v3.26.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, Net

The following is a summary of property and equipment, net (in thousands):

 

 

As of December 31,

 

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

Computers, equipment and furniture

 

 

40,665

 

 

 

24,937

 

Motor vehicles

 

 

3,869

 

 

 

3,866

 

Leasehold improvements

 

 

45,259

 

 

 

17,091

 

Total

 

 

89,793

 

 

 

45,894

 

Less: accumulated depreciation

 

 

(85,353

)

 

 

(35,166

)

Net book value

 

 

4,440

 

 

 

10,728

 

Depreciation expenses for the years ended December 31, 2023, 2024 and 2025 were RMB5.7 million, RMB3.7 million and RMB3.9 million, respectively.