| Schedule of property and equipment |
| | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | Cost | | | | | Land | | 39,312 | | 42,439 | Buildings | | 342,673 | | 342,706 | Electronic equipment | | 139,418 | | 173,819 | Leasehold improvements | | 81,431 | | 112,866 | Machinery and equipment | | 350,483 | | 533,554 | Furniture and fixture | | 193,190 | | 193,318 | Transportation vehicles | | 6,487 | | 8,158 | Total cost | | 1,152,994 | | 1,406,860 | Less: accumulated depreciation | | (274,177) | | (363,172) | Less: impairment provision | | — | | (21,845) | Property and equipment, net | | 878,817 | | 1,021,843 | Construction in Progress | | 65,401 | | 77,440 | Total | | 944,218 | | 1,099,283 |
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