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ACQUISITIONS AND DISPOSALS (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule of Gain Realized on Disposal
 
 
RMB
 
Fair value of retained noncontrolling investment
 
 
151,355
 
Disposition of net assets
 
 
92,501
 
Gain on disposal of Beijing Century Friendship and BPMC
 
 
58,854
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The Company has completed the valuations necessary, with the assistance of an independent third-party valuation firm, to assess the fair values of the tangible and intangible assets acquired, liabilities assumed and the noncontrolling interest, resulting a goodwill was recognized as of the acquisition date. The valuation utilized generally accepted valuation methodologies including the income, market and cost approaches. The following table summarizes the estimated fair values of the assets acquired, liabilities assumed and the noncontrolling interest as of October 8, 2018, the date of acquisition:
 
 
 
RMB
 
Current assets 
 
 
47,827 
Property, plant and equipment, net
 
 
17,297 
Intangible assets*
 
 
454,013 
Long term investments 
 
 
300,504 
Other non-current assets 
 
 
108,322 
Deferred tax assets
 
 
185 
Goodwill
 
 
165,171 
Current liabilities 
 
 
(61,454)
Non-current liability 
 
 
(165,436)
Deferred tax liabilities
 
 
(113,340)
Non-controlling interests 
 
 
(99,480)
Total
 
 
653,609 
 
 
 
RMB
 
Total purchase price is comprised of:
 
 
 
 
- Cash consideration
 
 
570,600 
- fair value of previously hold equity interests
 
 
520,625 
- 
effective extinguishment of loans from the acquisition
 
 
(437,616)
Total
 
 
653,609 
Schedule of pro forma results
 
 
Unaudited Supplemental Pro Forma
 
 
 
For the year ended December 31,
 
 
 
2017
 
 
2018
 
 
2018
 
 
 
RMB
 
 
RMB
 
 
US$
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
 
4,569
 
 
 
12,056
 
 
 
1,753
 
Net loss
 
 
(70,018)
 
 
(63,159 )
 
 
(9,186)
 
JWYK [Member]  
Schedule of Breakdown of Assets and Liabilities Attributed to Discontinued Operations
The carrying value of assets and liabilities of Beijing Century Friendship and BPMC as of April 6, 2017 (the date of disposal), are as follows:
 
 
 
RMB
 
Current assets
 
 
18,035
 
Deposit for operating license
 
 
109,581
 
Other non-current assets
 
 
45
 
Current liabilities
 
 
(35,152
)
Noncontrolling interests
 
 
(8
)
Net assets disposed
 
 
92,501
 
CHS [Member]  
Schedule of actual results from acquisition date
 
 
 
For the Years Ended December 31,
 
 
 
2018
 
 
 
RMB
 
 
US$
 
 
 
 
 
 
 
 
Net revenues
 
 
4,827
 
 
 
702
 
Net loss
 
 
(5,639)
 
 
(820)