v3.25.2
Leases
12 Months Ended
Dec. 31, 2024
Leases  
Leases

10.Leases

The Company’s operating leases mainly related to office premises and on-demand delivery service stations. The total lease cost for the years ended December 31, 2022, 2023 and 2024 was RMB44,281, RMB39,809 and RMB30,148 (US$4,130), comprised of operating lease expenses of RMB3,557, RMB4,873 and RMB4,906 (US$672), and short-term lease expenses of RMB40,724, RMB34,936 and RMB25,242 (US$3,458), respectively.

The following table presents supplemental information related to operating leases:

    

For the year ended December 31,

 

2022

    

2023

    

2024

 

Weighted-average remaining lease term (years)

1.50

1.58

1.91

 

Weighted average incremental borrowing rate

 

4.94

%  

4.67

%  

4.23

%

The undiscounted future minimum payments under the Company’s operating lease liabilities and reconciliation to the operating lease liabilities recognized on the consolidated balance sheet was as below:

    

2024

    

2024

RMB

US$

2025

 

2,940

403

2026

 

1,479

203

2027

 

193

26

Total undiscounted cashflows

 

4,612

632

Less: imputed interest

 

159

22

Present value of lease liabilities

 

4,453

610

As of December 31, 2024, future minimum payment under non-cancellable leases was RMB4,612 (US$632).