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RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

16. RELATED PARTY TRANSACTIONS

Other than disclosed elsewhere, the Company had the following significant related party transactions for the nine months ended September 30, 2023 and 2024:

​

​	​	​	​	​
​	​	For the nine months ended September 30,
​		2023		2024
​	​	RMB	​	RMB
Services provided to:
-SH Edge Interchange		938		40
-Changzhou Gaoxin		—		755
​	​	​	​	​
Services provided by:
-CYSD		31,119		—
-Sanhe Mingtai		17,366		20,102
-Others		2,224		—
​	​	​	​	​
Loan to:
-Shanghai Puping		80,263		40,038
-SH Edge Interchange		1,000		—
-Sanhe Mingtai		33,785		11,959
​	​	​	​	​
Receipt of loan to:
-SH Shibei		9,800		—
-Sanhe Mingtai		—		28,313
​	​	​	​	​
Loan by:
-Changzhou Gaoxin*		350,000		—
​	​	​	​	​
Interest income from loan to:
-SH Shibei		(1,321)		—
-SH Edge Interchange		32		19
​	​	​	​	​
Interest expense by loan to:
-Changzhou Gaoxin		13,183		14,850
​	​	​	​	​
Lease payment paid to:
-Sanhe Mingtai		10,801		38,513

* In May 2023, the Company obtained a loan in the amount of RMB350,000 from Changzhou Gaoxin at an interest rate of 6.0% per annum. The interest rate was modified to 3.85% since July 31, 2024. The maturity date of the loan was March 31, 2024, which was subsequently extended to January 31, 2025.

16. RELATED PARTY TRANSACTIONS (CONTINUED)

The Company had the following related party balances as of December 31, 2023 and September 30,2024:

​

​	​	​	​	​
​	​	As of
​		December 31, 2023	​	September 30, 2024
​	​	RMB	​	RMB
Amounts due from related parties:
-Shanghai Puping		218,405		258,443
-Sanhe Mingtai		56,833		58,721
-Others		1,999		455
​		277,237		317,619
Amounts due to related parties:
-Changzhou Gaoxin		356,067		354,880
-Others		13		23
​		356,080		354,903

​

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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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

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