| Accounts Receivable, Net |
4.ACCOUNTS RECEIVABLE, NET Accounts receivable and allowance for credit losses consist of the following:
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As of December 31, |
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2024 |
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2025 |
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RMB |
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RMB |
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US$ |
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(in thousands) |
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Accounts receivable (Note) |
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1,555,668 |
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1,744,307 |
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249,433 |
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Allowance for credit losses |
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(196,819 |
) |
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(222,960 |
) |
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(31,883 |
) |
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1,358,849 |
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1,521,347 |
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217,550 |
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Note: It contains notes receivables of RMB43.56 million, RMB15.20 million (US$2.17 million) for the years ended December 31, 2024 and 2025, respectively. The movements in the allowance for credit losses were as follows:
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Year ended December 31, |
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2023 |
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2024 |
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2025 |
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RMB |
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RMB |
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RMB |
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US$ |
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(in thousands) |
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Beginning balance |
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185,755 |
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161,022 |
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196,819 |
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28,146 |
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Additions charged to current expected credit loss |
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20,557 |
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40,059 |
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36,282 |
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5,188 |
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Reversal |
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(42,660 |
) |
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(4,262 |
) |
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(3,615 |
) |
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(518 |
) |
Write off |
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(2,630 |
) |
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— |
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(6,526 |
) |
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(933 |
) |
Ending balance |
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161,022 |
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196,819 |
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222,960 |
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31,883 |
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