XML 94 R49.htm IDEA: XBRL DOCUMENT

Parent only financial information (Tables)

12 Months Ended

Dec. 31, 2019

Parent only financial information

Schedule of Condensed Balance Sheets

(a) Condensed Balance Sheets


		As of December 31,
		2018		2019
		RMB		RMB
Assets
Current asset
Cash and cash equivalents		36		431,029
Total current asset		36		431,029
Non-current asset
Investments in and amounts due from subsidiaries, the VIE and VIE’s subsidiaries		1,197,490		2,145,325
Total non-current asset		1,197,490		2,145,325
Total assets		1,197,526		2,576,354
Liabilities
Current liability
Accrued expenses and other current liabilities		20,590		29,202
Total current liability		20,590		29,202
Total liabilities		20,590		29,202
Mezzanine equity
Series A-2 Redeemable Convertible Preferred Shares		102,743		—
Series B Redeemable Convertible Preferred Shares		446,889		—
Series C Redeemable Convertible Preferred Shares		2,193,512		—
Total mezzanine equity		2,743,144		—
(Deficit) Equity
Ordinary shares		—		—
Class A ordinary shares		—		1
Class B ordinary shares		—		—
Series A-1 Convertible Preferred Shares		5,513		—
Additional paid-in capital		55,052		4,880,135
Accumulated other comprehensive loss		(274,540)		(368,897)
Accumulated deficit		(1,352,233)		(1,964,087)
Total (deficit) equity		(1,566,208)		2,547,152

Total liabilities, mezzanine equity and (deficit) equity		1,197,526		2,576,354

Schedule of Condensed Statements of Results of Operations

(b) Condensed Statements of Results of Operations


		For the Year Ended December 31,
		2017		2018		2019
		RMB		RMB		RMB
General and administrative expenses		(2,722)		(72)		(881)
Total operating expenses		(2,722)		(72)		(881)
Loss from operations		(2,722)		(72)		(881)
Equity income of subsidiaries and the VIE and VIE’s subsidiaries		54,226		22,921		147,511
Other income:
Interest income, net		243		(2)		(2)
Income before income tax		51,747		22,847		146,628
Income tax expense		—		—		—
Net income		51,747		22,847		146,628
Accretion of Redeemable Convertible Preferred Shares		(228,468)		(248,186)		(116,308)
Deemed dividend to preferred shareholder		—		—		(642,174)
Net loss attributable to ordinary shareholders		(176,721)		(225,339)		(611,854)

Schedule of Condensed statements of cash flows

(c) Condensed statements of cash flows


		For the Year Ended December 31,
		2017		2018		2019
		RMB		RMB		RMB
Net cash (used in) provided by operating activities		(2,479)		25		(883)
Cash flows used in investing activities:
Investments in and amounts due from subsidiaries, the VIE and VIE’s subsidiaries		(660,531)		—		(64,295)
Investment in short-term investments		—		—		(380,901)
Proceeds from redemption of short-term investments		—		—		380,901
Net cash used in investing activities		(660,531)		—		(64,295)
Cash flows provided by financing activities:
Proceeds from initial public offering, net of offering cost		—		—		498,436
Net cash provided by financing activities		—		—		498,436
Effect of exchange rate changes on cash and cash equivalents		(18,742)		1		(2,265)
Net (decrease) increase in cash and cash equivalents		(681,752)		26		430,993
Cash and cash equivalents at the beginning of the year		681,762		10		36
Cash and cash equivalents at the end of the year		10		36		431,029