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v3.26.1

PREPAYMENTS, RECEIVABLES AND OTHER ASSETS (Details) ¥ in Thousands, $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2025 CNY (¥) | Dec. 31, 2024 CNY (¥) | Dec. 31, 2025 USD ($)
Current: |  |  |
Prepaid rental and other deposits | ¥ 1,154,495 | ¥ 1,552,279 |
Advances to suppliers | 448,522 | 692,542 |
VAT-input deductible | 745,485 | 637,686 |
Capitalized costs of obtaining contracts and prepaid initial direct costs | 511,450 | 551,461 |
Deposits paid to real estate developers | 178,249 | 196,241 |
Funds advanced to potential investees | 0 | 153,577 |
Deposit paid for acquisition of land used for properties development | 0 | 122,430 |
Prepaid income tax | 146,646 | 64,163 |
Staff advances | 48,126 | 59,762 |
Receivable related to employees' exercise of share-based awards | 35,137 | 44,521 |
Interests receivable | 7,340 | 15,263 |
Receivables from escrow account | 23,030 | 9,992 |
Others | 427,648 | 542,907 |
Total | 3,726,128 | 4,642,824 | $ 532,829
Non-current: |  |  |
Deferred tax asset (Note 19) | 1,257,595 | 1,005,127 |
VAT-input deductible | 357,511 | 194,818 |
Others | 147,996 | 22,332 |
Total | 1,763,102 | 1,222,277 | $ 252,121
Total undiscounted lease payments | 18,351,672 |  |
Capitalized cost | ¥ 1,403,400 | ¥ 876,200 |

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- Definition Amount of prepaid rent and other deposits that provide economic benefits within a future period of one year or the normal operating cycle, if longer.. + References No definition available. + Details
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