Prepayments and Other Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of Current and Non-Current Portions of Prepayment and Other Assets | The current and non-current portions of prepayments and other assets consist of the following:
(i) The allowance for credit losses on contract assets was RMB32.6 million and RMB25.4 million (US$3.6 million) as of December 31, 2024 and 2025, respectively. The provision charged against the allowance were RMB5.4 million, RMB14.8 million for the years ended December 31, 2023 and 2024, respectively. The reversals charged against the allowance was RMB7.2 million (US$1.0 million) for the year ended December 31, 2025. No write-offs were charged against the allowance for the years ended December 31, 2023, 2024 and 2025. (ii) The allowance for credit losses on other current and non-current assets were RMB82.5 million and RMB86.9 million (US$12.4 million) as of December 31, 2024 and 2025, respectively. The reversals charged against the allowance were RMB31.2 million and RMB3.5 million for the years ended December 31, 2023 and 2024, respectively. The provisions charged against the allowance was RMB6.0 million (US$0.9 million) for the year ended December 31, 2025. The write-offs charged against the allowance were RMB16.5 million, nil and RMB1.6 million (US$0.2 million) for the years ended December 31, 2023, 2024 and 2025, respectively. (iii) Licensed copyrights prepaid assets are recognized when the Group has yet to receive the content copyrights from the counterparty under nonmonetary exchanges but the counterparty has already received the content copyrights from the Group. (iv)
Long-term restricted cash mainly represents collateral to repayments of PAG Notes (Note 14). |
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