XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss ¥ (259,297) $ (37,714) ¥ (285,684) ¥ (265,084)
Adjustments to reconcile net loss to net cash generated from (used in) operating activities:        
Share-based compensation (note 23) 11,139 1,620 11,641 8,400
Depreciation of property, plant and equipment (note 10) 40,855 5,942 83,224 117,051
Amortization of intangible assets (note 12) 4,161 605 6,229 10,760
Amortization of prepaid land lease payments (note 11) 9,610 1,398 5,256 1,195
(Income)loss from equity method investments 20,747 3,018 (1,454) (616)
Loss/ (gains) on disposal of long-lived assets (4,711) (685) 31,437 7,619
Deferred tax expense (benefits) 7,502 1,091 12,703 22,115
Allowance for doubtful accounts, net 10,605 1,542 14,840 23,446
Impairment of long-lived assets 5,433 790 28,600 61,124
Impairment of Inventories 1,702 248 0 0
Changes in fair value of derivatives 0 0 0 (713)
Interest and consultation expenses 46,232 6,724 125,290 0
Gains on disposal of subsidiaries (note 4) (3,341) (486) (58,913) 0
Gains from disposal of an equity method investment (note 15) (48,019) (6,984) 0 0
Gains from revaluation of previously held equity interests (note 4) (28,846) (4,195) 0 0
Changes in operating assets and liabilities net of effects of acquisition and disposals:        
Accounts receivable 48,384 7,037 43,406 9,922
Prepayments and other current assets (9,876) (1,436) (4,205) (36,545)
Inventories 1,803 262 (554) (1,923)
Other non-current assets 41,081 5,975 7,057 14,249
Deposits for land use rights 0 0 (11,379) (13,225)
Accounts payable 530 77 5,057 6,967
Accrued expenses and other liabilities 51,879 7,545 11,234 (12,758)
Deferred revenue 13,269 1,930 3,022 1,791
Income tax payable (45,719) (6,650) (6,504) (34,991)
Accrued unrecognized tax benefit 46,286 6,732 6,429 3,138
Net cash (used in) generated from operating activities (38,591) (5,614) 26,732 (78,078)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of short-term investments (252,250) (36,688) 0 0
Redemption of short-term investments 202,250 29,416 0 0
Prepayment for operating license 0 0 (6,705) (3,025)
Disposal of short-term investment 0 0 0 60,000
Investments in equity method investees (15,000) (2,182) (97,799) 0
Prepayments in long-term investments 0 0 0 (181,500)
Acquisitions of business, net of cash acquired (note 4) (528,740) (76,902) 0 26,198
Disposals of subsidiaries, net of cash disposed (note 4) 0 0 (17,528) 0
Acquisitions of property, plant and equipment (165,596) (24,085) (91,260) (78,920)
Acquisitions of intangible assets (1,779) (259) (749) (960)
Deposits for the purchases of property, plant and equipment (598,800) (87,092) (197,843) (39,068)
Refund from deposits for the purchases of property, plant and equipment 9,844 1,432 42,640 0
Advance from disposal of associate company 0 0 0 12,999
Proceeds from disposal of an equity method investment (note 15) 212,855 30,958 0 0
Proceeds from disposal of property, plant and equipment 112,955 16,429 38,103 11,951
Proceeds from disposal of intangible assets 2,563 373 0 0
Proceeds from principal portion of direct financing leases 9,717 1,413 61,904 108,121
Net investment in direct financing leases 0 0 (50,000) 0
Cash distribution from equity method investments (note 15) 11,626 1,691 6,227 9,357
Net cash used in investing activities (1,000,355) (145,496) (313,010) (74,847)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from short-term bank borrowings 726,746 105,701 292,847 497,577
Proceeds from long-term bank and other borrowings 472,607 68,738 280,459 16,500
Proceeds from private offerings of subsidiary shares (note 1) 0 0 0 139,972
Proceeds from long-term investment advance (note 1) 0 0 0 528,896
Borrowings from related parties (note 24) 174,314 25,353 350,969 0
Repayment of secured borrowings (243,268) (35,382) (81,000) (86,000)
Refund of deposit for marketable securities 0 0 2,156 3,661
Deposit for marketable securities (note 19) 0 0 (22,557) 0
Repayment of short-term bank and other borrowings (864,251) (125,700) (317,867) (691,261)
Repayment of long-term bank and other borrowings (504,792) (73,419) (87,387) (201,048)
Redemption of mandatorily redeemable noncontrolling interests (note 1) 0 0 (97,106) 0
Payment for interest and consultation expenses 0 0 (143,415) 0
Dividends paid to ordinary shareholders 0 0 0 (285,829)
Repurchase of ordinary shares 0 0 0 (30,402)
Purchase of subsidiary shares from noncontrolling interests (58,314) (8,481) 0 (12,130)
Proceeds from sales of subsidiary shares to noncontrolling interests 0 0 0 2,142
Capital injection from a noncontrolling interests in a subsidiary 0 0 12,800 0
Proceeds from issuance of contingently redeemable noncontrolling interests of a subsidiary 1,500,000 218,166   174,000
Net cash (used in) generated from financing activities 1,203,042 174,976 189,899 (117,922)
Effect of foreign exchange rate changes on cash and cash equivalent and restricted cash 459 67 157 (11,240)
Net (decrease) increase in cash 164,555 23,933 (96,222) (282,087)
Cash and cash equivalents and restricted cash at beginning of the year 662,177 96,310 758,399 1,040,486
Cash and cash equivalents and restricted cash at end of the year 826,732 120,243 662,177 758,399
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets        
Cash and cash equivalents 404,742 58,867 98,191 189,905
Restricted cash, current portion 421,990 61,376 563,986 518,494
Restricted cash, non-current portion 0 0 0 50,000
Total cash and cash equivalents and restricted cash 662,177 96,310 758,399 1,040,486
Supplemental schedule of major cash flows information:        
Income tax paid (36,559) (5,317) (21,581) (60,639)
Interest paid (59,492) (8,653) (89,959) (81,486)
Supplemental schedule of major non-cash activities:        
Acquisition of Beijing Century Friendship and BPMC through utilization of prepayment for investment (note 4) 0 0 0 100,600
Acquisition of investment in Guofu Huimei through utilization of prepayment of long-term investment (note 1) 0 0 174,000 0
Acquisition of investment in CMCC included in accrued expense and other liabilities (note 18) 0 0 116,939 0
Acquisition of property, plant and equipment, construction in progress and other intangible assets through utilization of deposits 205,816 29,935 4,914 19,424
Acquisition of property, plant and equipment, construction in progress and other intangible assets through utilization included in accrued expense and other liabilities 22,747 3,308 42,067  
Mandatorily redeemable noncontrolling interest through advance from long-term investment ¥ 0 $ 0 ¥ 521,396 ¥ 0