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Related Party Transactions | 12 Months Ended
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Dec. 31, 2021
Related Party Transactions [Abstract] |
Related Party Transactions |
12. | RELATED PARTY TRANSACTIONS
Yun Chen became the Company’s controlling shareholder in June 2016 and Yun Chen is a subsidiary of Ping An. Therefore Ping An Group became the Company’s related party since then . During the years ended December 31, 2019, 2020 and 2021, related party transactions were as follows:
|  | Year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Services provided to Ping An Group (a) |  |  | 447,010 |  |  |  | 621,845 |  |  |  | 417,051 |  |  |  | 65,444 |
Services provided to other related parties |  |  | 340 |  |  |  | — |  |  |  | — |  |  |  | — |
Net revenues from related parties |  |  | 447,350 |  |  |  | 621,845 |  |  |  | 417,051 |  |  |  | 65,444 |
Services provided by and assets purchased from Ping An Group (b) |  |  | 107,706 |  |  |  | 156,420 |  |  |  | 176,880 |  |  |  | 27,756 |
Services provided by and assets purchased from other related parties |  |  | 15,717 |  |  |  | 5,625 |  |  |  | 714 |  |  |  | 112 |
Services provided by related parties |  |  | 123,423 |  |  |  | 162,045 |  |  |  | 177,594 |  |  |  | 27,868 |
Interest income from Ping An Group |  |  | 47,459 |  |  |  | 63,558 |  |  |  | 136,613 |  |  |  | 21,438 |
As of December 31, 2020 and 20 2 1, balances with related parties were as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Amounts due from related parties, current |  |  |  |  |  |  |  |  |  |  |  |
Ping An Group (c) |  |  | 47,303 |  |  |  | 83,376 |  |  |  | 13,084 |
Amounts due from related parties, non-current |  |  |  |  |  |  |  |  |  |  |  |
Ping An Group (c) |  |  | 18,163 |  |  |  | 7,529 |  |  |  | 1,181 |
Amounts included in “Cash and cash equivalents” (d) |  |  | 557,117 |  |  |  | 780,875 |  |  |  | 122,536 |
Amounts included in “Short-term investments” (d) |  |  | 2,892,057 |  |  |  | 3,358,937 |  |  |  | 527,091 |
Amounts included in “Restricted cash” (d) |  |  | 17,726 |  |  |  | 5,000 |  |  |  | 785 |
Amounts due to related parties |  |  |  |  |  |  |  |  |  |  |  |
Ping An Group (e) |  |  | 76,048 |  |  |  | 31,182 |  |  |  | 4,893 |
Other related parties |  |  | 3,847 |  |  |  | 715 |  |  |  | 112 |
|  |  | 79,895 |  |  |  | 31,897 |  |  |  | 5,005 |
(a) | The amount represents (i) the commission fee for transaction facilitation service on financial product including loan and insurance products, (ii) advertising services and (iii) technical services provided to Ping An Group.
(b) | The amount represents rental and property management services, technical services, other miscellaneous services and assets provided by Ping An Group.
(c) | Receivable from Ping An Group primarily consists of deposit in relation to the operating lease and other agreements, service fee receivable, and interest receivable from cash and cash equivalents.
(d) | The Company has cash or time deposits in commercial banks associated with Ping An Group and purchased certain short-term cash management products managed by Ping An Group as a part of the Company’s cash management plan.
(e) | The outstanding payable to Ping An Group primarily consists of payable for provision of services related to business operation, IDC service fee and other miscellaneous services.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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