v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
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

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

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

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