v3.26.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of compensation expenses recognized for share-based awards

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For the Year Ended December 31, 

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2023

  ​ ​ ​

2024

  ​ ​ ​

2025

Research and development expenses

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1,552,421

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1,257,921

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782,917

Selling, general and administrative expenses

 

779,637

 

1,333,256

 

438,841

Cost of sales

 

46,631

 

39,728

 

35,996

Total

 

2,378,689

 

2,630,905

 

1,257,754

2019 and 2020 Share Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of stock option activities

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Weighted

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Weighted

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Average

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Aggregate

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Number of

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Average

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Remaining

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Intrinsic

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Options

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Exercise Price

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Contractual Life

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Value

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US$

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In Years

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US$

Outstanding as of December 31, 2022

 

74,336,244

 

0.10

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5.56

 

750,796

Granted

 

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—

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Exercised

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(10,519,982)

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0.10

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Forfeited

 

(3,508,800)

 

0.10

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Outstanding as of December 31, 2023

 

60,307,462

 

0.10

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4.41

 

1,122,594

Granted

 

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—

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Exercised

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(8,109,300)

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0.10

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Forfeited

 

(2,078,800)

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0.10

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Outstanding as of December 31, 2024

 

50,119,362

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0.10

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4.81

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596,170

Granted

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—

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Exercised

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(6,705,196)

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0.10

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Forfeited

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(355,800)

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0.10

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Outstanding as of December 31, 2025

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43,058,366

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0.10

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4.01

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360,183

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Vested and expected to vest as of December 31, 2024

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49,345,755

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0.10

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4.79

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586,968

Exercisable as of December 31, 2024

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41,387,162

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0.10

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4.51

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492,300

Vested and expected to vest as of December 31, 2025

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42,768,792

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0.10

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4.00

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357,761

Exercisable as of December 31, 2025

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39,274,166

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0.10

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3.88

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328,528

Summary of RSU activity

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Weighted Average

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Weighted Average

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Number of

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Grant Date

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Remaining

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Shares

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Fair Value

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Contractual Life

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US$

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In Years

Unvested as of December 31, 2022

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30,993,124

 

17.20

 

9.21

Granted

 

46,992,750

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15.53

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Vested

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(12,646,762)

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15.56

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Forfeited

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(3,584,600)

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15.79

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Unvested as of December 31, 2023

 

61,754,512

 

16.34

 

9.14

Granted

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6,542,020

 

10.33

 

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Vested

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(13,934,292)

 

16.08

 

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Forfeited

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(11,285,050)

 

16.31

 

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Unvested as of December 31, 2024

 

43,077,190

 

15.37

 

8.39

Granted

 

12,764,940

 

9.27

 

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Vested

 

(13,255,380)

 

15.54

 

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Forfeited

 

(4,843,730)

 

14.77

 

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Unvested as of December 31, 2025

 

37,743,020

 

13.33

 

8.25

2021 Share Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award  
Summary of stock option activities

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Weighted 

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Weighted Average 

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Number of 

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Average Exercise 

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Remaining 

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Shares

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Price

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Contractual Life

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US$

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In Years

December 31, 2022

 

108,557,400

 

14.63

 

8.19

Granted

 

—

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—

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—

December 31, 2023

 

108,557,400

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14.63

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7.19

Granted

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—

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—

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—

December 31, 2024

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108,557,400

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14.63

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6.19

Granted

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—

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—

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—

December 31, 2025

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108,557,400

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14.63

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5.19

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