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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2025
PROPERTY AND EQUIPMENT, NET |
PROPERTY AND EQUIPMENT, NET | 4.PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Cost: | ​ | ​ | ​ | ​
Buildings |  | 791 |  | 782
Leasehold improvements |  | 11,187 |  | 10,872
Furniture, fixtures and equipment |  | 2,363 |  | 2,490
Motor vehicles |  | 2 |  | 3
​ |  | 14,343 |  | 14,147
Less: Accumulated depreciation |  | 8,769 |  | 9,121
​ |  | 5,574 |  | 5,026
Construction in progress |  | 108 |  | 204
Property and equipment, net |  | 5,682 |  | 5,230
​ Depreciation expense was RMB1,276, RMB1,195 and RMB1,114 for the years ended December 31, 2023, 2024 and 2025, respectively.

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