v3.26.1
BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2025
BORROWINGS  
Schedule of borrowings

​

​

​

​

​

​

​

​

As of December 31, 

​

​

2024

​

2025

​

  ​ ​ ​

RMB

  ​ ​ ​

RMB

​

​

(in thousands)

Short‑term borrowings

  ​ ​ ​

288,280

  ​ ​ ​

207,717

Long‑term borrowings

 

—

 

182,917

Total

 

288,280

 

390,634