XML 47 R26.htm IDEA: XBRL DOCUMENT

Leases

12 Months Ended

Dec. 31, 2024

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, 2023 and 2024, the Group had 1 and nil long-term lease respectively that were classified as financing leases. As of December 31, 2023 and 2024, the Group had no significant lease contract that has been entered into but not yet commenced.

Some leases were terminated before the expiration of the lease term, the relevant right-of-use asset and the lease liability were derecognized with the difference amounted to RMB 384 recognized under operating costs and expenses in the consolidated statements of operations. The noncash decrease of operating lease right-of-use assets was RMB 9,520.

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


	Year ended December 31,
	2022		2023		2024
Operating leases-Weighted average remaining lease term	1.82		2.03		1.43
Financing leases-Weighted average remaining lease term	0.85		0.04		N/A
Operating leases-Weighted average discount rate	6.41	%	5.10	%	4.00	%
Financing leases-Weighted average discount rate	8.92	%	7.10	%	N/A

The components of lease expense were as follows:


	Year ended December 31,
	2022	2023	2024
	RMB	RMB	RMB
Operating lease cost	33,207	36,911	37,490
Financing lease cost
Amortization of right-of-use assets	190	87	—
Interest on lease liabilities	13	2	—
Short-term lease cost	7,710	8,520	5,441
Total	41,120	45,520	42,931

20.	Leases (continued)

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


	Year ended December 31,
	2022	2023	2024
	RMB	RMB	RMB
Cash paid for operating leases	40,235	31,988	35,491
Cash paid for financing leases
Operating cash flows from finance leases	41	56	—
Financing cash flows from finance leases	164	19	—

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


	Year ended December 31,
	2022	2023	2024
	RMB	RMB	RMB
Operating leases	10,220	67,122	63,570

The following is a maturity analysis as of December 31, 2024:


		As of December 31,
		2024
		Operating Leases
		RMB
2025		35,286
2026		11,630
Subtotal		46,916
Less: imputed interest		(1,372)
Lease liabilities		45,544