Condensed Financial Information of the Company (Tables)

12 Months Ended

Dec. 31, 2017

Balance Sheets


	As of December 31,
	2016			2017
	RMB			RMB		US$
ASSETS
Current assets
Cash and cash equivalents		74,488			373,484		57,403
Restricted cash		69,370			65,342		10,043
Short-term investments		316			196,026		30,129
Prepayments and other current assets		33,564			97,120		14,927
Due from related parties		2,619,793			2,131,927		327,671

Total current assets		2,797,531			2,863,899		440,173

Non-current assets
Intangible assets, net		9,846			2,587		398
Goodwill		63,460			59,775		9,187
Investment in equity investees		5,814			5,317		817
Other long-term investment		—			326,710		50,214
Investment in subsidiaries		864,120			2,295,956		352,882

Total non-current assets		943,240			2,690,345		413,498

Total assets		3,740,771			5,554,244		853,671

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Bank loans		346,850			326,710		50,214
Accounts payable		32			—		—
Accrued expenses and other current liabilities		24,101			11,709		1,800
Due to related parties		356,898			919,431		141,314
Income tax payable		344			2,772		426

Total current liabilities		728,225			1,260,622		193,754

Non-current liabilities
Other non-current liabilities		194			261		39

Total non-current liabilities		194			261		39

Total liabilities		728,419			1,260,883		193,793

Shareholders’ equity
Class A ordinary shares (par value of US$0.000025 per share; 7,600,000,000 shares authorized; 410,608,263 and 415,250,897 shares issued as of December 31, 2016 and 2017, respectively; 380,922,773 and 409,345,857 shares outstanding as of December 31, 2016 and 2017, respectively)		65			65		10
Class B ordinary shares (par value of US$0.000025 per share; 1,400,000,000 shares authorized; 1,015,128,452 and 1,006,398,742 shares issued as of December 31, 2016 and 2017, respectively; 1,003,326,973 and 992,705,325 shares outstanding as of December 31, 2016 and 2017, respectively)		165			164		25
Treasury stock (25,368,080 and nil shares as of December 31, 2016 and 2017, respectively)		(178,991	)		—		—
Additional paid-in capital		2,725,675			2,644,043		406,382
Retained earnings		237,293			1,564,883		240,518
Accumulated other comprehensive income		228,145			84,206		12,943
Total shareholders’ equity		3,012,352			4,293,361		659,878

Total liabilities and shareholders’ equity		3,740,771			5,554,244		853,671

Condensed Comprehensive Income

Statements of Comprehensive Income


	Years ended December 31,
	2015			2016			2017
	RMB			RMB			RMB			US$
Revenues		196,640			105,497			52,053			8,000
Cost of revenues		(20,531	)		(15,993	)		(6,919	)		(1,063	)

Gross profit		176,109			89,504			45,134			6,937

Operating expenses
Research and development		(74,426	)		(61,389	)		(11,370	)		(1,748	)
Selling and marketing		(107	)		(347	)		(84	)		(13	)
General and administrative		(31,279	)		(33,153	)		(18,931	)		(2,910	)

Total operating expenses		(105,812	)		(94,889	)		(30,385	)		(4,671	)

Equity in profit (loss) of subsidiaries		133,246			(94,219	)		1,346,556			206,962
Interest income (expense), net		7,169			(3,213	)		(6,525	)		(1,003	)
Losses from equity method investments		(42	)		(352	)		(159	)		(24	)
Impairment of investments		(25,891	)		—			—			—
Settlement and changes in fair value of contingent considerations		(707	)		(240	)		—			—
Foreign exchange gain (loss), net		389			4,385			(3,877	)		(596	)
Other income, net		1,620			25,211			—			—

Income (Loss) before income taxes		186,081			(73,813	)		1,350,744			207,605

Income tax expenses		(9,734	)		(6,712	)		(2,550	)		(392	)

Net income (loss)		176,347			(80,525	)		1,348,194			207,213

Other comprehensive income (loss), net of tax of nil
Unrealized gain (loss) on available-for-sale securities, net		2,915			(20,425	)		(433	)		(67	)
Foreign currency translation adjustments		114,000			129,454			(143,506	)		(22,056	)

Other comprehensive (loss) income		116,915			109,029			(143,939	)		(22,123	)

Total comprehensive income		293,262			28,504			1,204,255			185,090

Condensed Cash Flow Statement

Statements of Cash Flows


	Years ended December 31,
	2015			2016			2017
	RMB			RMB			RMB			US$
Net cash provided by (used in) operating activities		118,281			(114,699	)		40,685			6,253
Net cash (used in) provided by investing activities		(202,844	)		(437,878	)		265,767			40,848
Net cash provided by financing activities		102,366			11,546			23,929			3,678
Effect of exchange rate changes on cash and cash equivalents		31,181			32,145			(31,385	)		(4,824	)

Net increase (decrease) in cash and cash equivalents		48,984			(508,886	)		298,996			45,955

Cash and cash equivalents at beginning of the year		534,390			583,374			74,488			11,448

Cash and cash equivalents at end of the year		583,374			74,488			373,484			57,403