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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of lease cost
(a) The following table sets forth the breakdown of leasing expenses:
         
 
For the years ended
December 31,
 
 
2019
 
 
RMB
 
Lease cost:
 
 
 
Amortization of right-of-use assets
 
 
44,190
 
Interest of lease liabilities
 
 
5,183
 
Expenses for short-term leases within 12 months
 
 
1,499
 
 
 
 
 
 
Total lease cost
 
 
50,872
 
 
 
 
 
 
 
 
 
 
Summary of supplemental cash flow
(b) The following table sets forth the supplemental cash flow information related to leases:
         
 
For the years ended
December 31,
 
 
2019
 
 
RMB
 
Other information:
 
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating lease payments
 
 
51,370
 
 
 
 
 
 
 
 
 
 
Summary of weighted-average remaining lease term and discount rate
(c) The following table sets forth the weighted-average remaining lease term and discount rate:
         
 
As of December 31,
 
 
2019
 
Weighted-average remaining lease term
 
 
 
Operating leases
 
 
2.46 years
 
Weighted-average discount rate
 
 
 
Operating leases
 
 
4.75
%
 
 
 
 
 
 
 
 
 
Summary of maturities of lease liabilities
(d) The following table sets forth the maturities of lease liabilities:
         
 
For the years ended
December 31,
 
 
2019
 
 
RMB
 
2020
 
 
45,174
 
2021
 
 
40,688
 
2022
 
 
15,285
 
2023 
 
 
640
 
 
 
 
 
 
Total undiscounted lease payments
 
 
101,787
 
Less: imputed interest
 
 
(16,644
)
 
 
 
 
 
Total lease liabilities
 
 
85,143
 
 
 
 
 
 
 
 
 
 
Summary of non-cancellable future minimum lease payments
(e) The following table sets forth the non-cancellable future minimum lease payments for the Group’s operating leases
 
under the previous lease standard (“ASC Topic 840”) as of December 31, 2018:
         
 
As of December 31,
 
 
2018
 
 
RMB
 
2019
 
 
58,406
 
2020
 
 
45,077
 
2021
 
 
40,221
 
2022
 
 
14,826
 
Thereafter
 
 
640
 
 
 
 
 
 
Total
 
 
159,170