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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Cash flows from operating activities:        
Net profit ¥ 350,883 $ 48,069 ¥ 163,685 ¥ 607,717
Adjustments to reconcile net profit to net cash used in operating activities:        
Depreciation of property, equipment and software 11,442 1,568 13,417 22,837
Amortization of intangible assets 128 18 138 139
Share-based compensation expense 86,872 11,901 133,869 112,026
Loss from disposal of property and equipment 662 91 1,560 1,378
Loss from disposals of subsidiaries     2,169  
Loss from early termination of lease 384 53   2,173
Allowance for doubtful debts 12,623 1,729 9,635 23,501
Impairment loss 24,268 3,325 3,124 372
Interest income (17,029) (2,333) (19,842) (6,045)
Foreign exchange gain (8,016) (1,098) (4,342) (4,064)
Changes in operating assets and liabilities:        
Accounts receivable (35,131) (4,813) 20,254 (42,819)
Contract assets (66,155) (9,063) (99,881) 39,824
Prepaid expense and other assets 16,164 2,215 149,944 85,101
Amount due from/to related parties 915 125 (1,751) (8,205)
Deferred revenue       (803)
Insurance premium payables (54,609) (7,481) 75,292 (168,367)
Deferred tax assets (2,838) (389) (15,495) 5,674
Deferred tax liabilities 10,880 1,491 13,352 16,152
Accrued expenses and other current liabilities 107,867 14,778 (43,542) 85,024
Right of use assets, net 3,461 474 (36,716) 28,615
Operating lease liabilities (5,521) (756) 41,646 (34,525)
Net cash provided by operating activities 437,250 59,904 406,516 765,705
Cash flows from investing activities:        
Purchase of property, equipment and software (218,415) (29,923) (13,522) (11,884)
Disposal of property, equipment and software 164 22 227 902
Purchase of short-term investments (6,441,705) (882,510) (11,445,715) (17,083,380)
Proceeds from maturity of short-term investments 7,891,955 1,081,193 10,683,916 17,023,969
Prepaid investments       (69,426)
Purchase of long-term investments (1,012,319) (138,687) (200,668)  
Proceeds from early redemption of long-term investments 71,957 9,858    
Acquisitions of subsidiaries, net of cash acquired     (195,905)  
Disposal of subsidiaries, net of cash disposed     (1,293)  
Net cash (used in)/provided by investing activities 291,637 39,953 (1,172,960) (139,819)
Cash flows from financing activities:        
Dividend to shareholders (158,671) (21,738)    
Proceeds from short-term loans 246,942 33,831 167,196  
Repayment of short-term loans (187,096) (25,632) (30,100)  
Proceeds from exercise of share option 7,225 990 11,710 9,729
Payment for share repurchase (106,979) (14,656) (526,025) (67,022)
Principal payments under finance lease obligation     (19) (164)
Net cash used in financing activities (198,579) (27,205) (377,238) (57,457)
Effect of exchange rate changes on cash and cash equivalents 2,577 353 26,173 37,723
Net increase/(decrease) in cash and cash equivalents and restricted cash 532,885 73,005 (1,117,509) 606,152
Total cash and cash equivalents and restricted cash at beginning of year 974,026 133,441 2,091,535 1,485,383
Total cash and cash equivalents and restricted cash at end of year 1,506,911 206,446 974,026 2,091,535
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 986,323   396,905 1,574,171
Restricted cash 520,588   577,121 517,364
Total cash and cash equivalents and restricted cash at end of year 1,506,911 206,446 974,026 2,091,535
Supplemental disclosure of cash flow information        
Cash paid for income tax 1,993 273 1,281 1,701
Cash paid for interest ¥ 1,882 $ 258 ¥ 236  
Supplemental disclosure of non-cash investing and financing activities        
Accrued expenses and other current liabilities related to purchase of property and equipment       ¥ 38