v3.26.3
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

4.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

As of

December 31, 

June 30, 

  ​ ​ ​

2025

  ​ ​ ​

2026

Cost:

  ​

  ​

Buildings

 

782

 

736

Leasehold improvements

 

10,872

 

10,733

Furniture, fixtures and equipment

 

2,490

 

2,474

Motor vehicles

 

3

 

3

 

14,147

 

13,946

Less: Accumulated depreciation

 

9,121

 

9,178

 

5,026

 

4,768

Construction in progress

 

204

 

221

Property and equipment, net

 

5,230

 

4,989

Depreciation expense was RMB564 and RMB532 for the six months ended June 30, 2025 and 2026, respectively.