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TAXATION (Tables)

12 Months Ended

Dec. 31, 2020

TAXATION

Schedule of Significant Components of Provision for Income Taxes on Earnings

		Years ended December 31,
		2018		2019		2020
		RMB		RMB		RMB
Current:
PRC		5,709		6,198		3,641
U.S.		—		5		2,274
Deferred:
PRC		(2,594)		6,156		1,065
U.S.		383		558		(5,918)
Provision for income tax expenses		3,498		12,917		1,062

Schedule of Principal Components of the Group's Deferred Tax Assets and Liabilities

		As of December 31
		2019		2020
		RMB		RMB
Deferred tax asset:
Accrued expense		4,332		5,241
Allowance for doubtful accounts		39,051		37,470
Tax loss carried forward		229,545		275,914
Deferred advertising expense		221		222
Impairment of long-lived tangible assets		357		357
Discount on long-term receivables from Jinghan Taihe		8,660		8,930
Total deferred tax assets		282,166		328,134
Valuation allowance		(249,626)		(297,689)
Deferred tax assets, net of valuation allowance		32,540		30,445
Deferred tax liabilities:
- Unrecognized valuation surplus and deficit - acquisition		81,125		81,125
- Unrecognized valuation surplus and deficit - decrease due to amortization and impairment		(61,516)		(62,759)
- Unrealized profit of short-term investments		428		235
- Accelerated fixed assets depreciation		2,308		2,119
- Unrealized gain on acquisition		—		3,387
Total deferred tax liabilities		22,345		24,107
Deferred tax assets, net of valuation allowance and deferred tax liabilities		10,195		6,338

Summary of amounts and expiration dates of operating loss carryforward

		Amount
		RMB
2021		11,016
2022		9,995
2023		12,127
2024		13,995
2025 and thereafter		812,594
Total		859,727

Schedule of Roll-forward of Valuation Allowance

		As of December 31,
		2018		2019		2020
		RMB		RMB		RMB
Balance at beginning of the year		403,485		278,437		249,626
Allowance made during the year		7,315		96,336		66,346
Decrease due to disposal/deregistration of subsidiaries		(23,595)		(65,639)		(2,408)
Reversals		(108,768)		(59,508)		(15,875)
Balance at end of the year		278,437		249,626		297,689

Schedule of Reconciliation Between Total Income Tax Expense and Amount Computed by Applying the Weighted Average Statutory Income Tax Rate to Income Before Income Taxes

		Years ended December 31,
		2018		2019		2020
		%		%		%
PRC statutory income tax rate		25	%	25	%	25	%
Impact of different tax rates in other jurisdictions		(2)	%	(8)	%	(1)	%
Tax effect of preferential tax rate for small enterprises		0	%	(5)	%	5	%
Tax effect of non-deductible expenses		9	%	(2)	%	29	%
Tax effect of non-taxable income		(9)	%	2	%	19	%
Tax effect of tax-exempt entities		0	%	17	%	(20)	%
Tax effect of deemed profit		(2)	%	0	%	0	%
Tax effect of short term investment		3	%	0	%	0	%
Deferred tax effect of tax rate change		0	%	(35)	%	47	%
Changes in valuation allowance		(16)	%	(9)	%	(106)	%
Effective tax rate		8	%	(15)	%	(2)	%

Schedule of Reconciliation of Beginning and Ending Amount of Liabilities Associated with Uncertain Tax Positions

		As of December 31,
		2018		2019		2020
		RMB		RMB		RMB
Unrecognized tax benefits, beginning of year		24,619		26,246		32,152
The amount of decreases in the unrecognized tax benefits relating to settlements with taxing authorities		(259)		(242)		(69)
Additions for tax position of current year		2,301		6,148		3,231
Decrease due to disposal of subsidiaries (Note 26)		—		—		(551)
Decrease due to deregistration of subsidiary		(415)		—		—
Unrecognized tax benefits, end of year		26,246		32,152		34,763

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