PROPERTY, PLANT, AND EQUIPMENT, NET |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| PROPERTY, PLANT, AND EQUIPMENT, NET | 10.PROPERTY, PLANT, AND EQUIPMENT, NET Property, plant, and equipment, net consisted of the following:
The Group had recorded depreciation expense of RMB29,248, RMB24,077 and RMB22,882 for the years ended December 31, 2022, 2023, and 2024, respectively. No impairment was recorded for the years ended December 31, 2022, 2023, and 2024. In addition, the Group also pledged certain property, plant, and equipment for the Group’s long-term borrowings (See Note 12). |
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