v3.26.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net

7. Intangible Assets, Net

The following table summarizes the Group’s intangible assets, net (in thousands):

 

 

As of December 31,

 

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

Computer software

 

 

20,007

 

 

 

17,082

 

Licensed copyrights of reading content

 

 

50,386

 

 

 

20,937

 

Audio content

 

 

17,864

 

 

 

14,494

 

Trademark and Domain name

 

 

137

 

 

 

137

 

Total

 

 

88,394

 

 

 

52,650

 

Less: amortization

 

 

(62,777

)

 

 

(36,312

)

impairment

 

 

(11,894

)

 

 

(5,923

)

Net book value

 

 

13,723

 

 

 

10,415

 

The Group recognized impairment losses on intangible assets of nil, nil and nil for the years ended December 31, 2023, 2024 and 2025, respectively.

Amortization expenses for the years ended December 31, 2023, 2024 and 2025 were RMB15.8 million, RMB10.1 million and RMB6.8 million, respectively. Based on the current amount of intangible assets subject to amortization, the estimated amortization expenses for each of the following five years are as follows: 2026: RMB5.5 million, 2027: RMB3.0 million, 2028: RMB1.2 million, 2029: RMB0.5 million and 2030: RMB0.2 million.