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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Asset Measured at Fair Value on Recurring Basis

As of December 31, 2022 and 2023, information about inputs for the fair value measurements of the Group’s assets that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:

 

 

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

Description

 

Fair value
as of
December 31,
2022

 

 

Quoted Prices in
Active Market
for Identical
Assets (Level 1)

 

 

Significant Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

Variable rate financial instruments

 

 

70,542

 

 

 

 

 

 

70,542

 

 

 

 

Long-term investments

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities with readily determinable fair values

 

 

12,622

 

 

 

12,622

 

 

 

 

 

 

 

Total

 

 

83,164

 

 

 

12,622

 

 

 

70,542

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

Description

 

Fair value
as of
December 31,
2023

 

 

Quoted Prices in
Active Market
for Identical
Assets (Level 1)

 

 

Significant Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

Variable rate financial instruments

 

 

142,084

 

 

 

 

 

 

142,084

 

 

 

 

Long-term investments

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities with readily determinable fair values

 

 

16,528

 

 

 

16,528

 

 

 

 

 

 

 

Total

 

 

158,612

 

 

 

16,528

 

 

 

142,084