| PROPERTY, PLANT AND EQUIPMENT, NET |
9. PROPERTY, PLANT AND EQUIPMENT, NET | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | | | | (in thousands) | Office building | | 697,136 | | 697,455 | Vehicles | | 23,939 | | 21,320 | Computer equipment | | 1,179,606 | | 1,247,976 | Furniture and office equipment | | 395,828 | | 410,740 | Leasehold improvement | | 3,477,118 | | 3,220,054 | Construction in progress | | 176,006 | | 184,489 | Total | | 5,949,633 | | 5,782,034 | Less: accumulated depreciation | | (3,530,150) | | (3,693,138) | Less: accumulated impairment | | (19,272) | | (19,272) | Net book value | | 2,400,211 | | 2,069,624 |
Depreciation expenses recognized for the years ended December 31, 2023, 2024 and 2025 amounted to RMB775.0 million, RMB743.7 million and RMB934.1 million, respectively.
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