Borrowings (Tables)

12 Months Ended

Dec. 31, 2025

Long-Term Debt, by Type Alternative [Abstract]

Schedule of Borrowing in Respective Balance Sheet

Borrowings were as follows as of the respective balance sheet dates:


	As of December 31,
	2024		2025
	RMB		RMB
Short-term bank borrowing		2,365,535		—
Long-term bank borrowings, current portion		1,938,385		2,118
Long-term bank borrowings, non-current portion		—		3,133

Total		4,303,920		5,251

Schedule of Long-term Borrowings

As of December 31, 2025, the long-term borrowings, including the portion due within one year which were recorded in “Long-term borrowings, current portion”, will be repaid according to the following schedule:


	Amounts
	RMB
2026		2,118
2027		1,812
2028		991
2029		330

Total		5,251

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details