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FINANCIAL INFORMATION OF PARENT COMPANY (Tables) | 12 Months Ended
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Dec. 31, 2016
FINANCIAL INFORMATION OF PARENT COMPANY [Abstract] |
Condensed Balance Sheet | CONDENSED BALANCE SHEETS (All amounts in thousands, except for share and per share data)
|  | As of December 31, |
|  | 2015 |  |  | 2016 |
|  |  |  |  |  |  |  | US$ |
|  | RMB |  |  | RMB |  |  | Note 3 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 254,213 |  |  |  | 460,670 |  |  |  | 66,350 |
Prepayments and other current assets |  |  | 7,180 |  |  |  | 2,526 |  |  |  | 364 |
Amounts due from subsidiaries and VIE |  |  | 764,883 |  |  |  | 779,762 |  |  |  | 112,309 |
Total current assets |  |  | 1,026,276 |  |  |  | 1,242,958 |  |  |  | 179,023 |
Investments in subsidiaries and VIE |  |  | 218,147 |  |  |  | 325,144 |  |  |  | 46,830 |
Investments in cost method investees other than subsidiaries and VIE |  |  | 6,682 |  |  |  | 6,682 |  |  |  | 962 |
TOTAL ASSETS |  |  | 1,251,105 |  |  |  | 1,574,784 |  |  |  | 226,815 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  |  | 9,165 |  |  |  | 2,772 |  |  |  | 399 |
Amounts due to related parties |  |  | 7,469 |  |  |  | - |  |  |  | - |
Total current liabilities |  |  | 16,634 |  |  |  | 2,772 |  |  |  | 399 |
TOTAL LIABILITIES |  |  | 16,634 |  |  |  | 2,772 |  |  |  | 399 |
SHAREHOLDERS' EQUITY(DEFICIT) |  |  |  |  |  |  |  |  |  |  |  |
Class A ordinary shares (US$0.0001 par value; 470,000,000 shares authorized, 138,170,631 and 146,111,244 shares issued and outstanding as of December 31, 2015 and December 31, 2016, respectively) |  |  | 85 |  |  |  | 92 |  |  |  | 13 |
Class B ordinary shares (US$0.0001 par value; 30,000,000 shares authorized, 13,300,738 shares issued and outstanding as of December 31, 2015 and December 31, 2016, respectively) |  |  | 8 |  |  |  | 8 |  |  |  | 1 |
Additional paid-in capital |  |  | 1,535,665 |  |  |  | 1,761,430 |  |  |  | 253,699 |
Accumulated deficits |  |  | (320,499) |  |  |  | (233,866) |  |  |  | (33,684) |
Accumulated other comprehensive income |  |  | 19,212 |  |  |  | 44,348 |  |  |  | 6,387 |
Total shareholders' equity |  |  | 1,234,471 |  |  |  | 1,572,012 |  |  |  | 226,416 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY(DEFICIT) |  |  | 1,251,105 |  |  |  | 1,574,784 |  |  |  | 226,815 |
Condensed Income Statement | CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (All amounts in thousands, except for share and per share data)
|  | For year ended December 31, |
|  | 2014 |  |  | 2015 |  |  | 2016 |
|  |  |  |  |  |  |  |  |  |  | US$ |
|  | RMB |  |  | RMB |  |  | RMB |  |  | Note 3 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  |  | (66) |  |  |  | (3,126) |  |  |  | (6,129) |  |  |  | (883) |
Other operating income |  |  | - |  |  |  | 1,399 |  |  |  | 2,446 |  |  |  | 352 |
Total operating expenses |  |  | (66) |  |  |  | (1,727) |  |  |  | (3,683) |  |  |  | (531) |
Loss from operations |  |  | (66) |  |  |  | (1,727) |  |  |  | (3,683) |  |  |  | (531) |
Interest income |  |  | - |  |  |  | 1,175 |  |  |  | 3,358 |  |  |  | 484 |
Exchange gain (loss) |  |  | (2,414) |  |  |  | (471) |  |  |  | 7 |  |  |  | 1 |
Equity in income (loss) of subsidiaries and VIE |  |  | (57,334) |  |  |  | 23,644 |  |  |  | 86,951 |  |  |  | 12,523 |
Net income (loss) |  |  | (59,814) |  |  |  | 22,621 |  |  |  | 86,633 |  |  |  | 12,477 |
Deemed dividend from issuance of convertible redeemable preferred shares |  |  | (16,666) |  |  |  | - |  |  |  | - |  |  |  | - |
