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TAXATION (Tables) | 12 Months Ended
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Dec. 31, 2019
TAXATION |
Schedule of Income (Loss) from Continuing Operations Before Income Taxes |
|  | For the Years Ended December 31,
|  | 2017 |  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | RMB |  | US$
Non – PRC |  | (193,212) |  | (98,709) |  | (127,243) |  | (18,277)
PRC |  | (60,683) |  | (126,537) |  | (263,835) |  | (37,898)
|  | (253,895) |  | (225,246) |  | (391,078) |  | (56,175)
Schedule of Income Tax Expense from Continuing Operations |
|  | For the Year Ended December 31,
|  | 2017 |  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | RMB |  | US$
Current tax expense (benefit) |  | 5,105 |  | 43,209 |  | (16,570) |  | (2,380)
Deferred tax expense (benefit) |  | 26,684 |  | (9,158) |  | (22,416) |  | (3,220)
|  | 31,789 |  | 34,051 |  | (38,986) |  | (5,600)
Reconciliation of Differences Between Statutory Tax Rate and Effective Tax Rate |
|  | For the Years Ended December 31,
|  | 2017 |  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | RMB |  | US$
Loss before income taxes |  | (253,895) |  | (225,246) |  | (391,078) |  | (56,175)
Income tax computed at the tax rate of 25% |  | (63,474) |  | (56,309) |  | (97,770) |  | (14,044)
Effect of different tax rates in different jurisdictions |  | 23,554 |  | 11,758 |  | 19,393 |  | 2,786
Non-deductible expenses |  | 13,872 |  | 4,661 |  | 8,472 |  | 1,217
Non-taxable income |  | (1,942) |  | (7,322) |  | (234) |  | (34)
Statutory income/(expense) |  | — |  | — |  | 3,216 |  | 462
Interest and penalty |  | — |  | — |  | (6,811) |  | (978)
Unrecognized tax positions |  | (2,942) |  | 41,122 |  | — |  | —
Deferred tax expense |  | — |  | — |  | 32,358 |  | 4,648
Changes of valuation allowance |  | 48,089 |  | 45,112 |  | 41,868 |  | 6,014
Withholding tax |  | 15,624 |  | (4,971) |  | (39,478) |  | (5,671)
Effect of tax rate change |  | (992) |  | — |  | — |  | —
|  | 31,789 |  | 34,051 |  | (38,986) |  | (5,600)
Schedule of Deferred Taxes | The components of deferred taxes are as follows:
|  | As at December 31,
|  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | US$
Deferred tax asset |  |  |  |  |  |
Net operating loss* |  | 158,330 |  | 163,538 |  | 23,491
Depreciation and amortization |  | 2,813 |  | 6,262 |  | 899
Property, plant and equipment impairment |  | 8,750 |  | 9,433 |  | 1,355
Deposits for non-current assets |  | 6,400 |  | 16,350 |  | 2,349
Allowance for net investment in financing lease |  | 1,085 |  | 4,518 |  | 649
Allowance for doubtful accounts |  | 14,132 |  | 11,391 |  | 1,636
Lease liabilities |  | — |  | 60,073 |  | 8,629
Other long-term assets |  | 16,703 |  | 37,778 |  | 5,426
Equity investment |  | 9,032 |  | 9,196 |  | 1,321
Others |  | 527 |  | 1,891 |  | 272
Total deferred tax assets |  | 217,772 |  | 320,430 |  | 46,027
less: Valuation allowance** |  | (217,076) |  | (260,850) |  | (37,469)
Net deferred tax assets |  | 696 |  | 59,580 |  | 8,558
Deferred tax liabilities |  |  |  |  |  |
Withholding tax for PRC entities |  | (39,495) |  | — |  | —
Foreign exchange gain |  | — |  | (9,346) |  | (1,342)
Equity investment |  | — |  | (1,299) |  | (187)
Property, plant and equipment |  | (415) |  | (2,225) |  | (320)
Disposal of Beijing Century Friendship |  | (3,126) |  | (3,126) |  | (449)
Intangible assets |  | (113,590) |  | (132,566) |  | (19,042)
Deferred costs |  | (67) |  | — |  | —
Right-of-use assets |  | — |  | (53,362) |  | (7,665)
Capitalized interest |  | (9,649) |  | (19,179) |  | (2,755)
Others |  | — |  | (3,915) |  | (562)
Total deferred tax liabilities |  | (166,342) |  | (225,018) |  | (32,322)
Deferred tax assets, net |  | — |  | — |  | —
Deferred tax liabilities, net |  | (165,646) |  | (165,438) |  | (23,764)
* As of December 31, 2019, the Group had net operating losses from several of its PRC and oversea entities of RMB789,776 (US$113,444), which can be carried forward to offset future taxable profit. As per filed tax returns, the net operating loss from PRC entities will expire between 2020 to 2024. For the net operating loss from overseas entities, there is no limitation of expiration according to the statute of Hong Kong, Singapore and US. ** The Group records a valuation allowance on its deferred tax assets that is sufficient to reduce the deferred tax assets to an amount that is more likely than not to be realized. Future reversal of the valuation allowance will be recognized either when the benefit is realized or when it has been determined that it is more likely than not that the benefit in future earnings will be realized.
Schedule of Movement of Valuation Allowance |
|  | For the Year Ended December 31,
|  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | US$
Balance at the beginning of year |  | (157,876) |  | (217,076) |  | (31,181)
Change of valuation allowance in the current year |  | (59,200) |  | (43,773) |  | (6,288)
Balance at the end of year |  | (217,076) |  | (260,849) |  | (37,469)
Reconciliation of Accrued Unrecognized Tax Positions | The reconciliation of the beginning and ending amount of unrecognized tax benefits excluding the penalty and interest is as follows:
|  | For the Years Ended December 31,
|  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | US$
Balance at the beginning of year |  | 41,358 |  | 81,000 |  | 11,635
Additions based on tax positions related to the current year |  | 30,043 |  | 21,238 |  | 3,050
Additions related to prior year tax position |  | 9,676 |  | 548 |  | 79
Decreases related to prior year tax position |  | — |  | (2,810) |  | (404)
Decreases relating to expiration of applicable statute of limitation |  | (920) |  | (1,386) |  | (199)
Foreign currency translation |  | 843 |  | 394 |  | 57
Balance at the end of year |  | 81,000 |  | 98,984 |  | 14,218

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