FINANCIAL STATEMENTS SCHEDULE I (Tables)

12 Months Ended

Dec. 31, 2019

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS

(AMOUNT IN THOUSANDS, EXCEPT SHARE AND SHARE RELATED DATA)


	2018			2019
	RMB			RMB			US$
Assets
Current assets
Cash and cash equivalents		—			27,223			3,910
Short-term investment		—			69,618			10,000
Amounts due from subsidiaries and VIEs		—			44,695			6,420
Amounts due from a related party		—			124,862			17,935
Prepaid and other current assets		—			1,117			160
Total current assets		—			267,515			38,425

Investments in subsidiaries and VIEs		(1,652,006	)		(1,003,436	)		(144,135	)

Total assets		(1,652,006	)		(735,921	)		(105,710	)

Liabilities
Current Liabilities
Accrued expenses and other current liabilities		—			5,933			851
Total liabilities		—			5,933			851
Equity
Ordinary shares		—			—			—
Additional paid-in capital		395,472			777,408			111,668
Accumulated deficit		(2,047,478	)		(1,519,731	)		(218,296	)
Other comprehensive income		—			469			67

Total deficit		(1,652,006	)		(741,854	)		(106,561	)

Total liabilities and deficit		(1,652,006	)		(735,921	)		(105,710	)

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF

COMPREHENSIVE INCOME

(AMOUNT IN THOUSANDS, EXCEPT SHARE AND SHARE RELATED DATA)


	Year ended December 31,
	2017		2018		2019
	RMB		RMB		RMB			US$
Operating cost and expenses:
General and administrative		—		—		(2,886	)		(415	)

Total operating cost and expenses		—		—		(2,886	)		(415	)

Loss from operations		—		—		(2,886	)		(415	)
Interest income		—		—		4,910			705
Other income, net		—		—		1			—

Income before taxes and income from equity in subsidiaries and VIEs		—		—		2,025			290
Income tax expense		—		—		—			—
Equity in earnings of subsidiaries and VIEs		539,545		611,758		525,722			75,515
Net income		539,545		611,758		527,747			75,805
Other comprehensive income, net of tax
Change in cumulative foreign currency translation adjustment		—		—		469			67
Other comprehensive income		—		—		469			67

Comprehensive income		539,545		611,758		528,216			75,872

ADDITIONAL INFORMATION—FINANCIAL STATEMENTS SCHEDULE I

CONSOLIDATED STATEMENTS OF COMPANY CASH FLOW STATEMENTS

(AMOUNT IN THOUSANDS, EXCEPT FOR SHARE AND PER SHARE DATA)


	Year ended December 31,
	2017			2018			2019
	RMB			RMB			RMB			US$
Cash flows from operating activities
Net income		539,545			611,758			527,747			75,805
Adjustments to reconcile net income to net cash used in operating activities:
Share of results of subsidiaries and VIEs		(539,545	)		(611,758	)		(525,722	)		(75,515	)
Depreciation and amortization		—			—			2,020			290
Changes in operating assets and liabilities:
Amounts due from a related party		—			—			(4,938	)		(709	)
Amounts due from subsidiaries and VIEs								(44,695	)		(6,420	)
Prepaid and other current assets		—			—			(3,137	)		(451	)
Accrued expenses and other current liabilities		—			—			5,933			851

Net cash used in operating activities		—			—			(42,792	)		(6,149	)

Cash flows from investing activities
Loan to a related party		—			—			(119,924	)		(17,225	)
Purchase of short-term investment		—			—			(71,477	)		(10,267	)

Net cash used in investing activities		—			—			(191,401	)		(27,492	)

Cash flows from financing activities
Net proceeds from issuance of ordinary sh ares								255,928			36,762

Net cash provided by financing activities		—			—			255,928			36,762

Effect of foreign exchange rate changes on cash and cash equivalents		—			—			5,488			789
Net decrease in cash and cash equivalents		—			—			27,223			3,910
Cash and cash equivalents at beginning of year		—			—			—			—

Cash and cash equivalents at end of the year		—			—			27,223			3,910
Supplemental disclosure of significant non-cash investing and financing activities:		—			—			—			—
Decease in investment in subsidiaries and VIEs for cash dividend paid by a subsidiary on behalf of the parent to the Company ’s shareholders		—			(400,000	)		—			—