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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Current assets:      
Cash and cash equivalents $ 18,210 ¥ 118,821 ¥ 157,600
Restricted cash 126 824  
Short term investments, available for sale 18,062 117,854 57,487
Short term investments, held to maturity 6,897 45,000 31,000
Accounts receivable, net 3,214 20,972 17,939
Amounts due from related parties 463 3,024 2,318
Prepaid and other current assets, net 18,028 117,634 133,296
Total current assets 65,000 424,129 399,640
Non-current assets:      
Property and equipment, net 22,144 144,492 157,463
Land use rights, net 263 1,715 1,759
Intangible assets, net 8,400 54,808 56,607
Goodwill 3,940 25,710 60,353
Deferred tax assets, net 971 6,338 10,195
Operating lease right-of-use asset 37,948 247,608 257,361
Finance lease right-of-use asset 897 5,850 6,450
Other non-current assets, net 21,313 139,067 70,971
Total non-current assets 95,876 625,588 621,159
Total assets 160,876 1,049,717 1,020,799
Current liabilities:      
Short-term borrowing (including consolidated VIE amount without recourse to the Company of RMB nil and RMB 10,000 as of December 31, 2019 and 2020, respectively) 1,533 10,000  
Deferred revenue (including consolidated VIE amount without recourse to the Company of RMB 157,663 and RMB 158,735 as of December 31, 2019 and 2020, respectively) 25,088 163,699 165,111
Accounts payable (including consolidated VIE amount without recourse to the Company of RMB 8,686 and RMB 10,682 as of December 31, 2019 and 2020, respectively) 2,976 19,423 14,718
Accrued and other liabilities (including consolidated VIE amount without recourse to the Company of RMB 149,197 and RMB 165,706 as of December 31, 2019 and 2020, respectively) 32,121 209,590 192,957
Income taxes payable, current (including consolidated VIE amount without recourse to the Company of RMB 180,472 and RMB 180,070 as of December 31, 2019 and 2020, respectively) 28,297 184,638 180,715
Amounts due to related parties (including consolidated VIE amount without recourse to the Company of RMB 1,971 and RMB 2,543 as of December 31, 2019 and 2020, respectively) 390 2,543 1,971
Operating lease liability, current (including consolidated VIE amount without recourse to the Company of RMB 29,341 and RMB 27,962 as of December 31, 2019 and 2020, respectively) 8,230 53,702 53,512
Total current liabilities 98,635 643,595 608,984
Non-current liabilities:      
Long-term borrowing (including consolidated VIE amount without recourse to the Company of RMB nil and RMB nil as of December 31, 2019 and 2020, respectively) 1,470 9,594  
Other non-current liabilities (including consolidated VIE amount without recourse to the Company of RMB nil and RMB 188 as of December 31, 2019 and 2020, respectively) 45 292  
Income taxes payable, non-current (including consolidated VIE amount without recourse to the Company of RMB 32,152 and RMB 34,763 as of December 31, 2019 and 2020, respectively) 5,328 34,763 32,152
Operating lease liability, non-current (including consolidated VIE amount without recourse to the Company of RMB 88,293 and RMB 74,725 as of December 31, 2019 and 2020, respectively) 33,765 220,319 216,067
Total non-current liabilities 40,608 264,968 248,219
Total liabilities 139,243 908,563 857,203
Commitments and contingencies
EQUITY      
Preferred shares(US$ 0.003 par value; 1,666,667 shares authorized, nil issued and outstanding as of December 31, 2019 and 2020)
Additional paid-in capital 543,306 3,545,073 3,508,745
Statutory reserve 645 4,210 20,185
Accumulated deficit (524,007) (3,419,146) (3,371,815)
Accumulated other comprehensive income 1,855 12,101 6,341
Total Ambow Education Holding Ltd.'s equity 21,935 143,122 164,276
Non-controlling interests (302) (1,968) (680)
Total equity 21,633 141,154 163,596
Total liabilities and equity 160,876 1,049,717 1,020,799
Class A Ordinary Shares [Member]      
EQUITY      
Ordinary shares 122 794 730
Total equity   794 730
Class C Ordinary Shares [Member]      
EQUITY      
Ordinary shares $ 14 90 90
Total equity   ¥ 90 ¥ 90