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Revenues (Tables)
12 Months Ended
Dec. 31, 2022
Revenues  
Schedule of Disaggregation of Revenue

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

Schedule of timing of recognition

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