v3.26.1
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2025
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, 

  ​ ​ ​

2024

  ​ ​ ​

2025

Cost:

  ​

  ​

Buildings

 

791

 

782

Leasehold improvements

 

11,187

 

10,872

Furniture, fixtures and equipment

 

2,363

 

2,490

Motor vehicles

 

2

 

3

 

14,343

 

14,147

Less: Accumulated depreciation

 

8,769

 

9,121

 

5,574

 

5,026

Construction in progress

 

108

 

204

Property and equipment, net

 

5,682

 

5,230

Depreciation expense was RMB1,276, RMB1,195 and RMB1,114 for the years ended December 31, 2023, 2024 and 2025, respectively.