v3.26.1
Cash and cash equivalents and restricted cash
12 Months Ended
Dec. 31, 2025
Cash and cash equivalents and restricted cash  
Cash and cash equivalents and restricted cash

27. Cash and cash equivalents and restricted cash

(a)Cash and cash equivalents

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​

​

​

​

​

​

​

​

​

As of December 31, 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

  ​ ​ ​

RMB

​

RMB

​

RMB

Bank balances and cash

​

21,104,395

​

9,490,997

​

18,265,935

Time deposits and highly liquid investments with initial terms within three months

​

4,520,889

​

1,999,630

​

3,038,078

Cash held in other financial institutions

​

1,682,814

​

1,064,216

​

2,504,019

Total

​

27,308,098

​

12,554,843

​

23,808,032

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Cash and cash equivalents are denominated in the following currencies:

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​

​

​

​

​

​

​

​

  ​ ​ ​

As of December 31, 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

​

RMB

​

​

​

​

​

​

​

RMB

 

18,850,352

 

6,345,733

 

8,512,996

USD

 

6,453,888

 

4,028,747

 

10,162,536

Others

 

2,003,858

 

2,180,363

 

5,132,500

Total

 

27,308,098

 

12,554,843

 

23,808,032

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(b)Restricted cash

Restricted cash are denominated in the following currencies:

Included in non-current assets:

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​

​

​

​

​

​

​

  ​ ​ ​

As of December 31, 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

​

RMB

​

​

​

​

​

​

​

BRL

​

12

​

—

​

68,601

USD

 

15,582

 

15,815

 

15,463

RMB

 

4,912

 

3,838

 

3,865

Total

 

20,506

 

19,653

 

87,929

​

Included in current assets:

​

​

​

​

​

​

​

​

  ​ ​ ​

As of December 31, 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

​

RMB

​

​

​

​

​

​

​

RMB

​

1,139,261

​

1,585,801

​

2,496,391

BRL

​

212

​

266

​

1,113,197

Others

 

—

 

137,325

 

109

Total

 

1,139,473

 

1,723,392

 

3,609,697

​