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CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Tables)

12 Months Ended

Dec. 31, 2015

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

Condensed Balance Sheet

		As of December 31,
		2014		2015
		RMB		RMB		US$
ASSETS
Current assets
Cash and cash equivalents		534,390		583,374		90,057
Restricted cash		—		25,974		4,010
Short-term investments		428,330		6,494		1,003
Prepayments and other current assets		2,325		15,162		2,341
Due from related parities		698,888		1,411,418		217,885
Total current assets		1,663,933		2,042,422		315,296
Non-current assets
Intangible assets, net		36,062		25,022		3,863
Goodwill		39,578		59,404		9,170
Investment in equity investees		—		5,802		896
Other long-term investment		55,740		46,373		7,158
Investment in subsidiaries		436,286		949,494		146,577
Total non-current assets		567,666		1,086,095		167,664
Total assets		2,231,599		3,128,517		482,960
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY
Current liabilities
Bank loans		—		129,872		20,049
Accrued expenses and other current liabilities		6,919		17,734		2,738
Redemption right liabilities		520		474		73
Due to related parties		12,272		57,933		8,943
Income tax payable		1,188		10,351		1,598
Total current liabilities		20,899		216,364		33,401
Non-current liabilities
Other non-current liabilities		4,362		214		34
Total non-current liabilities		4,362		214		34
Total liabilities		25,261		216,578		33,435
Shareholders’ equity
Class A ordinary shares (par value of US$0.000025 per share; 7,600,000,000 shares authorized as of December 31, 2014 and 2015, respectively; 288,988,560 and 365,961,759 shares issued as of December 31, 2014 and 2015, respectively; 260,045,912 and 350,398,737 shares outstanding as of December 31, 2014 and 2015, respectively)		42		56		9
Class B ordinary shares (par value of US$0.000025 per share; 1,400,000,000 shares authorized as of December 31, 2014 and 2015, respectively; 1,127,614,152 and 1,058,514,152 shares issued as of December 31, 2014 and 2015, respectively; 1,095,456,652 and 1,035,037,339 shares outstanding as of December 31, 2014 and 2015, respectively)		180		170		26
Additional paid-in capital		2,059,983		2,468,562		381,080
Retained earnings		142,760		319,356		49,299
Accumulated other comprehensive income		3,373		123,795		19,111
Total shareholders’ equity		2,206,338		2,911,939		449,525
Total liabilities, mezzanine equity and shareholders’ equity		2,231,599		3,128,517		482,960

Condensed Comprehensive Income

		Years ended December 31,
		2013		2014		2015
		RMB		RMB		RMB		US$
Revenues		2,070		22,002		196,640		30,356
Cost of revenues		(1,950	)	(17,752	)	(20,531	)	(3,169	)
Gross profit		120		4,250		176,109		27,187
Operating expenses
Research and development		(12,491	)	(44,011	)	(74,426	)	(11,489	)
Selling and marketing		—		(31	)	(107	)	(17	)
General and administrative		(15,146	)	(13,103	)	(31,279	)	(4,829	)
Total operating expenses		(27,637	)	(57,145	)	(105,812	)	(16,335	)
Equity in profit of subsidiaries		76,031		99,213		133,495		20,608
Interest income		2,494		20,908		7,169		1,107
Changes in fair value of redemption right and put options granted		11,146		3,576		—		—
Losses from equity method investments		—		—		(42	)	(6	)
Impairment of investments		—		—		(25,891	)	(3,997	)
Settlement and changes in fair value of contingent considerations		(973	)	(1,755	)	(707	)	(109	)
Foreign exchange gain (loss), net		946		(17	)	389		60
Other income, net		—		—		1,620		250
Income before income taxes		62,127		69,030		186,330		28,765
Income tax expenses		(109	)	(1,089	)	(9,734	)	(1,503	)
Net income		62,018		67,941		176,596		27,262
Other comprehensive income (Loss), net of tax of nil
Unrealized gains on available-for-sale securities, net		—		—		2,945		455
Foreign currency translation adjustments		(8,807	)	(6,918	)	117,477		18,135
Other comprehensive income, net of tax nil:		(8,807	)	(6,918	)	120,422		18,590
Total comprehensive income		53,211		61,023		297,018		45,852

Condensed Cash Flow Statement

		Years ended December 31,
		2013		2014		2015
		RMB		RMB		RMB		US$
Net cash provided by (used in) operating activities		1,335		(629,518	)	118,281		18,259
Net cash used in investing activities		(57,070	)	(516,106	)	(202,844	)	(31,314	)
Net cash provided by financing activities		321,965		1,404,056		102,366		15,803
Effect of exchange rate changes on cash		(5,504	)	(6,626	)	31,181		4,813
Net increase in cash and cash equivalents		260,726		251,806		48,984		7,561
Cash and cash equivalents at beginning of the year		21,858		282,584		534,390		82,496
Cash and cash equivalents at end of the year		282,584		534,390		583,374		90,057

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