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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Cash flows from operating activities        
Net income for the year ¥ 527,185 $ 75,724 ¥ 611,758 ¥ 539,545
Adjustments to reconcile net income to net cash flows from operating activities:        
Allowance for uncollectible receivables and contract assets 232,241 33,359 265,978 130,943
Share-based compensation 147,582 21,199 67,778 89,396
Depreciation and amortization 17,710 2,544 11,300 4,098
Gain from disposal of property, equipment and software     (18)  
Income from investment in affiliates (378) (54)    
Changes in operating assets and liabilities:        
Assets from the investor assurance program 5,340 767 264,751 (108,800)
Account receivables and contract assets (82,824) (11,897) (6,616) (535,548)
Prepaid expenses and other current assets (35,186) (5,054) 31,242 (2,840)
Amount due from/to related parties 10,100 1,451 500,845 68,564
Deferred tax assets (61,654) (8,856) (17,637) 81,099
Operating lease right-of-use assets 9,626 1,383    
Liabilities from the investor assurance program (840,472) (120,726) (1,470,052) 843,357
Other guarantee liabilities (4,060) (583) (697,168) (1,298,842)
Payroll and welfare payables (60,374) (8,672) 5,176 43,368
Tax payables 108,055 15,521 218,187 153,412
Refund liabilities 15,505 2,227 (71,613) (693)
Accrued expenses and other current liabilities 47,692 6,851 57,721 97,693
Operating lease liabilities (9,797) (1,407)    
Net cash provided by (used in) operating activities 26,291 3,777 (228,368) 104,752
Cash flows from investing activities        
Purchase of property, equipment and software (27,608) (3,966) (16,889) (21,743)
Investments in equity investees (3,540) (508)    
Disposal of a subsidiary, net of cash disposed of RMB 7,606 (7,606) (1,093)    
Purchase of short-term investment (71,477) (10,267)    
Sale of property, equipment and software     466  
Loans to related parties (123,947) (17,804) (11,550)  
Repayments from related parties     11,550 82,958
Loans to third parties (14,000) (2,011)    
Repayments from loan to third parties 14,000 2,011    
Net cash provided by (used in) investing activities (234,178) (33,638) (16,423) 61,215
Cash flows from financing activities        
Loans from related parties 230 33 70,765 13,876
Contribution from noncontrolling shareholders of subsidiaries 815 117    
Repayments to related parties     (104,365)  
Dividend distributed to shareholders     (400,000)  
Net proceeds from issuance of ordinary shares, net of issuance cost of RMB 30,234 243,629 34,995    
Net cash provided by (used in) financing activities 244,674 35,145 (433,600) 13,876
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2,421 348    
Net change in cash, cash equivalents and restricted cash 39,208 5,632 (678,391) 179,843
Cash, cash equivalents and restricted cash at beginning of the year 82,941 11,914 761,332 581,489
Cash, cash equivalents and restricted cash at end of the year 122,149 17,546 82,941 761,332
Supplemental disclosure of cash flow information:        
Income taxes paid, net 55,581 7,984 33,773 91,032
Supplemental disclosure of non-cash investing activities:        
Disposal consideration settled by service fee collected on behalf of the Company (see Note 7) 238,857 34,310    
Reconciliation to amounts on consolidated balance sheets        
Cash and cash equivalents 122,149 17,546 41,441 606,097
Restricted cash     41,500 155,235
Total cash, cash equivalents and restricted cash ¥ 122,149 $ 17,546 ¥ 82,941 ¥ 761,332