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TAXATION (Tables)

12 Months Ended

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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