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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Cash flows from operating activities:        
Net (loss)/profit ¥ 163,685 $ 23,055 ¥ 607,717 ¥ (1,574,080)
Adjustments to reconcile net (loss)/profit to net cash used in operating activities:        
Depreciation of property, equipment and software 13,417 1,889 22,837 17,906
Amortization of intangible assets 138 19 139 186
Share-based compensation expense 133,869 18,855 112,026 226,161
Loss from disposal of property and equipment 1,560 220 1,378 548
Loss from disposals of subsidiaries 2,169 306   252
Loss from early termination of lease     2,173  
Allowance for doubtful debts 9,635 1,357 23,501  
Impairment loss and others (21,060) (2,966) (9,737) 40,501
Changes in operating assets and liabilities:        
Accounts receivable 20,254 2,853 (42,819) (104,052)
Contract assets (99,881) (14,068) 39,824 255,050
Prepaid expense and other assets 149,944 21,119 85,101 254,815
Amount due from/to related parties (1,751) (247) (8,205) 10,424
Deferred revenue     (803) (21,214)
Insurance premium payables 75,292 10,605 (168,367) 77,702
Deferred tax assets (15,495) (2,182) 5,674 (11,840)
Deferred tax liabilities 13,352 1,881 16,152 (213,121)
Accrued expenses and other current liabilities (43,542) (6,133) 85,024 (52,025)
Right of use assets, net (36,716) (5,171) 28,615 1,613
Operating lease liabilities 41,646 5,866 (34,525) (5,478)
Net cash (used in)/provided by operating activities 406,516 57,258 765,705 (1,096,652)
Cash flows from investing activities:        
Purchase of property, equipment and software (13,522) (1,905) (11,884) (35,659)
Disposal of property, equipment and software 227 32 902 27
Purchase of intangible assets       (816)
Purchase of short-term investments (11,445,715) (1,612,095) (17,083,380) (13,054,640)
Proceeds from maturity of short-term investments 10,683,916 1,504,798 17,023,969 12,253,325
Prepaid investments     (69,426)  
Purchase of long-term investments (200,668) (28,263)   (9,900)
Acquisitions of subsidiaries, net of cash acquired (195,905) (27,593)   765
Disposal of subsidiaries, net of cash disposed (1,293) (182)    
Net cash used in investing activities (1,172,960) (165,208) (139,819) (846,898)
Cash flows from financing activities:        
Proceeds from initial public offering, net of offering cost       2,133,437
Proceeds from short-term loans 167,196 23,549    
Repayment of short-term loans (30,100) (4,239)    
Proceeds from exercise of share option 11,710 1,649 9,729 2,971
Payment for share repurchase (526,025) (74,089) (67,022) (16,546)
Principal payments under finance lease obligation (19) (3) (164) (192)
Net cash provided by/(used in) financing activities (377,238) (53,133) (57,457) 2,119,670
Effect of exchange rate changes on cash and cash equivalents 26,173 3,685 37,723 (14,086)
Net increase/(decrease) in cash and cash equivalents and restricted cash (1,117,509) (157,398) 606,152 162,034
Total cash and cash equivalents and restricted cash at beginning of year 2,091,535 294,587 1,485,383 1,323,349
Total cash and cash equivalents and restricted cash at end of year 974,026 137,189 2,091,535 1,485,383
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 396,905   1,574,171 817,719
Restricted cash 577,121   517,364 667,664
Total cash and cash equivalents and restricted cash at end of year 974,026 137,189 2,091,535 1,485,383
Supplemental disclosure of cash flow information        
Cash paid for income tax 1,281 180 1,701 2,532
Cash paid for interest ¥ 236 $ 33    
Supplemental disclosure of non-cash investing and financing activities        
Accrued expenses and other current liabilities related to purchase of property and equipment     ¥ 38 ¥ 71