v3.26.1
NET LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of computation of basic and diluted 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

)