XML 38 R16.htm IDEA: XBRL DOCUMENT
v3.26.1

PROPERTY AND EQUIPMENT, NET | 12 Months Ended
--- | ---
Dec. 31, 2025
PROPERTY AND EQUIPMENT, NET |
PROPERTY AND EQUIPMENT, NET | 7.PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2024 | ​ | 2025
​ | ​ ​ ​ | RMB | ​ ​ ​ | RMB
Leasehold improvements |  | 212,239 |  | 568,314
Teahouse operation equipment |  | 40,840 |  | 118,807
Electronic equipment |  | 22,106 |  | 43,565
Manufacturing equipment |  | 27,449 |  | —
Vehicles |  | 14,289 |  | 18,760
Property |  | 649 |  | 374
Construction in progress |  | 4,177 |  | 37,466
Total |  | 321,749 |  | 787,286
Less: accumulated depreciation |  | (72,746) |  | (203,616)
Net book value |  | 249,003 |  | 583,670
​ Depreciation expense was RMB10.4 million, RMB60.3 million and RMB133.0 million for the years ended December 31, 2023, 2024 and 2025, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration