LOANS RECEIVABLE, NET |
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| LOANS RECEIVABLE, NET | 5.LOANS RECEIVABLE, NET Loans receivable consists of the following:
As of December 31, 2024 and 2025, the accrued interest receivables are RMB311,226 and RMB396,043 (net of allowance RMB26,249 and RMB33,977, respectively), which is recorded under loans receivable. The following table presents the aging of loans as of December 31, 2024 and 2025:
The Group has not recorded any financing income on an accrual basis for the loans that are past due for more than 60 days in 2025 (60 days in 2024). Loans are returned to accrual status if they are brought to non-delinquent status or have performed in accordance with the contractual terms for a reasonable period of time and, in the Group’s judgment, will continue to make periodic principal and interest payments as scheduled. For the years ended December 31, 2023, 2024 and 2025, the Group has charged off loans receivable of RMB1,844,349, RMB2,419,180 and RMB3,196,230, respectively. Movement of allowance for loan losses is as follows:
The principal of loans receivable as of December 31, 2024 by year of origination is as follows:
The principal of loans receivable as of December 31, 2025 by year of origination is as follows:
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