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PROPERTY, PLANT AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2025
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

9. PROPERTY, PLANT AND EQUIPMENT, NET

As of December 31, 

 

2024

 

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

 

(in thousands)

Office building

 

697,136

 

697,455

Vehicles

 

23,939

 

21,320

Computer equipment

 

1,179,606

 

1,247,976

Furniture and office equipment

 

395,828

 

410,740

Leasehold improvement

 

3,477,118

 

3,220,054

Construction in progress

 

176,006

 

184,489

Total

 

5,949,633

 

5,782,034

Less: accumulated depreciation

 

(3,530,150)

 

(3,693,138)

Less: accumulated impairment

(19,272)

(19,272)

Net book value

 

2,400,211

 

2,069,624

Depreciation expenses recognized for the years ended December 31, 2023, 2024 and 2025 amounted to RMB775.0 million, RMB743.7 million and RMB934.1 million, respectively.