The
Group’s operating leases are principally for office space and facilities. As of December 31, 2025 and June 30, 2026, The
Group’s operating leases had a weighted average discount rate of 4.75%
and 4.75%
and a weighted-average remaining term of 0.9
years and 1.4
years for the six months ended June 30, 2025 and 2026, respectively. The components of lease expense were as follow:
SUMMARY OF COMPONENTS OF LEASE EXPENSE
| | |
2025 | | |
2026 | |
| | |
Six
Months ended June 30, | |
| | |
2025 | | |
2026 | |
| | |
RMB | | |
RMB | |
| | |
(unaudited) | | |
(unaudited) | |
| Lease cost | |
| | | |
| | |
| Operating lease expense | |
| 868 | | |
| 863 | |
| Short-term lease expense
(i) | |
| 71 | | |
| 186 | |
| Total
lease cost | |
| 939 | | |
| 1,049 | |
| (i) | | Includes leases
with a term of one year or less. |
Supplemental
cash flow information for leases was as follows:
SUMMARY OF SUPPLEMENTAL CASH FLOW INFORMATION FOR LEASES
| | |
Six
Months ended June 30, | |
| | |
2025 | | |
2026 | |
| | |
RMB | | |
RMB | |
| | |
(unaudited) | | |
(unaudited) | |
| Operating cash flows relating to
operating leases | |
| 790 | | |
| 830 | |
As
of June 30, 2026, the aggregate future minimum rental payments under non-cancelable agreement were as follows:
SUMMARY OF AGGREGATE FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT
| Years
ending December 31, | |
RMB | |
| Remaining in fiscal year 2026 | |
| 358 | |
| 2027 | |
| 225 | |
| 2028 | |
| 131 | |
| Total future minimum rental
payment | |
| 714 | |
| Less amount representing
imputed interest | |
| (24 | ) |
| Present
value of future minimum rental payments | |
| 690 | |
| Less current portion,
recorded in other current liabilities | |
| 453 | |
| Long-term lease liabilities,
recorded in other long-term liabilities | |
| 237 | |
|