v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
Summary of the share options activities

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Weighted

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Weighted

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average

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average

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remaining

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Aggregate

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Number of

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 exercise

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contractual

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intrinsic 

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  ​ ​ ​

shares

  ​ ​ ​

price

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years

  ​ ​ ​

value

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US$

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US$

Outstanding at January 1, 2025

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3,753,328

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2.45

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3.65

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792,578

Exercised

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(115,220)

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0.20

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—

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Expired

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(140)

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0.20

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—

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—

Outstanding at December 31, 2025

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3,637,968

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2.52

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2.72

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1,347,928

Exercisable as of December 31, 2025

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3,637,968

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2.52

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2.72

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1,347,928

Summary of the restricted share units activities

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Weighted

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average grant

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Number of

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date fair

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shares

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value

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US$

Unvested as of January 1, 2025

 

2,753,342

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2.05

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Granted

 

6,339,600

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0.89

Vested

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(1,023,514)

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3.11

Forfeited

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(398,900)

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1.15

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Unvested as of December 31, 2025

 

7,670,528

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1.00

Schedule of share-based compensation expenses recognized

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For the Year Ended

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December 31,

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2023

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2024

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2025

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RMB

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RMB

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RMB

Cost of revenues

 

1,237,902

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751,445

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858,055

Selling and marketing expenses

 

9,991,688

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7,110,420

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5,396,473

Research and development expenses

 

21,653,946

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7,325,327

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9,890,499

General and administrative expenses

 

14,775,768

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9,045,786

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11,586,370

Total share-based compensation expense

 

47,659,304

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24,232,978

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27,731,397

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Employee Stock Option  
SHARE-BASED COMPENSATION  
Schedule of share-based compensation expenses recognized

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For the Year Ended

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December 31, 

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  ​ ​ ​

2023

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RMB

Selling and marketing expenses

 

905,764

Research and development expenses

 

2,191,242

General and administrative expenses

 

3,047,542

Total share options compensation expenses

 

6,144,548

Unvested restricted share units  
SHARE-BASED COMPENSATION  
Schedule of share-based compensation expenses recognized

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For the Year Ended

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December 31, 

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2023

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2024

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2025

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RMB

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RMB

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RMB

Cost of revenues

 

1,237,902

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751,445

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858,055

Selling and marketing expenses

 

9,085,924

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7,110,420

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5,396,473

Research and development expenses

 

19,462,704

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7,325,327

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9,890,499

General and administrative expenses

 

11,728,226

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9,045,786

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11,586,370

Total restricted share units compensation expenses

 

41,514,756

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24,232,978

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27,731,397