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Income tax (Tables)

12 Months Ended

Dec. 31, 2016

Income tax [Abstract]

Schedule of current and deferred portion of income tax expenses

The current and deferred portion of income tax expenses included in the consolidated statements of operations, which were substantially attributable to the Group’s PRC subsidiaries are as follows:

		For Year Ended December 31,
		2014			2015			2016
		RMB			RMB			RMB
Current tax expenses			1,912			7,793			15,348
Deferred tax			-			(13,815)			1,483
Income tax (benefits) expenses			1,912			(6,022)			16,831

Schedule of reconciliations of the differences between the PRC statutory income tax rate and the Group's effective income tax rate

Reconciliation of the differences between the PRC statutory income tax rate and the Group’s effective income tax rate for the years ended December 31, 2014, 2015 and 2016 is as follows:

		For Year Ended December 31,
		2014			2015			2016
		RMB			RMB			RMB
Statutory income tax rate			25.00	%		25.00	%		25.00	%
Share-based compensation			(36.68)	%		23.47	%		8.36	%
Effect on tax rates in different tax jurisdiction			(0.52)	%		(15.88)	%		(1.01)	%
Tax incentives relating to research and development expenditure			5.62	%		(17.00)	%		(8.87)	%
Other non-deductible expenses			(1.59)	%		0.60	%		0.78	%
Changes in valuation allowance			4.87	%		(38.63)	%		(7.80)	%
Effective income tax rate			(3.30)	%		(22.44)	%		16.46	%

Schedule of principal components of the deferred tax assets and liabilities

The principal components of the deferred tax assets and liabilities are as follows:

		As of December 31,
		2015			2016
		RMB			RMB
Deferred tax assets:
Logistics expenses accruals			9,387			1,989
Inventory write-down			3,702			5,404
Promotion expenses accruals			1,682			1,270
Outsourced labor cost			1,086			2,620
Promotion expenses paid but tax invoices not received			1,184			186
Salary and welfare payable			3,182			748
Professional fee accruals			1,147			1,307
Marketing expenses accruals			261			424
Allowance for doubtful accounts			167			295
Other accruals			583			1,034
Net operating loss carry forward			7,802			5,452
Less: valuation allowance			(16,368)			(8,397)
Deferred tax assets, net			13,815			12,332

Summary of movement of the valuation allowance

Movement of the valuation allowance is as follows:

 

		For Year Ended December 31,
		2015			2016
		RMB			RMB
Balance as of January 1			26,735			16,368
Reversals			(10,367)			(7,971)
Balance as of December 31			16,368			8,397

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Glossary Valuation Allowance
-URI http://asc.fasb.org/extlink&oid=6528051

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-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (c)
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