5.	CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS


	Number of shares			Amount		Additional paid-in capital		Retained earnings			Accumulated other comprehensive income			Non-controlling interests			Total shareholders’ equity			Redeemable non-controlling interests
				RMB		RMB		RMB			RMB			RMB			RMB			RMB
Balance at December 31, 2017		34,816,232			—		12,088		102,328			930			4,004			119,350			11,022
Cumulative effect of accounting change		—			—		—		2,821			(1,854	)		—			967			—
Net income (loss)		—			—		—		25,492			—			(3,478	)		22,014			—
Other comprehensive income (loss)		—			—		—		—			1,323			1,007			2,330			—
Business combination		—			—		75		—			—			938			1,013			—
Issuance of subsidiary shares		—			—		14,990		—			—			(822	)		14,168			—
Exercise of share-based awards		246,989			—		685		—			—			1			686			—
Share-based compensation		—			—		2,929		—			—			119			3,048			—
Accretion of redeemable non-controlling interests		—			—		—		(128	)		—			—			(128	)		128
Disposal of a subsidiary’s shares		—			—		1,323		—			—			235			1,558			—
Repurchase and retirement of ordinary shares		(207,165	)		—		—		(3,312	)		—			—			(3,312	)		—
Conversion of iQIYI preferred shares recognized as redeemable noncontrolling interests to ordinary shares		—			—		—		—			—			11,150			11,150			(11,150	)

Balance at September 30, 2018 (RMB)		34,856,056			—		32,090		127,201			399			13,154			172,844			—

Balance at September 30, 2018 (US$)					—		4,672		18,521			58			1,915			25,166			—

On June 27, 2018, the Company announced a share repurchase program under which the Company proposed to acquire up to an aggregate of US$1.0 billion of its ordinary shares over the next 12 months in the open market or through privately negotiated transactions, depending on market conditions and in accordance with applicable rules and regulations. The Company repurchased 207,165 Class A ordinary shares from the open market with an aggregate purchase price of US$487 million during the nine-month period ended September 30, 2018. The repurchased shares were cancelled under Cayman Islands law upon repurchase and the difference between the par value and the repurchase price was debited to retained earnings.