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SHARE-BASED AWARDS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
SHARE-BASED AWARDS |
Schedule of assumptions used | ​
​ | ​ | ​ | ​
​ |  | February 18, 2014 |
Risk-free interest rate |  | 2.33 | %
Dividend yield |  | 5 | %
Exercise multiple |  | 2.5 | ​
Expected volatility range |  | 39.03 | %
Summary of restricted shares | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Fair Value per Share
​ | ​ | ​ | ​ | at the Grant
Grant Date |  | Number of Awards |  | date (US$)
February 18, 2014 |  | 1,370,250 |  | 1.93
July 1, 2014 |  | 21,132 |  | 2.35
August 1, 2014 |  | 69,564 |  | 2.44
August 7, 2017 |  | 1,453,950 |  | 1.33
August 8, 2017 |  | 3,319,200 |  | 1.34
September 13, 2017 |  | 45,000 |  | 1.33
October 2, 2018 |  | 5,992,605 |  | 1.19
​ The Company recognizes the compensation expense on a straight-line basis over the requisite service period for the entire award. Restricted Shares activity for the year ended December 31, 2024 was as follows: ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted
​ | ​ | Numbers | ​ | average grant
​ | ​ | of shares | ​ | date fair value
​ |  | RMB |  | US$
Outstanding, January 1, 2024 | ​ | 10,785,789 | ​ | 1.31
Granted | ​ | — | ​ | —
Forfeited | ​ | — | ​ | —
Exercised | ​ | — | ​ | —
Outstanding, December 31, 2024 | ​ | 10,785,789 | ​ | 1.31
Exercisable, December 31, 2024 | ​ | 10,785,789 | ​ | 1.31
Schedule of share-based compensation expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years ended December 31,
​ | ​ | 2022 | ​ | 2023 | ​ | 2024 | ​ | 2024
​ |  | RMB |  | RMB |  | RMB |  | US$
General and administrative expenses |  | (6,424) |  | — |  | — |  | —
Selling expenses |  | 505 |  | — |  | — |  | —
​ |  | (5,919) |  | — |  | — |  | —

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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