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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2011
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 32. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed balance sheets
|  | As at December 31, |
|  | 2010 |  |  | 2011 |  |  | 2011 |
|  | RMB |  |  | RMB |  |  | US$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  |  | 8,034 |  |  |  | 8,869 |  |  |  | 1,409 |
Restricted cash, current portion |  |  | 66,227 |  |  |  | - |  |  |  | - |
Time deposits with original maturities exceeding three months |  |  | - |  |  |  | 31,470 |  |  |  | 5,000 |
Amounts due from subsidiaries |  |  | 377,403 |  |  |  | 227,211 |  |  |  | 36,100 |
Prepayments and other current assets |  |  | 15,788 |  |  |  | - |  |  |  | - |
Total current assets |  |  | 467,452 |  |  |  | 267,550 |  |  |  | 42,509 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries |  |  | 1,747,331 |  |  |  | 1,790,931 |  |  |  | 284,550 |
Total assets |  |  | 2,214,783 |  |  |  | 2,058,481 |  |  |  | 327,059 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accrued expenses and other liabilities |  |  | 4,531 |  |  |  | 3,321 |  |  |  | 528 |
Amounts due to subsidiaries |  |  | 5,161 |  |  |  | 120,660 |  |  |  | 19,171 |
Total current liabilities |  |  | 9,692 |  |  |  | 123,981 |  |  |  | 19,699 |
Total liabilities |  |  | 9,692 |  |  |  | 123,981 |  |  |  | 19,699 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Ordinary shares (par value of US$0.0001 per share; authorized - 450,000,000 shares; Issued and outstanding - 142,353,532 shares at December 31, 2010 and 2011) |  |  | 105 |  |  |  | 105 |  |  |  | 17 |
Treasury stock |  |  | - |  |  |  | (1 | ) |  |  | - |
Additional paid-in capital |  |  | 2,604,704 |  |  |  | 2,551,877 |  |  |  | 405,452 |
Accumulated other comprehensive loss |  |  | (14,835 | ) |  |  | (17,595 | ) |  |  | (2,796 | )
Accumulated deficit |  |  | (384,883 | ) |  |  | (599,886 | ) |  |  | (95,313 | )
Total shareholders’ equity |  |  | 2,205,091 |  |  |  | 1,934,500 |  |  |  | 307,360 |
Total liabilities and shareholders’ equity |  |  | 2,214,783 |  |  |  | 2,058,481 |  |  |  | 327,059 |
Condensed statements of operations
|  | For the Years Ended December 31, |
|  | 2009 |  |  | 2010 |  |  | 2011 |  |  | 2011 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Cost of revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
General and administrative expenses |  |  | (2,372 | ) |  |  | (27,626 | ) |  |  | (30,561 | ) |  |  | (4,856 | )
Selling expenses |  |  | (262 | ) |  |  | (2,524 | ) |  |  | (2,298 | ) |  |  | (365 | )
Operating loss |  |  | (2,634 | ) |  |  | (30,150 | ) |  |  | (32,859 | ) |  |  | (5,221 | )
Equity in profit of subsidiaries |  |  | 126,621 |  |  |  | 155,397 |  |  |  | (184,276 | ) |  |  | (29,279 | )
Interest income |  |  | 818 |  |  |  | 742 |  |  |  | 2,132 |  |  |  | 339 |
Exchange gain |  |  | 22 |  |  |  | 3,411 |  |  |  | - |  |  |  | - |
Net income (loss) |  |  | 124,827 |  |  |  | 129,400 |  |  |  | (215,003 | ) |  |  | (34,161 | )
Accretion of Series A contingently redeemable convertible preferred shares |  |  | (30,050 | ) |  |  | - |  |  |  | - |  |  |  | - |
Accretion of Series B contingently redeemable convertible preferred shares |  |  | (48,359 | ) |  |  | - |  |  |  | - |  |  |  | - |
Net income (loss) attributable to ordinary shareholders |  |  | 46,418 |  |  |  | 129,400 |  |  |  | (215,003 | ) |  |  | (34,161 | )
Condensed statements of cash flows
|  | For the Years Ended December 31, |
|  | 2009 |  |  | 2010 |  |  | 2011 |  |  | 2011 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash generated from (used in) operating activities |  |  | 34 |  |  |  | (16,765 | ) |  |  | (8,418 | ) |  |  | (1,337 | )
Net cash used in investing activities |  |  | (466,520 | ) |  |  | (423,931 | ) |  |  | 8,108 |  |  |  | 1,288 |
Net cash generated from/(used in) financing activities |  |  | 793,138 |  |  |  | (145,574 | ) |  |  | 879 |  |  |  | 140 |
Exchange rate effect on cash |  |  | (127 | ) |  |  | (6,736 | ) |  |  | 266 |  |  |  | 42 |
Net increase (decrease) in cash |  |  | 326,525 |  |  |  | (593,006 | ) |  |  | 835 |  |  |  | 133 |
Cash at beginning of the year |  |  | 274,515 |  |  |  | 601,040 |  |  |  | 8,034 |  |  |  | 1,276 |
Cash at end of the year |  |  | 601,040 |  |  |  | 8,034 |  |  |  | 8,869 |  |  |  | 1,409 |
Supplemental schedule of non-cash activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conversion of convertible loans into Series A contingently redeemable convertible preferred shares |  |  | 704,276 |  |  |  | - |  |  |  | - |  |  |  | - |
Conversion of Series A and Series B convertible contingently redeemable preferred shares to ordinary shares upon initial public offering |  |  | 704,276 |  |  |  | - |  |  |  | - |  |  |  | - |
Basis of Presentation For the presentation of the parent company only condensed financial information, the Company records its investment in subsidiaries under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investment is presented on the balance sheet as “Investment in Subsidiaries” and the subsidiaries profit or loss as “Equity in profit or loss of subsidiaries” on the statement of operations. The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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