XML 29 R22.htm IDEA: XBRL DOCUMENT v3.23.3

LEASES

6 Months Ended

Jun. 30, 2023

LEASES

LEASES

14.LEASES

The Group’s leases mainly related to building and the rights to use the land. The total expense related to short-term leases were insignificant for the six months ended June 30, 2022 and 2023, and sublease income of the Group which is recognized in revenues in the consolidated statements of comprehensive income were RMB65 and RMB65 for the six months ended June 30, 2022 and 2023, respectively. The Group recognizes a negative lease expense of RMB75 and RMB67 for the six months ended June 30, 2022 and 2023 under the relief of lease concession from COVID-19 as the Group elects using the variable lease expense approach.

A summary of supplemental information related to operating leases in the six months ended June 30, 2022 and 2023 is as follows:

​

​	​	​	​	​	​
​		Six Months Ended June 30,
​	​	2022		2023	​
Lease cost:		​	​		​
Operating fixed lease cost		2,112	​	2,110	​
Finance lease cost	​	​	​	​	​
— Amortization of ROU assets	​	46	​	41	​
— Interest on lease liabilities	​	57	​	52	​
Short term lease cost	​	0	​	0	​
Variable lease cost		(9)	​	65	​
Total lease cost		2,206	​	2,268	​
​	​	​	​	​	​
Other information:		​	​	​	​
Weighted average remaining lease term		​	​	​	​
Operating leases	​	13	years	13	years
Finance leases	​	27	years	28	years
Weighted average discount rate	​	​	​	​	​
Operating leases	​	6.30	%	6.20	%
Finance leases		3.98	%	4.03	%

​

As of June 30, 2023, the maturities of lease liabilities in accordance with ASC 842 in each of the next five years and thereafter are as follows:

​

​	​	​	​	​
​	​	Total	​	​
​	​	Operating	​	Total Finance
​		Leases		Leases
Remainder of 2023	​	2,211	​	75
2024		4,309	​	158
2025		4,106	​	157
2026		3,917	​	159
2027		3,734	​	162
Thereafter		26,652	​	3,967
​	​	​	​	​
Total minimum lease payments	​	44,929	​	4,678
​	​	​	​	​
Less: amount representing interest	​	13,577	​	1,926
​	​	​	​	​
Present value of minimum lease payments		31,352	​	2,752

​

As of June 30, 2023, the Group has entered 21 lease contracts that the Group expects to account for as operating or finance leases, the future undiscounted lease payments for these non-cancellable lease contracts are RMB6,771, which is not reflected in the consolidated balance sheets.

Supplemental cash flow information related to leases for the years ended June 30, 2022 and 2023 are as follows:

​

​	​	​	​	​
​	​	Six Months Ended June 30,
​		2022		2023
Cash paid for amounts included in the measurement of operating lease liabilities		1,437		2,094
Cash paid for amounts included in the measurement of finance lease liabilities		63		69
Non-cash right-of-use assets obtained in exchange for operating lease liabilities		475		554
Non-cash right-of-use assets obtained in exchange for finance lease liabilities, net of reassessment of finance lease payments		260		53
Non-cash right-of-use assets obtained in acquisition for operating lease		130		—
Non-cash lease liabilities obtained in acquisition for operating lease		105		—

​

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//842-20/tableOfContent

+ Details

Name:	us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration