v3.26.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
7.
PROPERTY AND EQUIPMENT, NET

 

Property and equipment consist of the following:

 

 

As of December 31,

 

 

2024

 

 

2025

 

 

RMB

 

 

RMB

 

 

US$

 

 

(in thousands)

 

At cost:

 

 

 

 

 

 

 

 

 

Electronic equipment

 

 

757,326

 

 

 

688,243

 

 

 

98,418

 

Software

 

 

559,914

 

 

 

607,210

 

 

 

86,830

 

Leasehold improvements

 

 

43,562

 

 

 

30,939

 

 

 

4,424

 

Motor vehicles

 

 

6,956

 

 

 

6,049

 

 

 

865

 

Office equipment

 

 

2,492

 

 

 

2,540

 

 

 

363

 

 

 

1,370,250

 

 

 

1,334,981

 

 

 

190,900

 

Less: Accumulated depreciation

 

 

(1,166,201

)

 

 

(1,143,918

)

 

 

(163,578

)

 

 

204,049

 

 

 

191,063

 

 

 

27,322

 

 

Depreciation expense was RMB167.78 million, RMB123.65 million and RMB110.48 million (US$15.80 million) for the years ended December 31, 2023, 2024 and 2025, respectively.