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Leases

12 Months Ended

Dec. 31, 2023

Leases

Leases

20. Leases

The Group leases certain office premises and equipment to support its core business under noncancelable leases. The Group determines if an arrangement is a lease at inception. Some lease agreements contain lease and non-lease components, which the Group chooses not to account for as separate components as the Group has elected the practical expedient. The Group also elected the short-term lease exemption for all contracts with lease terms of 12 months or less. As of December 31, 2022 and 2023, the Group had 4 and 1 long-term leases respectively that were classified as financing leases. As of December 31, 2022 and 2023, the Group had no significant lease contract that has been entered into but not yet commenced.

A summary of supplemental information related to operating leases and financing leases were as follow:

​

​	​	​	​	​	​	​	​
​	​	Year ended December 31,
​	​	2021	​	2022	​	2023
​		RMB		RMB		RMB
Operating leases-Weighted average remaining lease term		1.66		1.82		2.03	​
Financing leases-Weighted average remaining lease term		1.53		0.85		0.04	​
Operating leases-Weighted average discount rate		8.04	%	6.41	%	5.10	%
Financing leases-Weighted average discount rate		8.39	%	8.92	%	7.10	%

​

The components of lease expense were as follows:

​

​	​	​	​	​	​	​
​	​	Year ended December 31,
​	​	2021	​	2022	​	2023
​		RMB		RMB		RMB
Operating lease cost		47,905		33,207		36,911
Financing lease cost:
Amortization of right-of-use assets		204		190		87
Interest on lease liabilities		29		13		2
Short-term lease cost		13,902		7,710		8,520
Total		62,040		41,120		45,520

​

Supplemental information related to the Group’s leases were as follows:

​

​	​	​	​	​	​	​
​	​	Year ended December 31,
​	​	2021	​	2022	​	2023
​		RMB		RMB		RMB
Cash paid for operating leases		50,926		40,235		31,988
Cash paid for financing leases:						​
Operating cash flows used in finance leases		41		41		56
Financing cash flows used in finance leases		192		164		19

​

Non-cash ROU assets in exchange for new lease liabilities:

​

​	​	​	​	​	​	​
​	​	Year ended December 31,
​	​	2021	​	2022	​	2023
​		RMB		RMB		RMB
Operating leases		28,021		10,220		67,122
Financing leases		19		—		—

​

​

20. Leases (continued)

The following is a maturity analysis as of December 31, 2023:

​

​	​	​
​	​	As of December 31,
​	​	2023
​	​	Operating
​		Leases
​	​	RMB
2024	​	33,693
2025	​	27,188
2026	​	2,192
2027 and thereafter	​	—
Subtotal	​	63,073
Less: imputed interest	​	(2,872)
Lease liabilities	​	60,201

​

X

- References

No definition available.

+ Details

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- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 840
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//840/tableOfContent

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