v3.26.1
GUARANTEE LIABILITIES
12 Months Ended
Dec. 31, 2025
GUARANTEE LIABILITIES.  
GUARANTEE LIABILITIES

11.GUARANTEE LIABILITIES

The movement of guarantee liabilities during 2024 and 2025 is as follows:

Guarantee liabilities-stand ready

  ​ ​ ​

RMB

As of January 1, 2024

 

3,949,601

Provision at the inception of new loans

 

2,350,319

Released into revenue

 

(3,916,718)

As of December 31, 2024

 

2,383,202

As of January 1, 2025

 

2,383,202

Provision at the inception of new loans

 

3,549,392

Released into revenue

(3,617,729)

As of December 31, 2025

 

2,314,865

11.GUARANTEE LIABILITIES – continued

Guarantee liabilities-contingent

  ​ ​ ​

RMB

As of January 1, 2024

 

3,207,264

Provision for contingent liabilities

 

478,404

Net payout (1)

(1,865,318)

As of December 31, 2024

 

1,820,350

As of January 1, 2025

 

1,820,350

Provision for contingent liabilities

 

1,667,742

Net payout (1)

(1,615,943)

As of December 31, 2025

 

1,872,149

(1)Net payout represents the amount paid upon borrowers’ default net of subsequent recoveries from the borrowers during a given period.

The following table summarizes the aging of the Group’s contractual amounts of the outstanding loans subject to guarantee:

31-60

61-90

Over 90

0-30 days

days

days

days

past

past

past

past

  ​ ​ ​

due

  ​ ​ ​

due

  ​ ​ ​

due

  ​ ​ ​

due

  ​ ​ ​

Current

  ​ ​ ​

Total loans

December 31, 2024 (RMB):

200,765

96,403

10,661

24,515,488

24,823,317

December 31, 2025 (RMB):

367,325

193,948

11,612

21,846,082

22,418,967

As of December 31, 2024 and 2025, the contractual amounts of the outstanding loans subject to guarantee by the Group is estimated to be RMB24,823,317 and RMB22,418,967, respectively. The approximate term of guarantee compensation service ranged from 1 month to 36 months as of December 31, 2024 and 2025, respectively. As of December 31, 2024 and 2025, the contractual amounts of the outstanding loans (excluding loans that are written off) that have been compensated by the Group and therefore no longer subject to guarantee were estimated to be RMB2,509,177 and RMB2,413,098, respectively.