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SHARE-BASED AWARDS (Tables)

12 Months Ended

Dec. 31, 2021

SHARE-BASED AWARDS

Schedule of Assumptions Used

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​	​	​	​
​		February 18, 2014
Risk-free interest rate		2.33	%
Dividend yield		5	%
Exercise multiple		2.5	​
Expected volatility range		39.03	%

Schedule of Stock Options

The following table summarizes employee share options activities for the year ended December 31, 2021:

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Weighted

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Weighted-

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Weighted

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Average

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Average

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Average

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Remaining

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Aggregate

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Number of

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Exercise

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Grant-date

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Contractual

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Intrinsic

Share Options Granted to Employees

Shares

​

Price

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Fair Value

Term (Years)

Value

Outstanding, January 1, 2021

2,774,229

US$

2.04

US$

0.65

1.13

—

Lapsed

(116,283)

US$

2.04

US$

0.65

—

—

Outstanding, December 31, 2021

2,657,946

US$

2.04

US$

0.65

0.13

—

Exercisable at December 31, 2021

2,657,946

US$

2.04

US$

0.65

0.13

—

Summary of Restricted Shares

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​	​	​	​	​
​	​	​	​	Fair Value per Share
​	​	​	​	at the Grant
Grant Date		Number of Awards		date (US$)
February 18, 2014		1,370,250		1.93
July 1, 2014		21,132		2.35
August 1, 2014		69,564		2.44
August 7, 2017		1,453,950		1.33
August 8, 2017		3,319,200		1.34
September 13, 2017		45,000		1.33
October 2, 2018		5,992,605		1.19

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The Company recognizes the compensation expense on a straight-line basis over the requisite service period for the entire award. Restricted Shares activity for the year ended December 31, 2021 was as follows:

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​	​	​	​	​
​		​		Weighted
​	​	Numbers	​	average grant
​	​	of shares	​	date fair value
​	​	RMB	​	US$
Outstanding, January 1, 2021		11,033,064		1.31
Granted		—		—
Forfeited		(134,775)		1.22
Exercised		—		—
Outstanding, December 31, 2021		10,898,289		1.31
Exercisable, December 31, 2021	​	5,084,184	​	1.45
Expected to vest, December 31, 2021		5,814,105		1.19

Schedule of Share-Based Compensation Expense

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​	​	​	​	​	​	​	​	​
​	​	For the Years ended December 31,
​	​	2019	​	2020	​	2021	​	2021
​		RMB		RMB		RMB		US$
General and administrative expenses		17,673		17,553		12,565		1,972
Selling expenses		2,920		3,068		2,115		332
​		20,593		20,621		14,680		2,304

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