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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Schedule of Finance Lease

 

 

As of December 31,

 

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

US$

 

Finance lease

 

 

 

 

 

 

 

 

 

Computer equipment

 

 

118,997

 

 

 

118,997

 

 

 

16,303

 

Accumulated depreciation

 

 

(69,040

)

 

 

(84,088

)

 

 

(11,520

)

Computer equipment, net

 

 

49,957

 

 

 

34,909

 

 

 

4,783

 

Finance lease liabilities, current portion

 

 

18,586

 

 

 

 

 

 

 

Finance lease liabilities

 

 

 

 

 

 

 

 

 

Total finance lease liabilities

 

 

18,586

 

 

 

 

 

 

 

Summary of Components of Lease Costs

The components of lease costs were as follows:

 

 

 

For the year ended December 31,

 

 

 

2022

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating lease costs(i)

 

 

155,408

 

 

 

117,641

 

 

 

108,943

 

 

 

14,925

 

Finance lease costs

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of finance lease assets

 

 

22,912

 

 

 

22,912

 

 

 

15,048

 

 

 

2,062

 

Interest on lease liabilities

 

 

3,463

 

 

 

1,761

 

 

 

419

 

 

 

57

 

Total finance lease costs

 

 

26,375

 

 

 

24,673

 

 

 

15,467

 

 

 

2,119

 

 

(i)
Excludes short-term lease contract costs of RMB310 million, RMB274 million and RMB218 million (US$30 million) for the years ended December 31, 2022, 2023 and 2024, 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,

 

 

 

2022

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating cash payments for operating leases

 

 

129,803

 

 

 

110,206

 

 

 

102,214

 

 

 

14,003

 

Operating cash payments for finance leases

 

 

3,872

 

 

 

2,878

 

 

 

749

 

 

 

103

 

Financing cash payments for finance leases

 

 

38,132

 

 

 

27,666

 

 

 

18,256

 

 

 

2,501

 

Schedule of Lease Assets Obtained in Exchange for Lease Obligation

Lease assets obtained in exchange for lease obligations:

 

 

 

For the year ended December 31,

 

 

 

2022

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Operating leases

 

 

6,868

 

 

 

91,025

 

 

 

10,296

 

 

 

1,411

 

Finance leases

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Future Lease Payments under Lease Liabilities

Future lease payments under lease liabilities as of December 31, 2024 were as follows:

 

 

 

Operating leases

 

 

 

RMB

 

 

US$

 

Year ending December 31,

 

 

 

 

 

 

2025

 

 

98,666

 

 

 

13,517

 

2026

 

 

93,591

 

 

 

12,822

 

2027

 

 

89,125

 

 

 

12,210

 

2028

 

 

85,931

 

 

 

11,772

 

2029

 

 

73,016

 

 

 

10,003

 

Thereafter

 

 

239,986

 

 

 

32,878

 

Total future lease payments

 

 

680,315

 

 

 

93,202

 

Less: Imputed interest

 

 

(121,666

)

 

 

(16,668

)

Total lease liability balance

 

 

558,649

 

 

 

76,534