v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases  
Schedule of information related to operating leases

The following table provides information related to the Group’s operating leases (in thousands):

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the year ended December 31, 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

​

RMB

Operating lease cost

 

344,606

​

249,169

​

168,626

Cash paid for amounts included in the measurement of operating lease liabilities

 

331,579

​

271,670

​

185,987

Change of right-of-use assets related to exchange for operating lease obligations

 

215,209

​

40,557

​

(52,897)

Schedule of information related to operating lease terms and discount rates, which excludes the land use rights

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

 

​

​

2024

​

2025

 

Weighted average remaining lease term

 

2.87 years

 

2.75 years

​

Weighted average discount rate

 

3.62

%  

3.54

%

Schedule of maturities of operating lease liabilities

Maturities of operating lease liabilities as of December 31, 2025 were as follows (in thousands):

​

​

​

​

​

  ​ ​ ​

RMB

2026

 

123,120

2027

 

89,093

2028

 

66,733

2029

 

30,163

2030

​

22,314

Thereafter

 

41,145

Total operating lease payments

 

372,568

Less: imputed interest

 

(27,243)

Total

 

345,325

​