XML 75 R49.htm IDEA: XBRL DOCUMENT v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Effective Tax Rate and Statutory Income Tax Rate Applicable to PRC Operations

The reconciliation of the effective tax rate and the statutory income tax rate applicable to PRC operations was as follows:

 

 

 

Years ended December 31,

 

 

 

2020

 

 

2021

 

 

2022

 

 

 

RMB

 

 

RMB

 

 

RMB

 

(Loss)/income before income tax expenses

 

 

(432,573

)

 

 

197,634

 

 

 

648,548

 

Income tax (benefit)/expenses computed at
   applicable tax rates of
25%

 

 

(108,143

)

 

 

49,409

 

 

 

162,137

 

Non-deductible and super deduction expenses

 

 

769

 

 

 

(27,135

)

 

 

(6,035

)

Effect of tax holidays and tax rate difference

 

 

52,027

 

 

 

(263,431

)

 

 

(6,514

)

Change in valuation allowance

 

 

55,111

 

 

 

221,539

 

 

 

(137,596

)

Income tax (benefit)/expenses

 

 

(236

)

 

 

(19,618

)

 

 

11,992

 

 

Schedule of Components of Deferred Income Tax The components of deferred taxes are as follows:

 

 

 

As of December 31,

 

 

 

2021

 

 

2022

 

 

 

RMB

 

 

RMB

 

Deferred tax assets

 

 

 

 

 

 

Accrued expenses

 

 

39,709

 

 

 

38,204

 

Advertising expenses carry-forwards

 

 

47,924

 

 

 

18,008

 

Net operating loss carry-forwards

 

 

732,873

 

 

 

614,232

 

Total deferred tax assets

 

 

820,506

 

 

 

670,444

 

Less: valuation allowance

 

 

(781,241

)

 

 

(643,645

)

Deferred tax assets, net

 

 

39,265

 

 

 

26,799

 

Deferred tax liabilities

 

 

 

 

 

 

Deferred costs

 

 

(21,782

)

 

 

(5,984

)

Total deferred tax liabilities

 

 

(21,782

)

 

 

(5,984

)