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TAXATION (Tables)

12 Months Ended

Dec. 31, 2021

TAXATION

Schedule of Income (Loss) from Continuing Operations Before Income Taxes

​

​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2019	​	2020	​	2021	​	2021
​		RMB		RMB		RMB		US$
Non – PRC		(127,243)		(142,750)		5,451	​	855
PRC		(263,835)		(298,903)		(534,688)	​	(83,905)
​		(391,078)		(441,653)		(529,237)	​	(83,050)

Schedule of Income Tax Expense from Continuing Operations

​

​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31,
​	​	2019	​	2020	​	2021	​	2021
​	​	RMB	​	RMB	​	RMB	​	US$
Current tax expense (benefit)		(16,570)		(24,047)		4,115		646
Deferred tax benefit		(22,416)		(13,577)		(10,680)		(1,676)
​		(38,986)		(37,624)		(6,565)		(1,030)

Reconciliation of Differences Between Statutory Tax Rate and Effective Tax Rate

​

​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2019	​	2020	​	2021	​	2021
​		RMB	​	RMB		RMB		US$
Loss before income taxes		(391,078)	​	(441,653)		(529,237)		(83,050)
Income tax computed at the tax rate of 25%		(97,770)	​	(110,413)		(132,309)		(20,762)
Effect of different tax rates in different jurisdictions		19,393	​	10,715		2,798		439
Non-deductible expenses		8,472	​	74,225		(10,502)		(1,647)
Non-taxable income		(234)	​	(78,447)		9,183		1,441
Statutory income (expense)	​	3,216	​	(2,544)	​	3,994	​	627
Interest and penalty	​	(6,811)	​	(465)	​	(12,918)	​	(2,027)
Unrecognized tax positions		—	​	—		—		—
Deferred tax expense	​	32,358	​	(2,314)	​	(13,953)	​	(2,190)
Changes of valuation allowance		41,868	​	71,545		142,806		22,409
Withholding tax		(39,478)	​	74		4,336		680
Effect of tax rate change		—	​	—		—		—
​		(38,986)	​	(37,624)		(6,565)		(1,030)

Schedule of Deferred Taxes

The components of deferred taxes are as follows:

​

​	​	​	​	​	​	​
​	​	As at December 31,
​	​	2020	​	2021	​	2021
​		RMB		RMB		US$
Deferred tax asset				​
Net operating loss*		105,783		216,902		34,037
Foreign exchange loss	​	3,232	​	7,679	​	1,205
Depreciation and amortization		9,954		10,479		1,644
Property, plant and equipment impairment		7,867		6,997		1,098
Deposits for non-current assets		18,475		18,475		2,899
Allowance for net investment in financing lease		4,856		5,137		806
Allowance for doubtful accounts		12,264		14,013		2,199
Lease liabilities		59,557		56,673		8,893
Other long-term assets		78,550		92,261		14,478
Equity investment		8,414		7,574		1,189
Others		2,686		7,971		1,252
Total deferred tax assets		311,638		444,161		69,700
less: Valuation allowance**		(257,579)		(396,919)		(62,285)
Net deferred tax assets		54,059		47,242		7,415
​	​	​	​	​	​	​
Deferred tax liabilities		​		​		​
Equity investment		—		(287)		(45)
Property, plant and equipment		(1,665)		(1,428)		(224)
Disposal of Beijing Century Friendship		(3,126)		(3,126)		(491)
Intangible assets		(130,074)		(156,189)		(24,509)
Right-of-use assets		(53,354)		(48,259)		(7,573)
Capitalized interest		(19,179)		(19,179)		(3,010)
Others		—		(3,198)		(503)
​	​	​	​	​	​	​
Total deferred tax liabilities		(207,398)		(231,666)		(36,355)
​	​	​	​	​	​	​
Deferred tax assets, net		—		—		—
​	​	​	​	​	​	​
Deferred tax liabilities, net		(153,339)		(184,424)		(28,940)

*     As of December 31, 2021, the Group had net operating losses from several of its PRC and oversea entities of RMB529,237 (US$83,050), 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 2022 to 2026. For the net operating loss from overseas entities, there is no limitation of expiration according to the statute of Hong Kong 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,
​	​	2020	​	2021	​	2021
​		RMB		RMB		US$
Balance at the beginning of year		(260,850)		(257,579)		(40,420)
Change of valuation allowance in the current year		3,271		(139,340)		(21,865)
Balance at the end of year		(257,579)		(396,919)		(62,285)

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,
​	​	2020	​	2021	​	2021
​		RMB		RMB		US$
Balance at the beginning of year		98,984		65,093		10,215
Changes based on tax positions related to the current year		(6,446)		19,766		3,102
Additions related to prior year tax position		2,171		8,692		1,364
Decreases related to prior year tax position		(20,304)		(7,580)		(1,189)
Decreases relating to expiration of applicable statute of limitation		(7,213)		(3,322)		(521)
Foreign currency translation		(2,099)		(748)		(117)
Balance at the end of year		65,093		81,901		12,854

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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