30.

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed balance sheets


	As at December 31
	2014			2015			2015
	RMB			RMB			US$
ASSETS
Current assets:
Cash		175,125			1,768			273
Amounts due from subsidiaries		374,237			402,900			62,197
Total current assets		549,362			404,668			62,470
Non-current assets:
Investment in subsidiaries		2,203,785			2,662,807			411,066
Deferred cost, non-current		2,867			3,142			486
Total assets		2,756,014			3,070,617			474,022
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term bank borrowings		307,128			550,995			85,059
Accrued expenses and other liabilities		45,920			521,618			80,524
Amounts due to subsidiaries		415,826			606,478			93,624
Total current liabilities		768,874			1,679,091			259,207
Long-term bank and other borrowings		189,591			-			-
Total liabilities		958,465			1,679,091			259,207
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, 2014 and 2015; outstanding shares—134,836,300 and 132,994,201 as of December 31, 2014 and 2015, respectively)		105			105			16
Treasury stock (7,517,232 and 9,359,331 as of December 31, 2014 and 2015, respectively)		(5	)		(6	)		(1	)
Additional paid-in capital		2,074,125			1,774,330			273,910
Accumulated other comprehensive loss		(18,651	)		(46,574	)		(7,190	)
Accumulated deficit		(258,025	)		(336,329	)		(51,920	)
Total shareholders' equity		1,797,549			1,391,526			214,815
Total liabilities and shareholders' equity		2,756,014			3,070,617			474,022

Condensed statements of comprehensive income (loss)


	For the Years Ended December 31
	2013			2014			2015			2015
	RMB			RMB			RMB			US$
Revenues		—			—			—			—
Cost of revenues		—			—			—			—
General and administrative expenses		(24,028	)		(7,892	)		(21,623	)		(3,338	)
Selling expenses		(2,231	)		(754	)		(797	)		(123	)
Operating loss		(26,259	)		(8,646	)		(22,420	)		(3,461	)
Equity in profit or loss of subsidiaries		114,146			146,488			(40,120	)		(6,194	)
Interest income		1			570			1,043			161
Interest expense		(3,398	)		(17,899	)		(20,619	)		(3,183	)
Changes in fair value of derivative		—			2,605			34,455			5,319
Loss on debt extinguishment		—			—			(36,648	)		(5,657	)
Foreign exchange gain		1,402			1,591			6,006			927
Net income (loss)		85,893			124,709			(78,303	)		(12,088	)
Net income (loss) attributable to ordinary shareholders		85,893			124,709			(78,303	)		(12,088	)
Other comprehensive income (loss), net of tax of nil
Foreign currency translation adjustments		1,672			(3,368	)		(27,923	)		(4,311	)
Total other comprehensive income (loss)		1,672			(3,368	)		(27,923	)		(4,311	)
Comprehensive income (loss)		87,565			121,341			(106,226	)		(16,399	)

Condensed statements of cash flows


	For the Years Ended December 31
	2013			2014			2015			2015
	RMB			RMB			RMB			US$
Net cash used in operating activities		(17,599	)		(8,613	)		(29,140	)		(4,498	)
Net cash provided (used in) by investing activities		20,827			304,646			(354,246	)		(54,686	)
Net cash provided (used in) by financing activities		187,455			(322,317	)		196,366			30,314

Exchange rate effect on cash		(2,946	)		6,371			13,663			2,108

Net increase (decrease) in cash		187,737			(19,913	)		(173,357	)		(26,762	)
Cash at beginning of the year		7,301			195,038			175,125			27,035

Cash at end of the year		195,038			175,125			1,768			273

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