v3.26.1
Goodwill
12 Months Ended
Dec. 31, 2025
Goodwill  
Goodwill

7. Goodwill

The carrying amount of goodwill by reporting units as of December 31, 2024 and 2025 are as follows:

As of December 31,

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

Express Delivery

4,157,111

4,157,111

Freight Forwarding

84,430

Total Goodwill

4,241,541

4,157,111

In the annual goodwill impairment assessment, the Company concluded that the carrying amount of freight forwarding report unit exceeded its fair value and recorded impairment losses of RMB84,430 for the year ended December 31, 2025.