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Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2019
Equity Method Investment  
Schedule of equity method investments

 

 

 

 

    

RMB

Balance as of January 1, 2017

 

48,904

Additions

 

63,000

Share of results

 

2,902

Dividends received

 

(2,779)

Return of capital

 

(17,500)

Balance as of January 1, 2018

 

94,527

Additions

 

383,958

Share of results

 

19,566

Disposal of an equity method investment

 

(2,907)

Dividends received

 

(127)

Return of capital

 

(148,858)

Balance as of December 31, 2018

 

346,159

Additions

 

579,492

Share of results

 

21,772

Dividends received

 

(9,602)

Return of capital

 

(358,558)

Balance as of December 31, 2019

 

579,263

 

Schedule of information pertaining to limited partnerships

 

 

 

 

 

 

 

 

 

 

 

Maximum

 

 

 

 

Aggregated

    

amount of

    

Maximum

 

 

carrying

 

additional

 

exposures to the

 

 

amount of the

 

capital

 

losses of the

 

 

limited

 

commitment

 

limited

 

 

partnerships

 

(Note 19(b))

 

partnerships

 

    

RMB

 

RMB

 

RMB

Balance as of December 31, 2018

 

341,826

 

616,891

 

958,717

Balance as of December 31, 2019

 

574,929

 

502,661

 

1,077,590

 

Schedule of effective interests, additional investments into these limited partnerships and received return of capital from these limited partnerships

 

 

 

 

 

 

    

 

As of December 31, 

 

  

    

2018

    

2019

 

Name of the limited partnerships

 

 

 

 

 

Shanghai Gefei Chengyun Investment Center Limited Partnership (“Gefei Chengyun”)

 

20

%  

20

%  

Ningbo Meishan Jiushen Investment Limited Partnership ("Jiushen")

 

10

%  

10

%  

Ningbo Meishan Jiuchang Investment Limited Partnership (“Jiuchang”)

 

49.95

%  

 —

 

Tibet Shiguan Business Management Limited Partnership (“Shiguan”)

 

27.6

%  

27.6

%  

Ningbo Meishan Jiuchuan Investment Limited Partnership (“Jiuchuan”)

 

10

%  

10

%  

Ningbo Meishan Decheng Investment Limited Partnership (“Decheng”)

 

 2

%  

 2

%  

Yiwu Longshu Tianye Investment Management Limited Partnership (“Longshutianye”)

 

26

%  

26

%

Yiwu Longshu Qianli Investment Management Limited Partnership (“Longshuqianli”)

 

16

%  

 —

 

Ningbo Meishan Jiuyi Investment Limited Partnership (“Jiuyi”)

 

20

%  

20

%

Ningbo Meishan Jiuyu Investment Limited Partnership (“Jiuyu”)

 

20

%  

 —

 

Ningbo Meishan Jiuzhen Investment Limited Partnership (“Jiuzhen”)

 

20

%  

20

%  

Ningbo Meishan Yunde Investment Limited Partnership (“Yunde”)

 

20

%  

20

%  

Ningbo Meishan Deyan Investment Limited Partnership (“Deyan”)

 

20

%

20

%  

Ningbo Meishan Detong Investment Limited Partnership (“Detong”)

 

—

 

40

%  

Ningbo Meishan Derong Investment Limited Partnership (“Derong”)

 

—

 

37

%  

Ningbo Meishan Jiushi Investment Limited Partnership (“Jiushi”)

 

—

 

40

%  

Ningbo Meishan Qixing Management Limited Partnership (“Qixing”)

 

—

 

15.7

%  

Shanghai Ruokun Management Limited Partnership (“Ruokun”)

 

—

 

20

%  

Ningbo Meishan Deyu Investment Limited Partnership (“Deyu”)

 

—

 

40

%  

Hangzhou Honggeng Investment Limited Partnership (“Honggeng”)

 

—

 

20

%  

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 

 

 

2017

 

2018

 

2019

Name of the

 

Capital

 

Return of

 

Capital

 

Return of

 

Capital

 

Return of

limited partnerships

 

Investments

 

capital

 

Investments

 

capital

 

Investments

 

capital

 

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

Gefei Wenqin

 

 —

 

16,000

 

 —

 

 —

 

 —

 

 —

Gefei Chengyun

 

1,000

 

1,500

 

—

 

(18,719)

 

—

 

—

Jiushen

 

35,000

 

 —

 

65,000

 

—

 

17,000

 

(2,200)

Jiuchang

 

5,000

 

 —

 

—

 

(2,380)

 

—

 

(2,620)

Shiguan

 

20,000

 

 —

 

—

 

—

 

—

 

(20,000)

Jiuchuan

 

 —

 

 —

 

16,687

 

—

 

—

 

(5,569)

Decheng

 

 —

 

 —

 

463

 

—

 

—

 

—

Tianye

 

 —

 

 —

 

25,300

 

—

 

18,455

 

(12,049)

Qianli

 

 —

 

 —

 

2,807

 

(713)

 

—

 

(2,094)

Jiuyi

 

 —

 

 —

 

155,333

 

(87,853)

 

127,985

 

(169,152)

Jiuyu

 

 —

 

 —

 

26,000

 

(6,076)

 

—

 

(19,924)

Jiuzhen

 

 —

 

 —

 

33,000

 

(31,117)

 

2,250

 

—

Yunde

 

 —

 

 —

 

50,400

 

—

 

55,935

 

(64,993)

Deyan

 

 —

 

 —

 

8,968

 

—

 

—

 

(3,968)

Detong

 

 —

 

 —

 

—

 

—

 

31,000

 

(16,184)

Derong

 

 —

 

 —

 

—

 

—

 

55,555

 

(555)

Jiushi

 

 —

 

 —

 

—

 

—

 

185,000

 

(29,250)

Qixing

 

 —

 

 —

 

—

 

—

 

8,752

 

—

Ruokun

 

 —

 

 —

 

—

 

—

 

5,000

 

—

Deyu

 

 —

 

 —

 

—

 

—

 

70,360

 

(10,000)

Honggeng

 

 —

 

 —

 

—

 

—

 

2,200

 

—

Total

 

61,000

 

17,500

 

383,958

 

(146,858)

 

579,492

 

(358,558)

 

Schedule of combined unaudited financial information for these equity method investees

 

 

 

 

 

 

 

As of December 31, 

 

 

2018

 

2019

 

    

RMB

    

RMB

Balance sheet data:

 

  

 

  

Current assets

 

1,615,143

 

1,423,869

Non-current assets

 

327,355

 

514,215

Total assets

 

1,942,498

 

1,938,084

Current liabilities

 

366,398

 

711,188

Total liabilities

 

366,398

 

711,188

Equity

 

1,576,100

 

1,226,896

Total liabilities and shareholders’ equity

 

1,942,498

 

1,938,084

 

 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

 

2017

 

2018

 

2019

 

    

RMB

    

RMB

    

RMB

Operating data:

 

  

 

  

 

  

Revenue

 

66,996

 

224,377

 

124,610

Operating income

 

48,507

 

139,025

 

76,502

Net income

 

48,253

 

139,025

 

77,384