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Consolidated Balance Sheets
¥ in Thousands
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 1,856,187 $ 269,122,000 ¥ 662,768
Restricted cash 2,763 401,000 7,664
Short-term investments 4,636,774 672,269,000 4,568,346
Accounts receivable, net of allowance for credit losses of nil and RMB23,298 as of December 31, 2021 and 2022, respectively 141,468 20,511,000 191,519
Inventories 604,884 87,700,000 537,472
Advance to suppliers 83,835 12,155,000 86,711
Prepayments and other current assets 170,336 24,696,000 461,843
Total current assets 7,496,247 1,086,854,000 6,516,323
Non-current assets:      
Property and equipment, net 314,980 45,668,000 472,371
Operating lease right-of-use assets 1,425,117 206,622,000 2,245,571
Other non-current assets, net of allowance for credit losses of nil and RMB2,930 as of December 31, 2021 and 2022, respectively 145,563 21,105,000 185,793
Total non-current assets 1,885,660 273,395,000 2,903,735
TOTAL ASSETS. 9,381,907 1,360,249,000 9,420,058
Current liabilities:      
Accounts payable 1,886,689 273,544,000 2,058,624
Customer advances and deferred revenue 253,010 36,683,000 243,480
Accrued expenses and other current liabilities 810,963 117,579,000 653,261
Salary and welfare payable 329,104 47,716,000 244,740
Operating lease liabilities, current 693,496 100,547,000 969,494
Short-term borrowings 4,237,978 614,449,000 3,121,046
Current portion of long-term borrowings 0 0 57,875
Total current liabilities 8,211,240 1,190,518,000 7,348,520
Non-current liabilities:      
Operating lease liabilities, non-current 678,000 98,301,000 1,244,096
Other non-current liabilities 75,000 10,874,000 69,373
Total non-current liabilities 753,000 109,175,000 1,313,469
TOTAL LIABILITIES. 8,964,240 1,299,693,000 8,661,989
COMMITMENTS AND CONTINGENCIES
Mezzanine Equity:      
Redeemable Noncontrolling Interests 107,490 15,585,000 30,000
TOTAL MEZZANINE EQUITY 107,490 15,585,000 30,000
Shareholders' equity:      
Additional paid-in capital 13,922,811 2,018,618,000 13,685,062
Treasury stock (20,666) (2,997,000) (7,042)
Accumulated deficit (13,580,086) (1,968,928,000) (12,765,713)
Accumulated other comprehensive loss (11,886) (1,723,000) (184,242)
TOTAL SHAREHOLDERS' EQUITY 310,177 44,971,000 728,069
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 9,381,907 1,360,249,000 9,420,058
Common Class A [Member]      
Shareholders' equity:      
Ordinary shares 3 1,000 3
Common Class B [Member]      
Shareholders' equity:      
Ordinary shares ¥ 1 $ 0 ¥ 1