| Schedule of significant segment expense and other segment items |
| | | | | | | | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Revenues | | 38,418,915 | | 44,280,720 | | 49,098,667 | Less: | | | | | | | Line-haul transportation cost | | 13,591,627 | | 13,966,446 | | 13,970,542 | Sorting hub cost | | 8,253,522 | | 9,163,784 | | 9,837,678 | Freight forwarding cost | | 854,533 | | 828,270 | | 760,308 | Cost of accessories sold | | 513,391 | | 651,729 | | 577,950 | Other costs(1) | | 3,543,316 | | 5,953,399 | | 11,680,748 | Selling, general and administrative excluding Share-based compensation expense | | 2,170,277 | | 2,371,325 | | 2,408,310 | Share-based compensation expense | | 254,976 | | 318,692 | | 229,250 | Loss/(gain) on disposal of equity investees, subsidiaries and others | | (5,485) | | 10,518 | | (37,034) | Impairment of investment in equity investees | | — | | 931,367 | | — | Impairment of goodwill | | — | | — | | 84,431 | Other segment items(2) | | 488,301 | | 1,197,595 | | 350,823 | Net income | | 8,754,457 | | 8,887,595 | | 9,235,661 |
(1) | Other costs mainly include information technology related cost, pickup and dispatching costs paid to network partners associated with serving enterprise customers, and business tax surcharges. |
(2) | Other segment items primarily include other operating income, net, interest income, interest expenses, gain from fair value changes of financial instruments and income tax expense as reported in the consolidated statements of comprehensive income. |
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