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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Current assets      
Cash and cash equivalents $ 135,126 ¥ 986,323 ¥ 396,905
Restricted cash 71,320 520,588 577,121
Short-term investments 220,928 1,612,619 2,996,527
Accounts receivable, net of allowance of RMB19,263 and RMB28,772 (US$3,942) as of December 31, 2023 and 2024, respectively 98,120 716,206 693,110
Current contract assets 84,862 619,436 572,871
Prepaid expense and other assets 25,020 182,641 189,846
Total current assets 635,411 4,638,070 5,426,445
Non-current assets      
Non-current contract assets 21,064 153,749 134,383
Property, equipment and software, net 32,883 240,024 33,878
Intangible assets, net 20,962 153,011 177,407
Long-term investments 152,639 1,114,160 211,758
Right of use assets, net 6,421 46,872 59,851
Deferred tax assets 3,703 27,028 24,190
Goodwill 11,063 80,751 80,751
Total non-current assets 248,735 1,815,595 722,218
Total assets 884,146 6,453,665 6,148,663
Current liabilities      
Insurance premium payables (including amounts of the consolidated VIEs and subsidiaries of VIEs without recourse to the Company of RMB591,953 and RMB537,344 as of December 31, 2023 and 2024, respectively) 73,616 537,344 591,953
Accrued expenses and other current liabilities (including amounts of the consolidated VIEs and subsidiaries of VIEs without recourse to the Company of RMB490,698 and RMB524,712 as of December 31, 2023 and 2024, respectively) 96,452 704,035 597,684
Short-term loans 27,177 198,373 137,557
Current lease liabilities (including amounts of the consolidated VIEs and subsidiaries of VIEs without recourse to the Company of RMB10,114 and RMB13,232 as of December 31, 2023 and 2024, respectively) 4,736 34,573 32,908
Total current liabilities 203,435 1,484,941 1,369,611
Non-current liabilities      
Non-current lease liabilities (including amounts of the consolidated VIEs and subsidiaries of VIEs without recourse to the Company of RMB3,626 and RMB6,247 as of December 31, 2023 and 2024, respectively) 1,503 10,971 27,293
Deferred tax liabilities (including amounts of the consolidated VIEs and subsidiaries of VIEs without recourse to the Company of RMB72,880 and RMB83,760 as of December 31, 2023 and 2024, respectively) 11,533 84,185 73,305
Total non-current liabilities 13,036 95,156 100,598
Total liabilities 216,471 1,580,097 1,470,209
Commitments and contingencies (Note 21)
Redeemable non-controlling interests 10,430 76,133 92,760
Shareholders' equity      
Ordinary shares (US$0.000005 par value; 10,000,000,000 shares authorized, 8,900,000,000 Class A ordinary shares authorized, 3,282,256,521 Class A ordinary shares issued, 2,899,717,031 and 2,822,868,761 Class A ordinary shares outstanding as of December 31, 2023 and 2024, respectively; 1,000,000,000 Class B ordinary shares authorized, 801,904,979 Class B ordinary shares issued and outstanding as of December 31, 2023 and 2024) 19 139 139
Treasury stock (2) (15) (12)
Additional paid-in capital 936,009 6,832,214 7,003,423
Accumulated other comprehensive income 21,858 159,550 144,107
Accumulated deficit (300,639) (2,194,453) (2,561,963)
Total shareholders' equity 657,245 4,797,435 4,585,694
Total liabilities, mezzanine equity and shareholders' equity 884,146 6,453,665 6,148,663
Related Party [Member]      
Current assets      
Amount due from related parties 35 257 65
Current liabilities      
Amount due to related parties (including amounts of the consolidated VIEs and subsidiaries of VIEs without recourse to the Company of RMB nil and RMB 253 as of December 31, 2023 and 2024, respectively) $ 1,454 ¥ 10,616 ¥ 9,509