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ACCOUNTS PAYABLE | 12 Months Ended
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Dec. 31, 2025
ACCOUNTS PAYABLE |
ACCOUNTS PAYABLE | 9.ACCOUNTS PAYABLE These amounts represent liabilities for goods and services provided to the Group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Accounts payable mainly comprise payments for goods and services payables to third parties. Accounts payable consist of the following: ​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
​ | ​ | RMB | ​ | RMB
Raw materials |  | 387,884 |  | 434,434
Packaging material |  | 127,653 |  | 109,952
Equipment |  | 40,700 |  | 16,946
Decoration material |  | 17,065 |  | 10,778
Storage and logistics |  | 20,346 |  | 37,411
Others |  | 3,443 |  | 20,268
​ |  | 597,091 |  | 629,789
​

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- Definition The entire disclosure for accounts payable. + References No definition available. + Details
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- References No definition available. + Details
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