v3.26.1
Land Use Rights, net (Tables)
12 Months Ended
Dec. 31, 2025
Land use rights  
Land Use Rights, net  
Summary of land use rights, net The land use rights, net are summarized as follows (in thousands):

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December 31, 

  ​ ​ ​

December 31, 

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2024

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2025

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RMB

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RMB

Cost

 

4,801,005

 

4,784,572

Incentive payment from local government

 

(15,000)

 

(15,000)

Accumulated amortization

 

(599,256)

 

(722,217)

Impairment

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(14,284)

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Land use right, net

 

4,172,465

 

4,047,355