v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Operating Lease Related Assets and Liabilities and Other Information Related to Leases

The table below presents the operating lease related assets and liabilities recorded on the consolidated balance sheets.

 

    As of
December 31,
2025		     As of
June 30,
2026		  
    RMB     RMB  
Right of use assets     878,649       392,387  
                 
Operating lease liabilities, current     785,968       326,432  
Operating lease liabilities, noncurrent     48,033       —  
Total operating lease liabilities     834,001       326,432  

Other information about the Company’s leases is as follows:

 

    For the Six Months
Ended June 30,		  
    2025     2026  
    RMB     RMB  
Operating cash payments for operating leases     1,327,231       513,138  
Weighted average remaining lease term (years)     1.36       0.40  
Weighted average discount rate     3.1 %     3.1 %
Schedule of Maturities of Lease Liabilities

The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2026:

 

    RMB  
For the six months ending December 31, 2026     280,761  
Year ending December 31, 2027     96,768  
Total lease payments     377,529  
Less: Imputed interest     (51,097 )
Present value of lease liabilities     326,432