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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION |
| 29. | PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION
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$0.0001per share; authorized shares-45,787,948; issued shares-nil and 45,787,948 as of December 31, 2017 and 2018; outstanding shares- nil and 45,787,948 as of December 31, 2017 and 2018, respectively) |  |  | - |  |  |  | 37 |  |  |  | 5 |
Treasury stock (12,261,555 and 12,175,155 as of December 31, 2017 and 2018, respectively) |  |  | (8 | ) |  |  | (8 | ) |  |  | (1 | )
Additional paid-in capital |  |  | 1,860,763 |  |  |  | 1,758,937 |  |  |  | 255,827 |
Accumulated other comprehensive loss |  |  | (47,418 | ) |  |  | (88,621 | ) |  |  | (12,889 | )
Accumulated deficit |  |  | (879,393 | ) |  |  | (1,232,991 | ) |  |  | (179,331 | )
Total shareholders’ equity |  |  | 934,049 |  |  |  | 437,422 |  |  |  | 63,621 |
Total liabilities and shareholders’ equity |  |  | 2,446,126 |  |  |  | 2,127,805 |  |  |  | 309,477 |
Condensed statements of comprehensive loss
|  | For the Years Ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2018 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
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
|  | 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 |
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 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.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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