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v3.26.1

DEBT - Bank borrowings (Details) € in Millions, ¥ in Millions, $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2026 CNY (¥) | Mar. 31, 2026 USD ($) | Nov. 30, 2025 CNY (¥) | Jul. 31, 2025 CNY (¥) | Mar. 31, 2024 CNY (¥) | Aug. 31, 2022 EUR (€) | Dec. 31, 2025 CNY (¥) | Dec. 31, 2025 CNY (¥) | Dec. 31, 2024 CNY (¥) | Dec. 31, 2025 USD ($) | Dec. 31, 2024 EUR (€)
Long-term facility entered in August 2022 |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Term of debt instrument |  |  |  |  |  | 3 years |  |  |  |  |
Maximum borrowing amount | € |  |  |  |  |  | € 220 |  |  |  |  |
Long-term debt, current portion | € |  |  |  |  |  |  |  |  |  |  | € 99
Term facility entered in August 2022 | RMB |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing amount | € |  |  |  |  |  | 110 |  |  |  |  |
Revolving credit facility entered in August 2022 |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing amount | € |  |  |  |  |  | € 70 |  |  |  |  |
Syndicated loan contract entered in march 2024 |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Term of debt instrument |  |  |  |  | 5 years |  |  |  |  |  |
Maximum borrowing amount |  |  |  |  | ¥ 400 |  |  |  |  |  |
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |  |  |  |  |  |  |  | us-gaap:PrimeRateMember |  |  |
Percentage points added to the reference rate |  |  |  |  |  |  |  | 0.55% |  |  |
Credit facility drew down amount |  |  |  |  |  |  |  |  | ¥ 340 |  |
Repayment of line of credit facility |  |  |  |  |  |  |  | ¥ 40 | 15 |  |
Outstanding loan amount |  |  |  |  |  |  | ¥ 285 | ¥ 285 | ¥ 325 |  |
Interest rate (as a percent) |  |  |  |  |  |  | 2.55% | 2.55% | 2.90% | 2.55% | 2.90%
Syndicated loan contract entered in march 2024 | Buildings |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Amount pledged as collateral for the loan |  |  |  |  |  |  | ¥ 478 | ¥ 478 | ¥ 510 |  |
Syndicated loan contract entered in march 2024 | Land use rights |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Amount pledged as collateral for the loan |  |  |  |  |  |  | 67 | 67 | ¥ 69 |  |
Loan facility entered in July 2025 |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Term of debt instrument |  |  |  | 1 year |  |  |  |  |  |  |
Maximum borrowing amount |  |  |  | ¥ 2,000 |  |  |  |  |  |  |
Credit facility drew down amount |  |  |  | ¥ 1,400 |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  | 1.80% |  |  |  |  |  |  |
Long-term debt |  |  |  |  |  |  | 1,400 | 1,400 |  |  |
Loan facility entered in July 2025 | Deposits |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Amount pledged as collateral for the loan |  |  |  |  |  |  | ¥ 1,406 | 1,406 |  |  |
Term loan and revolving credit facility entered in November 2025 |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Term of debt instrument |  |  | 12 months |  |  |  |  |  |  |  |
Maximum borrowing amount |  |  | ¥ 300 |  |  |  |  |  |  |  |
Expected extension term |  |  | 36 months |  |  |  |  |  |  |  |
Credit facility drew down amount |  |  |  |  |  |  |  | 0 |  |  |
Term loan and revolving credit facility entered in November 2025 | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Credit facility drew down amount | $ |  | $ 180 |  |  |  |  |  |  |  |  |
Uncommitted revolving loan facility |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Term of debt instrument |  |  |  |  |  |  | 1 year |  |  |  |
Expected extension term |  |  |  |  |  |  | 36 months |  |  |  |
Credit facility drew down amount |  |  |  |  |  |  |  | ¥ 0 |  |  |
Uncommitted revolving loan facility one |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing amount | $ |  |  |  |  |  |  |  |  |  | $ 100 |
Uncommitted revolving loan facility two |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing amount | $ |  |  |  |  |  |  |  |  |  | $ 50 |
Uncommitted revolving loan facility three | Subsequent Event |  |  |  |  |  |  |  |  |  |  |
DEBT |  |  |  |  |  |  |  |  |  |  |
Credit facility drew down amount | ¥ 833 |  |  |  |  |  |  |  |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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