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Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases
20.
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 and 2022, the Group had no long-term leases that were classified as a financing lease.

For the year ended December 31, 2021 and 2022, the lease expense is as follow:

 

 

Years ended December 31,

 

 

 

2021

 

 

2022

 

 

RMB

 

 

RMB

 

Operating lease expense

 

 

43,260

 

 

 

57,302

 

Short-term lease expense

 

 

57,180

 

 

 

66,016

 

Total lease expense

 

 

100,440

 

 

 

123,318

 

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

 

 

As of
December 31,
2021

 

As of
December 31,
2022

 

Operating lease:

 

RMB

 

RMB

 

Operating leases right-of-use assets

 

 

69,612

 

 

78,455

 

Current portion of lease liabilities

 

 

35,948

 

 

46,426

 

Non-current portion of lease liabilities

 

 

34,501

 

 

33,523

 

Total operating lease liabilities

 

 

70,449

 

 

79,949

 

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

 

 

2.18

 

 

1.88

 

Weighted-average discount rate – operating leases

 

 

5.64

%

 

5.40

%

As of December 31, 2022, 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

 

 

 

 

2023

 

 

49,528

 

2024

 

 

28,388

 

2025

 

 

6,134

 

Total undiscounted cash flows

 

 

84,050

 

Less: imputed interest

 

 

(4,101

)

Total

 

 

79,949

 

 

 

 

Lease liabilities due within one year

 

 

46,426

 

Lease liabilities due after one year

 

 

33,523

 

 

 Short-term lease commitment:

 

 

 

 2023

 

 

25,322