v3.26.1
INTANGIBLE ASSETS, NET - Amortization (Details) - Intangible assets excluding brand names and master brand agreement
¥ in Millions
Dec. 31, 2025
CNY (¥)
Estimated amortization expense  
2026 ¥ 29
2027 25
2028 21
2029 20
2030 17
Thereafter 94
Total ¥ 206