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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION
 12 Months Ended
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.