v3.26.1
Redeemable non-controlling interests (Tables)
12 Months Ended
Dec. 31, 2025
Redeemable non-controlling interests  
Schedule of redeemable noncontrolling interest activity

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For the year ended December 31,

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2023

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2024

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2025

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RMB

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RMB

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RMB

Balance as of January 1

 

1,438,082

 

1,584,858

 

1,670,379

Net income attributable to redeemable non-controlling interest

 

45,969

 

48,804

 

19,146

Settlement of derivative liabilities with shares

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100,807

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—

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—

Adjustment of the redeemable non-controlling interest

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—

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5,325

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(964)

Redeemable non-controlling interest arising from business acquisition

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—

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48,962

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—

Transfer from redeemable non-controlling interest to non-controlling interest

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—

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(17,570)

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(1,630,942)

Balance as of December 31

 

1,584,858

 

1,670,379

 

57,619

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