| Leases |
The Group’s operating leases mainly related to offices facilities. As of December 31, 2024 and December 31, 2025, the Group recognized the following items related to operating leases on its consolidated balance sheet: | | | | | | | December 31, 2024 | | December 31, 2025 | | | RMB | | RMB | Operating lease right-of use assets | | 19,335 | | 8,566 | | | | | | Current operating lease liabilities | | (13,447) | | (7,077) | Non-current operating lease liabilities | | (5,714) | | (846) | Total operating lease liabilities | | (19,161) | | (7,923) |
| | | | | | | | | | For the Year Ended December 31, | | | | 2023 | | 2024 | | 2025 | | Weighted average remaining lease term | | 2.5 years | | 1.4 years | | 0.8 years | | Weighted average discount rate | | 3.96 | % | 3.91 | % | 3.66 | % |
The Group’s lease payments for office facilities include fixed rental payments and do not consist of any variable lease payments that depend on an index or a rate. As of December 31, 2025, there was no leases that have not yet commenced. The components of lease cost for the years ended December 31, 2023, 2024 and 2025 were as follows: | | | | | | | | | For the year ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Operating lease expenses | | 14,125 | | 12,837 | | 13,849 | Short term lease expenses | | 68 | | 46 | | 1,484 | Total lease expenses | | 14,193 | | 12,883 | | 15,333 |
Supplemental cash flow information related to leases for the years ended December 31, 2023, 2024 and 2025 were as follows: | | | | | | | | | For the year ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Cash paid for operating leases included in the measurement of lease liabilities | | 13,537 | | 13,383 | | 14,066 | Right-of-use assets obtained in exchange for lease liabilities | | 44,792 | | 1,894 | | 2,985 |
Maturities of lease liabilities under the Group’s non-cancellable operating leases as of December 31, 2025: | | | | | December 31, 2025 | | | RMB | Year ended December 31 | | | 2026 | | 7,227 | 2027 | | 853 | Total remaining undiscounted lease payments | | 8,080 | Less: Interest | | (157) | Total present value of lease liabilities | | 7,923 | Less: Current operating lease liabilities | | (7,077) | Non-current operating lease liabilities | | 846 |
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