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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2019
Operating Leases  
Summary of components of lease expense

 

 

 

 

    

As of December 31,

 

 

2019

 

 

RMB

Operating lease cost

 

40,926

Lease cost for leases with terms less than one year 

 

1,542

Total lease cost

 

42,468

 

Summary of maturities of lease liabilities

 

 

 

 

 

As of December 31,

 

 

RMB

2020

 

32,231

2021

 

14,790

2022

 

5,193

2023

 

3,252

2024 and thereafter

 

3,115

Total undiscounted lease payments

 

58,581

Less: imputed interest

 

(3,486)

Total lease liabilities

 

55,095

 

Summary of lease terms and discount rates

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

    

2019

 

Weighted average remaining lease term(years)

 

2.40

 

 

 

 

 

Weighted average discount rate(percentage)

 

5.04

%

 

Summary of supplemental information related to operating leases

Supplemental information related to the Group’s operating leases for the year ended December 31, 2019 is as follows:

 

 

 

 

 

    

For the year ended December 31,

 

 

2019

Cash paid for operating leases

 

40,840

Right of use assets obtained in exchange for operating lease liabilities

 

38,407