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CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flow from operating activities      
Profit before income taxes ¥ 58,616 ¥ 26,188 ¥ 44,376
Adjustments for:      
Depreciation of property and equipment 2,944 818 441
Amortization of intangible assets 2 0 0
Gain on disposal of property and equipment (174) 0 0
Share-based compensation 75 689 0
Credit impairment losses 24,694 66,904 3,580
Operating profit before changes in working capital 86,157 94,599 48,397
Interest receivables 7,057 4,933 (19,487)
Loan receivables (70,131) (79,577) (121,040)
Prepaid expenses and others 743 (555) 10,673
Advance from customers 0 (142) (457)
Salary and benefit payable 3,850 (2,012) 1,254
Interest payable 12,584 1,310 602
Other payable (25,183) 9,386 24,032
Net cash (used)/generated by operating activities 15,077 27,942 (56,026)
Income tax paid 0 (676) (14,393)
Net cash (used)/generated by operating activities 15,077 27,266 (70,419)
Cash flow from investing activities      
Payment for intangible asset 0 (9) 0
Proceeds from disposal of property and equipment 195 0 0
Payment for property and equipment (271) (18,376) 0
Prepayment for a property 0 0 (14,928)
Net cash used in investing activities (76) (18,385) (14,928)
Cash flow from financing activities      
Share issuance expenses 0 0 (15,627)
Proceeds received from related party loans 17,434 88,000 0
Repayments of related party loans (14,693) (8,500) 0
Proceeds received from shareholders' loans 13,000 5,000 52,600
Repayments of shareholders' loans (3,000) (5,000) (42,600)
Proceeds received from loans payable 48,142 308,629 363,700
Repayments of loans payable (79,345) (414,924) (347,800)
Net cash generated/(used) by financing activities (18,462) (26,795) 10,273
Net decrease in cash, cash equivalents and restricted cash (3,461) (17,914) (75,074)
Cash and cash equivalents at beginning of year 3,188 21,717 96,791
Exchange losses on cash, cash equivalents and restricted cash 405 (615) 0
Cash, cash equivalents and restricted cash at end of year 132 3,188 21,717
Net cash (used)/generated by operating activities include      
Interest received 3,307 98,185 107,086
Interest paid (3,709) (25,769) (27,202)
Foreclosure of a pledged property 0 (18,000) 0
Net cash generated/(used) by financing activities      
Loans receivable novated to a related party to offset its related party loans to the Company ¥ 40,216 ¥ 0 ¥ 0