v3.26.1
ACCOUNTS RECEIVABLE AND CONTRACT ASSETS, NET (Details) - CNY (¥)
¥ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts receivable      
Accounts receivable ¥ 72,851 ¥ 20,945  
Allowance for uncollectible Accounts receivable 0 0 ¥ 0
Accounts receivable, net 72,851 20,945  
Contract assets      
Contract assets 1,087,440 2,492,753  
Allowance for Uncollectible Contract assets (188,032) (272,036) (320,676)
Contract assets, net 899,408 2,220,717  
Movement of allowance for uncollectible contract assets      
Opening balance 272,036 320,676 314,966
Reclassification 474   22,742
Current year net provision 337,090 444,796 197,156
Write off in the current year (421,568) (493,436) (214,188)
Ending balance 188,032 272,036 320,676
Accounts receivable and contract assets      
Accounts receivable and contract assets   7,986  
Allowance for uncollectible accounts receivable and contract assets   (5,763)  
Accounts receivable and contract Assets, net 0 2,223  
Opening balance 5,763 22,868 95,607
Reclassifications (474)   (22,742)
Current year net (reversal) provision 1,613 1,973 (10,809)
Write off in the current year (6,902) (19,078) (39,188)
Ending balance   5,763 22,868
Amount of contract assets originated in current fiscal year 1,160,291 2,513,698  
2025      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 714,048    
2024      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 421,142 2,260,593  
2023      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 25,101 197,328  
2022      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year   55,777  
Loan facilitation service      
Contract assets      
Contract assets 637,587 1,225,550  
Allowance for Uncollectible Contract assets (132,154) (208,720) (276,307)
Contract assets, net 505,433 1,016,830  
Movement of allowance for uncollectible contract assets      
Opening balance 208,720 276,307 288,365
Reclassification 262   19,619
Current year net provision 182,957 295,839 123,001
Write off in the current year (259,785) (363,426) (154,678)
Ending balance 132,154 208,720 276,307
Accounts receivable and contract assets      
Accounts receivable and contract assets   4,949  
Allowance for uncollectible accounts receivable and contract assets   (3,942)  
Accounts receivable and contract Assets, net   1,007  
Opening balance 3,942 18,542 88,348
Reclassifications (262)   (19,619)
Current year net (reversal) provision 324 (1,968) (22,554)
Write off in the current year (4,004) (12,632) (27,633)
Ending balance   3,942 18,542
Amount of contract assets originated in current fiscal year 637,587 1,225,550  
Loan facilitation service | 2025      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 439,787    
Loan facilitation service | 2024      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 183,006 1,009,370  
Loan facilitation service | 2023      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 14,794 180,515  
Loan facilitation service | 2022      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year   35,665  
Post facilitation service      
Contract assets      
Contract assets 114,425 210,664  
Allowance for Uncollectible Contract assets (55,878) (63,316) (44,369)
Contract assets, net 58,547 147,348  
Movement of allowance for uncollectible contract assets      
Opening balance 63,316 44,369 26,601
Reclassification 212   3,123
Current year net provision 136,041 148,957 74,155
Write off in the current year (143,691) (130,010) (59,510)
Ending balance 55,878 63,316 44,369
Accounts receivable and contract assets      
Accounts receivable and contract assets   2,979  
Allowance for uncollectible accounts receivable and contract assets   (1,821)  
Accounts receivable and contract Assets, net   1,158  
Opening balance 1,821 4,326 7,259
Reclassifications (212)   (3,123)
Current year net (reversal) provision 1,289 3,941 11,745
Write off in the current year (2,898) (6,446) (11,555)
Ending balance   1,821 ¥ 4,326
Amount of contract assets originated in current fiscal year 114,425 210,664  
Post facilitation service | 2025      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 45,308    
Post facilitation service | 2024      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 58,834 176,794  
Post facilitation service | 2023      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 10,283 14,366  
Post facilitation service | 2022      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year   19,504  
Referral services fees      
Accounts receivable      
Accounts receivable 72,851 20,945  
Accounts receivable, net 72,851 20,945  
Contract assets      
Contract assets 335,428 1,056,539  
Contract assets, net 335,428 1,056,539  
Movement of allowance for uncollectible contract assets      
Current year net provision 18,092    
Write off in the current year (18,092)    
Accounts receivable and contract assets      
Accounts receivable and contract assets   58  
Accounts receivable and contract Assets, net   58  
Amount of contract assets originated in current fiscal year 408,279 1,077,484  
Referral services fees | 2025      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 228,953    
Referral services fees | 2024      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year 179,302 1,074,429  
Referral services fees | 2023      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year ¥ 24 2,447  
Referral services fees | 2022      
Accounts receivable and contract assets      
Amount of contract assets originated in current fiscal year   ¥ 608