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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Summary of Significant Accounting Policies |
Schedule of the assets, liabilities, results of operations and cash flows of the VIEs and their subsidiaries | ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB
ASSETS | ​ |  |  |
Current assets | ​ |  |  |
Cash and cash equivalents | ​ | 391,175 |  | 119,319
Restricted cash | ​ | 517,364 |  | 577,121
Short-term investments | ​ | — |  | 558,299
Accounts receivable, net of allowance of RMB10,199 and RMB19,140 (US$2,696) as of December 31, 2022 and 2023, respectively | ​ | 586,373 |  | 570,942
Current contract assets | ​ | 450,085 |  | 570,621
Other current assets | ​ | 232,412 |  | 151,491
Total current assets | ​ | 2,177,409 |  | 2,547,793
Non-current assets | ​ |  |  |
Non-current contract assets | ​ | 103,591 |  | 133,318
Intangible assets, net | ​ | 53,192 |  | 174,113
Deferred tax assets | ​ | 6,166 |  | 24,190
Goodwill | ​ | 3,420 | ​ | 80,751
Other non-current assets | ​ | 32,720 |  | 32,438
Total non-current assets | ​ | 199,089 |  | 444,810
Total assets | ​ | 2,376,498 |  | 2,992,603
LIABILITIES | ​ |  |  |
Current liabilities | ​ |  |  |
Insurance premium payables | ​ | 516,661 |  | 591,953
Accrued expenses and other current liabilities | ​ | 453,996 |  | 490,698
Amount due to related parties | ​ | 44 |  | —
Current lease liabilities | ​ | 9,122 |  | 10,114
Total current liabilities | ​ | 979,823 |  | 1,092,765
Total non-current liabilities | ​ | 33,979 |  | 76,506
Total liabilities | ​ | 1,013,802 |  | 1,169,271
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
​ |  | 2021 |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB
Operating revenue, net | ​ | 3,193,807 |  | 2,623,738 |  | 2,331,678
Net (loss)/income | ​ | (505,603) |  | 1,210,591 |  | 697,935
Net cash (used in)/provided by operating activities | ​ | (240,527) |  | 1,285,615 |  | 804,351
Net cash (used in)/provided by investing activities | ​ | (99,240) |  | 347,543 |  | (681,995)
Net cash used in financing activities | ​ | — |  | — |  | —
Schedule of estimated useful life and residual value | ​
​ | ​ | ​ | ​ | ​ | ​
Category |  | Estimated useful life |  | Residual value |
Office furniture and equipment |  | 5 years |  | 5 | %
Computer and electronic equipment |  | 3 years |  | 5 | %
Leasehold improvements |  | shorter of remaining lease period and estimated useful life |  | Nil | ​
Software |  | 10 years |  | Nil | ​
Schedule of redeemable non-controlling interests | ​
​ | ​ | ​
​ |  | December 31, 2023
​ | ​ | RMB
Balance as of January 1, 2023 |  | —
Acquisition of redeemable non-controlling interest |  | 96,296
Net loss attributable to mezzanine equity classified as non-controlling interests |  | (3,536)
Balance as of December 31, 2023 |  | 92,760
Schedule of carrying amount of goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Insurance |  | Others |  | Total
​ | ​ | RMB | ​ | RMB | ​ | RMB
Balances at January 1, 2021 |  | 1,248 |  | 1,871 |  | 3,119
Additions |  | — |  | 301 |  | 301
Balances at December 31, 2021 |  | 1,248 |  | 2,172 |  | 3,420
Additions |  | — |  | — |  | —
Balances at December 31, 2022 |  | 1,248 |  | 2,172 |  | 3,420
Additions |  | 77,331 |  | — |  | 77,331
Balances at December 31, 2023 |  | 78,579 |  | 2,172 |  | 80,751
Schedule of disaggregation of revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
​ |  | 2021 |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB | ​ | RMB
Operating revenue | ​ |  |  |  |  |
Insurance brokerage income | ​ |  |  |  |  |
Short-term insurance brokerage income | ​ | 2,037,677 |  | 1,628,902 |  | 1,381,855
Long-term insurance brokerage income | ​ | 789,790 |  | 714,426 |  | 823,305
Subtotal | ​ | 2,827,467 |  | 2,343,328 |  | 2,205,160
Technical service income | ​ | 243,542 |  | 215,832 |  | 135,755
Crowdfunding service fees | ​ | — |  | 155,803 |  | 162,683
Digital clinical trial solution income | ​ | 566 |  | 59,456 |  | 100,496
Management fee income | ​ | 2,745 |  | — |  | —
Other revenues | ​ | 131,594 |  | 27,349 |  | 26,613
Total | ​ | 3,205,914 |  | 2,801,768 |  | 2,630,707
Schedule of contract assets | ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
​ | ​ | 2022 | ​ | 2023
​ | ​ | RMB | ​ | RMB
Contract assets |  | 553,676 |  | 707,636
Less: Allowance for uncollectible accounts |  | — |  | (382)
Total |  | 553,676 |  | 707,254
Schedule of allowance for uncollectible accounts | ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ |  | 2022 |  | 2023
​ | ​ | RMB | ​ | RMB
Balance at beginning of year |  | — |  | —
Impact of adoption of ASC 326 |  | — |  | (185)
Addition |  | — |  | (197)
Balance at end of the year |  | — |  | (382)
Schedule of concentration of credit risk | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, |
​ | ​ | 2021 |  | 2022 |  | 2023 |
​ | ​ | RMB |  | % | ​ | RMB |  | % | ​ | RMB |  | % |
Customer A |  | 457,995 |  | 14.29 | ​ | 231,026 |  | 8.25 | ​ | 215,851 |  | 8.21 | ​
Customer B |  | 367,434 |  | 11.46 | ​ | 320,660 |  | 11.44 | ​ | 112,403 |  | 4.27 | ​
Customer C |  | 104,928 |  | 3.27 | ​ | 357,202 |  | 12.75 | ​ | 153,121 |  | 5.82 | ​
Customer D |  | 429 |  | 0.01 | ​ | 83,167 |  | 2.97 | ​ | 199,584 |  | 7.59 | ​
​ |  | 930,786 |  | 29.03 | ​ | 992,055 |  | 35.41 | ​ | 680,959 |  | 25.89 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31, |
​ | ​ | 2022 |  | 2023 |
​ | ​ | RMB |  | % | ​ | RMB |  | % |
Customer A |  | 78,775 |  | 6.41 | ​ | 93,947 |  | 6.71 | ​
Customer B |  | 151,033 |  | 12.28 | ​ | 21,952 |  | 1.57 | ​
Customer C |  | 232,259 |  | 18.89 | ​ | 128,749 |  | 9.19 | ​
Customer D |  | 58,028 |  | 4.72 | ​ | 168,394 |  | 12.02 | ​
​ |  | 520,095 |  | 42.30 | ​ | 413,042 |  | 29.49 | ​

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