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Prepaid Expense and Other Assets | 12 Months Ended
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Dec. 31, 2024
Prepaid Expense and Other Assets |
Prepaid Expense and Other Assets |
6. | Prepaid Expense and Other Assets
Prepaid expense and other assets consist of the following: ​
​ | ​ | ​ | ​ | ​
​ |  | As of December 31,
​ | ​ | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB
Prepayments and deposits |  | 87,444 |  | 86,043
Fund receivable from external payment network providers(1) |  | 59,929 |  | 50,781
Advances to suppliers |  | 40,982 |  | 30,897
Value-added tax recoverable |  | 14,607 |  | 20,507
Option exercise proceeds receivable and withholding IIT | ​ | 6,477 | ​ | 9,926
Others |  | 35,386 |  | 39,141
Total |  | 244,825 |  | 237,295
Less: impairment provision(2) |  | (40,000) |  | (40,000)
Less: allowance for doubtful accounts(3) |  | (14,979) |  | (14,654)
Prepaid expense and other assets, net |  | 189,846 |  | 182,641
(1) | The Group opened accounts with external online payment service providers to collect and transfer insurance premiums to insurance companies, as well as to collect donor’s donation and mutual aid funds prior to transferring them to custodian bank. The balance of funds receivable from external payment network providers mainly includes accumulated amounts of donation, which were subsequently transferred to the Group’s bank accounts or custodian accounts if they related to donor’s donations. The balance also includes insurance premium collected by the Group on behalf of insurance companies but not yet transferred to the insurance companies deposited in accounts of external online payment service providers. The amount was settled shortly after year end.
(2) | Impairment provision for prepayment for the years ended December 31, 2022, 2023 and 2024 were RMB372, RMB1,000 and RMB nil, respectively.
The movements in the impairment provision are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB
Balance at beginning of the year | ​ | (39,372) | ​ | (40,000)
Additions | ​ | (1,000) | ​ | —
Write-off | ​ | 372 | ​ | —
Balance at end of the year | ​ | (40,000) |  | (40,000)
​
(3) | RMB 12,635, RMB 923 and RMB124 of allowance for doubtful accounts on deposits and other receivables were recorded in general and administrative expenses for the years ended December 31, 2022, 2023 and 2024.
6. | Prepaid Expense and Other Assets (continued)
The movements in the allowance for doubtful accounts are as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of
​ | ​ | December 31,
​ |  | 2023 |  | 2024
​ |  | RMB | ​ | RMB
Balance at beginning of year |  | (12,635) | ​ | (14,979)
Impact of adoption of ASC 326 | ​ | (1,605) | ​ | —
Additions | ​ | (965) | ​ | (1,154)
Reversals |  | 42 | ​ | 1,030
Write-off |  | 184 | ​ | 449
Balance at end of the year |  | (14,979) | ​ | (14,654)
​

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