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LEASES (Tables)

12 Months Ended

Dec. 31, 2025

LEASES

Schedule of operating lease

​

​	​	​	​	​
​	​ ​ ​	As of December 31,
​	​ ​ ​	2024	​ ​ ​	2025
​		RMB		RMB
Right-of-use assets, net		542,202		1,275,805
Operating lease liabilities, current		195,438		424,363
Operating lease liabilities, non-current		352,618		849,936

Schedule of operating lease expenses and short-term lease expenses

​

​	​	​	​	​	​	​
​	​ ​ ​	For the Years Ended
​	​ ​ ​	December 31,
​	​ ​ ​	2023	​ ​ ​	2024	​ ​ ​	2025
​		RMB		RMB		RMB
Operating lease expenses		46,775		152,682		311,619
Short-term lease expenses		5,734		14,697		23,290
Cash paid for amounts included in the measurement of lease liabilities		50,871		144,651		323,239
Right-of-use assets obtained in exchange for new operating lease liabilities		95,476		552,682		1,052,922

​

​	​	​	​	​	​
​	​	As of December 31,
​	​ ​ ​	2024	​ ​ ​	2025
​	​ ​ ​	RMB	​ ​ ​	RMB
Weighted average remaining lease term (in years)	​	3.32	​	3.61
Weighted average discount rate		4.14	%	4.85	%

Schedule of maturities of operating lease liabilities

Maturities of operating lease liabilities as of December 31, 2025 are as follows:

​	​	​
​	​ ​ ​	RMB
For the year ending December 31, 2026		472,680
For the year ending December 31, 2027		402,880
For the year ending December 31, 2028		273,154
For the year ending December 31, 2029		121,321
For the year ending December 31, 2030		55,384
Thereafter		78,173
Total remaining undiscounted lease payments		1,403,592
Less: imputed interest		(129,293)
Present value of operating lease liabilities		1,274,299

X

- Definition

Tabular disclosure of balance sheet components of lessee operating leases.

+ References

No definition available.

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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- References

No definition available.

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

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