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TAXATION (Tables)

12 Months Ended

Dec. 31, 2023

TAXATION

Schedule of loss before income taxes

​

​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2021	​	2022	​	2023	​	2023
​		RMB		RMB		RMB		US$
Non – PRC		5,451		45,211		20,824	​	2,933
PRC		(534,688)		(885,107)		(576,418)	​	(81,189)
​		(529,237)		(839,896)		(555,594)	​	(78,256)

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

​

​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31,
​	​	2021	​	2022	​	2023	​	2023
​		RMB		RMB		RMB		US$
Current tax expense (benefit)	​	4,115	​	(8,765)	​	(7,014)	​	(988)
Deferred tax benefit	​	(10,680)	​	(62,141)	​	(17,559)	​	(2,473)
​	​	(6,565)		(70,906)	​	(24,573)	​	(3,461)

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

​

​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2021	​	2022	​	2023	​	2023
​		RMB	​	RMB		RMB		US$
Loss before income taxes		(529,237)		(839,896)		(555,594)		(78,256)
Income tax computed at the tax rate of 25%		(132,309)	​	(209,974)		(138,899)		(19,564)
Effect of different tax rates in different jurisdictions		2,798	​	(20,584)		(5,178)		(728)
Non-deductible expenses		(10,502)	​	21,543		18,287		2,575
Non-taxable income		9,183	​	(55,705)		(6,447)		(908)
Statutory income (expense)	​	3,994	​	25,419	​	51,631	​	7,272
Interest and penalty	​	(12,918)	​	(7,254)	​	(6,121)	​	(862)
Deferred tax expense	​	(13,953)	​	7,056	​	3,357	​	473
Changes of valuation allowance		142,806	​	168,102		58,030		8,173
Withholding tax		4,336	​	491		767		108
​		(6,565)	​	(70,906)		(24,573)		(3,461)

Schedule of components of deferred taxes

​

​	​	​	​	​	​	​
​	​	As at December 31,
​	​	2022	​	2023	​	2023
​		RMB		RMB		US$
Deferred tax asset				​
Net operating loss*		357,483		425,390		59,915
Foreign exchange loss	​	1,330	​	2,755	​	388
Depreciation and amortization		22,535		17,647		2,485
Property, plant and equipment impairment		6,997		2,340		330
Deposits for non-current assets		18,475		17,725		2,496
Allowance for net investment in financing lease		5,137		—		—
Allowance for doubtful accounts		14,746		29,299		4,127
Lease liabilities		58,901		59,875		8,433
Other long-term assets		104,912		94,791		13,351
Equity investment		7,553		7,005		987
Others		13,728		11,770		1,658
Total deferred tax assets		611,797		668,597		94,170
less: Valuation allowance**		(565,022)		(623,044)		(87,754)
Net deferred tax assets		46,775		45,553		6,416
​	​	​	​	​	​	​
Deferred tax liabilities		​		​		​
Equity investment		(1,170)		(1,091)		(154)
Property, plant and equipment		(1,682)		(2,368)		(334)
Disposal of Beijing Century Friendship		(3,126)		(3,126)		(440)
Intangible assets		(81,336)		(71,825)		(10,116)
Right-of-use assets		(46,873)		(45,626)		(6,426)
Capitalized interest		(19,179)		(18,993)		(2,675)
Others		(5,986)		(2,062)		(291)
​	​	​	​	​	​	​
Total deferred tax liabilities		(159,352)		(145,091)		(20,436)
​	​	​	​	​	​	​
Deferred tax assets, net		—		—		—
​	​	​	​	​	​	​
Deferred tax liabilities, net		(112,577)		(99,538)		(14,020)

*     As of December 31, 2023, the Group had net operating losses from several of its PRC and oversea entities of RMB1,703,345 (US$239,911), 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 2024 to 2028. 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,
​	​	2022	​	2023	​	2023
​		RMB		RMB		US$
Balance at the beginning of year		(396,919)		(565,022)		(79,582)
Change of valuation allowance in the current year		(168,103)		(58,022)		(8,172)
Balance at the end of year		(565,022)		(623,044)		(87,754)

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

​

​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​	​	2022	​	2023	​	2023
​		RMB		RMB		US$
Balance at the beginning of year		81,901		67,172		9,461
Changes based on tax positions related to the current year		322		—		—
Additions related to prior year tax position		1,072		12,084		1,702
Decreases related to prior year tax position		(6,617)		(14,104)		(1,987)
Decrease related to disposal of CMSI		(7,861)		(7,861)		(1,107)
Decreases relating to expiration of applicable statute of limitation		(3,572)		(1,997)		(281)
Foreign currency translation		1,927		8,605		1,212
Balance at the end of year	​	67,172	​	63,899	​	9,000

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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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