XML 102 R85.htm IDEA: XBRL DOCUMENT v3.26.1
TAXATION - Income Tax Rate Reconciliation (Details)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
TAXATION      
Statutory CIT rate 25.00% 25.00% 25.00%
-Share-based compensation expenses   (3.30%) 0.60%
-Change in fair value of convertible senior notes   31.30% 0.10%
-Accrued payroll and welfare expenses   0.10% 0.10%
-Change of enacted tax rate and preferential tax benefit   (80.80%) (1.40%)
-Other permanent differences   93.30% (0.30%)
Difference in tax rate of subsidiaries outside the PRC   (43.40%) 2.40%
Effect of tax holiday for subsidiaries 3.50% (189.50%) (10.70%)
U.S. tax credits   (71.80%) (0.50%)
Change in valuation allowance (2.10%) 265.80% 1.50%
Effective tax rate 24.20% 26.70% 16.80%