Related Party Transactions

12 Months Ended

Dec. 31, 2021

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

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.