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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2019
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION |
Condensed Balance Sheets | 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$0.0001per share; authorized shares‑45,787,948; issued shares-45,787,948 and 45,787,948 as of December 31, 2018 and 2019; outstanding shares- 45,787,948 and 45,787,948 as of December 31, 2018 and 2019, respectively) |  | 37 |  | 37 |  | 5
Treasury stock (12,175,155 and 12,111,537 shares as of December 31, 2018 and 2019, respectively) |  | (8) |  | (8) |  | (1)
Additional paid-in capital |  | 1,758,937 |  | 1,759,941 |  | 252,800
Accumulated other comprehensive loss |  | (88,621) |  | (97,285) |  | (13,974)
Accumulated deficit |  | (1,232,991) |  | (1,785,517) |  | (256,474)
Total shareholders’ equity (deficit) |  | 437,422 |  | (122,764) |  | (17,634)
Total liabilities and shareholders’ equity (deficit) |  | 2,127,805 |  | 1,559,739 |  | 224,042
Condensed Statements of Comprehensive Loss | Condensed statements of comprehensive loss
|  | For the Years Ended December 31,
|  | 2017 |  | 2018 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | RMB |  | US$
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 | 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

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