XML 64 R44.htm IDEA: XBRL DOCUMENT v3.23.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Summary of assumptions used for grant date fair value under binomial tree option pricing model

The grant date fair value of each share-based award is estimated on the date of grant using the binomial tree option pricing model with the following assumptions used for years presented:

 

 

Year ended
December 31, 2020

 

 

Year ended
December 31, 2021

 

 

Year ended
December 31, 2022

 

Fair value of ordinary share (US$)

 

 

0.09

 

 

4.34~4.87

 

 

 

 

Risk-free interest rates

 

 

0.66

%

 

 

0.07

%

 

 

 

Expected volatility range

 

 

59.2

%

 

 

52.02

%

 

 

 

Expected dividend yield

 

 

0.82

%

 

 

 

 

 

 

Fair value per option granted (US$)

 

 

0.02

 

 

2.44~2.56

 

 

 

 

 

Schedule of share-based compensation expenses by function

The following table summarizes the share-based compensation expenses of subsidiaries’ share-based awards recognized by the Group:

 

 

For the year ended December 31,

 

 

2020

 

 

2021

 

 

2022

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Cost of revenues

 

 

728

 

 

 

858

 

 

 

469

 

 

 

68

 

Research and development

 

 

20,376

 

 

 

7,400

 

 

 

(675

)

 

 

(98

)

Selling and marketing

 

 

996

 

 

 

342

 

 

 

209

 

 

 

30

 

General and administrative

 

 

11,879

 

 

 

361

 

 

 

2,225

 

 

 

323

 

Total

 

 

33,979

 

 

 

8,961

 

 

 

2,228

 

 

 

323

 

Schedule of share-based compensation expense by function

Total share-based compensation expenses recorded by the Group are as follows:

 

 

For the year ended December 31,

 

 

2020

 

 

2021

 

 

2022

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Cost of revenues

 

 

1,044

 

 

 

1,027

 

 

 

686

 

 

 

99

 

Research and development

 

 

29,091

 

 

 

5,996

 

 

 

1,580

 

 

 

229

 

Selling and marketing

 

 

(1,087

)

 

 

1,339

 

 

 

1,899

 

 

 

275

 

General and administrative

 

 

51,934

 

 

 

(1,212

)

 

 

3,698

 

 

 

536

 

Total

 

 

80,982

 

 

 

7,150

 

 

 

7,863

 

 

 

1,139

 

2014 Restricted Share Plan  
Restricted shares activity The following table summarizes the Company’s option activity under the 2014 Restricted Shares Plan during the years ended December 31, 2020, 2021 and 2022, respectively:

 

 

Number of
shares

 

 

Weighted
Average
Exercise Price
(US$)

 

 

Weighted
Average
Grant Date
Fair Value
(US$)

 

 

Weighted
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value (US$)

 

Outstanding at January 1, 2020

 

 

6,527,504

 

 

 

0.34

 

 

 

1.50

 

 

 

4.31

 

 

 

150

 

Exercised

 

 

(1,001,674

)

 

 

0.34

 

 

 

1.91

 

 

 

 

 

 

 

Modified in June 2020

 

 

(5,525,830

)

 

 

0.34

 

 

 

1.42

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021 and 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2021 and 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as at December 31, 2021 and 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table summarizes the restricted shares activity pursuant to the 2014 Restricted Shares Plan for the years ended December 31, 2020, 2021 and 2022, respectively:

 

 

Number of shares

 

 

Weighted average
grant date
fair value (US$)
after modification

 

Unvested at January 1, 2020

 

 

16,448,965

 

 

 

0.92

 

Modified in June 2020

 

 

5,525,830

 

 

 

1.62

 

Vested

 

 

(12,272,973

)

 

 

1.32

 

Forfeited

 

 

(6,061,820

)

 

 

0.77

 

Unvested at December 31, 2020

 

 

3,640,002

 

 

 

0.88

 

