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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2019
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 30. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed balance sheets
|  | As at December 31
|  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | US$
ASSETS |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalent |  | 722 |  | 540 |  | 78
Amounts due from subsidiaries |  | 503,087 |  | 404,213 |  | 58,061
Total current assets |  | 503,809 |  | 404,753 |  | 58,139
Non-current assets: |  |  |  |  |  |
Investments in subsidiaries |  | 1,623,996 |  | 1,154,986 |  | 165,903
Total assets |  | 2,127,805 |  | 1,559,739 |  | 224,042
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |
Short-term bank borrowings |  | 249,202 |  | — |  | —
Accrued expenses and other liabilities |  | 29,310 |  | 55,409 |  | 7,959
Amounts due to subsidiaries |  | 1,411,871 |  | 1,627,094 |  | 233,717
Total current liabilities |  | 1,690,383 |  | 1,682,503 |  | 241,676
Total liabilities |  | 1,690,383 |  | 1,682,503 |  | 241,676
Shareholders’ equity (deficit): |  |  |  |  |  |
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, 2018 and 2019; outstanding shares-84,390,429 and 84,454,047 as of December 31, 2018 and 2019, respectively) |  | 68 |  | 68 |  | 10
Class B ordinary shares (par value of US$0.0001per share; authorized shares‑45,787,948; issued shares-45,787,948 and 45,787,948 as of December 31, 2018 and 2019; outstanding shares- 45,787,948 and 45,787,948 as of December 31, 2018 and 2019, respectively) |  | 37 |  | 37 |  | 5
Treasury stock (12,175,155 and 12,111,537 shares as of December 31, 2018 and 2019, respectively) |  | (8) |  | (8) |  | (1)
Additional paid-in capital |  | 1,758,937 |  | 1,759,941 |  | 252,800
Accumulated other comprehensive loss |  | (88,621) |  | (97,285) |  | (13,974)
Accumulated deficit |  | (1,232,991) |  | (1,785,517) |  | (256,474)
Total shareholders’ equity (deficit) |  | 437,422 |  | (122,764) |  | (17,634)
Total liabilities and shareholders’ equity (deficit) |  | 2,127,805 |  | 1,559,739 |  | 224,042
Condensed statements of comprehensive loss
|  | For the Years Ended December 31,
|  | 2017 |  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | RMB |  | US$
Revenues |  | — |  | — |  | — |  | —
Cost of revenues |  | — |  | — |  | — |  | —
General and administrative expenses |  | (24,431) |  | (17,051) |  | (39,118) |  | (5,619)
Selling expenses |  | (1,802) |  | (2,021) |  | (2,938) |  | (422)
Operating loss |  | (26,233) |  | (19,072) |  | (42,056) |  | (6,041)
Equity in loss of subsidiaries |  | (250,696) |  | (333,682) |  | (514,070) |  | (73,842)
Interest income |  | — |  | 14 |  | 1,977 |  | 284
Interest expense |  | (7,554) |  | (15,325) |  | (6,481) |  | (931)
Foreign exchange gain |  | 163 |  | 8,835 |  | 8,104 |  | 1,164
Net loss |  | (284,320) |  | (359,230) |  | (552,526) |  | (79,365)
Other comprehensive income (loss), net of tax of nil foreign currency translation adjustments |  | 40,550 |  | (41,203) |  | (8,664) |  | (1,245)
Total other comprehensive (loss) income |  | 40,550 |  | (41,203) |  | (8,664) |  | (1,245)
Comprehensive loss |  | (243,770) |  | (400,433) |  | (561,190) |  | (80,610)
Condensed statements of cash flows
|  | For the Years Ended December 31,
|  | 2017 |  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | RMB |  | US$
Net cash used in operating activities |  | (89,751) |  | (5,024) |  | (31,460) |  | (4,520)
Net cash (used in) generated from investing activities |  | (21,452) |  | 294,551 |  | 311,716 |  | 44,775
Net cash generated from(used in) financing activities |  | 127,106 |  | (284,824) |  | (280,483) |  | (40,289)
Exchange rate effect on cash |  | (35,017) |  | (7,085) |  | 45 |  | 7
Net decrease in cash |  | (19,114) |  | (2,382) |  | (182) |  | (27)
Cash at beginning of the year |  | 22,218 |  | 3,104 |  | 722 |  | 105
Cash at end of the year |  | 3,104 |  | 722 |  | 540 |  | 78
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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -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 + Details
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