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Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
5.
Property and equipment, net

Property and equipment, net consist of the following:

 

As of December 31,

 

 

2022

 

 

2023

 

 

RMB

 

 

RMB

 

Cost

 

 

 

 

 

 

Machinery

 

 

55,872

 

 

 

63,714

 

Electronic equipment

 

 

70,491

 

 

 

74,834

 

Leasehold improvement

 

 

124,990

 

 

 

139,249

 

Furniture and office equipment

 

 

13,782

 

 

 

30,935

 

Motor vehicles

 

 

3,515

 

 

 

3,258

 

Software

 

 

8,554

 

 

 

8,464

 

Total

 

 

277,204

 

 

 

320,454

 

Less: accumulated depreciation

 

 

(166,244

)

 

 

(199,753

)

Construction in progress

 

 

7,640

 

 

 

27,522

 

Property and equipment, net

 

 

118,600

 

 

 

148,223

 

Depreciation expense was RMB36,670, RMB45,815 and RMB43,053 for the years ended December 31, 2021, 2022 and 2023, respectively.