Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Compensation Expense Recognized for Share-Based Awards

Compensation expense recognized for share-based awards was as follows:

	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Share-based compensation expenses
—Share options(a)		43,168		72,203		47,405

Assumptions used to Determine Fair Value of Share Options Granted

Assumptions used to determine the fair value of share options granted during 2020 and 2021 are summarized in the following table:

	Year ended December 31,
	2020		2021
Risk-free interest rate	2.20%~3.30%		2.88%~3.19%
Expected volatility	41.30%~43.62%		42.93%~43.41%
Expected life of option (years)	10		10
Expected dividend yield		-		-
Fair value per ordinary share	US$1.04~US$1.47		US$0.84~US$2.25

Schedule of Net Income Per Share, Basic and Diluted

	Year ended December 31,
		2019		2020		2021
		RMB		RMB		RMB
Numerator:
Numerator for basic calculation - Net income attributable to    ordinary shareholders of the Company			292,170		173,324		88,605
Denominator:
Denominator for basic calculation - weighted average    ordinary shares outstanding			208,156,507		208,812,049		209,551,821
Dilutive effect of share options			7,699,070		6,811,724		11,184,176
Denominator for diluted calculation			215,855,577		215,623,773		220,735,997
Basic net income per ordinary share			1.40		0.83		0.42
Diluted net income per ordinary share			1.35		0.80		0.40

	Year ended December 31,
		2019		2020		2021
		RMB		RMB		RMB
Numerator:
Numerator for basic calculation - Net income attributable to    ordinary shareholders of the Company			292,170		173,324		88,605
Denominator:
Denominator for basic calculation - weighted average    ordinary shares outstanding			208,156,507		208,812,049		209,551,821
Dilutive effect of share options			7,699,070		6,811,724		11,184,176
Denominator for diluted calculation			215,855,577		215,623,773		220,735,997
Basic net income per ordinary share			1.40		0.83		0.42
Diluted net income per ordinary share			1.35		0.80		0.40

Summary of Stock Option Activity

A summary of the stock option activity under the 2015 Share Incentive Plan and 2018 Share Incentive Plan for the years ended December 31, 2019, 2020 and 2021 is included in the table below.

	Number of options			Weighted average exercise price (US$)		Weighted average remaining contractual life (years)		Aggregate intrinsic value (US$)
Outstanding at January 1, 2019		13,260,000			0.43		8.40		18,705
Forfeited		(400,000	)		0.96
Exercised		(1,494,732	)		0.17
Outstanding at December 31, 2019		11,365,268			0.44		7.59		17,737
Granted		19,175,500			0.86
Forfeited		(1,778,500	)		0.60
Exercised		(2,655,669	)		0.48
Outstanding at December 31, 2020		26,106,599			0.74		8.08		30,299
Granted		3,840,000			1.10
Forfeited		(4,709,197	)		0.81
Exercised		(3,011,064	)		0.43
Outstanding at December 31, 2021		22,226,338			0.80		7.41		26,813
Exercisable as of December 31, 2021		7,801,637			0.47		6.02		9,928
Expected to vest as of December 31, 2021		13,046,881			0.97		8.16		15,362