v3.26.1
Interest-Bearing Bank and Other Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Interest-Bearing Bank and Other Borrowings [Abstract]  
Schedule of Interest-Bearing Bank and Other Borrowings

2024 

 

   Effective interest rate
per annum (%)		  Maturity   RMB 
            
Current             
Short-term borrowing  2.60-2.70 or 1 year LPR-0.30 to 0.75   2025    290,000 
Current portion of long-term bank loans – unsecured  1 year LPR-0.15 to 0.65 or 1 year LPR+0.65 to 0.85   2025    213,170 
Current portion of long-term bank loans – unsecured  2.80 - 4.55   2025    255,000 
Current portion of long-term bank loans – secured*  5 year LPR-0.85   2025    11,453 
Lease liabilities (note 13(b))  4.00 - 4.35   2025    9,439 
              
Total – current           779,062 
              
Non-current             
Bank loans – unsecured  1 year LPR-0.45 to 0.65 or 1 year LPR+0.70 to 0.85   2026 - 2028    203,100 
Bank loans – unsecured  2.80-4.50   2026 - 2027    77,250 
Bank loans – secured*  5 year LPR-0.85   2026 - 2038    588,292 
Lease liabilities (note 13(b))  4.00 - 4.35   2026 - 2028    20,793 
              
Total – non-current           889,435 
              
Total           1,668,497 

 

2025

 

   Effective interest rate
per annum (%)		  Maturity  RMB   US$ 
               
Current                
Short-term borrowing  2.11-2.50 or 1 year LPR-0.60 to 0.89  2026   1,040,000    148,718 
Current portion of long term bank loans – unsecured  2.80  2026   2,500    358 
Current portion of long term bank loans – unsecured  1 year LPR-0.45 to 0.75  2026   156,200    22,336 
Current portion of long-term bank loans – secured*  5 year LPR-0.85  2026   16,498    2,359 
Lease liabilities (note 13(b))  4.00 - 4.35  2026   7,283    1,041 
                 
Total – current         1,222,481    174,812 
                 
Non-current                
Bank loans – unsecured  1 year LPR-0.45 to 0.75  2027 – 2028   114,900    16,431 
Bank loans – unsecured  2.80  2027   43,750    6,256 
Bank loans – secured*  5 year LPR-0.85  2027 – 2038   583,675    83,464 
Lease liabilities (note 13(b))  4.00 - 4.35  2027 – 2028   14,913    2,133 
                 
Total – non-current         757,238    108,284 
                 
Total         1,979,719    283,096 
*

The bank loans amounting to RMB600,173 (US$85,823) as at December 31, 2025 were secured by the pledge of the Group’s buildings with a net carrying amount of RMB676,985 (US$96,808) and right-of-use assets with a net carrying amount of RMB25,338 (US$3,623) as at December 31, 2025. Such loans were also guaranteed by two of the Group’s subsidiaries.
Schedule of Weighted Average Interest Rate for the Outstanding Short-Term Bank Loans The weighted average interest rate for the outstanding short-term bank loans as of December 31, 2024 and 2025, was 2.63% and 2.18%, respectively.
   As at December 31, 
   2024   2025   2025 
   RMB   RMB   US$ 
             
Analyzed into:            
Within one year   779,062    1,222,481    174,812 
In the second year   242,473    160,201    22,908 
In the third to fifth years, inclusive   159,355    140,100    20,034 
Beyond five years   487,607    456,937    65,342 
                
Total   1,668,497    1,979,719    283,096