| Other Current Liabilities |
9. Other Current Liabilities Other current liabilities consist of the following: | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | Payables related to property and equipment | | 1,736,579 | | 1,867,940 | Deposits from network partners (1) | | 356,932 | | 281,562 | Salary and welfare payable | | 1,454,952 | | 1,319,887 | Payables to individual couriers and network partners (2) | | 1,432,918 | | 1,268,583 | Accrued expenses | | 497,111 | | 360,896 | Others | | 1,093,000 | | 1,189,846 | Total | | 6,571,492 | | 6,288,714 |
(1) | Deposits from network partners primarily represent the waybill deposits collected from the pickup outlets operated by network partners. The deposits will be refunded when the parcels are delivered to the recipients. |
(2) | Payables to individual couriers and network partners represent the amount to be paid by the Company to the network partners or individual couriers on behalf of its network partners for their last mile dispatch. |
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