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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
NET REVENUES        
- Educational program and services ¥ 525,134 $ 76,378 ¥ 432,754 ¥ 412,016
- Intellectualized operational services 6,374 927 11,170 0
Total net revenues 531,508 77,305 443,924 412,016
COST OF REVENUES        
- Educational program and services (331,939) (48,279) (249,400) (238,742)
- Intellectualized operational services (6,204) (902) (6,995) 0
Total cost of revenues (338,143) (49,181) (256,395) (238,742)
GROSS PROFIT 193,365 28,124 187,529 173,274
OPERATING EXPENSES        
Selling and marketing (43,751) (6,363) (36,710) (41,818)
General and administrative (132,718) (19,303) (142,252) (145,513)
Research and development (1,513) (220) (6,262) (7,572)
Impairment loss 0 0 0 (22,402)
Total operating expenses (177,982) (25,886) (185,224) (217,305)
OPERATING (LOSS) INCOME 15,383 2,238 2,305 (44,031)
OTHER INCOME (EXPENSE)        
Interest (expense) income, net 6,652 967 5,191 5,941
Foreign exchange (loss) gain, net 372 54 (522) 84
Other income, net 1,447 210 1,652 2,570
Gain from derecognition of liabilities 15,226 2,215 0 0
Gain on disposal of subsidiaries 0 0 38,145 0
Gain from deregistration of subsidiaries 2,858 416 0 0
Gain from fair value change of contingent consideration payable 5,444 792 0 0
Gain on sale of investment available for sale 1,056 154 8,768 4,329
Total other income 33,055 4,808 53,234 12,924
(LOSS) INCOME BEFORE INCOME TAX AND NON-CONTROLLING INTERESTS 48,438 7,046 55,539 (31,107)
Income tax expense (3,498) (509) (9,614) (5,911)
NET (LOSS) INCOME 44,940 6,537 45,925 (37,018)
Less: Net loss attributable to non-controlling interests (50) (7) (538) (1,318)
NET (LOSS) INCOME ATTRIBUTABLE TO AMBOW EDUCATION HOLDING LTD. 44,990 6,544 46,463 (35,700)
NET (LOSS) INCOME 44,940 6,537 45,925 (37,018)
OTHER COMPREHENSIVE INCOME, NET OF TAX        
Foreign translation adjustments 1,304 190 3,876 (1,160)
Unrealized gains on short term investments        
Unrealized holding gains arising during period 776 113 2,901 5,622
Less: reclassification adjustment for gains included in net income 651 95 5,606 3,870
Other comprehensive income 1,429 208 1,171 592
TOTAL COMPREHENSIVE (LOSS) INCOME ¥ 46,369 $ 6,745 ¥ 47,096 ¥ (36,426)
Net (loss) income per share-basic | (per share) ¥ 1.09 $ 0.16 ¥ 1.20 ¥ (0.93)
Net (loss) income per share-diluted | (per share) ¥ 1.08 $ 0.16 ¥ 1.18 ¥ (0.93)
Weighted average shares used in calculating basic net income (loss) per share 41,342,597 41,342,597 38,826,800 38,469,234
Weighted average shares used in calculating diluted net income (loss) per share 41,671,763 41,671,763 39,303,760 38,469,234
Share-based compensation expense included in:        
Share-based compensation expense ¥ 8,121 $ 1,181 ¥ 4,640 ¥ 7,828
Selling and Marketing Expense [Member]        
Share-based compensation expense included in:        
Share-based compensation expense 0 0 0 0
General and Administrative Expense [Member]        
Share-based compensation expense included in:        
Share-based compensation expense 8,121 1,181 4,640 7,828
Research and Development Expense [Member]        
Share-based compensation expense included in:        
Share-based compensation expense ¥ 0 $ 0 ¥ 0 ¥ 0