v3.26.1
Expense by nature
12 Months Ended
Dec. 31, 2025
Expense by nature  
Expense by nature

8. Expense by nature

The following table presents the expenses by nature for the years ended December 31, 2023, 2024 and 2025:

  ​ ​ ​

For the Year Ended December 31, 

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

RMB

Transaction related cost (i)

 

154,854,420

160,892,189

172,162,214

Employee benefits expenses

 

14,594,912

13,969,975

14,674,492

– Wages, salaries, bonuses, social security and others

11,169,313

10,878,600

11,826,858

– Share-based compensation expenses (Note 30)

2,589,593

2,252,738

1,963,506

– Pension costs – defined contribution plans (ii)

836,006

838,637

884,128

Promotion, advertising and incentives

 

7,687,159

9,531,908

14,640,908

Expected credit losses

 

2,090,866

3,347,767

6,055,583

Provision for the shareholder class action lawsuit

5,297,364

Depreciation of property and equipment and right-of-use assets (Note 15 and Note 16)

 

3,821,925

3,026,236

2,823,916

Driver operation fees

 

2,142,690

2,668,220

2,970,350

Third party customer service expenses

 

1,122,836

1,256,259

1,406,763

Amortization of intangible assets (Note 18)

 

1,003,282

138,831

37,783

Impairment of property and equipment and other assets

165,159

24,577

20,067

(i)

Transaction related costs primarily consist of driver costs, insurance costs and payment processing charges related to the Group’s service offerings.

(ii)

Employees of the Group companies are required to participate in defined contribution plans administered and operated by the local governmental authorities. The Group contributes funds which are calculated on certain percentages of the employees’ salary subject to certain ceilings imposed by governmental authorities to each scheme locally.

The Group had incurred expenses for the purpose of research and development of approximately RMB8,933,956, RMB7,753,961 and RMB8,440,101 for the years ended December 31, 2023, 2024 and 2025, respectively.

No significant development expenses had been capitalized for the years ended December 31, 2023, 2024 and 2025, respectively.