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:
SCHEDULE
OF CURRENT AND DEFERRED COMPONENTS
| | |
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:
SCHEDULE
OF RECONCILIATION INCOME TAX EXPENSES
| | |
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 | ) | |
| | |
| 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:
SCHEDULE
OF PER SHARES EFFECT OF TAX
| | |
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:
SCHEDULE
OF DEFERRED TAX ASSETS
| | |
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 |
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 | |
|