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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases

19.

Leases

The Group has leased office and store premises under operating lease agreements for the periods from 2021 to 2025. As of December 31, 2021 the Group had no long-term leases that were classified as a financing lease.

For the year ended December 31, 2021, the lease expense is as follow:

 

 

 

Year ended

December 31,

2021

 

 

 

RMB

 

Operating lease expense

 

 

43,260

 

Short-term lease expense

 

 

57,180

 

Total lease expense

 

 

100,440

 

 

The Group recorded operating lease expenses of RMB83,093 and RMB87,681 for the years ended December 31, 2019 and 2020 prior to the adoption of the lease ASUs, which were charged to the consolidated statements of operations and comprehensive loss when incurred.

Supplemental consolidated balance sheet information related to leases was as follows:

 

 

 

As of

December 31,

2021

 

Operating lease:

 

RMB

 

Operating leases right-of-use assets

 

 

69,612

 

Current portion of lease liabilities

 

 

35,948

 

Non-current portion of lease liabilities

 

 

34,501

 

Total operating lease liabilities

 

 

70,449

 

Weighted-average remaining lease term (in years) – operating leases

 

 

2.18

 

Weighted-average discount rate – operating leases

 

 

5.64

%

 

As of December 31, 2021, future minimum lease payments under non-cancellable operating lease agreements for which the Group has recognized operating lease right-of-use assets and liabilities are as follows:

 

Years ending

 

RMB

 

 

 

 

 

 

2022

 

 

38,480

 

2023

 

 

27,580

 

2024

 

 

7,981

 

2025

 

 

587

 

Total undiscounted cash flows

 

 

74,628

 

Less: imputed interest

 

 

4,179

 

Total

 

 

70,449

 

 

 

 

 

 

Lease liabilities due within one year

 

 

35,948

 

Lease liabilities due after one year

 

 

34,501

 

 

Short-term lease commitment:

 

 

 

 

2022

 

 

37,050