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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Lessee Disclosure [Abstract]  
Schedule of Finance Lease

 

 

As of December 31,

 

 

 

2022

 

 

2023

 

 

2023

 

 

 

RMB

 

 

RMB

 

 

US$

 

Finance lease

 

 

 

 

 

 

 

 

 

Computer equipment

 

 

118,997

 

 

 

118,997

 

 

 

16,760

 

Accumulated depreciation

 

 

(46,127

)

 

 

(69,040

)

 

 

(9,724

)

Computer equipment, net

 

 

72,870

 

 

 

49,957

 

 

 

7,036

 

Finance lease liabilities, current portion

 

 

30,862

 

 

 

18,586

 

 

 

2,618

 

Finance lease liabilities

 

 

16,507

 

 

 

 

 

 

 

Total finance lease liabilities

 

 

47,369

 

 

 

18,586

 

 

 

2,618

 

Summary of Components of Lease Costs

The components of lease costs were as follows:

 

 

 

For the year ended December 31,

 

 

 

2021

 

 

2022

 

 

2023

 

 

2023

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating lease costs(i)

 

 

202,862

 

 

 

155,408

 

 

 

117,641

 

 

 

16,569

 

Finance lease costs

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of finance lease assets

 

 

12,856

 

 

 

22,912

 

 

 

22,912

 

 

 

3,227

 

Interest on lease liabilities

 

 

1,866

 

 

 

3,463

 

 

 

1,761

 

 

 

248

 

Total finance lease costs

 

 

14,722

 

 

 

26,375

 

 

 

24,673

 

 

 

3,475

 

 

(i)
Excludes short-term lease contract costs of RMB328 million, RMB310 million and RMB274 million (US$39 million) for the years ended December 31, 2021, 2022 and 2023, respectively.
Summary of Cash Paid for Amounts Included in Measurement of Lease Liabilities

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

For the year ended December 31,

 

 

 

2021

 

 

2022

 

 

2023

 

 

2023

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating cash payments for operating leases

 

 

190,407

 

 

 

129,803

 

 

 

110,206

 

 

 

15,522

 

Operating cash payments for finance leases

 

 

1,004

 

 

 

3,872

 

 

 

2,878

 

 

 

405

 

Financing cash payments for finance leases

 

 

14,473

 

 

 

38,132

 

 

 

27,666

 

 

 

3,897

 

Schedule of Lease Assets Obtained in Exchange for Lease Obligation

Lease assets obtained in exchange for lease obligations:

 

 

 

For the year ended December 31,

 

 

 

2021

 

 

2022

 

 

2023

 

 

2023

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating leases

 

 

36,515

 

 

 

6,868

 

 

 

91,025

 

 

 

12,821

 

Finance leases

 

 

75,693

 

 

 

 

 

 

 

 

 

 

Summary of Future Lease Payments under Lease Liabilities

Future lease payments under lease liabilities as of December 31, 2023 were as follows:

 

 

 

Operating leases

 

 

Finance leases

 

 

 

RMB

 

 

US$

 

 

RMB

 

 

US$

 

Year ending December 31,

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

103,100

 

 

 

14,521

 

 

 

19,005

 

 

 

2,677

 

2025

 

 

97,008

 

 

 

13,663

 

 

 

 

 

 

 

2026

 

 

91,165

 

 

 

12,840

 

 

 

 

 

 

 

2027

 

 

87,597

 

 

 

12,338

 

 

 

 

 

 

 

2028

 

 

85,904

 

 

 

12,099

 

 

 

 

 

 

 

Thereafter

 

 

313,002

 

 

 

44,086

 

 

 

 

 

 

 

Total future lease payments

 

 

777,776

 

 

 

109,547

 

 

 

19,005

 

 

 

2,677

 

Less: Imputed interest

 

 

(153,146

)

 

 

(21,570

)

 

 

(419

)

 

 

(59

)

Total lease liability balance

 

 

624,630

 

 

 

87,977

 

 

 

18,586

 

 

 

2,618