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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 348,064 $ 53,343 ¥ 175,774
Restricted cash 52,199 8,000
Term deposits 47,710 7,312 41,715
Short-term investments 5,900 904 37,930
Accounts receivable, net of allowance of RMB 11,190 and RMB19,240 as of December 31, 2019 and 2020, respectively 125,359 19,212 86,200
Prepaid expenses and other current assets 163,401 25,039 135,830
Amounts due from related parties, current 24,504 3,755 52,611
Held-for-sale asset 356,233
Total current assets 767,137 117,565 886,293
Non-current assets      
Restricted cash 527 81 20,527
Long-term investments 9,051 1,387 29,329
Property and equipment, net 350,980 53,790 567,844
Right-of-use assets, net 879,348 134,766 1,851,729
Intangible assets, net 28,420 4,356 40,105
Goodwill 1,533,485 235,017 1,533,485
Rental deposit 61,170 9,375 98,486
Long-term prepaid expenses 113,271 17,360 116,363
Amounts due from related parties, non-current 297 46 884
Other assets, non-current 194,444 29,800 185
Total non-current assets 3,170,993 485,978 4,258,937
TOTAL ASSETS 3,938,130 603,543 5,145,230
Current liabilities:      
Short-term borrowings (including short-term borrowings of the consolidated VIEs without recourse to the Company of RMB 117,568 and RMB49,457 as of December 31, 2019 and 2020) 49,457 7,580 138,647
Long-term borrowings, current portion (including long-term borrowings, current portion of the consolidated VIEs without recourse to the Company of RMB9,500 and RMB3,618 as of December 31, 2019 and 2020) 3,618 554 14,390
Note payable (including Note payable of the consolidated VIEs without recourse to the Company of nil and RMB12,105 as of December 31, 2019 and 2020) 12,105 1,855
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Company of RMB 317,816 and RMB267,558 as of December 31, 2019 and 2020) 272,299 41,732 325,682
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Company of RMB 243,360 and RMB 226,256 as of December 31, 2019 and 2020) 263,997 40,459 276,577
Amounts due to related parties, current (including amounts due to related parties, current of the consolidated VIEs without recourse to the Company of RMB 43,251 and RMB92,737 as of December 31, 2019 and 2020) 92,737 14,213 43,251
Advance workspace membership fee (including advance workspace membership fee of the consolidated VIEs without recourse to the Company of RMB 92,412 and RMB50,858 as of December 31, 2019 and 2020) 53,667 8,225 99,226
Contract liabilities (including contract liabilities of the consolidated VIEs without recourse to the Company of RMB 23,875 and RMB14,833 as of December 31, 2019 and 2020) 14,833 2,273 23,875
Income taxes payable (including income tax payable of the consolidated VIEs without recourse to the Company of RMB 325 and RMB301 as of December 31, 2019 and 2020) 1,366 209 325
Deferred subsidy income (including deferred subsidiary income of the consolidated VIEs without recourse to the Company of RMB 11,974 and RMB9,562 as of December 31, 2019 and 2020) 9,562 1,465 11,974
Convertible bond (including convertible bond of the consolidated VIEs without recourse to the Company of nil and nil as of December 31, 2019 and 2020) 69,762
Held-for-sale liabilities (including held-for-sale liabilities, current of the consolidated VIEs without recourse to the Company of 32,514 and nil as of December 31, 2019 and 2020) 32,514
Lease liabilities, current (including lease liabilities, current of the consolidated VIEs without recourse to the Company of RMB 557,647 and RMB351,225 as of December 31, 2019 and 2020) 365,049 55,946 589,467
Total current liabilities 1,138,690 174,511 1,625,690
Non-current liabilities:      
Long-term borrowings (including long-term borrowings of the consolidated VIEs without recourse to the Company of RMB 5,000 and RMB15,242 as of December 31, 2019 and 2020) 15,242 2,336 5,000
Refundable deposits from members, non-current (including refundable deposits from members, non-current of the consolidated VIEs without recourse to the Company of RMB 14,308 and RMB16,477 as of December 31, 2019 and 2020) 16,477 2,525 14,308
Deferred tax liabilities (including deferred tax liability of the consolidated VIEs without recourse to the Company of RMB 2,427 and RMB1,543 as of December 31, 2019 and 2020) 1,543 236 2,427
Lease liabilities, non-current (including lease liabilities, non-current of the consolidated VIEs without recourse to the Company of RMB 1,345,623 and RMB553,034 as of December 31, 2019 and 2020) 580,562 88,975 1,393,691
Total non-current liabilities 613,824 94,072 1,415,426
TOTAL LIABILITIES 1,752,514 268,583 3,041,116
Commitments and contingencies (Note 23)
SHAREHOLDERS’ EQUITY      
Class A ordinary shares (400,000,000 and 400,000,000 authorized, 62,811,334 and 70,999,436 issued and outstanding as of December 31, 2019 and, 2020, with par value of US$0.0001 and US$0.00, respectively) [1] 49 7 44
Class B ordinary shares (100,000,000 and 100,000,000 authorized, nil and 9,452,407 issued and outstanding as of December 31, 2019 and, 2020, with par value of US$0.0001 and US$0.00, respectively) [1] 6 1
Additional paid-in capital [1] 4,230,656 648,376 3,645,669
Statutory reserves 5,065 776 3,827
Accumulated deficit (2,240,205) (343,326) (1,750,475)
Accumulated other comprehensive (loss) income 4,742 727 (926)
Total Ucommune International Ltd. shareholders' equity 2,000,313 306,561 1,898,139
Noncontrolling interests 185,303 28,399 205,975
TOTAL EQUITY 2,185,616 334,960 2,104,114
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY ¥ 3,938,130 $ 603,543 ¥ 5,145,230
[1] Par value of ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1(a)