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Parent only financial information (Tables) | 12 Months Ended
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Dec. 31, 2019
Parent only financial information |
Schedule of Condensed Balance Sheets | (a) Condensed Balance Sheets
|  | As of December 31,
|  | 2018 |  | 2019
|  | RMB |  | RMB
Assets |  |  |  |
Current asset |  |  |  |
Cash and cash equivalents |  | 36 |  | 431,029
Total current asset |  | 36 |  | 431,029
Non-current asset |  |  |  |
Investments in and amounts due from subsidiaries, the VIE and VIE’s subsidiaries |  | 1,197,490 |  | 2,145,325
Total non-current asset |  | 1,197,490 |  | 2,145,325
Total assets |  | 1,197,526 |  | 2,576,354
Liabilities |  |  |  |
Current liability |  |  |  |
Accrued expenses and other current liabilities |  | 20,590 |  | 29,202
Total current liability |  | 20,590 |  | 29,202
Total liabilities |  | 20,590 |  | 29,202
Mezzanine equity |  |  |  |
Series A-2 Redeemable Convertible Preferred Shares |  | 102,743 |  | —
Series B Redeemable Convertible Preferred Shares |  | 446,889 |  | —
Series C Redeemable Convertible Preferred Shares |  | 2,193,512 |  | —
Total mezzanine equity |  | 2,743,144 |  | —
(Deficit) Equity |  |  |  |
Ordinary shares |  | — |  | —
Class A ordinary shares |  | — |  | 1
Class B ordinary shares |  | — |  | —
Series A-1 Convertible Preferred Shares |  | 5,513 |  | —
Additional paid-in capital |  | 55,052 |  | 4,880,135
Accumulated other comprehensive loss |  | (274,540) |  | (368,897)
Accumulated deficit |  | (1,352,233) |  | (1,964,087)
Total (deficit) equity |  | (1,566,208) |  | 2,547,152
Total liabilities, mezzanine equity and (deficit) equity |  | 1,197,526 |  | 2,576,354
Schedule of Condensed Statements of Results of Operations | (b) Condensed Statements of Results of Operations
|  | For the Year Ended December 31,
|  | 2017 |  | 2018 |  | 2019
|  | RMB |  | RMB |  | RMB
General and administrative expenses |  | (2,722) |  | (72) |  | (881)
Total operating expenses |  | (2,722) |  | (72) |  | (881)
Loss from operations |  | (2,722) |  | (72) |  | (881)
Equity income of subsidiaries and the VIE and VIE’s subsidiaries |  | 54,226 |  | 22,921 |  | 147,511
Other income: |  |  |  |  |  |
Interest income, net |  | 243 |  | (2) |  | (2)
Income before income tax |  | 51,747 |  | 22,847 |  | 146,628
Income tax expense |  | — |  | — |  | —
Net income |  | 51,747 |  | 22,847 |  | 146,628
Accretion of Redeemable Convertible Preferred Shares |  | (228,468) |  | (248,186) |  | (116,308)
Deemed dividend to preferred shareholder |  | — |  | — |  | (642,174)
Net loss attributable to ordinary shareholders |  | (176,721) |  | (225,339) |  | (611,854)
Schedule of Condensed statements of cash flows | (c) Condensed statements of cash flows
|  | For the Year Ended December 31,
|  | 2017 |  | 2018 |  | 2019
|  | RMB |  | RMB |  | RMB
Net cash (used in) provided by operating activities |  | (2,479) |  | 25 |  | (883)
Cash flows used in investing activities: |  |  |  |  |  |
Investments in and amounts due from subsidiaries, the VIE and VIE’s subsidiaries |  | (660,531) |  | — |  | (64,295)
Investment in short-term investments |  | — |  | — |  | (380,901)
Proceeds from redemption of short-term investments |  | — |  | — |  | 380,901
Net cash used in investing activities |  | (660,531) |  | — |  | (64,295)
Cash flows provided by financing activities: |  |  |  |  |  |
Proceeds from initial public offering, net of offering cost |  | — |  | — |  | 498,436
Net cash provided by financing activities |  | — |  | — |  | 498,436
Effect of exchange rate changes on cash and cash equivalents |  | (18,742) |  | 1 |  | (2,265)
Net (decrease) increase in cash and cash equivalents |  | (681,752) |  | 26 |  | 430,993
Cash and cash equivalents at the beginning of the year |  | 681,762 |  | 10 |  | 36
Cash and cash equivalents at the end of the year |  | 10 |  | 36 |  | 431,029

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