PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

5.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the followings:

	As of December 31,
	2022			2023
	RMB			RMB
Leasehold improvement		8,093			8,093
Motor vehicles		3,038			4,103
Electronic equipment		74,360			103,599
Office equipment & furniture		7,844			7,907
Software		1,407			1,407
Total costs		94,742			125,109
Less: accumulated depreciation and amortization		(75,842	)		(84,777	)
Property and equipment, net		18,900			40,332

For the years ended December 31, 2021, 2022 and 2023, depreciation expenses were RMB13,077, RMB7,668 and RMB9,461 respectively.