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INTANGIBLE ASSETS, NET | 12 Months Ended
--- | ---
Dec. 31, 2025
INTANGIBLE ASSETS, NET |
INTANGIBLE ASSETS, NET | 5.INTANGIBLE ASSETS, NET Intangible assets, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Intangible assets with indefinite lives: | ​ | ​ | ​ | ​
Brand names |  | 5,235 |  | 5,593
Master brand agreement |  | 192 |  | 192
Intangible assets with finite lives: |  | ​ |  | ​
Franchise or manachise agreements |  | 248 |  | 249
Purchased software |  | 149 |  | 159
Other intangible assets |  | 74 |  | 76
Total |  | 5,898 |  | 6,269
Less: Accumulated amortization |  | 228 |  | 263
Less: Accumulated impairment loss(Note2) | ​ | 894 | ​ | 978
Total |  | 4,776 |  | 5,028
​ Amortization expense of intangible assets for the years ended December 31, 2023, 2024 and 2025 amounted to RMB45, RMB39, and RMB38, respectively. There were 3 brand names with indefinite lives acquired in DH acquisition. Impairment recognized relating to these brand names were RMB160, RMB391 and nil, respectively for the years ended December 31, 2023, 2024 and 2025. The annual estimated amortization expense for the above intangible assets excluding brand names and master brand agreement for the following years is as follows: ​
​ | ​ | ​
​ | ​ | Amortization for
​ | ​ ​ ​ | Intangible Assets
2026 |  | 29
2027 |  | 25
2028 |  | 21
2029 |  | 20
2030 |  | 17
Thereafter |  | 94
Total |  | 206
​

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