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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2020
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION  
Condensed balance sheets

Condensed balance sheets

As at December 31

2019

2020

2020

    

RMB

    

RMB

    

US$

ASSETS

 

  

 

  

 

  

Current assets:

 

  

 

  

 

  

Cash and cash equivalent

 

540

 

2,079

319

Amounts due from subsidiaries

 

404,213

 

375,162

57,496

Total current assets

 

404,753

 

377,241

57,815

Non-current assets:

 

 

Investments in subsidiaries

 

1,154,986

 

567,330

86,946

Prepayment for long-term investment

 

 

5,230

801

Total assets

 

1,559,739

 

949,801

145,562

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

Current liabilities:

 

 

Accrued expenses and other liabilities

 

55,409

 

35,476

5,437

Amounts due to subsidiaries

 

1,627,094

 

1,577,280

241,729

Total current liabilities

 

1,682,503

 

1,612,756

247,166

Total liabilities

 

1,682,503

 

1,612,756

247,166

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, 2019 and 2020; outstanding shares-84,454,047 and 84,463,737 as of December 31, 2019 and 2020, 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, 2019 and 2020, respectively)

 

37

 

37

6

Treasury stock (12,111,537 and 12,101,847 shares as of December 31, 2019 and 2020, respectively)

 

(8)

 

(8)

(1)

Additional paid-in capital

 

1,759,941

 

1,840,026

281,996

Accumulated other comprehensive loss

 

(97,285)

 

(46,429)

(7,116)

Accumulated deficit

 

(1,785,517)

 

(2,456,649)

(376,498)

Total shareholders’ equity (deficit)

 

(122,764)

 

(662,955)

(101,603)

Total liabilities and shareholders’ equity (deficit)

 

1,559,739

 

949,801

145,563

Condensed statements of comprehensive loss

Condensed statements of comprehensive loss

For the Years Ended December 31, 

2018

2019

2020

2020

    

RMB

    

RMB

    

RMB

    

US$

Revenues

 

 

 

 

Cost of revenues

 

 

 

 

General and administrative expenses

 

(17,051)

 

(39,118)

 

(23,598)

(3,617)

Selling expenses

 

(2,021)

 

(2,938)

 

(2,969)

 

(455)

Operating loss

 

(19,072)

 

(42,056)

 

(26,567)

(4,072)

Equity in loss of subsidiaries

 

(333,682)

 

(514,070)

 

(621,932)

(95,317)

Interest income

 

14

 

1,977

 

588

 

90

Interest expense

 

(15,325)

 

(6,481)

 

(3,036)

 

(465)

Foreign exchange gain

 

8,835

 

8,104

 

(18,962)

 

(2,906)

Net loss

 

(359,230)

 

(552,526)

 

(669,909)

(102,670)

Other comprehensive income (loss), net of tax of nil foreign currency translation adjustments

 

(41,203)

 

(8,664)

 

50,856

7,794

Total other comprehensive (loss) income

 

(41,203)

 

(8,664)

 

50,856

7,794

Comprehensive loss

 

(400,433)

 

(561,190)

 

(619,053)

(94,876)

Condensed statements of cash flows

Condensed statements of cash flows

For the Years Ended December 31, 

2018

2019

2020

2020

    

RMB

    

RMB

    

RMB

    

US$

Net cash (used in ) generated from operating activities

 

(5,024)

 

(31,460)

 

9,041

1,386

Net cash generated (used in) from investing activities

 

294,551

 

311,716

 

(7,468)

(1,145)

Net cash used in financing activities

 

(284,824)

 

(280,483)

 

 

Exchange rate effect on cash

 

(7,085)

 

45

 

(34)

 

(5)

Net (decrease) increase in cash

 

(2,382)

 

(182)

 

1,539

 

236

Cash at beginning of the year

 

3,104

 

722

 

540

 

83

Cash at end of the year

 

722

 

540

 

2,079

 

319