v3.26.1
Prepayment and Other Current Assets, Net
12 Months Ended
Dec. 31, 2025
Prepayment and Other Current Assets, Net [Abstract]  
Prepayment and other current assets, net
6.Prepayment and other current assets, net

 

The following is a summary of prepayments and other current assets:

 

   December 31,
2024
   December 31,
2025
 
   RMB   RMB 
Procurement advance   
      —
    165,270 
Others   
—
    109 
Less: provisions for prepayment and other current assets   
—
    
—
 
Total prepayment and other current assets, net   
—
    165,379 

 

The aforementioned prepayment mainly occurred as the company sought to enhance its profitability by exploring and experimenting with new methods such as live streaming and MCN business live streaming, in order to integrate with current new media. To better carry out the above-mentioned business, the company externally procured relevant equipment and systems.

 

Details of prepayments owed to the Company’s major suppliers are summarized in the table below.

 

No.  Counterparty  Nature of Goods/Services  Total Contract Value   Prepaid
Amount
 
         RMB   RMB 
1  Beijing Fanyi Trading Co., Ltd.  Live-streaming equipment and platform technical support   35,761    28,609 
2  Hangzhou Guihang Trading Co., Ltd.  Computing power equipment   170,541    136,661 
Total         206,302    165,270 

 

As of the financial statements authorization date of May 8, 2026, the prepayment closing balance was RMB 165.3 million.