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Business combination (Tables)

12 Months Ended

Dec. 31, 2022

Business Acquisition

Schedule of acquisition of Deyu and Jiuyi

The acquisition of Deyu and Jiuyi that constitute business combinations are summarized as follows:

​

​	​	​
​		Amount
​		RMB
Net assets acquired (Note)		58,578

​

Acquisition of Yuancui

Business Acquisition

Schedule of allocation of the purchase price as of the date of acquisition

​

​	​	​
​		Amount
​	​	RMB
Net assets acquired (i)		16,408
Identifiable and amortizable intangible assets (note 8)	​	​
-Non-competed agreements		6,740
-Trademarks		1,070
Goodwill		31,188
Deferred tax liabilities		(1,953)
Noncontrolling interests (ii)		(23,453)
​	​	​
Total		30,000

​

i. Net assets acquired primarily included cash consideration from RMB20,000 from subscription of new shares.

ii. Fair value of the noncontrolling interests was estimated based on the equity value of Yuancui derived by the purchase consideration, adjusted for a discount for control premium.

Acquisition of Tuqiang

Business Acquisition

Schedule of allocation of the purchase price as of the date of acquisition

​

​	​	​
​	​	Amount
​	​	RMB
Net assets acquired(i)		(968)
Goodwill		454
Noncontrolling interests (ii)		114
Total		(400)

​

i. Net assets acquired primarily included cash, accounts receivables from real estate developers and accrued expenses undertaken.

ii. Fair value of the noncontrolling interests was estimated based on the equity value of Tuqiang derived by the purchase consideration.

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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