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v3.26.1

RELATED PARTY TRANSACTIONS - Loan receivables from related parties (Details) ¥ in Thousands, $ in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2025 CNY (¥) | Dec. 31, 2025 USD ($) | Dec. 31, 2024 CNY (¥)
RELATED PARTY TRANSACTIONS |  |  |
Short-term loans receivables from related parties | ¥ 315,755 | $ 45,152 | ¥ 18,797
Long-term loans receivables from related parties | 39,573 | 5,659 | 131,410
Short-term borrowings | 207,717 | $ 29,703 | 288,280
Longterm borrowings | 182,917 |  | 0
Loan payable to related parties | 390,634 |  | 288,280
Related party |  |  |
RELATED PARTY TRANSACTIONS |  |  |
Loan receivables from related parties | 355,328 |  | 150,207
Loan payable to related parties | ¥ 757,188 |  | 0
Related party | Maximum |  |  |
RELATED PARTY TRANSACTIONS |  |  |
interest rates of the loans to related parties | 12.00% | 12.00% |
Borrowing interest rates range | 3.00% | 3.00% |
Payment terms of borrowings | 36 months |  |
Related party | Minimum |  |  |
RELATED PARTY TRANSACTIONS |  |  |
interest rates of the loans to related parties | 0.10% | 0.10% |
Borrowing interest rates range | 0.00% | 0.00% |
Payment terms of borrowings | 6 months |  |
Related party | IFM |  |  |
RELATED PARTY TRANSACTIONS |  |  |
Short-term loans receivables from related parties | ¥ 12,000 |  | 10,000
Long-term loans receivables from related parties | 10,360 |  | 22,360
Related party | Beihaojia business investees |  |  |
RELATED PARTY TRANSACTIONS |  |  |
Short-term loans receivables from related parties | 289,275 |  | 0
Long-term loans receivables from related parties | 15,900 |  | 109,050
Short-term borrowings | 497,939 |  | 0
Longterm borrowings | 259,249 |  | 0
Related party | Others |  |  |
RELATED PARTY TRANSACTIONS |  |  |
Short-term loans receivables from related parties | 14,480 |  | 8,797
Long-term loans receivables from related parties | ¥ 13,313 |  | ¥ 0

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