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CONDENSED FINANCIAL INFORMATION OF THE COMPANY

12 Months Ended

Dec. 31, 2017

Disclosure of condensed financial information of company [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

25.

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

The following is the condensed financial information of the Company on a non-consolidated basis:

CONDENSED STATEMENTS OF FINANCIAL POSITION

	December 31,
	2016			2017			2017
	CNY			CNY			US$

ASSETS
NON-CURRENT ASSETS
Investments in subsidiaries		694			—			—

CURRENT ASSETS
Amounts due from subsidiaries		26,972			9,266			1,425
Cash and cash equivalents		10,678			13,912			2,138
Other receivables (Note 9(a))		—			9,377			1,441

TOTAL CURRENT ASSETS		37,650			32,555			5,004

TOTAL ASSETS		38,344			32,555			5,004

LIABILITIES AND EQUITY
CURRENT LIABILITIES
Other payables and accrued liabilities		1,398			2,350			361
Due to the Shareholder		12,565			11,573			1,779
Due to a related party		10,766			10,028			1,541

TOTAL CURRENT LIABILITIES		24,729			23,951			3,681

TOTAL LIABILITIES		24,729			23,951			3,681

EQUITY
Issued capital		290,179			290,179			44,597
Other capital reserves		823,581			823,581			126,574
Accumulated losses		(1,089,898	)		(1,087,839	)		(167,187	)
Other comprehensive income		(10,247	)		(17,317	)		(2,661	)

TOTAL EQUITY		13,615			8,604			1,323

TOTAL LIABILITIES AND EQUITY		38,344			32,555			5,004

CONDENSED STATEMENTS OF PROFIT OR LOSS

	December 31,
	2015			2016			2017		2017
	CNY			CNY			CNY		US$

Administrative expenses		(2,380	)		(3,216	)		(5,055)		(777	)
Impairment of investments in subsidiaries		(25,335	)		—			—		—
Impairment of an amount due from a subsidiary		(2,821	)		—			—		—
Dividend income		31,680			—			—		—
Interest income		130			—			—		—
Profit on disposal of a subsidiary		—			—			7,114		1,093
Profit/ (loss) before income tax		1,274			(3,216	)		2,059		316
Profit/ (loss) for the year		1,274			(3,216	)		2,059		316

CONDENSED STATEMENTS OF CASH FLOWS

	December 31,
	2015			2016			2017			2017
	CNY			CNY			CNY			US$

Net cash flows used in operating activities		(1,851	)		(2,796	)		(3,647	)		(560	)
Net cash flows from investing activities		31,681			—			7,808			1,200
Net cash flows used in financing activities		(33,210	)		(276	)		—			—
NET (DECREASE)/INCREASE IN CASH		(3,380	)		(3,072	)		4,161			640
CASH AT BEGINNING OF THE YEAR		14,484			13,062			10,678			1,641
Net foreign exchange difference		1,958			688			(927	)		(143	)
CASH AT END OF THE YEAR		13,062			10,678			13,912			2,138

The above financial statements have been provided pursuant to the requirements of Rule 12-04(a) and 4-08(e)(3) of Regulation S-X, which require condensed financial information as to financial position, results of operations and cash flows of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of the consolidated and unconsolidated subsidiaries and the parent's equity in the undistributed earnings of 50 percent or less owned persons, accounted for by the equity method, together exceed 25 percent of the consolidated net assets as of the end of the most recently completed fiscal year. As of December 31, 2017, CNY11.97 million (US$1.84 million) of the restricted capital and reserves were not available for distribution, and therefore, the condensed financial information of the Company has been presented for the years ended December 31, 2015, 2016 and 2017.

In the parent-company-only financial statements, the Company's investments in subsidiaries are stated at cost. The parent-company-only financial statements should be read in conjunction with the Company's consolidated financial statements.

The Company does not have any significant commitments or long-term obligations as of any of the years presented, except for those disclosed in the consolidated financial statements.

During the years ended December 31, 2015, 2016 and 2017, no cash dividends were declared and paid by the Company.