v3.26.3
INCOME TAX EXPENSES (Tables)
6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF CURRENT AND DEFERRED COMPONENTS

The current and deferred components of income taxes appearing in the unaudited condensed consolidated statements of comprehensive income (loss) are as follows:

  

   2025   2026 
   Six Months ended June 30, 
   2025   2026 
   RMB   RMB 
   (unaudited)   (unaudited) 
Current tax expenses   18,520    3,836 
Deferred tax benefits   (1,514)   (13,322)
Income tax expenses (benefits)   17,006    (9,486)
SCHEDULE OF RECONCILIATION INCOME TAX EXPENSES

Reconciliation between the income tax expenses (benefits) computed by applying the PRC enterprise tax rate to income (loss) before income taxes and actual provision were as follows:

  

   2025   2026 
   Six Months ended June 30, 
   2025   2026 
   RMB   %   RMB   % 
   (unaudited)   (unaudited) 
Income (loss) from operations in the PRC   128,325         (30,186)     
Income (loss) from overseas entities   9,209         (6,067)     
Income (loss) before income tax   137,534         (36,253)     
Tax expenses (benefits) from overseas entities at PRC enterprise income tax rate   34,384    25.0%   (9,063)   25.0%
Effect of income tax in jurisdictions other than the PRC   (2,285)   (1.7)%   561    (1.5)%
                     
Nontaxable or nondeductible items                    
Income tax on tax holiday   (14,993)   (10.9)%   3,406    (9.4)%
Tax effect of permanent differences   (7,050)   (5.1)%   (9,209)   25.4%
                     
Change in valuation allowance   5,876    4.3%   3,818    (10.5)%
Effect of share-based compensation   1,074    0.8%   1,001    (2.8)%
Income tax expenses (benefits)   17,006    12.4%   (9,486)   26.2%
SCHEDULE OF PER SHARES EFFECT OF TAX

The per share effect of the tax holidays were as follows:

 

   2025   2026 
   Six Months ended June 30, 
   2025   2026 
   RMB   RMB 
   (unaudited)   (unaudited) 
Net income (loss) per share effect–basic   0.07    (0.02)
Net income (loss) per share effect–diluted   0.07    (0.02)
SCHEDULE OF DEFERRED TAX ASSETS

The significant components of the Group’s deferred tax assets were as follows:

  

   As of December 31,   As of June 30, 
   2025   2026 
   RMB   RMB 
       (unaudited) 
Net operating loss carry forwards   49,541    66,838 
Accrued expenses and others   8,343    8,161 
Inventories write downs   120    154 
Deferred income   28    19 
Total deferred tax assets   58,032    75,172 
Less: valuation allowance   (49,617)   (53,435)
Deferred tax assets, net   8,415    21,737 
SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE

  

   2025   2026 
   Six Months ended June 30, 
   2025   2026 
   RMB   RMB 
   (unaudited)   (unaudited) 
Balance at beginning of the period   40,032    49,617 
Provided   5,876    3,818 
Balance at end of the period   45,908    53,435