v3.26.1
Property and equipment, net
12 Months Ended
Dec. 31, 2025
Property and equipment, net  
Property and equipment, net

7. Property and equipment, net

Property and equipment, net, consists of the following:

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​

​

​

​

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As of December 31, 

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  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

Electronic devices

 

290,778

 

300,567

Vehicle

 

5,613

 

3,348

Furniture and office equipment

 

241,117

 

252,095

Leasehold improvement

 

517,192

 

435,948

Machinery

 

117,136

 

121,109

Buildings

 

405,520

 

405,520

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​

​

​

​

Total

 

1,577,356

 

1,518,587

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​

​

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Accumulated depreciation and amortization

 

(755,127)

 

(759,884)

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​

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Property and equipment, net

 

822,229

 

758,703

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Depreciation and amortization expenses were RMB166,803, RMB159,256 and RMB149,876 for the years ended December 31, 2023, 2024 and 2025, respectively.