| Schedule of significant related party transactions |
The Group entered into the following significant related party transactions for the periods presented:
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For the Year Ended December 31, |
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Loans to an equity investee 1 |
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— |
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— |
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270,000 |
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Funds (from)/to the Entity 2 |
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(696,624 |
) |
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(58,101 |
) |
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192,575 |
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Purchases of goods and services |
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172,506 |
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124,018 |
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118,191 |
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Investment income and interest income |
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48,069 |
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34,344 |
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42,399 |
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Sales of goods and services |
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12,740 |
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12,033 |
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17,823 |
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| 1. |
In 2025, the Company provided interest-bearing loans of RMB270.0 million to an equity investee, which is non-trade in nature, with annual interest rate of 4.50%. |
| 2. |
The Company established the Entity with an independent third party and two entities controlled by Mr. Rui Chen and Ms. Ni Li, respectively, to acquire the land use rights for a parcel of land in Shanghai for construction. The balance as of December 31, 2024 and 2025 represents interest-bearing loans and interest expenses related to the Entity, which are non-trade in nature. The annual interest rates of the loans were 3.95% and 3.60% as of December 31, 2024 and 2025, respectively. |
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| Schedule of significant related party balances |
The Group had the following significant related party balances as of December 31, 2024 and 2025, respectively:
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Amounts due from related parties |
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Due from an investment fund 3 |
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37,519 |
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37,519 |
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609,823 |
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817,400 |
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Due from other investees |
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139,335 |
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20,043 |
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Total |
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786,677 |
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874,962 |
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Amounts due to related parties 4 |
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4,549 |
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16,113 |
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| 1. |
In 2025, the Company provided interest-bearing loans of RMB270.0 million to an equity investee, which is non-trade in nature, with annual interest rate of 4.50%. |
| 2. |
The Company established the Entity with an independent third party and two entities controlled by Mr. Rui Chen and Ms. Ni Li, respectively, to acquire the land use rights for a parcel of land in Shanghai for construction. The balance as of December 31, 2024 and 2025 represents interest-bearing loans and interest expenses related to the Entity, which are non-trade in nature. The annual interest rates of the loans were 3.95% and 3.60% as of December 31, 2024 and 2025, respectively. |
| 3. |
The balances due from the investment fund, of which the Company is the limited partner, as of December 31, 2024 and December 31, 2025 were consideration receivables related to the equity investments transferred, which is non-trade in nature. |
| 4. |
The balances as of December 31, 2024 and 2025 mainly represent the payables in trade nature. |
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