v3.26.1
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2025
Discontinued Operations [Abstract]  
Schedule of Gain on Disposal
   Year ended December 31,
2025
 
   RMB 
Total net liabilities of the Disposal Group   230,750 
Add: Writes-off of net amounts due from disposed subsidiaries - loss   (125,016)
Less: disposal proceeds   
—
 
Gain on disposal before reclassification of cumulative foreign currency translation differences of the Disposal Group to profit or loss   105,734 
Reclassification of cumulative foreign currency translation losses of the Disposal Group to profit or loss   (56,748)
Gain on disposal   48,986 
Schedule of Results of Discontinued Operations

Results of discontinued operations:

 

       Year ended December 31,  Ten months ended October 31, 
   2023   2024   2025 
   RMB   RMB   RMB 
Net revenues   162,367    49,176    25,571 
Cost of revenues   (68,942)   (15,596)   (6,332)
Gross profit   93,425    33,580    19,239 
Operating expenses:               
Selling and marketing expenses   (157,004)   (54,476)   (42,489)
General and administrative expenses   (20,126)   (15,530)   (13,043)
Research and development expenses   (11,267)   (11,890)   (1,551)
Impairment of long-lived assets   (1,515)   (4,048)   
—
 
Total operating expenses   (189,912)   (85,944)   (57,083)
Loss from discontinued operations   (96,487)   (52,364)   (37,844)
Other income/(expenses):               
Interest expenses, net   (289)   (999)   (1,935)
Gain/(loss) from equity method investments   181    532    (57)
Impairment of goodwill        (45,561)   
—
 
Other income, net   16,784    4,673    (429)
Loss from discontinued operations before income taxes   (79,811)   (93,719)   (40,265)
Income tax benefit   
—
    
—
    
—
 
Net loss from discontinued operations   (79,811)   (93,719)   (40,265)
Schedule of Discontinued Operation of Assets and Liabilities

Assets and liabilities of the discontinued operations:

 

   December 31,
2024
   October 31,
2025
 
   RMB   RMB 
ASSETS        
Current assets:        
Cash and cash equivalents   1,697    904 
Restricted cash   4,044    4,000 
Accounts and notes receivable, net   12,756    9,383 
Prepayment and other current assets, net   14,951    26,373 
Total current assets   33,448    40,660 
Non-current assets:          
Long-term investments   6,096    6,039 
Total non-current assets   6,096    6,039 
Total assets   39,544    46,699 
LIABILITIES AND SHAREHOLDERS’ EQUITY          
Current liabilities:          
Accounts payable   13,875    2,807 
Advance from customers   8,874    2,035 
Salary and welfare benefits payable   4,707    15,921 
Short-term borrowings   31,734    26,284 
Other taxes payable   1,012    751 
Current portion of deferred revenue   798    
—
 
Short-term operating lease liabilities   3,378    5,070 
Payables due to related parties   10,354    
—
 
Other current liabilities   17,459    214,581 
Total current liabilities   92,191    267,449 
Long-term borrowings   10,000    10,000 
Long-term operating lease liabilities   3,362    
—
 
Total non-current liabilities   13,362    10,000 
Total liabilities   105,553    277,449 
Schedule of Cash Flows of the Discontinued Operations

Cash flows of the discontinued operations:

 

   For the year ended December 31,   For the
ten months
ended
October 31,
 
   2023   2024   2025 
   RMB   RMB   RMB 
Net cash used in discontinued operations            
Net cash( used in) /generated from operating activities   (78,967)   (29,204)   534 
Net cash generated from/(used in) investing activities   
—
    (19)   
—
 
Net cash generated from/(used in) financing activities   13,972    23,047    (1,450)