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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Loss before taxation ¥ (418,465) ¥ (78,285) ¥ (316,221)
Adjustments for      
Amortization of land use rights 108 143 369
Depreciation of property, plant and equipment 11,500 15,371 44,583
(Gain) loss on disposal of property, plant and equipment 0 (70) 6,246
Write down of inventories 55,973 (2,733) 75,078
Bad debt provision of trade receivables 316,438 71,565 23,940
Loss from assets devaluation 85,021 36,683 230,359
Share based compensation 619 294 0
Interest expense (income) 0 206 (1,791)
Foreign exchange loss 0 0 84
Operating cash flows before working capital changes 51,194 43,174 62,647
Decrease in inventories 8,347 23,808 19,034
Increase in trade receivables (23,309) (50,384) (67,578)
Decrease (Increase) in other receivables and prepayments (2,521) 12,058 8,481
Decrease in trade payables (36,755) (23,173) (26,010)
Increase in taxes payable 635 0 0
Increase (decrease) in accrued liabilities, other payables, and amounts owed to related parties (3,825) (7,529) 7,641
Cash generated from (used in) operations (6,234) (2,046) 4,215
Interest paid 0 0 (84)
Income tax paid 0 0 (12,816)
Net cash used in operating activities (6,234) (2,046) (8,685)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of fixed assets 0 (5,618) 0
Proceed from disposal of property, plant and equipment 0 70 1,000
Decrease (increase) in restricted cash (1,719) 0 41,672
Interest received 0 0 1,791
Net cash used in (generated from) investing activities (1,719) (5,548) 44,463
CASH FLOWS FROM FINANCING ACTIVITIES:      
Insurance of share capital for equity financing 15,262 9,537 6,185
Repayment of short-term loans 0 0 (40,076)
Advance from related parties 186 0 0
Net cash generated from (used in) financing activities 15,448 9,537 (33,891)
NET INCREASE IN CASH & EQUIVALENTS 7,495 1,943 1,887
CASH & EQUIVALENTS, BEGINNING OF YEAR 2,328 110 514
EFFECT OF FOREIGN EXCHANGE RATE DIFFERENCES (807) 275 (2,291)
CASH & EQUIVALENTS, END OF YEAR ¥ 9,016 ¥ 2,328 ¥ 110