Earnings Per Share/ADS

12 Months Ended

Dec. 31, 2021

17.	EARNINGS PER SHARE/ADS

Basic and diluted earnings per share for each of the years presented are calculated as follows:


	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB		US$
Basic earnings per share:
Numerator:
Net income attributable to ordinary shareholders		3,199,966		3,405,229		2,148,566		337,157
Denominator:
Weighted average ordinary shares outstanding		474,328,384		477,467,268		499,861,764		499,861,764

Basic earnings per share		6.75		7.13		4.30		0.67

Diluted earnings per share:
Numerator:
Net income attributable to ordinary shareholders		3,199,966		3,405,229		2,148,566		337,157
Denominator:
Weighted average ordinary shares outstanding		474,328,384		477,467,268		499,861,764		499,861,764
Dilutive effect of share-based awards		3,732,604		2,219,112		619,776		619,776

Weighted average number of shares outstanding-diluted		478,060,988		479,686,380		500,481,540		500,481,540

Diluted earnings per share		6.69		7.10		4.29		0.67

Earnings per ADS
Net income per ADS – basic (RMB)		26.99		28.53		17.19		2.70
Net income per ADS – diluted (RMB)		26.77		28.40		17.17		2.69

The effects of 389,440, 481,828 and 455,824 stock options were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive during the years ended December 31, 2019, 2020 and 2021, respectively. The effects of 714,700, 90,536 and 1,407,232 restricted shares were excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive during the years ended December 31, 2019, 2020 and 2021, respectively.