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Accounts Receivable, Net (Tables)
12 Months Ended
Dec. 31, 2021
Accounts Receivable Net [Abstract]  
Balance of accounts receivable and notes receivable

The following table sets out the balance of accounts receivable excluding notes receivable as of December 31, 2020 and 2021 (in thousands):

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

 

RMB

 

 

RMB

 

Accounts receivable, gross

 

 

756,262

 

 

 

799,389

 

Allowance for credit losses

 

 

(189,460

)

 

 

(360,680

)

Accounts receivable, net

 

 

566,802

 

 

 

438,709

 

 

The following table sets out the balance of notes receivable as of December 31, 2020 and 2021 (in thousands):

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

 

RMB

 

 

RMB

 

Notes receivable, gross

 

 

113,808

 

 

 

37,520

 

Allowance for credit losses

 

 

(4,994

)

 

 

(19,294

)

Notes receivable, net

 

 

108,814

 

 

 

18,226

 

 

Movement of the allowance for doubtful accounts

The following table presents the movement of the allowance for credit losses (in thousands):

 

 

2019

 

 

2020

 

 

2021

 

 

 

RMB

 

 

RMB

 

 

RMB

 

Balance as of January 1,

 

 

78,178

 

 

 

118,301

 

 

 

194,454

 

Additional allowance for credit losses, net of recoveries

 

 

43,853

 

 

 

80,878

 

 

 

185,520

 

Write-off

 

 

(3,730

)

 

 

(4,725

)

 

 

 

Balance as of December 31,

 

 

118,301

 

 

 

194,454

 

 

 

379,974