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SHARE-BASED AWARDS (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022:

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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

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Price

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Fair Value

Term (Years)

Value

Outstanding, January 1, 2022

2,657,946

US$

2.04

US$

0.65

1.13

—

Lapsed

(2,657,946)

US$

2.04

US$

0.65

—

—

Outstanding, December 31, 2022

—

US$

—

US$

—

—

—

Exercisable at December 31, 2022

—

US$

—

US$

—

—

—

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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, 2022 was as follows:

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​	​	​	​	​
​	​	​	​	Weighted
​	​	Numbers	​	average grant
​	​	of shares	​	date fair value
​		RMB		US$
Outstanding, January 1, 2022	​	10,898,289	​	1.31
Granted	​	—	​	—
Forfeited	​	(112,500)	​	—
Exercised	​	—	​	—
Outstanding, December 31, 2022	​	10,785,789	​	1.31
Exercisable, December 31, 2022	​	10,785,789	​	1.31

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Schedule of Share-Based Compensation Expense

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​	​	​	​	​	​	​	​	​
​	​	For the Years ended December 31,
​	​	2020	​	2021	​	2022	​	2022
​		RMB		RMB		RMB		US$
General and administrative expenses		17,553		12,565		(6,424)		(931)
Selling expenses		3,068		2,115		505		73
​		20,621		14,680		(5,919)		(858)

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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