v3.26.1
NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

15. NET LOSS PER SHARE

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated:

 

 

 

Year ended December 31,

 

 

 

2023

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

Basic net loss per share calculation

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

 

(7,298

)

 

 

(1,048,954

)

 

 

(323,307

)

Net loss attributed to ordinary shareholders
   for computing net loss per ordinary shares
   -basic

 

 

(7,298

)

 

 

(1,048,954

)

 

 

(323,307

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding used in
   computing net loss per ordinary shares-basic

 

 

173,725,790

 

 

 

171,412,125

 

 

 

163,118,684

 

Net loss per ordinary share attributable to
   ordinary shareholders-basic

 

 

(0.04

)

 

 

(6.12

)

 

 

(1.98

)

Diluted net loss per ordinary share calculation

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares basic outstanding

 

 

173,725,790

 

 

 

171,412,125

 

 

 

163,118,684

 

Effect of potentially diluted stock options

 

 

—

 

 

 

—

 

 

 

—

 

Effect of potentially diluted RSUs

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average ordinary shares outstanding used in
   computing net loss per ordinary shares-diluted

 

 

173,725,790

 

 

 

171,412,125

 

 

 

163,118,684

 

Net loss per ordinary share attributable to
   ordinary shareholders-diluted

 

 

(0.04

)

 

 

(6.12

)

 

 

(1.98

)

 

For the years ended December 31, 2023, 2024 and 2025, 6,022,173, 5,480,652 and 4,005,351 potential ordinary shares in connection with RSUs and share options were excluded from the calculation of diluted net loss per ordinary share due to their anti-dilutive effect.