v3.26.3
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
LEASES

6. LEASES

 

The Group’s operating leases mainly related to various buildings. The total lease cost for the six months ended June 30, 2025 and 2026 was RMB7,453 and RMB8,375, comprised of operating lease expenses of RMB6,995 and RMB7,706, and short-term lease expenses of RMB458 and RMB669 respectively.

 

Supplemental balance sheet information related to operating lease was as follows:

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
    RMB     RMB     USD  
Operating lease right-of-use assets     37,048       35,833       5,261  
Lease liabilities – current     6,793       6,823       1,002  
Lease liabilities – non-current     25,491       25,706       3,774  
Total operating lease liabilities     32,284       32,529       4,776  

 

The weighted average remaining lease terms and discount rates for the operating lease as of December 31, 2025 and June 30, 2026 were as follows:

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
Weighted average remaining lease term (years)     5.61       5.03  
Weighted average discount rate     4.77 %     4.77 %

 

The undiscounted future minimum payments under the Company’s operating lease liabilities and reconciliation to the operating lease liabilities recognized on the consolidated balance sheet was as below:

 

    As of June 30, 2026  
    RMB     USD  
2026     5,953       874  
2027     8,584       1,260  
2028     6,646       976  
2029     5,466       803  
2030 and after     10,294       1,511  
Total undiscounted cashflows     36,943       5,424  
Less: imputed interest     (4,414 )     (648 )
Present value of lease liabilities     32,529       4,776