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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2018
Condensed Balance Sheets | Condensed balance sheets
|  | As at December 31 |
|  | 2017 |  |  | 2018 |  |  | 2018 |
|  | RMB |  |  | RMB |  |  | US$ |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalent |  |  | 3,104 |  |  |  | 722 |  |  |  | 105 |
Amounts due from subsidiaries |  |  | 414,692 |  |  |  | 503,087 |  |  |  | 73,171 |
Total current assets |  |  | 417,796 |  |  |  | 503,809 |  |  |  | 73,276 |
Non-current assets: |  |  |  |  |  |  |  |  |  |  |  |
Investments in subsidiaries |  |  | 2,027,530 |  |  |  | 1,623,996 |  |  |  | 236,201 |
Deferred cost, non-current |  |  | 800 |  |  |  | - |  |  |  | - |
Total assets |  |  | 2,446,126 |  |  |  | 2,127,805 |  |  |  | 309,477 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Short-term bank borrowings |  |  | 512,221 |  |  |  | 249,202 |  |  |  | 36,245 |
Accrued expenses and other liabilities |  |  | 16,871 |  |  |  | 29,310 |  |  |  | 4,263 |
Amounts due to subsidiaries |  |  | 982,985 |  |  |  | 1,411,871 |  |  |  | 205,348 |
Total current liabilities |  |  | 1,512,077 |  |  |  | 1,690,383 |  |  |  | 245,856 |
Total liabilities |  |  | 1,512,077 |  |  |  | 1,690,383 |  |  |  | 245,856 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |
Class A ordinary shares (par value of US$0.0001per share; authorized shares-500,000,000; issued shares-142,353,532 as of December 31, 2017 and 2018; outstanding shares-130,091,977 and 84,390,429 as of December 31, 2017 and 2018, respectively) |  |  | 105 |  |  |  | 68 |  |  |  | 10 |
Class B ordinary shares (par value of US$0.0001per share; authorized shares-45,787,948; issued shares-nil and 45,787,948 as of December 31, 2017 and 2018; outstanding shares- nil and 45,787,948 as of December 31, 2017 and 2018, respectively) |  |  | - |  |  |  | 37 |  |  |  | 5 |
Treasury stock (12,261,555 and 12,175,155 as of December 31, 2017 and 2018, respectively) |  |  | (8 | ) |  |  | (8 | ) |  |  | (1 | )
Additional paid-in capital |  |  | 1,860,763 |  |  |  | 1,758,937 |  |  |  | 255,827 |
Accumulated other comprehensive loss |  |  | (47,418 | ) |  |  | (88,621 | ) |  |  | (12,889 | )
Accumulated deficit |  |  | (879,393 | ) |  |  | (1,232,991 | ) |  |  | (179,331 | )
Total shareholders’ equity |  |  | 934,049 |  |  |  | 437,422 |  |  |  | 63,621 |
Total liabilities and shareholders’ equity |  |  | 2,446,126 |  |  |  | 2,127,805 |  |  |  | 309,477 |
Condensed Statements of Comprehensive Income (Loss) | Condensed statements of comprehensive loss
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2018 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Cost of revenues |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
General and administrative expenses |  |  | (22,843 | ) |  |  | (24,431 | ) |  |  | (17,051 | ) |  |  | (2,480 | )
Selling expenses |  |  | (825 | ) |  |  | (1,802 | ) |  |  | (2,021 | ) |  |  | (294 | )
Operating loss |  |  | (23,668 | ) |  |  | (26,233 | ) |  |  | (19,072 | ) |  |  | (2,774 | )
Equity in loss of subsidiaries |  |  | (219,201 | ) |  |  | (250,696 | ) |  |  | (333,682 | ) |  |  | (48,532 | )
Interest income |  |  | - |  |  |  | - |  |  |  | 14 |  |  |  | 2 |
Interest expense |  |  | (19,326 | ) |  |  | (7,554 | ) |  |  | (15,325 | ) |  |  | (2,229 | )
Change in fair value of derivatives |  |  | 713 |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign exchange gain |  |  | 3,138 |  |  |  | 163 |  |  |  | 8,835 |  |  |  | 1,285 |
Net loss |  |  | (258,344 | ) |  |  | (284,320 | ) |  |  | (359,230 | ) |  |  | (52,248 | )
Other comprehensive (loss) income, net of tax of nil foreign currency translation adjustments |  |  | (41,394 | ) |  |  | 40,550 |  |  |  | (41,203 | ) |  |  | (5,993 | )
Total other comprehensive (loss) income |  |  | (41,394 | ) |  |  | 40,550 |  |  |  | (41,203 | ) |  |  | (5,993 | )
Comprehensive loss |  |  | (299,738 | ) |  |  | (243,770 | ) |  |  | (400,433 | ) |  |  | (58,241 | )
Condensed Statements of Cash Flows | Condensed statements of cash flows
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2018 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash used in operating activities |  |  | (5,230 | ) |  |  | (89,751 | ) |  |  | (5,024 | ) |  |  | (731 | )
Net cash generated from (used in) investing activities |  |  | 785,513 |  |  |  | (21,452 | ) |  |  | 294,551 |  |  |  | 42,841 |
Net cash (used in) generated from financing activities |  |  | (748,076 | ) |  |  | 127,106 |  |  |  | (284,824 | ) |  |  | (41,426 | )
Exchange rate effect on cash |  |  | (11,757 | ) |  |  | (35,017 | ) |  |  | (7,085 | ) |  |  | (1,030 | )
Net increase (decrease) in cash |  |  | 20,450 |  |  |  | (19,114 | ) |  |  | (2,382 | ) |  |  | (346 | )
Cash at beginning of the year |  |  | 1,768 |  |  |  | 22,218 |  |  |  | 3,104 |  |  |  | 451 |
Cash at end of the year |  |  | 22,218 |  |  |  | 3,104 |  |  |  | 722 |  |  |  | 105 |

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