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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2012
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION [Abstract]  
Condensed Balance Sheets

 

                         
    As at December 31  
    2011     2012     2012  
    RMB     RMB     US$  
       

ASSETS

                        

Current assets:

                        

Cash

     8,869       7,301       1,172  

Time deposits with original maturities exceeding three months

     31,470       -       -  

Amounts due from subsidiaries

     227,211       411,919       66,118  
   

 

 

    

 

 

    

 

 

  

Total current assets

     267,550       419,220       67,290  
   

 

 

    

 

 

    

 

 

  

Non-current assets:

                        

Investment in subsidiaries

     1,790,931       1,945,280       312,238  
   

 

 

    

 

 

    

 

 

  
       

Total assets

     2,058,481       2,364,500       379,528  
   

 

 

    

 

 

    

 

 

  
       

LIABILITIES AND SHAREHOLDERS' EQUITY

                        

Current liabilities:

                        

Short-term bank borrowings

     -       205,593       33,000  

Accrued expenses and other liabilities

     3,321       4,453       715  

Amounts due to subsidiaries

     120,660       122,868       19,722  
   

 

 

    

 

 

    

 

 

  

Total current liabilities

     123,981       332,914       53,437  
   

 

 

    

 

 

    

 

 

  
                         
   

 

 

    

 

 

    

 

 

  

Total liabilities

     123,981       332,914       53,437  
   

 

 

    

 

 

    

 

 

  
       

Shareholders' equity:

                        

Ordinary shares (par value of US$0.0001 per share; authorized shares-500,000,000; issued shares-142,353,532 as of December 31, 2011 and 2012; outstanding shares-141,403,597 and 135,487,408 as of December 31, 2011 and 2012, respectively)

     105       105       17  

Treasury stock (949,935 and 6,866,124 as of December 31, 2011 and 2012, respectively)

     (1 )     (5 )     (1 )

Additional paid-in capital

     2,551,877       2,517,496       404,086  

Accumulated other comprehensive loss

     (17,595 )     (16,955 )     (2,722 )

Accumulated deficit

     (599,886 )     (469,055 )     (75,289 )
   

 

 

    

 

 

    

 

 

  

Total shareholders' equity

     1,934,500       2,031,586       326,091  
   

 

 

    

 

 

    

 

 

  

Total liabilities and shareholders' equity

     2,058,481       2,364,500       379,528  
   

 

 

    

 

 

    

 

 

  

 

 
Condensed Statements of Operations
                                 
    For the Years Ended December 31  
    2010     2011     2012     2012  
    RMB     RMB     RMB     US$  
         

Revenues

     -       -       -       -  

Cost of revenues

     -       -       -       -  

General and administrative expenses

     (27,626 )     (30,561 )     (19,879 )     (3,191 )

Selling expenses

     (2,524 )     (2,298 )     (2,296 )     (369 )
         

Operating loss

     (30,150 )     (32,859 )     (22,175 )     (3,560 )

Equity in profit of subsidiaries

     155,397       (184,276 )     152,691       24,509  

Interest income

     742       2,132       307       50  

Exchange gain

     3,411       -       8       1  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Net income (loss)

     129,400       (215,003 )     130,831       21,000  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Net income (loss) attributable to ordinary shareholders

     129,400       (215,003 )     130,831       21,000  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Other comprehensive (loss) income, net of tax of nil

                                

Foreign currency translation adjustments

     (10,848 )     (2,760 )     640       102  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total other comprehensive (loss) income

     (10,848 )     (2,760 )     640       102  
   

 

 

    

 

 

    

 

 

    

 

 

  

Comprehensive income (loss)

     118,552       (217,763 )     131,471       21,102  
   

 

 

    

 

 

    

 

 

    

 

 

  

 
Condensed Statements of Cash Flows
                                 
    For the Years Ended December 31  
    2010     2011     2012     2012  
    RMB     RMB     RMB     US$  
         

Net cash used in operating activities

     (16,765 )     (8,418 )     (11,493 )     (1,845 )

Net cash (used in) provided by investing activities

     (423,931 )     8,108       (153,651 )     (24,663 )

Net cash (used in) provided by financing activities

     (145,574 )     879       163,177       26,192  

Exchange rate effect on cash

     (6,736 )     266       399       64  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net (decrease) increase in cash

     (593,006 )     835       (1,568 )     (252 )

Cash at beginning of the year

     601,040       8,034       8,869       1,424  
   

 

 

    

 

 

    

 

 

    

 

 

  

Cash at end of the year

     8,034       8,869       7,301       1,172