Change in redemption value of convertible redeemable preferred shares |  |  | (79,169) |  |  |  | (25,332) |  |  |  | - |  |  |  | - |
Net income (loss) attributable to ordinary shareholders: |  |  | (155,649) |  |  |  | (2,711) |  |  |  | 86,633 |  |  |  | 12,477 |
Net income (loss) |  |  | (59,814) |  |  |  | 22,621 |  |  |  | 86,633 |  |  |  | 12,477 |
Foreign currency translation adjustment |  |  | 1,249 |  |  |  | 18,008 |  |  |  | 25,136 |  |  |  | 3,620 |
Comprehensive income (loss) |  |  | (58,565) |  |  |  | 40,629 |  |  |  | 111,769 |  |  |  | 16,097 |
Condensed Cash Flow Statement | CONDENSED STATEMENT OF CASH FLOWS (All amounts in thousands, except for share and per share data)
|  | For year ended December 31, |
|  | 2014 |  |  | 2015 |  |  | 2016 |
|  |  |  |  |  |  |  |  |  |  | US$ |
|  | RMB |  |  | RMB |  |  | RMB |  |  | Note 3 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  | (59,814) |  |  |  | 22,621 |  |  |  | 86,633 |  |  |  | 12,477 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange (gain) loss |  |  | 2,414 |  |  |  | 471 |  |  |  | (7) |  |  |  | (1) |
Equity in (income) loss of subsidiaries and VIE |  |  | 57,334 |  |  |  | (23,644) |  |  |  | (86,951) |  |  |  | (12,523) |
Changes in other current liabilities |  |  | 38 |  |  |  | 9,127 |  |  |  | (6,394) |  |  |  | (921) |
Net cash provided by (used in) operating activities |  |  | (28) |  |  |  | 8,575 |  |  |  | (6,719) |  |  |  | (968) |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advances to subsidiaries and VIE |  |  | (5,932) |  |  |  | (229,031) |  |  |  | (14,879) |  |  |  | (2,143) |
Investment in cost method investees |  |  | - |  |  |  | (6,682) |  |  |  | - |  |  |  | - |
Investments in subsidiaries |  |  | - |  |  |  | (366,234) |  |  |  | 14,139 |  |  |  | 2,037 |
Net cash used in investing activities |  |  | (5,932) |  |  |  | (601,947) |  |  |  | (740) |  |  |  | (106) |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from amounts due to related parties |  |  | 68,941 |  |  |  | - |  |  |  | - |  |  |  | - |
Repayment of amounts due to related parties |  |  | (61,472) |  |  |  | - |  |  |  | - |  |  |  | - |
Proceeds from shareholders’ payment for ordinary shares |  |  | 17 |  |  |  | - |  |  |  | - |  |  |  | - |
Proceeds from issuance of Series D convertible redeemable preferred shares, net |  |  | 145,746 |  |  |  | - |  |  |  | - |  |  |  | - |
Proceeds from issuance of ordinary shares upon public offering |  |  | - |  |  |  | 784,350 |  |  |  | 253,678 |  |  |  | 36,537 |
Proceeds from exercises of stock options |  |  | - |  |  |  | 11 |  |  |  | 3,943 |  |  |  | 568 |
Payment for ordinary shares repurchase |  |  | - |  |  |  | (13,958) |  |  |  | (45,321) |  |  |  | (6,528) |
Advances for ordinary shares repurchase |  |  | - |  |  |  | (5,521) |  |  |  | - |  |  |  | - |
Payment for public offering costs |  |  | (823) |  |  |  | (77,289) |  |  |  | (15,644) |  |  |  | (2,253) |
Net cash provided by financing activities |  |  | 152,409 |  |  |  | 687,593 |  |  |  | 196,656 |  |  |  | 28,324 |
Net increase in cash and cash equivalents |  |  | 146,449 |  |  |  | 94,221 |  |  |  | 189,197 |  |  |  | 27,250 |
Cash and cash equivalents, beginning of year |  |  | - |  |  |  | 144,814 |  |  |  | 254,213 |  |  |  | 36,614 |
Effect of exchange rate changes on cash and cash equivalents |  |  | (1,635) |  |  |  | 15,178 |  |  |  | 17,260 |  |  |  | 2,486 |
Cash and cash equivalents, end of year |  |  | 144,814 |  |  |  | 254,213 |  |  |  | 460,670 |  |  |  | 66,350 |

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