$NAMI

Jinxin Technology Holding Co

CIK:0001967631|SEC Filings

Consolidated Statements of Income and Comprehensive 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
Income Statement [Abstract]
Revenues	¥ 413,024	$ 59,062	¥ 406,399	¥ 379,821
Cost of revenues	(367,466)	(52,547)	(289,455)	(220,051)
Gross profit	45,558	6,515	116,944	159,770
Sales and marketing expenses	(21,361)	(3,055)	(19,432)	(20,760)
General and administrative expenses	(76,361)	(10,919)	(23,791)	(23,624)
Research and development expenses	(52,089)	(7,449)	(46,608)	(35,333)
Total operating expenses	(149,811)	(21,423)	(89,831)	(79,717)
Operating income (loss)	(104,253)	(14,908)	27,113	80,053
Other income	48	7	69	835
Other expenses			(461)
Interest income	200	29	331	513
Interest expenses	(32)	(4)
(Loss) gain from equity method investments	957	137	579	(381)
Investment income	634	91	1,452	1,101
Exchange gain (loss)	(1,669)	(239)	212	61
Government subsidy	3,432	491	1,264	1,331
Income (loss) before income taxes	(100,683)	(14,396)	30,559	83,513
Income tax expense	(96)	(14)		(21)
Net income (loss)	(100,779)	(14,410)	30,559	83,492
Less: net loss (income) attributable to non-controlling interests	6,432	920	(10,288)	(12,995)
Net income (loss) attributable to the Company’s ordinary shareholders	(94,347)	(13,490)	20,271	70,497
Comprehensive income (loss)
Net income (loss)	(100,779)	(14,410)	30,559	83,492
Other comprehensive income
Foreign currency translation adjustment	1,522	218
Total comprehensive income (loss)	(99,257)	(14,192)	30,559	83,492
Less: comprehensive income (loss) attributable to non-controlling interests	6,432	920	(10,288)	(12,995)
Comprehensive income (loss) attributable to the Company’s ordinary shareholders	¥ (92,825)	$ (13,272)	¥ 20,271	¥ 70,497
Earnings (loss) per share:
Ordinary shares – basic (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (0.07)	$ (0.01)	¥ 0.04	¥ 0.17
Ordinary shares – diluted (in Dollars per share and Yuan Renminbi per share) \| (per share)	¥ (0.07)	$ (0.01)	¥ 0.04	¥ 0.15
Weighted average shares outstanding used in calculating basic and diluted earnings (loss) per share:
Ordinary shares – basic (in Shares)	1,251,641,972	1,251,641,972	466,370,319	416,920,000
Ordinary shares – diluted (in Shares)	1,251,641,972	1,251,641,972	515,640,319	466,190,000

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	¥ (100,779)	$ (14,410)	¥ 30,559	¥ 83,492
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	38,768	5,543	29,560	13,067
(Loss) gain from equity method investments	(957)	(137)	(579)	381
Share based compensation expense	42,047	6,013	7	16
Non-cash lease expense	187	27	2,451	2,619
Loss on disposal of property and equipment				23
Changes in operating assets and liabilities:
Accounts receivable	26,642	3,810	(39,501)	(7,954)
Advance to suppliers	(6,562)	(938)	51	(1,563)
Inventories	(2,187)	(313)	737	(654)
Amount due from related parties	481	69	(712)	120
Other current assets	(6,484)	(927)	(1,114)	1,423
Accounts payable	(13,657)	(1,953)	10,022	4,687
Contract liabilities	(3,212)	(459)	(770)	(32,940)
Accrued expenses and other payables	267	38	(1,745)	(718)
Tax payables	1,263	180	(835)	(2,845)
Lease liabilities	(394)	(56)	(2,363)	(2,468)
Amount due to related parties	(7)	(1)	(3)	9
Net cash provided by(used in) operating activities	(24,584)	(3,514)	25,765	56,695
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(784)	(112)	(1,156)	(476)
Proceeds from disposal of property and equipment				2
Purchase of intangible assets	(9,991)	(1,429)	(60,328)	(12,658)
(Increase) decrease in short-term investments	(5,915)	(846)	34,073	(18,158)
Payment for long-term investments	(7,000)	(1,001)	(3,000)
Repayment of loans from related parties				660
Net cash used in investing activities	(23,690)	(3,388)	(30,411)	(30,630)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the IPO, net of issuance cost	5,271	754	22,100
Contribution from shareholders				153
Proceeds from short-term borrowings	15,000	2,144
Deferred IPO expense	(2,230)	(319)		(6,232)
Contribution from noncontrolling interests in subsidiaries	490	70		200
Net cash (used in) provided by financing activities	18,531	2,649	22,100	(5,879)
Effect of exchange rate changes	1,426	204
Net increase (decrease) in cash and cash equivalents	(28,317)	(4,049)	17,454	20,186
Cash and cash equivalents at beginning of year	92,586	13,239	75,132	54,946
Cash and cash equivalents at end of year	64,269	9,190	92,586	75,132
Supplemental disclosures of cash flows information:
Cash paid for interest expense
Cash paid for income taxes			21
Supplemental disclosure of noncash information:
Liabilities assumed in connection with purchase of intangible assets			19,567	2,001
Liabilities assumed in connection with unpaid professional service fee				2,939
Operating lease right of use assets obtained in exchange for operating lease liabilities

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 64,269	$ 9,190	¥ 92,586
Short-term investments	15,000	2,145	9,085
Accounts receivable	27,201	3,890	53,843
Inventories	2,294	328	107
Advance to suppliers	2,492	356	3,627
Other current assets	9,019	1,290	2,535
Total current assets	120,596	17,245	162,585
Non-current assets:
Long-term investments	19,862	2,840	11,905
Property and equipment, net	1,750	250	1,938
Intangible assets, net	45,117	6,452	61,730
Operating lease right-of-use assets, net	4,936	706	5,124
Total non-current assets	71,665	10,248	80,697
Total assets	192,261	27,493	243,282
Current liabilities:
Short-term borrowing	15,000	2,145
Accounts payable	30,586	4,373	38,018
Accrued expenses and other liabilities	4,812	688	4,545
Tax payables	3,347	479	4,543
Operating lease liabilities – current	3,279	469	2,645
Contract liabilities	21,824	3,121	25,036
Total current liabilities	78,848	11,275	74,794
Non-current liabilities:
Operating lease liabilities – non-current	1,839	263	2,867
Other non-current liabilities	1,792	256	1,792
Total non-current liabilities	3,631	519	4,659
Total liabilities	82,479	11,794	79,453
Commitments and contingencies (Note 21)
Shareholders’ equity:
Ordinary shares (US$0.00001428571428 par value; 3,500,000,000 and 3,500,000,000 shares authorized; 1,152,740,747 and 1,423,285,396 issued and outstanding as of December 31, 2024 and December 31, 2025, respectively)	126	18	119
Additional paid-in capital	312,339	44,664	267,626
Statutory reserve	7,596	1,086	7,411
Accumulated deficit	(238,117)	(34,050)	(143,585)
Accumulated other comprehensive income	1,921	275	399
Total JINXIN TECHNOLOGY HOLDING COMPANY shareholders’ equity	83,865	11,993	131,970
Non-controlling interests	25,917	3,706	31,859
Total equity	109,782	15,699	163,829
Total liabilities and equity	192,261	27,493	243,282
Related Party
Current assets:
Amount due from related parties	321	46	802
Current liabilities:
Amount due to related parties			¥ 7