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Consolidated Statements of Operations And Comprehensive (Loss) Income
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Total revenue ¥ 1,241,621 $ 177,549 ¥ 1,363,384 ¥ 1,464,871
Cost of revenues (1,014,455) (145,065) (1,117,942) (1,272,145)
Gross profit 227,166 32,484 245,442 192,726
Sales and marketing expenses (6,357) (909) (7,049) (1,355)
General and administrative expenses (88,977) (12,724) (76,629) (75,582)
Research and development expenses (83,426) (11,930) (90,461) (75,116)
Provision for credit losses (127,290) (18,202) (30,584) (17,865)
Income (loss) from operations (78,884) (11,281) 40,719 22,808
Change in fair value of contingent consideration (5,624)
Change in fair value of warrant liabilities 170
Change in fair value of investment in marketable security (29,067) (4,157) 6,103 (9,023)
Impairment for goodwill (186,170) (26,622)
Impairment for intangible assets (398,835) (57,033)
Investments income (loss) 8,712 1,246 (5,742) (31,328)
Impairment of long-term investments (10,425) (11,800)
Interest income, net 1,712 245 3,211 2,739
Other income, net 8,732 1,249 1,609 7,449
Foreign exchange (loss) gain, net (1,569) (224) 3,805 (1,887)
(Loss) income before income taxes (675,369) (96,577) 39,280 (26,496)
Income tax (expense) benefit 80,369 11,493 (12,597) (8,480)
Net (loss) income (595,000) (85,084) 26,683 (34,976)
Less: net loss attributable to noncontrolling interest (7,911) (1,131) (13,002) (4,188)
Net (loss) income attributable to the Company’s shareholders (587,089) (83,953) 39,685 (30,788)
Other comprehensive income (loss):        
Other comprehensive loss - foreign currency translation adjustment (3,494) (500) (998) (105)
Comprehensive (loss) income (598,494) (85,584) 25,685 (35,081)
Less: comprehensive loss attributable to non-controlling interests (7,305) (1,045) (13,002) (4,188)
Comprehensive (loss) income attributable to the Company’s shareholders ¥ (591,189) $ (84,539) ¥ 38,687 ¥ (30,893)
Weighted average number of shares        
Basic (in Shares) 41,776,414 41,776,414 41,367,946 40,649,414
Diluted (in Shares) 41,776,414 41,776,414 41,564,237 40,649,414
(Loss) earnings per share        
Basic (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ (14.05) $ (2.01) ¥ 0.96 ¥ (0.76)
Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) ¥ (14.05) $ (2.01) ¥ 0.95 ¥ (0.76)
Live streaming - consumable virtual items revenue        
Total revenue ¥ 1,187,033 $ 169,743 ¥ 1,317,601 ¥ 1,420,258
Live streaming - time based virtual item revenue        
Total revenue 16,951 2,424 24,935 25,004
Technical services and others        
Total revenue ¥ 37,637 $ 5,382 ¥ 20,848 ¥ 19,609