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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
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,

(Amounts in Thousands)

    

2019

    

2020

    

2021

    

2021

RMB

RMB

RMB

US$

Share options

40,533

21,837

18,081

2,837

Non-vested restricted shares

54,364

37,952

32,956

5,172

Total share-based compensation

94,897

59,789

51,037

8,009

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:

    

2021

    

Average risk-free rate of return

 

0.8~1.5

%  

Weighted average expected option life

 

6.1~8.4

years

Estimated volatility

 

42.1~50.4

%  

Average dividend yield

 

Nil

 

Summary of Stock Option Activity

The following table summarizes option activity during the year ended December 31, 2021:

    

    

    

Weighted

    

Weighted

Average

Aggregate

Average

Remaining

Intrinsic

Number of

Exercise

Contractual

Value of

options

Price

Term

Options

    

    

RMB

    

Years

    

RMB

Outstanding as of January 1, 2021

224,528

505.33

5.5

17,848

Granted

268,006

420.41

Exercised

(37,606)

291.73

Forfeited or expired

(20,960)

431.31

Outstanding as of December 31, 2021

433,968

474.97

7.9

18,389

Exercisable as of December 31, 2021

154,661

319.84

5.4

3,663

Summary of Non Vested Restricted Share Activity

A summary of non-vested restricted share activity during the year ended December 31, 2021 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, 2021

 

103,373

357.43

Granted

 

120,050

399.33

Vested

 

(57,064)

471.41

Forfeited

 

(15,525)

530.50

Non-vested as of December 31, 2021

 

150,834

324.12