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PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Schedule of condensed balance sheets

Condensed balance sheets


		As at December 31
		2022		2023		2023
		RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalent		1,510		17,466		2,460
Prepayments and other current assets		24,271		24,999		3,521
Total current assets		25,781		42,465		5,981
Total assets		25,781		42,465		5,981

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short term loan		32,417		41,179		5,800
Long-term debts due within one year		111,028		110,574		15,574
Accrued expenses and other liabilities		11,649		20,483		2,885
Derivative liability		5,290		163		23
Amounts due to subsidiaries		1,729,363		1,992,011		280,568
Total current liabilities		1,889,747		2,164,410		304,850
Total liabilities		1,889,747		2,164,410		304,850

Shareholders’ equity (deficit):
Class A ordinary shares (par value of US$0.0001per share; authorized shares-500,000,000; issued shares-96,565,584 and 96,565,584 as of December 31, 2022 and 2023; outstanding shares-84,463,737 and 84,463,737 as of December 31, 2022 and 2023, 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, 2022 and 2023; outstanding shares- 45,787,948 and 45,787,948 as of December 31, 2022 and 2023, respectively)		37		37		5
Treasury stock (12,101,847 and 12,101,847 shares as of December 31, 2022 and 2023, respectively)		(7)		(7)		(1)
Additional paid-in capital		1,930,633		2,007,965		282,816
Accumulated other comprehensive loss		(27,766)		(65,419)		(9,214)
Accumulated deficit		(3,766,931)		(4,064,589)		(572,485)
Total shareholders’ equity (deficit)		(1,863,966)		(2,121,945)		(298,869)
Total liabilities and shareholders’ equity (deficit)		25,781		42,465		5,981

Schedule of condensed statements of comprehensive loss

Condensed statements of comprehensive loss


		For the Years Ended December 31,
		2021		2022		2023		2023
		RMB		RMB		RMB		US$
Revenues		—		—		—		—
Cost of revenues		—		—		—		—
General and administrative expenses		(14,428)		5,242		(2,414)		(340)
Selling expenses		(2,090)		(524)		—		—
Operating loss		(16,518)		4,718		(2,414)		(340)
Equity in loss of subsidiaries		(793,117)		(605,175)		(314,122)		(44,246)
Interest income		—		—		14		2
Interest expense		(1,459)		(10,394)		(9,926)		(1,398)
Changes in fair value of derivatives		—		1,055		5,282		744
Other income, net		—		96,609		(1,008)		(142)
Foreign exchange gain(loss)		(9,527)		23,526		24,516		3,453
Net loss		(820,621)		(489,661)		(297,658)		(41,927)
Other comprehensive income (loss)
Foreign currency translation, net of tax of nil		14,821		(53,964)		(6,480)		(913)
Unrealized losses on available-for-sale securities, net		—		—		(31,173)		(4,391)
Total other comprehensive (loss) income		14,821		(53,964)		(37,653)		(5,304)
Comprehensive loss		(805,800)		(543,625)		(335,311)		(47,231)

Schedule of condensed statements of cash flows

Condensed statements of cash flows


		For the Years Ended December 31,
		2021		2022		2023		2023
		RMB		RMB		RMB		US$
Net cash (used in) generated from operating activities		(9,301)		(2,047)		(1,258)		(177)
Net cash (used in) generated from investing activities		(88,546)		(29,335)		15,655		2,205
Net cash (used in) generated from financing activities		110,876		16,591		1,590		224

Exchange rate effect on cash		(50)		1,243		(31)		(5)

Net (decrease) increase in cash		12,979		(13,548)		15,956		2,247
Cash at beginning of the year		2,079		15,058		1,510		213

Cash at end of the year		15,058		1,510		17,466		2,460