v3.26.1
Prepayments and other current assets (Tables)
12 Months Ended
Dec. 31, 2025
Prepayments and other current assets  
Schedule of prepayments and other current assets

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As of December 31, 

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2024

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2025

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RMB

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RMB

Rebate receivable from suppliers

 

168,406

 

148,720

Value-added tax (“VAT”) recoverable

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140,798

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81,027

Prepaid expenses

 

203,298

 

169,377

Deposits (1)

 

90,018

 

88,848

Interest receivables

 

53,833

 

42,788

Employee advances (2)

 

10,362

 

8,193

Others

 

57,376

 

37,031

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Prepayment and other current assets

 

724,091

 

575,984

(1)Deposits represent rental deposits and deposits paid to third-party platforms.
(2)Employee advances represent cash advanced to online store managers for store daily operation, such as online store promotion activities.