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v3.26.1

BORROWINGS - Narrative (Details) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
May 31, 2025 CNY (¥) | Mar. 31, 2025 CNY (¥) | Jan. 31, 2025 CNY (¥) | Dec. 31, 2025 CNY (¥) | Dec. 31, 2025 USD ($) | Dec. 31, 2024 CNY (¥)
Borrowings |  |  |  |  |  |
Short-term borrowings |  |  |  | ¥ 207,717 | $ 29,703 | ¥ 288,280
Longterm borrowings |  |  |  | 182,917 |  | ¥ 0
363-day Unsecured borrowing arrangements |  |  |  |  |  |
Borrowings |  |  |  |  |  |
Borrowing term |  |  | 363 days |  |  |
Face amount |  |  | ¥ 122,200 |  |  |
Fixed borrowing rate |  |  | 2.48% |  |  |
Borrowing to be paid off on March 31, 2025 |  |  | ¥ 23,300 |  |  |
Borrowing to be paid off on June 30, 2025 |  |  | 3,900 |  |  |
Borrowing to be paid off on July 12, 2025 |  |  | 22,800 |  |  |
Borrowing to be paid off on December 31, 2025 |  |  | 3,900 |  |  |
Borrowing to be paid off on January 12, 2026 |  |  | 22,800 |  |  |
Borrowing to be paid off on January 25, 2026 |  |  | ¥ 45,600 |  |  |
Short-term borrowings |  |  |  | 68,300 |  |
360-day Unsecured borrowing arrangements |  |  |  |  |  |
Borrowings |  |  |  |  |  |
Borrowing term | 360 days |  |  |  |  |
Face amount | ¥ 35,300 |  |  |  |  |
Fixed borrowing rate | 2.38% |  |  |  |  |
Borrowing to be paid off on June 30, 2025 | ¥ 8,800 |  |  |  |  |
Borrowing to be paid off on December 31, 2025 | 8,800 |  |  |  |  |
Borrowing to be paid off on May 25, 2026 | ¥ 17,700 |  |  |  |  |
Short-term borrowings |  |  |  | 17,700 |  |
36 months Revolving credit facility |  |  |  |  |  |
Borrowings |  |  |  |  |  |
Borrowing term | 36 months |  |  |  |  |
Short-term borrowings |  |  |  | ¥ 121,700 |  |
Maximum borrowing capacity | ¥ 400,000 |  |  |  |  |
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |  |  |  | us-gaap:PrimeRateMember |  |
Basis spread on variable rate |  |  |  | 0.89% |  |
60 months Revolving credit facility |  |  |  |  |  |
Borrowings |  |  |  |  |  |
Borrowing term |  | 60 months |  |  |  |
Longterm borrowings |  |  |  | ¥ 0 |  |
Maximum borrowing capacity |  | ¥ 350,000 |  |  |  |
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |  |  |  | us-gaap:PrimeRateMember |  |
Basis spread on variable rate |  |  |  | 0.55% |  |
24 months Revolving credit facility |  |  |  |  |  |
Borrowings |  |  |  |  |  |
Borrowing term | 24 months |  |  |  |  |
Longterm borrowings |  |  |  | ¥ 182,900 |  |
Maximum borrowing capacity | ¥ 600,000 |  |  |  |  |
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |  |  |  | us-gaap:PrimeRateMember |  |
Basis spread on variable rate |  |  |  | 0.86% |  |

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