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CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables) (Parent Company [Member])
12 Months Ended
Dec. 31, 2014
Parent Company [Member]
 
Schedule of Condensed Balance Sheets
As of
December 31,
2013
As of
December 31,
2014
    As of
December 31,
2014
 
RMB RMB     US$  
       
ASSETS              
Current assets:                        
Cash and cash equivalents     369,936       93,748       15,109  
Time deposits     121,085       372,450       60,028  
Other current assets     194       5,964       962  
Amounts due from  intergroup companies     1,559       51,178       8,248  
                         
Total current assets     492,774       523,340       84,347  
                         
Non-current assets:                        
Investment in subsidiaries and VIEs     335,566       619,032       99,770  
Property and equipment, net     527       462       74  
                         
Total non-current assets     336,093       619,494       99,844  
                         
TOTAL ASSETS     828,867       1,142,834       184,191  

 

 

As of
December 31,
2013
As of
December 31,
2014
    As of
December 31,
2014
 
RMB RMB     US$  
LIABILITIES AND SHAREHOLDERS' EQUITY                
Current liabilities:                
Accrued payroll and welfare payable     -       62       10  
Accrued expenses and other liabilities     12,098       11,217       1,807  
Amounts due to intergroup companies     7,349       13,933       2,246  
                         
Total current liabilities     19,447       25,212       4,063  
                         
TOTAL LIABILITIES     19,447       25,212       4,063  
                         
Shareholders' equity :                        
Class A Ordinary shares, par value US$0.00005 per share, 700,000,000 shares authorized as of  December 31, 2013 and 2014; 66,539,000 and 254,844,582 shares issued and outstanding as of December 31, 2013 and 2014, respectively     20       85       14  
Class B Ordinary shares, par value US$0.00005 per share; 300,000,000 shares authorized as of December 31, 2013 and 2014; 262,197,451 and 96,634,529 shares issued and outstanding as of December 31, 2013 and 2014, respectively     94       36       6  
Additional paid-in capital     967,233       1,106,234       178,293  
Accumulated other comprehensive income     10,492       22,637       3,648  
Accumulated deficit     (168,419 )     (11,370 )     (1,833 )
                         
Total shareholder's equity     809,420       1,117,622       180,128  
                         
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY     828,867       1,142,834       184,191  

 

Schedule of Condensed Statements of Comprehensive Income
For the years ended December 31,
2012 2013     2014     2014  
RMB RMB     RMB     US$  
               
Net Revenues     -       -       -       -  
Operating expenses:                                
Sales and marketing     -       -       (214 )     (34 )
General and administrative     (608 )     (952 )     (11,875 )     (1,914 )
Write-off of deferred offering expenses     (2,230 )     -       (3,241 )     (522 )
                                 
Total operating expenses     (2,838 )     (952 )     (15,330 )     (2,470 )
Other operating expenses     (4 )     -       -       -  
                                 
Operating loss     (2,842 )     (952 )     (15,330 )     (2,470 )
Interest income     -       246       10,920       1,760  
Interest expense     -       (4,712 )     -       -  
Changes in fair value of derivative component of the convertible note     -       (26,809 )     -       -  
Equity in profits of subsidiaries and VIEs     14,618       120,741       161,459       26,023  
                                 
Income before income tax     11,776       88,514       157,049       25,313  
Income tax benefit (expense)     (7,533 )     17,540       -       -  
                                 
Net income     4,243       106,054       157,049       25,313  
                                 
Other comprehensive income (loss)                                
Foreign currency translation gain  (loss)     58       (5,496 )     12,145       1,957  
                                 
Comprehensive income     4,301       100,558       169,194       27,270  
Schedule of Condensed Statements of Cash Flows
For the years ended December 31,
2012 2013     2014     2014  
RMB RMB     RMB     US$  
               
Net cash generated from (used in) operating activities     38       7,387       (26,721 )     (4,307 )
Net cash generated from (used in) investing activities     511       (116,035 )     (293,289 )     (47,270 )
Net cash generated from financing activities     2,302       479,896       42,315       6,820  
Effect of exchange rate changes on cash and cash equivalents     -       (4,812 )     1,507       243  
Net increase (decrease) in cash and cash equivalents     2,851       366,436       (276,188 )     (44,514 )
Cash and cash equivalents at beginning of the year     649       3,500       369,936       59,623  
Cash and cash equivalents at end of the year     3,500       369,936       93,748       15,109