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INCOME TAX EXPENSE (Tables)
12 Months Ended
Dec. 31, 2025
INCOME TAX EXPENSE  
Schedule of reconciliation between the effective income tax rate and the PRC statutory income tax rate

Years Ended December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

 

PRC statutory tax rate

25

%

25

%

Tax effect of other expenses that are not deductible in determining taxable profit

(8)

%

(21)

%

Effect of R&D super deduction

38

%

30

%

Effect of enacted tax rate change

25

%

20

%

Effect of change in valuation allowance

 

(80)

%

(54)

%

Effective tax rate

 

0

%

0

%

Schedule of components of deferred income tax assets and liabilities

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

Deferred tax assets:

  ​

 

Net loss carryforward

635,188

 

600,358

Accrued expenses and payroll payable

17,230

 

14,669

Provision for impairment of assets

3,620

3,171

Valuation allowance

(656,038)

 

(618,198)

Total deferred tax assets

 

Deferred tax liabilities:

 

Total deferred tax liabilities