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Commitments and contingencies | 12 Months Ended
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Dec. 31, 2023
Commitments and contingencies |
Commitments and contingencies | 22. Commitments and contingencies Capital commitments Capital expenditures contracted for are analysed as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2022 | ​ | 2023
​ |  | RMB |  | RMB
Contracted but not provided for: | ​ | ​ | ​ | ​
A planned factory construction project(i) |  | 273,083 |  | 173,418
Construction commitments |  | — |  | 71,395
Assets under construction |  | 1,725 |  | 45
Total |  | 274,808 |  | 244,858
| (i) | The Group plans to construct a factory to manufacture their selected self-branded products, such as fasteners, located on a parcel of land in Taicang, Jiangsu Province to which the Group acquired the land use rights. In accordance with the land use rights agreement, at least RMB 273,083 capital expenditures in connection with such construction plan is committed by the Group. The Group commenced the construction in the second quarter of 2023 and plans to complete the construction by the end of 2024.
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