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Leases | 12 Months Ended
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Dec. 31, 2023
Lessee Disclosure [Abstract] |
Leases | 17. Leases On January 1, 2022, the Group adopted ASC Topic 842 by applying the effective date method under the modified retrospective approach to all lease contracts existing as of January 1, 2022. Under the effective date method, results for reporting periods beginning on or after January 1, 2022 are presented under ASC Topic 842. Prior period amounts are not adjusted and continue to be reported in accordance with the Group’s historical accounting policies. Additionally, the Group used the package of practical expedients that allows the Group not to reassess: (1) whether any expired or existing contracts are or contain leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any existing leases. The Group has elected the hindsight practical expedient to determine the reasonably certain lease term for existing leases. The following table summarizes the effect on the consolidated balance sheet as a result of adopting ASC Topic 842:
| As of December 31, |  | Adjustments due to adoption of ASC 842 |  | As of January 1,
| 2021 |  |  | 2022
| RMB |  | RMB |  | RMB
ASSETS |  |  |  |  |
Prepayments and other current assets | 247,411 |  |  | (6,764) |  | (a) | 240,647 |
Operating lease right-of-use assets | — |  |  | 95,108 |  | (b) | 95,108 |
LIABILITIES |  |  |  |  |
Operating lease liabilities, current | — |  |  | (42,094) |  | (c) | (42,094) |
Operating lease liabilities, non-current | — |  |  | (46,250) |  | (c) | (46,250) |
___________________________ (a)Represents prepaid rent reclassified to operating lease right-of-use assets. (b)Represents operating lease right-of-use assets, which is made up of present value of operating lease payments, and the reclassification of prepaid rent from prepayments and other current assets. (c)Represents the recognition of operating lease liabilities, current and non-current. The Group considers various factors such as market conditions and the terms of any renewal options that may exist to determine whether it will renew or replace the lease. In the event the Group is reasonably certain to exercise the option to extend a lease, the Group will include the extended terms in the measurement of operating lease right-of-use asset and operating lease liability. The following table provides information on the components of the operating leases included in the consolidated balance sheets as of December 31, 2022 and 2023: The operating lease right-of-use assets and the amortization were as follows:
| As of December 31,
| 2022 | 2023
| RMB | RMB
Operating lease right-of-use assets | 141,627 |  | 172,643 |
Less: accumulated amortization | (41,975) |  | (47,438) |
Total | 99,652 |  | 125,205 |
The components of lease costs were as follows:
| Year ended December 31,
| 2022 | 2023
| RMB | RMB
Operating lease costs | 47,163 |  | 47,828 |
Short-term lease costs | 4,234 |  | 3,675 |
Total | 51,397 |  | 51,503 |
The lease cost was allocated as follows:
| Year ended December 31,
| 2022 | 2023
| RMB | RMB
Selling, general and administrative expenses | 20,359 |  | 28,272 |
Research and development expenses | 31,038 |  | 23,231 |
Total | 51,397 |  | 51,503 |
| As of December 31,
| 2022 | 2023
Weighted average remaining lease term (years): |  |
Operating leases | 5.68 | 6.14
Weighted average discount rate: |  |
Operating leases | 6.70 | % | 8.65 | %
Future minimum lease payments as of December 31, 2023, including rental payments for lease renewal options the Group is reasonably certain to exercise were as follows:
| As of December 31,
| 2023
| RMB
2024 | 35,632 |
2025 | 34,332 |
2026 | 24,028 |
2027 | 18,396 |
2028 | 18,396 |
2029 and thereafter | 58,616 |
Total lease payments | 189,400 |
Less imputed interest | (46,672) |
Present value of lease liabilities | 142,728 |
Operating lease liabilities, current | 35,123 |
Operating lease liabilities, non-current | 107,605 |
Supplemental cash flow information related to operating leases was as follows:
| Year ended December 31,
| 2022 | 2023
| RMB | RMB
Cash paid for amounts included in the measurement of lease liabilities |  |
Operating cash flows from operating leases | 40,173 |  | 31,218 |
Right-of-use assets obtained in exchange for lease obligations |  |
Operating leases | 51,621 |  | 56,098 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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