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LEASES | 12 Months Ended
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Dec. 31, 2024
LEASES |
LEASES | 16.LEASES The Group’s leases mainly related to buildings and the rights to use the land. The total expense related to short-term leases was insignificant for the years ended December 31, 2022, 2023 and 2024, and sublease income of the Group which was recognized in revenues in the consolidated statements of comprehensive income was RMB119, RMB143 and RMB163 for the years ended December 31, 2022, 2023 and 2024, respectively. The Group recognized a negative lease expense of RMB281, RMB98 for the years ended December 31, 2022 and 2023 under the relief of lease concession from COVID-19 as the Group elects using the variable lease expense approach. For the year ended December 31, 2024, the impact under the relief of lease concession from COVID-19 was immaterial. A summary of supplemental information related to operating leases in 2023 and 2024 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Years Ended December 31, |
​ | ​ | 2023 |  | 2024 | ​
Lease cost: |  | ​ | ​ |  | ​
Operating fixed lease cost |  | 4,217 | ​ | 4,166 | ​
Finance lease cost | ​ | ​ | ​ | ​ | ​
— Amortization of ROU assets | ​ | 87 | ​ | 91 | ​
— Interest on lease liabilities | ​ | 114 | ​ | 129 | ​
Operating variable lease cost |  | 110 | ​ | 290 | ​
Total lease cost |  | 4,528 | ​ | 4,676 | ​
​ | ​ | ​ | ​ | ​ | ​
Other information: |  | ​ | ​ | ​ | ​
Weighted average remaining lease term |  | ​ | ​ | ​ | ​
Operating leases | ​ | 13 years | ​ | 14 years | ​
Finance leases | ​ | 27 years | ​ | 27 years | ​
Weighted average discount rate | ​ | ​ | ​ | ​ | ​
Operating leases | ​ | 6.27 | % | 5.97 | %
Finance leases |  | 4.29 | % | 4.30 | %
​ As of December 31, 2024, the maturities of lease liabilities, excluding lease liabilities classified in liabilities held for sale (Note 8), in accordance with ASC 842 in each of the next five years and thereafter are as follows:
​ | ​ | ​ | ​ | ​
​ | ​ | Total Operating | ​ | Total Finance
Year Ending December 31, |  | Leases |  | Leases
2025 |  | 4,028 |  | 171
2026 |  | 3,845 | ​ | 174
2027 |  | 3,746 | ​ | 177
2028 |  | 3,565 | ​ | 180
2029 |  | 3,358 | ​ | 181
Thereafter |  | 21,480 | ​ | 4,086
​ | ​ | ​ | ​ | ​
Total minimum lease payments |  | 40,022 | ​ | 4,969
​ | ​ | ​ | ​ | ​
Less: amount representing interest |  | 12,896 | ​ | 2,076
​ | ​ | ​ | ​ | ​
Present value of minimum lease payments |  | 27,126 | ​ | 2,893
​ As of December 31, 2024, the Group has entered 16 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 RMB4,051, which is not reflected in the consolidated balance sheets. As of December 31, 2023, the maturities of lease liabilities, excluding lease liabilities classified in liabilities held for sale (Note 8), in accordance with ASC 842 in each of the next five years and thereafter were as follows:
​ | ​ | ​ | ​ | ​
​ |  | Total Operating | ​ | Total Finance
Year Ending December 31, |  | Leases |  | Leases
2024 |  | 4,073 | ​ | 155
2025 |  | 3,981 | ​ | 159
2026 |  | 3,788 | ​ | 161
2027 |  | 3,615 | ​ | 165
2028 |  | 3,384 | ​ | 168
Thereafter |  | 22,282 | ​ | 4,056
​ | ​ | ​ | ​ | ​
Total minimum lease payments | ​ | 41,123 | ​ | 4,864
​ | ​ | ​ | ​ | ​
Less: amount representing interest | ​ | 13,299 | ​ | 2,122
​ | ​ | ​ | ​ | ​
Present value of minimum lease payments |  | 27,824 | ​ | 2,742
​ Supplemental cash flow information related to leases for the years ended December 31, 2023 and 2024 are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Years Ended December, 31
​ | ​ | 2023 |  | 2024
Cash paid for amounts included in the measurement of operating lease liabilities | ​ | 4,440 | ​ | 4,212
Cash paid for amounts included in the measurement of finance lease liabilities | ​ | 68 | ​ | 109
Non-cash right-of-use assets obtained in exchange for operating lease liabilities |  | 343 |  | 2,076
Non-cash right-of-use assets obtained in exchange for finance lease liabilities, net of reassessment of finance lease payments |  | 361 |  | 78
​

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- 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
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