v3.26.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share based Compensation  
Summary of the group's share-based compensation cost The table below presents a summary of the Group’s share-based compensation cost (in thousands):

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For the year ended December 31, 

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  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

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RMB

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RMB

​

RMB

Cost of revenues

 

823,765

​

1,185,854

​

1,004,581

Selling and marketing expenses

 

132,801

​

104,534

​

132,666

General and administrative expenses

 

1,119,018

​

1,069,850

​

916,675

Research and development expenses

 

1,167,226

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1,522,701

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1,593,740

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3,242,810

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3,882,939

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3,647,662

Restricted share units  
Share based Compensation  
Summary of the company's RSUs award activities

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Weighted average

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grant date fair

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Number of RSUs

  ​ ​ ​

value

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(in thousands)

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US$

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Outstanding at January 1, 2023

 

13,005

 

82.67

 

Granted

 

4,795

 

84.73

 

Vested

 

(5,190)

 

76.27

 

Forfeited

 

(523)

 

88.24

 

Outstanding at December 31, 2023

 

12,087

 

86.00

 

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Outstanding at January 1, 2024

 

12,087

 

86.00

 

Granted

 

6,023

 

104.48

 

Vested

 

(5,375)

 

81.78

 

Forfeited

 

(976)

 

94.58

 

Outstanding at December 31, 2024

 

11,759

 

96.68

 

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Outstanding at January 1, 2025

 

11,759

 

96.68

 

Granted

 

5,167

 

102.15

 

Vested

 

(5,808)

 

92.42

 

Forfeited

 

(1,042)

 

98.20

 

Outstanding at December 31, 2025

 

10,076

 

101.79