XML 25 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Cash flows from operating activities:        
Net income/(loss) ¥ (412,783) $ (63,262) ¥ (225,068) ¥ 53,445
Adjustments to reconcile net income/(loss) to net cash generated from operating activities:        
Depreciation and amortization 55,950 8,575 58,453 54,944
Amortization of operating lease right-of-use assets 125,468 19,229 134,829  
Gain on available-for-sale investments (3,916)
Gains on Short-term investments (495) (76)    
Net loss/(gain) on disposal of property and equipment (3,001) (460) 267 241
Impairment loss of goodwill 27,591 4,229    
Provision for impairment loss of account receivables and other receivables 23,944 3,670 1,610 954
Equity in loss/(income) on equity method investments 1,532 235 (2,658) (1,668)
Deferred income tax benefit (2,786) (427) (9,144) (6,266)
Gain/(loss) on disposal and closure of subsidiaries and branches 31,884 4,886 (583)  
Warrant financing 41,118 6,302    
Share-based compensation expenses 52,256 8,009 96,661 7,648
Changes in operating assets and liabilities, net of effect of acquisitions and disposals of subsidiaries:        
(Increase)/decrease in contract assets 1,630 250 6,384 (2,357)
(Increase)/decrease in accounts receivable (22,125) (3,391) (42,169) (916)
(Increase)/decrease in other contract costs 7,761 1,189 (9,731) 4,839
Decrease in prepayments and other current assets 5,849 896 21,560 34,718
Increase in other non-current assets 21,681 3,323 (1,108) (2,649)
Increase in accounts payable 1,274 195 10,807 5,451
Increase/(decrease) in deferred revenue (79,954) (12,253) (35,278) (49,439)
Increase/(decrease) in salary and welfare payable (6,530) (1,001) 6,182 (9,121)
Increase/(decrease) in financial liabilities from contracts with customers (105,534) (16,174) 66,932 (13,864)
Increase/(decrease) in accrued expenses and other payables (7,031) (1,078) 5,067 14,854
(Increase)/decrease in prepaid tax (1,315) (202) 409 (9,151)
Decrease in operating lease liabilities (107,007) (16,400) (121,345)  
Increase in income taxes payable 7,405 1,135 16,352 788
Net cash flow generated from/(used in) operating activities (343,218) (52,601) (21,571) 78,535
Cash flows from investing activities:        
Acquisition of subsidiaries, net of cash acquired     (38,556) (87,982)
Disposal of subsidiaries     (688)  
Purchases of property and equipment (25,652) (3,931) (86,469) (64,371)
Purchase of equity method investments       (3,750)
Proceeds from disposal of property and equipment 22,749 3,486 5 427
Advances to related parties (10,219) (1,566) (45,033) (49,023)
Repayment of advances to related parties 11,947 1,831 64,077 97,680
Purchase of short-term investments (42,001) (6,437)   (511,000)
Proceeds from maturities of short-term investments 42,496 6,513   564,963
Loan to a third-party       (20,000)
Repayment of loan to a third-party     20,000  
Others     (2,495) (1,737)
Net cash used in investing activities (680) (104) (89,159) (74,793)
Cash flows from financing activities:        
Capital contribution of non-controlling interests    
Advances from related parties 63,664 9,757 31,084 37,138
Repayment of advances from related parties (14,323) (2,195) (50,306) (26,337)
Distributions in connection with Reorganization       (148,270)
Proceeds from bank loans 185,000 28,352 107,000  
Repayment of bank loans (143,100) (21,931) (15,000)  
Reserves recapitalization 216,172 33,130    
Payment for offering expenses (14,773) (2,264)   (5,164)
Proceeds from contributions from equity shareholders     217  
Net cash generated from/ (used in) financing activities 292,640 44,849 72,995 (142,633)
Net decrease in cash and cash equivalents and restricted cash (51,258) (7,856) (37,735) (138,891)
Cash and cash equivalents and restricted cash at the beginning of the year 151,731 23,254 189,466 328,357
Cash and cash equivalents and restricted cash at the end of the year 100,473 15,398 151,731 189,466
Supplemental disclosure of cash flow information:        
Interest paid 5,171 792 2,322 8
Income tax paid 279 43 4,305 29,083
Supplemental disclosure of non-cash investing and financing activities:        
Payables for purchase of property and equipment  
Accretion of Redeemable Owners’ Investment       9,814
Consideration payable for the acquisitions of subsidiaries       27,800
Supplemental disclosure of cash and cash equivalents and restricted cash:        
Cash and cash equivalents 90,115 13,811 140,132 174,679
Restricted cash 10,358 1,587 11,599 14,787
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows ¥ 100,473 $ 15,398 ¥ 151,731 ¥ 189,466