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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Share Option Activity
The following table summarizes the share option activity for the year ended December 31, 2021:
 
Options Granted to Employees and Directors    Number of
Options
     Weighted-
Average
Exercise
Price
     Weighted-
Average
grant-date
Fair Value
per Option
     Weighted
Average
Remaining
Contractual
Term
(Years)
     Aggregate
Intrinsic
Value
 
            RMB      RMB             RMB  
Outstanding, December 31, 2020
     7,200,816        8.48        17.03        7.27        232,933  
  
 
 
             
Granted
     1,367,791        7.26        24.61        —          —    
Forfeited
     652,406        11.77        21.07        —          —    
Expired
     —          —          —          —          —    
Exercised
     549,007        5.50        9.19        —          —    
Cancelled
     —          —          —          —          —    
  
 
 
             
Outstanding, December 31, 2021
     7,367,194        8.18        18.66        6.09        48,464  
  
 
 
             
Vested and expected to vest at December 31, 2021
     7,367,194        8.18        18.66        6.09        48,464  
  
 
 
             
Vested at December 31, 2021
     5,496,609        7.73        14.37        5.35        35,908  
  
 
 
             
Schedule of Assumptions Used to Estimate Fair Values of Share Options Granted
The following table presents assumptions used to estimate the fair values of share options granted for the years ended December 31, 2019, 2020 and 2021:
 
    
2019
  
2020
  
2021
Risk-free interest rate
  
1.65% - 2.54%
  
0.63% - 1.88%
  
0.94% - 1.70%
Dividend yield
   0%    0%    0%
Expected volatility
  
44.23% - 44.71%
  
44.37% - 47.83%
  
47.45% - 56.62%
Weighted average expected volatility
   44.53%    46.37%    50.26%
Expected exercise multiple
   2.5   
2.5 - 2.8
  
2.2 - 2.8
Summary of Restricted Share Units
A summary of the restricted share units for the year ended December 31, 2021 was stated below:
 
Restricted Share Units Granted to Employees and Directors    Number of
Share
Units
     Weighted-
Average
Exercise
Price
     Weighted-
Average
grant-date
Fair Value
per Option
     Weighted
Average
Remaining
Contractual
Term
(Years)
     Aggregate
Intrinsic
Value
 
            RMB      RMB             RMB  
Outstanding, December 31, 2020
     95,094        —          20.37        10.66        3,751  
  
 
 
             
Granted
     119,568        —          13.92        —          —    
Forfeited
     —          —          —          —          —    
Expired
     —          —          —          —          —    
Exercised
     95,096        —          19.09        —          —    
Cancelled
     —          —          —          —          —    
  
 
 
             
Outstanding, December 31, 2021
     119,566        —          14.94        9.88        1,189  
  
 
 
             
Vested and expected to vest at December 31, 2021
     119,566        —          14.94        9.88        1,189  
  
 
 
             
Exercisable at December 31, 2021
     —          —          —          —          —    
  
 
 
             
Summary of Total Compensation Costs Recognized
Total compensation costs recognized for the years ended December 31, 2019, 2020 and 2021 were as follows:
 
     Year ended December 31,  
     2019      2020      2021  
     RMB      RMB      RMB      US$  
Cost of Revenue
     73        4        41        6  
Research and development
     12,819        7,176        13,801        2,166  
Sales and marketing
     6,040        3,965        2,609        409  
General and administrative
     28,352        17,713        13,761        2,160  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total
     47,284        28,858        30,212        4,741