v3.26.3
Right-of-Use Assets
 6 Months Ended
Jun. 30, 2026
Schedule of Information Related to Operating Leases [Abstract]  
RIGHT-OF-USE ASSETS

6. RIGHT-OF-USE ASSETS

 

The Company has several operating leases for offices. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

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

  

    As of
December 31,		     As of
June 30,		  
    2025     2026     2026  
    RMB     RMB     US$  
Right-of-use assets, net     14,695       21,262       3,134  
                         
Operating lease liabilities - current     3,641       6,273       925  
Operating lease liabilities - non-current     10,399       14,185       2,091  
Total operating lease liabilities     14,040       20,458       3,016  

 

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

 

    As of
December 31,		     As of
June 30,		  
    2025     2026  
Remaining lease term and discount rate:            
Weighted average remaining lease term (years)     3.92       3.3  
Weighted average discount rate (%)     4.70       3.6  

 

Information related to operating lease activities for the six months ended June 30, 2025 and 2026 is set forth below:

 

    For the six months ended June 30,  
    2025     2026     2026  
    RMB     RMB     US$  
Operating lease right-of-use assets obtained in exchange for lease liabilities     16,442       9,564       1,410  
                         
Operating lease expense                        
Amortization of right-of-use assets     3,492       2,997       442  
Interest of lease liabilities     280       276       41  
Total operating lease expense     3,772       3,273       483  

 

The following is a schedule of maturities of lease liabilities as of June 30, 2026:

 

    RMB     US$  
Twelve months ending June 30,            
2027     6,882       1,014  
2028     6,955       1,025  
2029     5,914       872  
2030     1,860       275  
Total future minimum lease payments     21,611       3,186  
Less: imputed interest     (1,153 )     (170 )
Present value of lease liabilities     20,458       3,016