29.

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed balance sheets


	As at December 31
	2013			2014			2014
	RMB			RMB			US$
ASSETS
Current assets:
Cash		195,038			175,125			28,225
Amounts due from subsidiaries		386,909			374,237			60,316

Total current assets		581,947			549,362			88,541

Non-current assets:
Investment in subsidiaries		2,063,610			2,203,785			355,186
Deferred cost, non current		—			2,867			462

Total assets		2,645,557			2,756,014			444,189

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term bank borrowings		390,464			307,128			49,500
Accrued expenses and other liabilities		6,421			45,920			7,401
Amounts due to subsidiaries		126,679			415,826			67,019

Total current liabilities		523,564			768,874			123,920

Long-term bank borrowings		—			189,591			30,554

Total liabilities		523,564			958,465			154,474

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, 2013 and 2014; outstanding shares—134,836,300 and 134,836,300 as of December 31, 2013 and 2014, respectively)		105			105			17
Treasury stock (7,517,232 and 7,517,232 as of December 31, 2013 and 2014, respectively)		(5	)		(5	)		(1	)
Additional paid-in capital		2,520,338			2,074,125			334,288
Accumulated other comprehensive loss		(15,283	)		(18,651	)		(3,006	)
Accumulated deficit		(383,162	)		(258,025	)		(41,583	)

Total shareholders’ equity		2,121,993			1,797,549			289,715

Total liabilities and shareholders’ equity		2,645,557			2,756,014			444,189

Condensed statements of comprehensive income


	For the Years Ended December 31
	2012			2013			2014			2014
	RMB			RMB			RMB			US$
Revenues		—			—			—			—
Cost of revenues		—			—			—			—
General and administrative expenses		(19,879	)		(24,028	)		(7,892	)		(1,272	)
Selling expenses		(2,296	)		(2,231	)		(754	)		(122	)

Operating loss		(22,175	)		(26,259	)		(8,646	)		(1,394	)
Equity in profit or loss of subsidiaries		152,691			114,146			146,488			23,610
Interest income		307			1			570			93
Interest expense		—			(3,398	)		(17,899	)		(2,885	)
Change in fair value of derivatives		—			—			2,605			420
Exchange gain		8			1,402			1,591			256

Net income		130,831			85,893			124,709			20,100

Net income attributable to ordinary shareholders		130,831			85,893			124,709			20,100

Other comprehensive income, net of tax of nil
Foreign currency translation adjustments		640			1,672			(3,368	)		(543	)

Total other comprehensive income		640			1,672			(3,368	)		(543	)

Comprehensive income		131,471			87,565			121,341			19,557

Condensed statements of cash flows


	For the Years Ended December 31
	2012			2013			2014			2014
	RMB			RMB			RMB			US$
Net cash used in operating activities		(11,493	)		(17,599	)		(8,613	)		(1,389	)
Net cash provided (used in) by investing activities		(153,651	)		20,827			304,646			49,100
Net cash provided (used in) by financing activities		163,177			187,455			(322,317	)		(51,948	)

Exchange rate effect on cash		399			(2,946	)		6,371			1,027

Net increase (decrease) in cash		(1,568	)		187,737			(19,913	)		(3,210	)
Cash at beginning of the year		8,869			7,301			195,038			31,435

Cash at end of the year		7,301			195,038			175,125			28,225

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. 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 statements of comprehensive income. The parent company only financial statements should be read in conjunction with the Company’s consolidated financial statements.