​

​

As of December 31, 

​

​

2023

​

2024

​

2025

​

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

​

​

​

​

​

​

​

Payables related to service fees and incentives to drivers

​

4,309,814

​

4,116,787

​

4,522,229

Payables related to driver management fees

194,915

264,290

362,612

Other accounts payable

88,846

96,913

52,143

Notes payable

​

712

​

—

​

—

Total

4,594,287

4,477,990

4,936,984