Property and Equipment, Net |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, Net | 4. Property and Equipment, Net Property and equipment, net consist of the following:
Depreciation expenses were RMB2,740,819, RMB2,882,579 and RMB3,224,811 for the years ended December 31, 2023, 2024 and 2025 respectively. The Company recorded impairment charges of RMB76,616, RMB23,152 and RMB46,000 related to property and equipment that were expected to be disposed of before the end of their estimated useful lives for the years ended December 31, 2023, 2024 and 2025, respectively. As of December 31, 2024 and 2025, the title certificates for certain buildings of the Company with an aggregate netbook value of approximately RMB2,366,329 and RMB1,316,328, respectively, had not been obtained. |
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