v3.25.2
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2025
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

4.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

As of

December 31, 

June 30, 

    

2024

    

2025

Cost:

  

  

Buildings

 

791

 

791

Leasehold improvements

 

11,187

 

11,189

Furniture, fixtures and equipment

 

2,363

 

2,515

Motor vehicles

 

2

 

3

 

14,343

 

14,498

Less: Accumulated depreciation

 

8,769

 

9,186

 

5,574

 

5,312

Construction in progress

 

108

 

212

Property and equipment, net

 

5,682

 

5,524

Depreciation expense was RMB610 and RMB564 for the six months ended June 30, 2024 and 2025, respectively.