Deferred income taxes (Tables)

12 Months Ended

Dec. 31, 2025

Deferred income taxes

Schedule of Significant components of the deferred tax balances


		As of December 31,
		2023		2024		2025
		RMB		RMB		RMB
Total gross deferred tax assets		609,230		1,002,397		3,479,063
Total gross deferred tax liabilities		(495,264)		(531,529)		(881,298)

Offsetting amounts		(329,766)		(388,337)		(622,460)

Net deferred tax assets		279,464		614,060		2,856,603
Net deferred tax liabilities		(165,498)		(143,192)		(258,838)

Schedule of movement on gross deferred tax assets and gross deferred tax liabilities


		Asset
		impairment				Tax losses		Accrued
		and allowances		Lease		carry		expenses and
		for credit losses		Liabilities		forwards		others		Total
		RMB		RMB		RMB		RMB		RMB
As of January 1, 2023		114,222		281,803		105,582		184,190		685,797
Credited (charged) to consolidated income statements		82,741		(88,418)		(18,650)		(76,594)		(100,921)
Credited (charged) to other reserves		946		—		11,832		11,576		24,354
As of December 31, 2023		197,909		193,385		98,764		119,172		609,230
Credited (charged) to consolidated income statements		275,339		18,015		86,227		24,566		404,147
Credited (charged) to other reserves		(2,673)		—		(5,825)		(2,482)		(10,980)
As of December 31, 2024		470,575		211,400		179,166		141,256		1,002,397
Credited (charged) to consolidated income statements		256,543		20,197		1,546,360	*	613,775		2,436,875
Credited (charged) to other reserves		44,476		(42)		(2,078)		(2,565)		39,791
As of December 31, 2025		771,594		231,555		1,723,448		752,466		3,479,063

*	It was mainly due to the recognition of previously unrecognized tax losses to the extent that it is probable that future taxable profit will be available to utilize those tax losses.



		Right-of-		Contract assets
		use assets		and others		Total
		RMB		RMB		RMB
As of January 1, 2023		(288,386)		(467,888)		(756,274)
Credited (charged) to consolidated income statements		90,219		156,335		246,554
Credited (charged) to other reserves		—		14,456		14,456
As of December 31, 2023		(198,167)		(297,097)		(495,264)
Credited (charged) to consolidated income statements		(12,668)		(51,893)		(64,561)
Credited (charged) to other reserves		—		28,296		28,296
As of December 31, 2024		(210,835)		(320,694)		(531,529)
Credited (charged) to consolidated income statements		(25,903)		(173,059)		(198,962)
Credited (charged) to other reserves		—		(150,807)		(150,807)
As of December 31, 2025		(236,738)		(644,560)		(881,298)