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Consolidated Balance Sheets
¥ in Thousands
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 1,209,225 $ 170,316,000 ¥ 1,856,187
Restricted cash 480 68,000 2,763
Short-term investments 4,099,977 577,470,000 4,636,774
Accounts receivable, net of allowance for credit losses of RMB23,298 and RMB1,417 (US$200) as of December 31, 2022 and 2023, respectively 107,879 15,194,000 141,468
Inventories, net 471,872 66,462,000 604,884
Advance to suppliers 73,732 10,385,000 83,835
Prepayments and other current assets 187,486 26,406,000 170,336
Total current assets 6,150,651 866,301,000 7,496,247
Non-current assets:      
Property and equipment, net 189,084 26,632,000 314,980
Operating lease right-of-use assets 1,262,134 177,768,000 1,425,117
Other non-current assets, net of allowance for credit losses of RMB2,930 and RMB881 (US$124) as of December 31, 2022 and 2023, respectively 96,687 13,618,000 145,563
Total non-current assets 1,547,905 218,018,000 1,885,660
TOTAL ASSETS. 7,698,556 1,084,319,000 9,381,907
Current liabilities:      
Accounts payable 1,422,183 200,310,000 1,886,689
Customer advances and deferred revenue 240,280 33,843,000 253,010
Accrued expenses and other current liabilities 656,408 92,453,000 810,963
Salary and welfare payable 233,073 32,828,000 329,104
Operating lease liabilities, current 653,529 92,048,000 693,496
Short-term borrowings 3,300,214 464,825,000 4,237,978
Total current liabilities 6,505,687 916,307,000 8,211,240
Non-current liabilities:      
Operating lease liabilities, non-current 568,039 80,007,000 678,000
Other non-current liabilities 126,206 17,775,000 75,000
Total non-current liabilities 694,245 97,782,000 753,000
TOTAL LIABILITIES. 7,199,932 1,014,089,000 8,964,240
COMMITMENTS AND CONTINGENCIES
Mezzanine Equity:      
Redeemable Noncontrolling Interests 116,090 16,351,000 107,490
TOTAL MEZZANINE EQUITY 116,090 16,351,000 107,490
Shareholders' equity:      
Additional paid-in capital 14,061,992 1,980,590,000 13,922,811
Treasury stock (20,666) (2,911,000) (20,666)
Accumulated deficit (13,679,965) (1,926,783,000) (13,580,086)
Accumulated other comprehensive (loss)/income 21,169 2,982,000 (11,886)
TOTAL SHAREHOLDERS' EQUITY 382,534 53,879,000 310,177
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 7,698,556 1,084,319,000 9,381,907
Common Class A [Member]      
Shareholders' equity:      
Ordinary shares 3 1,000 3
Common Class B [Member]      
Shareholders' equity:      
Ordinary shares ¥ 1 $ 0 ¥ 1