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LEASES (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of supplemental consolidated balance sheet information related to leases

Supplemental consolidated balance sheet information related to leases was as follows:

 

 

 

As of December 31,

 

 

 

2019

 

 

2020

 

Operating leases:

 

RMB

 

 

RMB

 

Operating leases right-of-use assets

 

 

37,215

 

 

 

6,926

 

Current portion of lease liabilities

 

 

2,735

 

 

 

3,322

 

Non-current portion of lease liabilities

 

 

32,480

 

 

 

1,873

 

Total operating lease liabilities

 

 

35,215

 

 

 

5,195

 

Weighted average remaining lease term (in years)

 

 

1.2

 

 

 

1.7

 

Weighted average discount rate

 

 

4.75

%

 

 

4.75

%

Summary of cash flow information related to leases

Supplemental cash flow information related to leases for the years ended December 31, 2019 and 2020 is as follows:

 

 

 

For the year ended

December 31,

 

 

 

2019

 

 

2020

 

 

 

RMB

 

 

RMB

 

Cash paid for amounts included in measurement of

   liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

28,319

 

 

 

25,665

 

Non-cash right-of-use assets in exchange for new

   lease liabilities:

 

 

 

 

 

 

 

 

Operating leases

 

 

15,986

 

 

 

4,734

 

Summary of maturities of lease payments

13.

LEASES - continued

 

Maturities of lease payments by year and in the aggregate, under non-cancellable operating leases with terms in excess of one year as of December 31, 2020 are as follows:

 

 

 

RMB

 

2021

 

 

 

 

3,462

 

2022

 

 

 

 

1,281

 

2023 and thereafter

 

 

 

 

663

 

Total lease payment

 

 

 

 

5,406

 

Less imputed interest

 

 

 

 

(211

)

Total

 

 

 

 

5,195