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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Compensation Expenses Recognized for Share-Based Awards

Compensation expenses recognized for share-based awards granted by the Company were as follows:

		Year ended December 31,
		2022				2023				2024
		RMB				RMB				RMB
General and administrative expenses			71,815				26,123				5,879
		Year ended December 31,
		2022				2023				2024
		RMB				RMB				RMB
Share-based compensation expenses
-Related to management’s restricted shares (a)			33,105				9,865				—
-Related to management’s RSUs (b)			38,710				16,258				5,879
Total			71,815				26,123				5,879

Summary of Movement of the Restricted Shares

The movement of the restricted shares during the year ended December 31, 2023, was as follow:

		Number of restricted shares				Weighted average grant date fair value (US$)
Unvested as of January 1, 2022			1,478,415				5.7072
Vested			(739,207	)			5.7072
Unvested as of December 31, 2022			739,208				5.7072
Unvested as of January 1, 2023			739,208				5.7072
Vested			(739,208	)			5.7072
Unvested as of December 31, 2023			—				—

Summary of Movement of the RSUs

The movement of the RSUs during the years ended December 31, 2022, 2023 and 2024, was as follows:

		Number of RSUs				Weighted average grant date fair value (US$)
Unvested as of January 1, 2022			1,421,181				6.3515
Vested			(745,164	)			6.3515
Unvested as of December 31, 2022			676,017				6.3515
Unvested as of January 1, 2023			676,017				6.3515
Vested			(234,005	)			6.3515
Unvested as of December 31, 2023			442,012				6.3515
Unvested as of January 1, 2024			442,012				6.3515
Vested			(234,005	)			6.3515
Unvested as of December 31, 2024			208,007				6.3515

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- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ References

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-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
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