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Company Financial Statements (Parent Company Only) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Company Financial Statements (Parent Company Only) |
22. | Company Financial Statements (Parent Company Only)
The Company performed a test on the restricted net assets of its consolidated subsidiaries and VIEs in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial information for the Company only. The footnote disclosures contain supplemental information relating to the operations of the Company. The Company did not have significant capital and other commitments, or guarantees as of December 31, 2022 Condensed Balance Sheets
|  | As of December 31, |
|  | 2021 |  |  | 2022 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | US$ |
|  |  |  |  |  |  |  | Note 2(e) |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 72,998 |  |  |  | 362 |  |  |  | 52 |
Amounts due from a subsidiary |  |  | — |  |  |  | 13,697 |  |  |  | 1,986 |
Total current assets |  |  | 72,998 |  |  |  | 14,059 |  |  |  | 2,038 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |
Investments in subsidiaries |  |  | 290,462 |  |  |  | 213,579 |  |  |  | 30,966 |
Total non-current assets |  |  | 290,462 |  |  |  | 213,579 |  |  |  | 30,966 |
Total assets |  |  | 363,460 |  |  |  | 227,638 |  |  |  | 33,004 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accruals and other liabilities |  |  | 3,744 |  |  |  | 27,432 |  |  |  | 3,977 |
Amounts due to the subsidiaries the VIEs |  |  | — |  |  |  | 11,230 |  |  |  | 1,628 |
Total current liabilities |  |  | 3,744 |  |  |  | 38,662 |  |  |  | 5,605 |
Non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Net interests of the VIEs |  |  | 27,115 |  |  |  | 64,718 |  |  |  | 9,383 |
Total non-current liabilities |  |  | 27,115 |  |  |  | 64,718 |  |  |  | 9,383 |
Total liabilities |  |  | 30,859 |  |  |  | 103,380 |  |  |  | 14,988 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Class A Ordinary shares |  |  | 50 |  |  |  | 51 |  |  |  | 8 |
Class B Ordinary shares |  |  | 25 |  |  |  | 24 |  |  |  | 3 |
Additional paid-in capital |  |  | 1,459,374 |  |  |  | 1,558,356 |  |  |  | 225,940 |
Statutory reserves |  |  | 1,191 |  |  |  | 1,191 |  |  |  | 173 |
Accumulated deficit |  |  | (1,122,153 | ) |  |  | (1,450,374 | ) |  |  | (210,284 | )
Accumulated other comprehensive (loss) income |  |  | (5,886 | ) |  |  | 15,010 |  |  |  | 2,176 |
Total shareholders’ equity |  |  | 332,601 |  |  |  | 124,258 |  |  |  | 18,016 |
Total liabilities and shareholders’ equity |  |  | 363,460 |  |  |  | 227,638 |  |  |  | 33,004 |
Condensed Statements of Comprehensive Loss
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  |  |  |  |  |  |  |  |  |  | Note 2(e) |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  |  | (1,144 | ) |  |  | (5,668 | ) |  |  | (13,630 | ) |  |  | (1,976 | )
Total operating expenses |  |  | (1,144 | ) |  |  | (5,668 | ) |  |  | (13,630 | ) |  |  | (1,976 | )
Loss from operations |  |  | (1,144 | ) |  |  | (5,668 | ) |  |  | (13,630 | ) |  |  | (1,976 | )
Interest income |  |  | 463 |  |  |  | 14 |  |  |  | 1 |  |  |  | — |
Share of losses from subsidiaries |  |  | (117,678 | ) |  |  | (299,575 | ) |  |  | (253,575 | ) |  |  | (36,765 | )
Income (losses) from the VIEs |  |  | 30,740 |  |  |  | (8,730 | ) |  |  | (37,603 | ) |  |  | (5,452 | )
Other expenses |  |  | — |  |  |  | — |  |  |  | (23,414 | ) |  |  | (3,394 | )
Net loss attributable to the Company’s ordinary shareholders |  |  | (87,619 | ) |  |  | (313,959 | ) |  |  | (328,221 | ) |  |  | (47,587 | )
Other comprehensive (loss) income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment, net of nil tax |  |  | (9,974 | ) |  |  | (6,107 | ) |  |  | 20,896 |  |  |  | 3,030 |
Unrealized gains on available-for-sale debt securities |  |  | 1,729 |  |  |  | (1,729 | ) |  |  | — |  |  |  | — |
Other comprehensive (loss) income, net of tax |  |  | (8,245 | ) |  |  | (7,836 | ) |  |  | 20,896 |  |  |  | 3,030 |
Comprehensive loss attributable to the Company’s ordinary shareholder |  |  | (95,864 | ) |  |  | (321,795 | ) |  |  | (307,325 | ) |  |  | (44,557 | )
Condensed Statements of Cash Flows
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  |  |  |  |  |  |  |  |  |  | Note (e) |
Cash flows from operating activities |  |  | (681 | ) |  |  | (4,874 | ) |  |  | (13,738 | ) |  |  | (1,992 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital contribution to Group companies |  |  | (66,599 | ) |  |  | (190,026 | ) |  |  | (58,898 | ) |  |  | (8,539 | )
Other investing activities |  |  | (484 | ) |  |  | 150 |  |  |  | — |  |  |  | — |
Net cash used in investing activities |  |  | (67,083 | ) |  |  | (189,876 | ) |  |  | (58,898 | ) |  |  | (8,539 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financing activities |  |  | (7,343 | ) |  |  | 256,947 |  |  |  | — |  |  |  | — |
Net cash (used in) provided by financing activities |  |  | (7,343 | ) |  |  | 256,947 |  |  |  | — |  |  |  | — |
Net (decrease) increase in cash and cash equivalents |  |  | (75,107 | ) |  |  | 62,197 |  |  |  | (72,636 | ) |  |  | (10,531 | )
Cash and cash equivalents at beginning of the year |  |  | 85,908 |  |  |  | 10,801 |  |  |  | 72,998 |  |  |  | 10,583 |
Cash and cash equivalents at end of the year |  |  | 10,801 |  |  |  | 72,998 |  |  |  | 362 |  |  |  | 52 |
Basis of presentation Condensed financial information is used for the presentation of the Company, or the parent company. The parent company records its investment in its subsidiary, the VIEs under the equity method of accounting as prescribed in ASC 323, Investments-Equity Method and Joint Ventures . Such investments are presented on the Condensed Balance Sheets as “Investments in subsidiaries and VIEs”, and their respective loss as “Share of losses from subsidiaries and VIEs” on the Condensed Statements of Comprehensive Loss. The subsidiaries did not pay any dividends to the Company for the periods presented. The Company does not have significant commitments or long-term obligations as of the period end other than those presented. The parent company’s condensed financial statements should be read in conjunction with the Company’s consolidated financial statements.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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