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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2021
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | 31. PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed balance sheets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As at December 31
​ | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | US$
ASSETS |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalent |  | 2,079 |  | 15,058 | ​ | 2,363
Prepayments and other current assets | ​ | — | ​ | 121 | ​ | 19
Amounts due from subsidiaries |  | 375,162 |  | 298,900 | ​ | 46,903
Total current assets |  | 377,241 |  | 314,079 | ​ | 49,285
Non-current assets: |  | ​ |  | ​ | ​ | ​
Investments in subsidiaries |  | 567,330 |  | — | ​ | —
Prepayment for long-term investment |  | 5,230 |  | — | ​ | —
Total assets |  | 949,801 |  | 314,079 | ​ | 49,285
​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES AND SHAREHOLDERS’ EQUITY |  | ​ |  | ​ | ​ | ​
Current liabilities: |  | ​ |  | ​ | ​ | ​
Short term loan |  | — |  | 14,625 | ​ | 2,295
Accrued expenses and other liabilities |  | 35,476 |  | 13,924 | ​ | 2,185
Amounts due to subsidiaries |  | 1,577,280 |  | 1,559,394 | ​ | 244,703
Total current liabilities |  | 1,612,756 |  | 1,587,943 | ​ | 249,183
Non-current liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Long-term bank and other borrowings, non-current portion | ​ | — | ​ | 90,389 | ​ | 14,184
Derivative liability | ​ | — | ​ | 5,863 | ​ | 920
Total liabilities |  | 1,612,756 |  | 1,684,195 | ​ | 264,287
​ | ​ | ​ | ​ | ​ | ​ | ​
Shareholders’ equity (deficit): |  | ​ |  | ​ | ​ | ​
Class A ordinary shares (par value of US$0.0001per share; authorized shares-500,000,000; issued shares-96,565,584 as of December 31, 2020 and 2021; outstanding shares-84,463,737 and 84,463,737 as of December 31, 2020 and 2021, respectively) |  | 68 |  | 68 | ​ | 10
Class B ordinary shares (par value of US$0.0001per share; authorized shares‑45,787,948; issued shares-45,787,948 and 45,787,948 as of December 31, 2020 and 2021; outstanding shares- 45,787,948 and 45,787,948 as of December 31, 2020 and 2021, respectively) |  | 37 |  | 37 | ​ | 6
Treasury stock (12,101,847 and 12,101,847 shares as of December 31, 2020 and 2021, respectively) |  | (8) |  | (7) | ​ | (1)
Additional paid-in capital |  | 1,840,026 |  | 1,936,552 | ​ | 303,887
Accumulated other comprehensive income (loss) |  | (46,429) |  | (29,496) | ​ | (4,629)
Accumulated deficit |  | (2,456,649) |  | (3,277,270) | ​ | (514,275)
Total shareholders’ equity (deficit) |  | (662,955) |  | (1,370,116) | ​ | (215,002)
Total liabilities and shareholders’ equity (deficit) |  | 949,801 |  | 314,079 | ​ | 49,285
​ Condensed statements of comprehensive loss ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31,
​ | ​ | 2019 | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | RMB |  | US$
Revenues |  | — |  | — |  | — |  | —
Cost of revenues |  | — |  | — |  | — |  | —
General and administrative expenses |  | (39,118) |  | (23,598) |  | (14,428) | ​ | (2,264)
Selling expenses |  | (2,938) |  | (2,969) |  | (2,090) |  | (328)
Operating loss |  | (42,056) |  | (26,567) |  | (16,518) | ​ | (2,592)
Equity in loss of subsidiaries |  | (514,070) |  | (621,932) |  | (793,117) | ​ | (124,458)
Interest income |  | 1,977 |  | 588 |  | — |  | —
Interest expense |  | (6,481) |  | (3,036) |  | (1,459) |  | (229)
Foreign exchange gain |  | 8,104 |  | (18,962) |  | (9,527) |  | (1,495)
Net loss |  | (552,526) |  | (669,909) |  | (820,621) | ​ | (128,774)
Other comprehensive income (loss), net of tax of nil foreign currency translation adjustments |  | (8,664) |  | 50,856 |  | 14,821 | ​ | 2,326
Total other comprehensive (loss) income |  | (8,664) |  | 50,856 |  | 14,821 | ​ | 2,326
Comprehensive loss |  | (561,190) |  | (619,053) |  | (805,800) | ​ | (126,448)
​ Condensed statements of cash flows ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31,
​ | ​ | 2019 | ​ | 2020 | ​ | 2021 | ​ | 2021
​ |  | RMB |  | RMB |  | RMB |  | US$
Net cash (used in) generated from operating activities |  | (31,460) |  | 9,041 |  | (9,301) | ​ | (1,460)
Net cash (used in) generated from investing activities |  | 311,716 |  | (7,468) |  | (88,546) | ​ | (13,895)
Net cash (used in) generated from financing activities |  | (280,483) |  | — |  | 110,876 |  | 17,399
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exchange rate effect on cash |  | 45 |  | (34) |  | (50) |  | (7)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (decrease) increase in cash |  | (182) |  | 1,539 |  | 12,979 |  | 2,037
Cash at beginning of the year |  | 722 |  | 540 |  | 2,079 |  | 326
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash at end of the year |  | 540 |  | 2,079 |  | 15,058 |  | 2,363
​ 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 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 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=123454820&loc=d3e5283-111683 Reference 3: 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(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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