Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule Loss by tax jurisdictions

	Years ended December 31,
	2022			2023		2024
	RMB			RMB		RMB
Net income from PRC operations		1,047,102			1,760,139		2,862,980
Net (loss) income from non-PRC operations		(539,167	)		573,758		499,868
Total net income before tax		507,935			2,333,897		3,362,848

Schedule the current and deferred portion of income tax expenses included in the consolidated statements of operations and comprehensive loss

	Years ended December 31,
	2022			2023			2024
	RMB			RMB			RMB
Current tax expenses		131,186			227,415			196,233
Deferred tax (benefits) expenses		(35,151	)		(120,611	)		43,178
Total		96,035			106,804			239,411

Schedule Reconciliation of the differences between PRC statutory income tax rate and the Group's effective income tax rate

	Years ended December 31,
	2022			2023			2024
PRC statutory tax rate		25.00	%		25.00	%		25.00	%
Effect of different tax rates of entities operating in other jurisdictions		(5.15	%)		(9.38	%)		(6.30	%)
Preferential tax rates		0.00	%		(3.69	%)		(18.90	%)
PRC Withholding taxes		5.73	%		2.79	%		1.46	%
Net tax effect of super deduction and non-deductible expenses in determining taxable profit		24.87	%		(2.06	%)		0.51	%
True up		(1.24	%)		(7.07	%)		0.75	%
Effect of change of valuation allowance		(30.30	%)		(1.01	%)		4.60	%
Effective tax rate		18.91	%		4.58	%		7.12	%

Schedule Deferred tax assets and deferred tax liabilities

	As of December 31,
	2023			2024
	RMB			RMB
Deferred tax assets
—Advertising and business promotion expenditure		5,260			28,093
—Impairment loss		177,368			265,553
—Allowance for expected credit losses		69,076			116,458
—Accrued expense		142,878			12,478
—Net loss carrying forward		363,929			418,810
—Others		9,555			6,368
Less: valuation allowance		(618,985	)		(754,878	)
Net deferred tax assets		149,081			92,882
Deferred tax liabilities
—Identifiable intangible assets from business combination		108,591			95,570
Total deferred tax liabilities		108,591			95,570

Schedule Movement of valuation allowance

	Years ended December 31,
	2022			2023			2024
	RMB			RMB			RMB
Balance at beginning of the year		811,324			652,610			618,985
(Reversal) addition		(158,714	)		(33,625	)		135,893
Balance at ending of the year		652,610			618,985			754,878

Schedule Of effects of preferential tax rates on earnings per share Table Text block

The effects of preferential tax rates on earnings per share are as follows:

	Years ended December 31,
	2022		2023		2024
Tax saving amount due to preferential tax rates		—		86,110		635,456
Effect on basic earnings per share		—		0.00		0.03
Effect on diluted earnings per share		—		0.00		0.03