v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
¥ in Thousands, $ in Thousands
CNY (¥)
USD ($)
Ordinary shares
Class Y Ordinary Shares
CNY (¥)
shares
Ordinary shares
Class Z Ordinary Shares
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Statutory reserves
CNY (¥)
Accumulated other comprehensive income/(loss)
CNY (¥)
Accumulated deficit
CNY (¥)
Noncontrolling interests
CNY (¥)
Balance at the beginning of the year at Dec. 31, 2022 ¥ 15,239,587   ¥ 52 ¥ 201 ¥ 36,623,161 ¥ 36,173 ¥ 58,110 ¥ (21,479,869) ¥ 1,759
Balance at the beginning of the year (Shares) at Dec. 31, 2022 | shares     83,715,114 308,223,639          
Net (loss)/income (4,811,713)             (4,822,321) 10,608
Share-based compensation 1,132,644       1,132,644        
Issuance of Class Z ordinary shares upon new ADS offering ("ADS offering") 2,689,380     ¥ 10 2,689,370        
Issuance of Class Z ordinary shares upon new ADS offering ("ADS offering") (in shares) | shares       15,344,000          
Share issuance from exercise of share options 2     ¥ 2          
Share issuance from exercise of share options (in shares) | shares       2,210,741          
Share issuance from vest of restricted share units (in shares) | shares       22,500          
Appropriation to statutory reserves           8,576   (8,576)  
Foreign currency translation adjustments 154,367           154,367    
Balance at the end of the year at Dec. 31, 2023 14,404,267   ¥ 52 ¥ 213 40,445,175 44,749 212,477 (26,310,766) 12,367
Balance at the end of the year (Shares) at Dec. 31, 2023 | shares     83,715,114 325,800,880          
Net (loss)/income (1,363,651)             (1,346,800) (16,851)
Share-based compensation 1,116,212       1,116,212        
Share issuance from exercise of share options 10,268     ¥ 3 10,265        
Share issuance from exercise of share options (in shares) | shares       3,695,125          
Share issuance from vest of restricted share units 1     ¥ 1          
Share issuance from vest of restricted share units (in shares) | shares       701,834          
Repurchase of shares (117,523)     ¥ (1) (117,522)        
Repurchase of shares (in shares) | shares       (839,167)          
Appropriation to statutory reserves           3,893   (3,893)  
Foreign currency translation adjustments 54,339           54,339    
Balance at the end of the year at Dec. 31, 2024 14,103,913   ¥ 52 ¥ 216 41,454,130 48,642 266,816 (27,661,459) (4,484)
Balance at the end of the year (Shares) at Dec. 31, 2024 | shares     83,715,114 329,358,672          
Net (loss)/income 1,190,941 $ 170,303           1,193,531 (2,590)
Share-based compensation 1,170,535       1,170,535        
Share issuance from exercise of share options 6,559     ¥ 1 6,558        
Share issuance from exercise of share options (in shares) | shares       1,659,682          
Share issuance from vest of restricted share units 3     ¥ 3          
Share issuance from vest of restricted share units (in shares) | shares       2,931,952          
Shares redesignation     ¥ (3) ¥ 3          
Shares redesignation (in shares) | shares     (4,015,104) 4,015,104          
Repurchase of shares (822,713)     ¥ (5) (822,708)        
Repurchase of shares (in shares) | shares       (6,185,440)          
Acquisition of subsidiaries (17,605)               (17,605)
Derecognition of noncontrolling interests (40)               (40)
Appropriation to statutory reserves           6,463   (6,463)  
Foreign currency translation adjustments (83,030) (11,874)         (83,030)    
Balance at the end of the year at Dec. 31, 2025 ¥ 15,548,563 $ 2,223,415 ¥ 49 ¥ 218 ¥ 41,808,515 ¥ 55,105 ¥ 183,786 ¥ (26,474,391) ¥ (24,719)
Balance at the end of the year (Shares) at Dec. 31, 2025 | shares     79,700,010 331,779,970