v3.26.1
Intangible assets, net
12 Months Ended
Dec. 31, 2025
Intangible assets, net  
Intangible assets, net

8. Intangible assets, net

Intangible assets, net, consist of the following:

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​

​

​

​

​

​

​

As of December 31, 

​

  ​ ​ ​

2024

  ​ ​ ​

2025

​

​

RMB

​

RMB

Internally developed software

 

447,705

 

495,004

Trademark

 

976

 

976

Supplier relationship

 

15,620

 

15,620

Customer relationship

​

206,000

​

184,800

Brand

​

26,400

​

12,100

Technology

​

19,500

​

16,200

Accumulated amortization

 

(358,894)

 

(401,776)

​

​

​

​

​

Intangible assets, net

 

357,307

 

322,924

​

Amortization expenses for intangible assets were RMB83,799, RMB84,569 and RMB70,839 for the years ended December 31, 2023, 2024 and 2025, respectively.

Estimated amortization expenses of the existing intangible assets for the next five years are RMB46,055, RMB44,004, RMB 40,939, RMB27,859 and RMB16,845, respectively.