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v3.23.1

Revenues | 12 Months Ended
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Dec. 31, 2022
Revenues |
Revenues | 9. Revenues The Group derives revenue primarily from one-time commissions, recurring service fees and performance-based income paid by clients or investment product providers. The following tables show, by segment, revenue from contracts with customers disaggregated by service lines for the years ended December 31, 2020, 2021 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2020
​ | ​ | (Amount in Thousands)
​ | ​ | Wealth Management | ​ | Assets Management | ​ | Other | ​ | ​
​ |  | Business |  | Business |  | Business |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
One-time commissions | ​ | 766,246 | ​ | 42,591 | ​ | — | ​ | 808,837
Recurring service fees |  | 1,284,447 |  | 645,752 |  | — |  | 1,930,199
Performance-based income |  | 205,305 |  | 184,220 |  | — |  | 389,525
Other service fees |  | 123,458 |  | 7,451 |  | 65,242 |  | 196,151
Lending services |  | 13,530 |  | — |  | 65,242 |  | 78,772
Other services |  | 109,928 |  | 7,451 |  | — |  | 117,379
Total revenues |  | 2,379,456 |  | 880,014 |  | 65,242 |  | 3,324,712
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2021
​ | ​ | (Amount in Thousands)
​ | ​ | Wealth Management | ​ | Assets Management | ​ | Other | ​ | ​
​ |  | Business |  | Business |  | Business |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
One-time commissions |  | 1,180,900 | ​ | 90,516 | ​ | — | ​ | 1,271,416
Recurring service fees |  | 1,469,600 | ​ | 639,409 | ​ | — | ​ | 2,109,009
Performance-based income |  | 469,121 | ​ | 315,072 | ​ | — | ​ | 784,193
Other service fees |  | 92,352 | ​ | 1,390 | ​ | 68,240 | ​ | 161,982
Lending services |  | 4,471 | ​ | — | ​ | 35,755 | ​ | 40,226
Other services |  | 87,881 | ​ | 1,390 | ​ | 32,485 | ​ | 121,756
Total revenues |  | 3,211,973 | ​ | 1,046,387 | ​ | 68,240 | ​ | 4,326,600
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022
​ | ​ | (Amount in Thousands)
​ | ​ | Wealth Management | ​ | Assets Management | ​ | Other | ​ | ​
​ |  | Business |  | Business |  | Businesses |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | RMB
One-time commissions |  | 631,589 | ​ | 49,856 | ​ | — | ​ | 681,445
Recurring service fees |  | 1,232,294 | ​ | 682,121 | ​ | — | ​ | 1,914,415
Performance-based income |  | 202,455 | ​ | 107,121 | ​ | — | ​ | 309,576
Other service fees |  | 144,101 | ​ | — | ​ | 79,340 | ​ | 223,441
Lending services |  | 8,881 | ​ | — | ​ | 27,017 | ​ | 35,898
Other services |  | 135,220 | ​ | — | ​ | 52,323 | ​ | 187,543
Total revenues |  | 2,210,439 | ​ | 839,098 | ​ | 79,340 | ​ | 3,128,877
​ Revenues by timing of recognition is analyzed as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31
​ | ​ | (Amount in Thousands)
​ |  | 2020 |  | 2021 |  | 2022 |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
Revenue recognized at a point in time |  | 1,315,741 | ​ | 2,144,912 | ​ | 1,130,364 | ​ | 163,887
Revenue recognized over time |  | 2,008,971 | ​ | 2,181,688 | ​ | 1,998,513 | ​ | 289,757
Total revenues |  | 3,324,712 | ​ | 4,326,600 | ​ | 3,128,877 | ​ | 453,644
​ For the Group’s revenues generated from different geographic locations, please see Note 18 segment information.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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