v3.26.1
LAND USE RIGHTS, NET
12 Months Ended
Dec. 31, 2025
Land Use Rights, Net Disclosure [Abstract]  
LAND USE RIGHTS, NET

6. LAND USE RIGHTS, NET

 

Land use rights consisted of the following:

 

 

 

As of December 31,

 

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

Land use rights

 

 

29,788

 

 

 

84,376

 

Less: Accumulated amortization

 

 

(4,026

)

 

 

(6,271

)

 

 

25,762

 

 

 

78,105

 

 

Amortization expenses for land use right were RMB805, RMB806 and RMB1,195 for the years ended December 31, 2023, 2024 and 2025. Future amortization expense is RMB1,894 for each of the next five years through December 31, 2030 and thereafter.