Operating Leases (Tables)

12 Months Ended

Dec. 31, 2025

Operating Leases

Schedule of supplemental information related to leases


		As of December 31,		As of December 31,
		2024		2025
		RMB		RMB
Operating lease right-of-use assets		566,316		398,082

Current operating lease liabilities		183,373		139,787
Non-current operating lease liabilities		377,717		261,257
Total operating lease liabilities		561,090		401,044

Weighted average remaining lease term (in years)		5		4

Weighted average discount rate		4.06	%	3.10	%

Schedule of supplemental cash flow information related to leases


		Year ended		Year ended
		December 31,		December 31,
		2024		2025
		RMB		RMB
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases		268,065		253,125
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases		181,454		115,205
Right-of-use assets decreased due to lease modifications:
Operating leases		26,840		39,529

Schedule of maturities of lease liabilities


		As of		As of
		December 31, 2024		December 31, 2025
		RMB		RMB
Within one year		201,174		152,309
Within a period of more than one year but not more than two years		134,223		77,919
Within a period of more than two years but not more than three years		74,494		56,204
Within a period of more than three years but not more than four years		56,952		43,406
Within a period of more than four years but not more than five years		36,006		19,673
More than five years		99,111		78,954
Total lease commitment		601,960		428,465
Less: Imputed interest		40,870		27,421
Total operating lease liabilities		561,090		401,044
Less: Current operating lease liabilities		183,373		139,787
Long-term operating lease liabilities		377,717		261,257