v3.26.1
Equity settled share-based payments (Tables)
12 Months Ended
Dec. 31, 2025
Equity settled share-based payments  
Summary on movements in the number of restricted shares granted to employees and the respective weighted-average grant date fair value

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Weighted-

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Weighted-

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average

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average

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grant date

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exercise price

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fair value

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Number of

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USD per

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USD per

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​

restricted

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restricted

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restricted

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  ​ ​ ​

shares

  ​ ​ ​

share

  ​ ​ ​

share

Outstanding as of July 1, 2022

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2,540,420

​

0.036

​

7.67

Vested during the year

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(2,496,668)

​

0.036

​

7.67

Forfeited during the year

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(43,752)

​

0.036

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7.67

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Outstanding as of June 30, 2023, December 31, 2023, December 31, 2024, and December 31, 2025

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—

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—

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—

Summary on option activities

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Weighted-

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Weighted-

 

average

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Number of

 

average

 

grant date

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  ​ ​ ​

options

  ​ ​ ​

exercise price

  ​ ​ ​

fair value

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​

 

USD per share

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USD per share

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Outstanding at July 1, 2022

 

8,918,492

 

0.036

 

3.67

Exercised

 

(1,376,096)

 

0.035

 

3.90

Forfeited

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(1,841,000)

​

0.036

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3.33

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Outstanding at June 30, 2023

 

5,701,396

 

0.036

 

3.72

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Exercisable at June 30, 2023

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2,114,496

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0.036

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3.36

Non-vested at June 30, 2023

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3,586,900

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0.036

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3.94

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Outstanding at July 1, 2023

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5,701,396

​

0.036

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3.72

Exercised

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(427,492)

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0.036

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4.20

Forfeited

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(104,800)

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0.036

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4.74

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Outstanding at December 31, 2023

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5,169,104

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0.036

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3.66

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Exercisable at December 31, 2023

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2,237,104

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0.036

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3.57

Non-vested at December 31, 2023

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2,932,000

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0.036

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3.73

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Outstanding at January 1, 2024

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5,169,104

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0.036

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3.66

Exercised

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(1,040,440)

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0.036

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3.82

Forfeited

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(221,200)

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0.036

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3.95

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Outstanding at December 31, 2024

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3,907,464

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0.036

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3.61

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Exercisable at December 31, 2024

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2,585,464

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0.036

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3.54

Non-vested at December 31, 2024

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1,322,000

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0.036

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3.73

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Outstanding at January 1, 2025

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3,907,464

​

0.036

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3.61

Exercised

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(837,828)

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0.036

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3.78

Forfeited

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(71,000)

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0.036

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4.89

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Outstanding at December 31, 2025

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2,998,636

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0.036

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3.53

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Exercisable at December 31, 2025

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2,998,636

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0.036

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3.53

Non-vested at December 31, 2025

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—

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—

Movements in number of RSUs granted and respective weighted-average grant date fair values

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Weighted-average

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Weighted-average

 

grant date

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Number of

 

purchase price

 

fair value*

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  ​ ​ ​

RSUs

  ​ ​ ​

USD per RSU

  ​ ​ ​

USD per RSU

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Outstanding as of July 1, 2023

 

6,165,460

 

0.036

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4.22

Granted

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125,672

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0.030

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5.37

Vested

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(209,116)

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0.024

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3.55

Forfeited

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(123,760)

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0.036

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3.16

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Outstanding as of December 31, 2023

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5,958,256

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0.036

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4.32

Granted

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21,597,470

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0.001

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5.47

Vested

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(1,279,920)

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0.035

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4.29

Forfeited

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(1,557,522)

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0.005

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5.25

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Outstanding as of December 31, 2024

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24,718,284

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0.008

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5.27

Granted

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3,693,408

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0.002

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4.39

Vested

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(1,902,320)

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0.008

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5.53

Forfeited

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(2,072,480)

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0.002

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4.40

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Outstanding as of December 31, 2025

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24,436,892

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0.007

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4.39

Summary on key assumptions used in determining the fair value of restricted stock

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Inputs

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 ​

Discount rate

 

12.8%

Perpetual growth rate

 

2.0%

Expected dividends

 

0.0%

DLOM

 

12.1%~13.9%

Expected volatility

 

42.1%-46.8%

Discount for lack of control

 

24.1%

Restricted shares  
Equity settled share-based payments  
Summary on movements in the number of restricted shares granted to employees and the respective weighted-average grant date fair value

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Weighted-average

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 grant date 

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fair value

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Number of

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 USD per

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​

 restricted shares

​

 restricted share

 ​

 

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 ​

Outstanding as of January 1, 2025

 

—

 

—

Granted during the year

 

85,016,800

 

1.1137

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Outstanding as of December 31, 2025

 

85,016,800

 

1.1137