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TAXATION (Tables)

12 Months Ended

Dec. 31, 2022

TAXATION

Schedule of loss before income taxes

​

​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2020	​	2021	​	2022	​	2022
​		RMB		RMB		RMB		US$
Non – PRC		(142,750)		5,451		45,211	​	6,555
PRC		(298,903)		(534,688)		(885,107)	​	(128,327)
​		(441,653)		(529,237)		(839,896)	​	(121,772)

​

Schedule of current and deferred components of the income tax expense (benefit)

​

​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31,
​	​	2020	​	2021	​	2022	​	2022
​		RMB		RMB		RMB		US$
Current tax expense (benefit)	​	(24,047)	​	4,115	​	(8,765)	​	(1,271)
Deferred tax benefit	​	(13,577)	​	(10,680)	​	(62,141)	​	(9,009)
​	​	(37,624)		(6,565)	​	(70,906)	​	(10,280)

​

Schedule of reconciliation of the differences between the statutory tax rate and the effective tax rate for EIT

​

​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2020	​	2021	​	2022	​	2022
​		RMB	​	RMB		RMB		US$
Loss before income taxes		(441,653)		(529,237)		(839,896)		(121,772)
Income tax computed at the tax rate of 25%		(110,413)	​	(132,309)		(209,974)		(30,443)
Effect of different tax rates in different jurisdictions		10,715	​	2,798		(20,584)		(2,983)
Non-deductible expenses		74,225	​	(10,502)		21,543		3,123
Non-taxable income		(78,447)	​	9,183		(55,705)		(8,076)
Statutory income (expense)	​	(2,544)	​	3,994	​	25,419	​	3,685
Interest and penalty	​	(465)	​	(12,918)	​	(7,254)	​	(1,052)
Deferred tax expense	​	(2,314)	​	(13,953)	​	7,056	​	1,023
Changes of valuation allowance		71,545	​	142,806		168,102		24,372
Withholding tax		74	​	4,336		491		71
​		(37,624)	​	(6,565)		(70,906)		(10,280)

​

Schedule of components of deferred taxes

​

​	​	​	​	​	​	​
​	​	As at December 31,
​	​	2021	​	2022	​	2022
​		RMB		RMB		US$
Deferred tax asset				​
Net operating loss*		216,902		357,483		51,830
Foreign exchange loss	​	7,679	​	1,330	​	193
Depreciation and amortization		10,479		22,535		3,267
Property, plant and equipment impairment		6,997		6,997		1,014
Deposits for non-current assets		18,475		18,475		2,679
Allowance for net investment in financing lease		5,137		5,137		745
Allowance for doubtful accounts		14,013		14,746		2,138
Lease liabilities		56,673		58,901		8,540
Other long-term assets		92,261		104,912		15,211
Equity investment		7,574		7,553		1,095
Others		7,971		13,728		1,990
Total deferred tax assets		444,161		611,797		88,702
less: Valuation allowance**		(396,919)		(565,022)		(81,920)
Net deferred tax assets		47,242		46,775		6,782
​	​	​	​	​	​	​
Deferred tax liabilities		​		​		​
Equity investment		(287)		(1,170)		(170)
Property, plant and equipment		(1,428)		(1,682)		(244)
Disposal of Beijing Century Friendship		(3,126)		(3,126)		(453)
Intangible assets		(156,189)		(81,336)		(11,793)
Right-of-use assets		(48,259)		(46,873)		(6,796)
Capitalized interest		(19,179)		(19,179)		(2,781)
Others		(3,198)		(5,986)		(867)
​	​	​	​	​	​	​
Total deferred tax liabilities		(231,666)		(159,352)		(23,104)
​	​	​	​	​	​	​
Deferred tax assets, net		—		—		—
​	​	​	​	​	​	​
Deferred tax liabilities, net		(184,424)		(112,577)		(16,322)

*     As of December 31, 2022, the Group had net operating losses from several of its PRC and oversea entities of RMB839,896 (US$121,772), 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 2023 to 2027. 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,
​	​	2021	​	2022	​	2022
​		RMB		RMB		US$
Balance at the beginning of year		(257,579)		(396,919)		(57,548)
Change of valuation allowance in the current year		(139,340)		(168,103)		(24,372)
Balance at the end of year		(396,919)		(565,022)		(81,920)

​

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits excluding the penalty and interest

​

​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2021	​	2022	​	2022
​		RMB		RMB		US$
Balance at the beginning of year		65,093		81,901		11,875
Changes based on tax positions related to the current year		19,766		322		47
Additions related to prior year tax position		8,692		1,072		155
Decreases related to prior year tax position		(7,580)		(6,617)		(959)
Decrease related to disposal of CMSI		—		(7,861)		(1,140)
Decreases relating to expiration of applicable statute of limitation		(3,322)		(3,572)		(518)
Foreign currency translation		(748)		1,927		279
Balance at the end of year	​	81,901	​	67,172	​	9,739

​

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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 components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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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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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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