ACCOUNTS RECEIVABLE, NET - THIRD PARTIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ACCOUNTS RECEIVABLE, NET - THIRD PARTIES | 9. ACCOUNTS RECEIVABLE, NET — THIRD PARTIES Components of accounts receivables, net-third parties are detailed as follows (RMB in thousands):
As of December 31, 2024 and 2025, accounts receivable with net book value of RMB646 million and RMB2,043 million were pledged as collateral for the Group’s borrowings (Note 20). The following table summarizes the activity in the allowance for credit losses related to accounts receivable – current for the year ended December 31, 2023, 2024 and 2025:
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