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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful life of property and equipment

​

​	​	​
Category	​ ​ ​	Estimated useful lives
Electronic equipment		3 years
Teahouse operation equipment		3 years
Vehicles		4 years
Manufacturing equipment		10 years
Property		20 years
Leasehold improvements		Shorter of the term of the lease or the estimated useful lives of the assets

Schedule of long-lived assets by Geographic Areas

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​	​	​	​	​
​	​ ​ ​	As of December 31,
​	​ ​ ​	2024	​ ​ ​	2025
​	​	RMB	​	RMB
Long-lived assets:	​	​	​	​
China		591,653		979,834
Singapore		147,078		298,268
Other countries		52,474		581,373
Total long-lived assets		791,205		1,859,475

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- Definition

Tabular disclosure of the useful life of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.

+ References

No definition available.

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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