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Loans Receivable, Net (Tables)
12 Months Ended
Dec. 31, 2022
Loans Receivable, Net  
Schedule of loans receivable, net

Loans receivable as of December 31, 2021 and 2022 consist of the following:

As of December 31, 

(Amount in Thousands)

    

2021

    

2022

    

2022

    

RMB

    

RMB

    

US$

Loans receivable:

  

  

  

-Within credit term

536,758

289,981

42,043

-Past due

152,934

269,658

39,097

Total loans receivable

689,692

559,639

81,140

Allowance for credit losses

(93,926)

(93,859)

(13,608)

Loans receivable, net

595,766

465,780

67,532

Schedule of activity in the allowance for loan losses

The following table presents the activity in the allowance for loan losses as of and for the years ended December 31, 2021 and 2022.

    

RMB

(Amount in Thousands)

Loans receivable—January 1 2021

 

5,863

Provisions

 

99,057

Reversal of allowance provided

 

(5,863)

Write off

(5,131)

Loans receivable—December 31, 2021

 

93,926

Provisions

 

681

Write off

(748)

Loans receivable—December 31, 2022

 

93,859