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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-Based Compensation  
Share Based Compensation Expense by Type of Award

The following table presents the Company’s share-based compensation expense by type of award:

    

Years Ended December 31,

    

2017

    

2018

    

2019

    

2019

RMB

RMB

RMB

US$

Share options

51,054

45,973

40,533

5,822

Non-vested restricted shares

42,581

66,790

54,364

7,809

Total share-based compensation

93,635

112,763

94,897

13,631

Black Scholes Pricing Model Assumptions used to Estimate Fair Value of Options Granted

The Group uses the Black-Scholes pricing model and the following assumptions to estimate the fair value of the options granted or modified:

    

2017

    

2018

    

Average risk-free rate of return

 

1.93

%  

2.78

%  

Weighted average expected option life

 

6.1

years

6.1

years

Estimated volatility

 

68.8

%  

57.6

%  

Average dividend yield

 

Nil

 

Nil

 

Summary of Stock Option Activity

The following table summarizes option activity during the year ended December 31, 2019:

    

    

    

Weighted

    

Weighted

Average

Aggregate

Average

Remaining

Intrinsic

Number of

Exercise

Contractual

Value of

options

Price

Term

Options

    

    

RMB

    

    

RMB

Outstanding as of January 1, 2019

571,474

343.14

7.0

34,344

Granted

Exercised

(152,410)

208.36

Forfeited

(32,359)

312.85

Outstanding as of December 31, 2019

386,705

398.80

6.3

6,455

Exercisable as of December 31, 2019

272,521

390.15

7.2

Summary of Non Vested Restricted Share Activity

A summary of non-vested restricted share activity during the year ended December 31, 2019 is presented below:

    

    

Weighted-

 

Number of

 

average

 

non-vested

 

grant-

 

restricted

 

date fair

Non-vested restricted shares

shares

 

value

 

RMB

Non-vested as of January 1, 2019

 

370,613

483.29

Granted

 

37,566

418.16

Vested

 

(124,592)

506.02

Forfeited

 

(109,963)

543.68

Non-vested as of December 31, 2019

 

173,624

427.59