v3.25.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Rou Assets and Related Lease Liabilities

The following represents the aggregate ROU assets and related lease liabilities as of December 31, 2023 and 2024:

 

   As of December 31, 
   2023   2024 
   RMB   RMB 
Operating lease ROU assets   136,056    74,882 
Current operating lease liabilities   57,164    36,038 
Non-current operating lease liabilities   71,311    35,472 
Total operating leased liabilities   128,475    71,510 

 

The weighted average lease term and discount rate as of December 31, 2023 and 2024 were as follows:

 

   As of December 31, 
   2023   2024 
Weighted average lease term:        
Operating leases   2.83 years    2.60 years 
Weighted average discount rate:          
Operating leases   3.89%   2.87%

The components of lease expenses for the years ended December 31, 2023 and 2024 were as follows:

 

   As of December 31, 
   2023   2024 
   RMB   RMB 
Operating lease expense   74,819    67,224 
Short term lease expense   7,748    5,081 
Total   82,567    72,305 

 

Supplemental cash flow information related to leases for the years ended December 31, 2023 and 2024 were as follows:

 

   As of December 31, 
   2023   2024 
   RMB   RMB 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating cash flows for operating leases   72,223    59,317 
Supplemental noncash information:          
Right-of-use assets obtained in exchange for lease obligations net of decrease in right-of-use assets for early determinations   57,233    (1,872)
Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities at December 31, 2024:

 

   Minimum Lease
Payment
 
   RMB 
Year ending December 31:    
2025   37,665 
2026   23,370 
2027   8,300 
2028   3,334 
2029   1,390 
Thereafter   932 
Total remaining undiscounted lease payments   74,991 
Less: Interest   3,481 
Total present value of lease liabilities   71,510 
Less: Current operating lease liabilities   36,038 
Non-current operating lease liabilities   35,472