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INTEREST EXPENSES (Tables)
12 Months Ended
Dec. 31, 2025
INTEREST EXPENSES  
Schedule of Interest Expenses

Components of interest expenses are detailed as follows (RMB in thousands):

For the years ended December 31, 

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

Interest expenses

 

1,242,793

 

1,203,871

 

1,389,014

Less: Interest capitalization

 

(71,657)

 

(60,792)

 

(28,876)

Total

 

1,171,136

 

1,143,079

 

1,360,138