v3.26.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
8.
INTANGIBLE ASSETS, NET

The following tables present the Company’s intangible assets with definite lives as of the respective balance sheet dates:

 

 

December 31, 2025

 

 

Gross Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

 

(in thousands)

 

Technologies

 

 

202,100

 

 

 

(202,100

)

 

 

—

 

 

 

—

 

Trademarks

 

 

175,308

 

 

 

(121,828

)

 

 

53,480

 

 

 

7,648

 

Database

 

 

73,500

 

 

 

(73,500

)

 

 

—

 

 

 

—

 

Customer relationship

 

 

46,900

 

 

 

(46,900

)

 

 

—

 

 

 

—

 

Domain names

 

 

3,044

 

 

 

(2,861

)

 

 

183

 

 

 

26

 

Licensing agreements

 

 

2,716

 

 

 

(2,710

)

 

 

6

 

 

 

1

 

 

 

 

503,568

 

 

 

(449,899

)

 

 

53,669

 

 

 

7,675

 

 

 

December 31, 2024

 

 

Gross Carrying Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

 

RMB

 

 

RMB

 

 

RMB

 

 

(in thousands)

 

Technologies

 

 

202,100

 

 

 

(161,680

)

 

 

40,420

 

Trademarks

 

 

175,308

 

 

 

(111,138

)

 

 

64,170

 

Database

 

 

73,500

 

 

 

(58,800

)

 

 

14,700

 

Customer relationship

 

 

46,900

 

 

 

(38,640

)

 

 

8,260

 

Domain names

 

 

3,050

 

 

 

(2,797

)

 

 

253

 

Licensing agreements

 

 

2,784

 

 

 

(2,770

)

 

 

14

 

 

 

503,642

 

 

 

(375,825

)

 

 

127,817

 

 

The Company acquired TTP on December 31, 2020 and identified the intangible assets of technologies, trademarks, customer relationship and database. The intangible assets are amortized using the straight-line method, which is the Company’s best estimate of how these assets will be economically consumed over their respective estimated useful lives ranging from approximately 2 to 15 years. Amortization expense was RMB76.69 million, RMB74.34 million and RMB74.15 million (US$10.60 million) for the years ended December 31, 2023, 2024 and 2025, respectively.

 

The annual estimated amortization expenses for the acquired intangible assets for each of the next five years are as follows:

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

 

(in thousands)

 

Amortization expenses

 

 

10,738

 

 

 

10,733

 

 

 

10,729

 

 

 

10,729

 

 

 

10,729