| Leases |
(12) Leases
The Group’s lease for
office space includes only fixed rental payments with no variable lease payment terms. As of December 31, 2024 and 2025, there were no
leases that have not yet commenced.
The following represents
the aggregate ROU assets and related lease liabilities as of December 31, 2024 and 2025:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| Operating lease ROU assets | |
| 60,850 | | |
| 33,589 | |
| Current operating lease liabilities | |
| 30,054 | | |
| 15,308 | |
| Non-current operating lease liabilities | |
| 27,918 | | |
| 15,463 | |
| Total operating lease liabilities | |
| 57,972 | | |
| 30,771 | |
The weighted average lease
term and discount rate as of December 31, 2024 and 2025 were as follows:
| | | As of December 31, | | | | | 2024 | | | 2025 | | | Weighted average lease term: | | | | | | | | Operating leases | | | 2.09 years | | | | 2.66 years | | | Weighted average discount rate: | | | | | | | | | | Operating leases | | | 2.98 | % | | | 2.88 | % |
The components of lease expenses
for the years ended December 31, 2023, 2024 and 2025 were as follows:
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
| | |
RMB | | |
RMB | |
| Operating lease expense | |
| 66,782 | | |
| 58,192 | | |
| 16,223 | |
| Short term lease expense | |
| 4,697 | | |
| 4,253 | | |
| 7,283 | |
| Total | |
| 71,479 | | |
| 62,445 | | |
| 23,506 | |
Maturities of lease liabilities at December 31,
2025:
| | |
Minimum Lease
Payment | |
| | |
RMB | |
| Years ending December 31: | |
| |
| 2026 | |
| 16,099 | |
| 2027 | |
| 8,876 | |
| 2028 | |
| 4,790 | |
| 2029 | |
| 2,368 | |
| Total remaining undiscounted lease payments | |
| 32,133 | |
| Less: Interest | |
| 1,362 | |
| Total present value of lease liabilities | |
| 30,771 | |
| Less: Current operating lease liabilities | |
| 15,308 | |
| Non-current operating lease liabilities | |
| 15,463 | |
|