Granted

 

 

5,994,400

 

 

 

0.14

 

Vested

 

 

(2,016,463

)

 

 

0.78

 

Forfeited

 

 

(1,055,299

)

 

 

1.00

 

Unvested at December 31, 2021

 

 

6,562,640

 

 

 

0.22

 

Granted

 

 

 

 

 

 

Vested

 

 

(2,160,940

)

 

 

0.36

 

Forfeited

 

 

(373,150

)

 

 

0.26

 

Unvested at December 31, 2022

 

 

4,028,550

 

 

 

0.14

 

 

2013 Incentive Scheme  
Restricted shares activity

The following table summarizes the Group’s options activity under the 2013 Incentive Scheme during the years ended December 31, 2020, 2021 and 2022, respectively:

 

 

Number of
shares

 

 

Weighted
Average
Exercise Price
(US$)

 

 

Weighted
Average
Grant Date
Fair Value
(US$)

 

 

Weighted
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value (US$)

 

Outstanding at January 1, 2020

 

 

33,273,025

 

 

 

0.34

 

 

 

1.13

 

 

 

4.01

 

 

 

765

 

Exercised

 

 

(4,852,510

)

 

 

0.34

 

 

 

1.10

 

 

 

 

 

 

 

Modified in June 2020

 

 

(28,420,515

)

 

 

0.34

 

 

 

1.13

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021 and 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2021and 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable as at December 31, 2021 and 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table summarizes the restricted shares activity pursuant to the 2013 Incentive Scheme for the years ended December 31, 2020, 2021 and 2022, respectively:

 

 

Number of
shares

 

 

Weighted average
grant date
fair value (US$)
after modification

 

Outstanding at January 1, 2020

 

 

4,909,057

 

 

 

1.06

 

Modified in June 2020

 

 

28,420,515

 

 

 

1.33

 

Granted

 

 

1,600,000

 

 

 

0.21

 

Vested

 

 

(30,310,465

)

 

 

1.33

 

Forfeited

 

 

(364,377

)

 

 

0.90

 

Unvested at December 31, 2020

 

 

4,254,730

 

 

 

0.64

 

Granted

 

 

5,773,520

 

 

 

0.17

 

Vested

 

 

(1,416,898

)

 

 

0.79

 

Forfeited

 

 

(1,014,882

)

 

 

0.81

 

Unvested at December 31, 2021

 

 

7,596,470

 

 

 

0.23

 

Granted

 

 

469,490

 

 

 

0.08

 

Vested

 

 

(2,350,790

)

 

 

0.27

 

Forfeited

 

 

(628,180

)

 

 

0.50

 

Unvested at December 31, 2022

 

 

5,086,990

 

 

 

0.17

 

2011 Share Award Scheme  
Restricted shares activity

The following table summarizes the restricted shares activity pursuant to the 2011 Share Award Scheme for the years ended December 31, 2020, 2021 and 2022, respectively:

 

 

Number of shares

 

 

Weighted average
grant date
fair value (US$)

 

Unvested at January 1, 2020

 

 

4,066,803

 

 

 

0.69

 

Granted

 

 

596,920

 

 

 

0.21

 

Vested

 

 

(1,170,395

)

 

 

0.68

 

Forfeited

 

 

(1,549,603

)

 

 

0.57

 

Unvested at December 31, 2020

 

 

1,943,725

 

 

 

0.64

 

Granted

 

 

1,596,100

 

 

 

0.26

 

Vested

 

 

(1,687,405

)

 

 

0.36

 

Forfeited

 

 

(1,643,470

)

 

 

0.59

 

Unvested at December 31, 2021

 

 

208,950

 

 

 

0.39

 

Granted

 

 

 

 

 

 

Vested

 

 

(121,775

)

 

 

0.49

 

Forfeited

 

 

 

 

 

 

Unvested at December 31, 2022

 

 

87,175

 

 

 

0.26