SHARE-BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2025 |
| SHARE-BASED COMPENSATION |
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| Schedule of significant assumptions used in Black Scholes model |
| | | | | | | Year ended , | | Year ended , | | | December 31, 2023 | | December 31, 2025 | Risk-free rate of interest | | 4.13% | | 4.22% | Estimated volatility rate | | 76.20% | | 56.00% | Dividend yield | | 4.70% | | 4.17% | Expected life (years) | | 5.78 | | 5.50 | Exercise price | | USD 0.00001 | | USD 0.00001 |
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| Summary of option activity |
| | | | | | | | | | | | | | | | | Weighted | | | | Weighted | | | | | Weighted | | Average | | | | Average | | | Number of | | Average | | Remaining | | Aggregate | | Grant-date | | | Options | | Exercise Price | | Contract Life | | Intrinsic Value | | Fair value | | | | | USD | | Years | | RMB | | RMB | Options outstanding at December 31, 2024 | | 1,635,250 | | 0.00001 | | 4.22 | | 229,049 | | 49.78 | Options granted in 2025 | | 1,079,134 | | 0.00001 | | 9.39 | | 72,712 | | 152.48 | Options converted in 2025 | | 3,906,464 | | 0.00001 | | 8.89 | | 263,218 | | 109.75 | Options exercised in 2025 | | (1,008,084) | | 0.00001 | | 6.57 | | (67,925) | | 77.60 | Options adjusted for performance conditions in 2025 | | (196,580) | | 0.00001 | | — | | (13,246) | | 152.64 | Options outstanding at December 31, 2025 | | 5,416,184 | | 0.00001 | | 7.69 | | 364,942 | | 104.58 | Options exercisable at December 31, 2025 | | 2,161,753 | | 0.00001 | | 5.70 | | 145,659 | | 80.42 | Options vested or expected to be vested at December 31, 2025 | | 5,416,184 | | 0.00001 | | 7.69 | | 364,942 | | 104.58 |
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| Summary of the restricted shares |
| | | | | | | | | Weighted-Average | | | Number of | | Grant-Date | | | Restricted Shares | | Fair Value | Outstanding at December 31, 2024 | | 5,138,656 | | 99.97 | Granted | | 422,932 | | 98.18 | Converted | | (3,906,464) | | 109.75 | Vested | | (620,910) | | 77.66 | Forfeited | | (152,452) | | 80.34 | Outstanding at December 31, 2025 | | 881,762 | | 74.90 |
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| Schedule of share-based compensation expense |
| | | | | | | | | Year ended , | | Year ended , | | Year ended , | | | December 31, 2023 | | December 31, 2024 | | December 31, 2025 | | | RMB | | RMB | | RMB | Facilitation, origination and servicing expenses | | 75,152 | | 64,658 | | 40,070 | Sales and marketing expenses | | (375) | | (118) | | 1,503 | General and administrative expenses | | 110,827 | | 103,073 | | 336,801 | Total | | 185,604 | | 167,613 | | 378,374 |
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