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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
CNY (¥)
Cash flows from operating activities        
Net (loss) income ¥ 44,940 $ 6,537 ¥ 45,925 ¥ (37,018)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation and amortization 26,329 3,829 22,673 24,997
Share-based compensation expense 8,121 1,181 4,640 7,828
Bad debt provision 5,645 821 5,090 1,727
Foreign exchange (gain) loss, net (372) (54) 522 (84)
Impairment loss 0 0 0 22,402
Deferred income tax (2,212) (322) (2,127) 1,030
Disposal gain from subsidiaries 0 0 (38,145) 0
Gain from deregistration of subsidiaries (2,858) (416) 0 0
Gain from derecognition of liabilities (15,226) (2,215) 0 0
Disposal loss from property and equipment 105 15 90 534
Loss from equity method investment 908 132 16 10
Gain from fair value change of contingent consideration payable (5,444) (792) 0 0
Changes in operating assets and liabilities:        
Accounts receivable 1,762 256 (10,272) (2,298)
Prepaid and other current assets (6,844) (995) 20,090 510
Amounts due from related parties (1,105) (161) 1,523 24
Other non-current assets (3,154) (459) (5,754) (189)
Accounts payable (7,895) (1,148) 4,297 (1,653)
Accrued and other liabilities (29,396) (4,275) (38,071) 2,605
Income tax payable 5,153 749 10,764 3,512
Deferred revenue 9,681 1,408 3,386 (6,402)
Amounts due to related parties (734) (107) (4,232) 0
Other non-current liabilities (1,959) (285) (205) 0
Net cash provided by operating activities 25,445 3,699 20,210 17,535
Cash flows from investing activities        
Purchase of available-for-sale investments (222,000) (32,289) (241,200) (442,790)
Proceeds from available-for-sale investments 303,000 44,070 284,363 373,917
Purchase of held-to-maturity investments (671,000) (97,593) (558,730) (651,470)
Maturity and proceeds from held-to-maturity investments 694,000 100,938 530,430 738,560
Maturity of term deposits 0 0 0 1,150
Prepayment for acquisition of property 0 0 0 (71,024)
Purchase of property and equipment (8,755) (1,273) (7,745) (7,442)
Prepayment for leasehold improvement (9,877) (1,437) (13,325) (3,854)
Purchase of intangible assets (295) (43) (1,110) (1,225)
Purchase of subsidiaries (including cash payment in relation to prior acquisitions), net of cash acquired 0 0 (833) 0
Prepayment for purchase of minority interest 0 0 (4,504) 0
Purchase of other non-current assets (1,590) (231) (640) (1,040)
Proceed from disposal of subsidiaries, net of cash balance at disposed entities (3) 0 (4,309) 0
Payment as result of disposal of subsidiaries (112,000) (16,290) 0 0
Purchase of minority interest 0 0 (798) 0
Long-term loan receivables 0 0 (42,677) 0
Net cash used in investing activities (28,520) (4,148) (61,078) (65,218)
Cash flows from financing activities        
Proceeds from issuance of ordinary shares, net of expenses 45,402 6,603 0 0
Proceeds from minority shareholder capital injection 1,470 214 0 796
Proceeds from long-term borrowings 0 0 39,205 0
Repayments of short-term borrowings 0 0 0 (2,300)
Net cash (used in) provided by financing activities 46,872 6,817 39,205 (1,504)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 58 11 66 84
Net change in cash, cash equivalents and restricted cash 43,855 6,379 (1,597) (49,103)
Cash, cash equivalents and restricted cash at beginning of year 197,653 28,747 199,250 248,353
Cash, cash equivalents and restricted cash at end of year 241,508 35,126 197,653 199,250
Supplemental disclosure of cash flow information        
Income tax paid (597) (87) (932) (1,639)
Interest paid 0 0 0 (115)
Supplemental disclosure of non-cash investing and financing activities:        
Derecognition of assets other than cash of disposed subsidiaries/deregistered subsidiaries 1,607 234 25,152 0
Derecognition of liabilities of disposed subsidiaries/deregistered subsidiaries, net of recognized amount due to the disposed subsidiaries/deregistered subsidiaries 5,719 832 67,606 0
Contingent consideration of purchase of subsidiary ¥ (5,444) $ (792) ¥ 6,766 ¥ 0