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Cash and cash equivalents
12 Months Ended
Dec. 31, 2025
Cash and cash equivalents  
Cash and cash equivalents

4.

Cash and cash equivalents

Cash and cash equivalents represent cash on hand and demand deposits placed with banks or other financial institutions, and all highly liquid investments with maturities of three months or less. Cash and cash equivalents balance as of December 31, 2024 and 2025 primarily consist of the following currencies:

December 31, 2024

December 31, 2025

RMB

RMB

  ​ ​ ​

Amount

  ​ ​ ​

equivalent

  ​ ​ ​

Amount

  ​ ​ ​

equivalent

RMB

316,708

316,708

510,076

510,076

US$

 

114,353

822,013

24,925

175,190

SGD

 

9,245

49,198

1,342

7,328

Others (i)

 

N/A

992

N/A

69

Total

 

1,188,911

692,663

(i)As of December 31, 2024 and 2025, the other currencies consist of Hong Kong Dollar, Euro and Japanese Yen.