     8       8  
Duo Concierge (Note 22(a))     355       Not applicable  
Mr. Xi Zeng     2,022       2,639  
ZX International Ltd.     162       —  
      6,267       6,367  
Total     7,009       7,309