LAND-USE RIGHTS, NET |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 | |||
| LAND-USE RIGHTS, NET | |||
| LAND-USE RIGHTS, NET |
In March 2021, the Group acquired a land-use right at a total cost of RMB43,188 for approximately 26,615 square meters of land in Shanghai, the PRC for the construction of a factory. According to the land-use rights policy in the PRC, the Group has a use right over the land, and it is amortized over this period on a straight - line basis. The Group recorded amortization expenses of RMB863, RMB863, and RMB863 for the years ended December 31, 2023, 2024 and 2025, respectively. The remaining lease term was 45.19 years as of December 31, 2025. |