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CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2022
Cash and cash equivalents [abstract]  
CASH AND CASH EQUIVALENTS

 

17.CASH AND CASH EQUIVALENTS

 

Cash and cash equivalents are set out below as of December 31, 2021 and 2022:

                
   December 31, 
   2021   2022   2022 
   CNY   CNY   US$ 
             
Cash and cash equivalents               
- Cash on hand   74    71    10 
- Cash at bank   58,285    31,154    4,514 
- Short-term deposits   —      470    71 
               
 Total Cash and cash equivalent   58,359    31,695    4,595 
                

The carrying amounts of the Group’s cash and cash equivalents are denominated in the following currencies:

              
    December 31, 
    2021   2022   2022 
    CNY   CNY   US$ 
              
 CNY    37,333    24,709    3,582 
 US$    20,011    6,255    907 
 HK$    1,015    731    106 
                  
      58,359    31,695    4,595 
                  

 

Cash at banks earns interest at floating rates based on daily bank deposit rates. The bank balances and time deposits are deposited with creditworthy banks with no recent history of default.

 

As of December 31, 2022, the Group has pledged its short-term deposits to fulfil collateral requirements of a bank guarantee related to a new bidding associated with a potential business opportunity of construction projects.