v3.26.1
Related Party Transactions and Balances (Details) - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Related Party Transactions      
Loans to an equity investee [1] ¥ 270,000    
Funds (from)/to the Entity [2] 192,575 ¥ (58,101) ¥ (696,624)
Purchases of goods and services 118,191 124,018 172,506
Investment income and interest income 42,399 34,344 48,069
Debt instrument face value ¥ 4,849,993 ¥ 95,692  
Loans to an entity [Member]      
Related Party Transactions      
Related party transaction interest rate 3.60% 3.95%  
Effective interest rate 4.50%    
Equity Method Investee [Member]      
Related Party Transactions      
Debt instrument face value ¥ 270,000    
Investment Fund [Member]      
Related Party Transactions      
Amounts due from related parties [3] 37,519 ¥ 37,519  
Entity [Member]      
Related Party Transactions      
Amounts due from related parties [2] ¥ 817,400 609,823  
Related party transaction, Description of transaction 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.    
Other Investees [Member]      
Related Party Transactions      
Amounts due from related parties ¥ 20,043 139,335  
Related Party [Member]      
Related Party Transactions      
Sales of goods and services 17,823 12,033 ¥ 12,740
Amounts due from related parties 874,962 786,677  
Amounts due to related parties [4] ¥ 16,113 ¥ 4,549  
[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.