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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY | 12 Months Ended
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Dec. 31, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY |
22. | CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY
CONDENSED BALANCE SHEETS
|  | December 31, |
|  | 2012 |  |  | 2013 |
|  | RMB |  |  | RMB |  |  | US$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | — |  |  |  | 630,670 |  |  |  | 104,179 |
Prepaid expenses and other current assets |  |  | — |  |  |  | 187 |  |  |  | 31 |
Due from subsidiaries |  |  | — |  |  |  | 11,771 |  |  |  | 1,945 |
Total current assets |  |  | — |  |  |  | 642,628 |  |  |  | 106,155 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries |  |  | 1,573,927 |  |  |  | 1,818,025 |  |  |  | 300,316 |
Total non-current assets |  |  | 1,573,927 |  |  |  | 1,818,025 |  |  |  | 300,316 |
Total assets |  |  | 1,573,927 |  |  |  | 2,460,653 |  |  |  | 406,471 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other payables |  |  | 14,450 |  |  |  | 20,707 |  |  |  | 3,421 |
Payable for repurchase of common stock |  |  | — |  |  |  | 227,015 |  |  |  | 37,500 |
Due to subsidiaries |  |  | 1,833 |  |  |  | — |  |  |  | — |
Due to related parties |  |  | — |  |  |  | 567 |  |  |  | 94 |
Total current liabilities |  |  | 16,283 |  |  |  | 248,289 |  |  |  | 41,015 |
Total liabilities |  |  | 16,283 |  |  |  | 248,289 |  |  |  | 41,015 |
Commitments and Contingencies |  |  |  |  |  |  |  |  |  |  |  |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Ordinary shares(par value of US$0.01 per share; 100,000,000,000 shares authorized; 100,000,000 and nil shares issued and outstanding as of December 31, 2012 and 2013, respectively) |  |  | 6,867 |  |  |  | — |  |  |  | — |
Class A ordinary shares(par value of US$0.01 per share; 99,931,211,060 shares authorized; nil and 36,347,496 shares issued and outstanding as of December 31, 2012 and 2013, respectively) |  |  | — |  |  |  | 2,472 |  |  |  | 408 |
Class B ordinary shares(par value US$0.01 per share; 68,788,940 shares authorized; nil and 68,788,940 shares issued and outstanding as of December 31, 2012 and 2013, respectively) |  |  | — |  |  |  | 4,677 |  |  |  | 773 |
Additional paid-in capital |  |  | 1,128,314 |  |  |  | 1,949,013 |  |  |  | 321,954 |
Accumulated other comprehensive income |  |  | 252 |  |  |  | 1,986 |  |  |  | 328 |
Retained earnings |  |  | 422,211 |  |  |  | 254,216 |  |  |  | 41,993 |
Total shareholders’ equity |  |  | 1,557,644 |  |  |  | 2,212,364 |  |  |  | 365,456 |
Total liabilities and shareholders’ equity |  |  | 1,573,927 |  |  |  | 2,460,653 |  |  |  | 406,471 |
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|  | Year ended December 31, |
|  | 2011 |  |  | 2012 |  |  | 2013 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  | (1,897 | ) |  |  | (14,638 | ) |  |  | (1,125 | ) |  |  | (186 | )
Operating losses |  |  | (1,897 | ) |  |  | (14,638 | ) |  |  | (1,125 | ) |  |  | (186 | )
Equity in income of subsidiaries |  |  | 133,161 |  |  |  | 227,519 |  |  |  | 457,287 |  |  |  | 75,538 |
Income before income taxes |  |  | 131,264 |  |  |  | 212,881 |  |  |  | 456,162 |  |  |  | 75,352 |
Income tax expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income |  |  | 131,264 |  |  |  | 212,881 |  |  |  | 456,162 |  |  |  | 75,352 |
Other comprehensive income, net of tax of nil |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  |  | — |  |  |  | 252 |  |  |  | 1,734 |  |  |  | 286 |
Comprehensive income |  |  | 131,264 |  |  |  | 213,133 |  |  |  | 457,896 |  |  |  | 75,638 |
CONDENSED STATEMENTS OF CASH FLOWS
|  | Year ended December 31, |
|  | 2011 |  |  | 2012 |  |  | 2013 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash used in operating activities |  |  | — |  |  |  | — |  |  |  | (3,294 | ) |  |  | (544 | )
Net cash generated from financing activities |  |  | — |  |  |  | — |  |  |  | 632,865 |  |  |  | 104,541 |
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | 1,099 |  |  |  | 182 |
Net increase in cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | 630,670 |  |  |  | 104,179 |
Cash and cash equivalents at beginning of year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cash and cash equivalents at end of year |  |  | — |  |  |  | — |  |  |  | 630,670 |  |  |  | 104,179 |
(a) Basis of accounting For the Company only condensed financial information, the Company records its investment in its subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323-10, Investments-Equity Method and Joint Ventures: Overall. Such investment is presented on the condensed balance sheets as “Investment in subsidiaries” and share of their income as “Equity in income of subsidiaries” on the condensed statements of comprehensive income. The parent company’s condensed financial statements should be read in conjunction with the Company’s consolidated financial statements. (b) Commitments The Company does not have any significant commitments or long-term obligations as of any of the years presented.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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