XML 85 R49.htm IDEA: XBRL DOCUMENT v3.22.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation of Effective Tax Rate and Statutory Income Tax Rate Applicable to PRC Operations

The reconciliation of the effective tax rate and the statutory income tax rate applicable to PRC operations was as follows:

 

 

 

Years ended December 31,

 

 

 

2019

 

 

2020

 

 

2021

 

 

 

RMB

 

 

RMB

 

 

RMB

 

Loss before income tax expenses

 

 

(392,589

)

 

 

(432,573

)

 

 

197,634

 

Income tax expenses computed at

   applicable tax rates of 25%

 

 

(98,147

)

 

 

(108,143

)

 

 

49,409

 

Non-deductible and super deduction expenses

 

 

(40,711

)

 

 

769

 

 

 

(27,135

)

Effect of tax holidays and tax rate difference

 

 

22,595

 

 

 

52,027

 

 

 

(263,431

)

Change in valuation allowance

 

 

118,703

 

 

 

55,111

 

 

 

221,539

 

Income tax expenses/(benefit)

 

 

2,440

 

 

 

(236

)

 

 

(19,618

)

Schedule of Components of Deferred Income Tax . The components of deferred taxes are as follows:

 

 

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

 

RMB

 

 

RMB

 

Deferred tax assets

 

 

 

 

 

 

 

 

Accrued expenses

 

 

3,599

 

 

 

39,709

 

Advertising expenses carry-forwards

 

 

38,652

 

 

 

47,924

 

Net operating loss carry-forwards

 

 

530,466

 

 

 

732,873

 

Total deferred tax assets

 

 

572,717

 

 

 

820,506

 

Less: valuation allowance

 

 

(559,702

)

 

 

(781,241

)

Deferred tax assets, net

 

 

13,015

 

 

 

39,265

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

Deferred costs

 

 

(15,220

)

 

 

(21,782

)

Total deferred tax liabilities

 

 

(15,220

)

 

 

(21,782

)