v3.26.1
BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2025
BORROWINGS  
Schedule of short-term and long-term borrowings

  ​ ​ ​

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

Short-term borrowings:

 

  ​

 

  ​

Short-term bank borrowings

 

148,800

 

51,776

Secured bank borrowings related to discounted notes receivable

80,000

280,000

Long-term bank borrowings, current portion

 

116,453

 

116,457

Total

 

345,253

 

448,233

Long-term borrowings:

 

 

Long-term bank borrowings

 

269,438

 

278,727

Schedule of principal maturities of the long-term borrowings

  ​ ​ ​

As of December 31,

2024

2025

RMB

RMB

2026

 

116,453

 

2027

 

119,355

 

119,355

2028

 

 

2029 and after

 

33,630

 

159,372

Total

 

269,438

 

278,727