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Parent Only Information (Tables)
12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Schedule of condensed balance sheets

 

As of
December 31,

   

2019

 

2020

   

RMB

 

RMB

 

USD

           

(Note 2)

ASSETS

   

 

   

 

   

 

Current assets

   

 

   

 

   

 

Cash and cash equivalents

 

140

 

 

181,262

 

 

27,780

 

Amount due from inter-company

 

69,624

 

 

235,086

 

 

36,029

 

Other current assets

 

284

 

 

979

 

 

150

 

Non-current assets

   

 

   

 

   

 

Investment in subsidiaries

 

1,909,366

 

 

1,623,395

 

 

248,796

 

TOTAL ASSETS

 

1,979,414

 

 

2,040,722

 

 

312,755

 

     

 

   

 

   

 

LIABILITIES AND EQUITY

   

 

   

 

   

 

Total current liabilities

 

11,513

 

 

40,409

 

 

6,194

 

     

 

   

 

   

 

Non-current liabilities:

   

 

   

 

   

 

Convertible bond

 

69,762

 

 

 

 

 

TOTAL LIABILITIES

 

81,275

 

 

40,409

 

 

6,194

 

     

 

   

 

   

 

EQUITY

   

 

   

 

   

 

Class A ordinary shares (nil 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)

 

44

 

 

49

 

 

7

 

Class B ordinary shares (nil 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)

 

 

 

6

 

 

1

 

Additional paid-in capital

 

3,645,669

 

 

4,230,656

 

 

648,376

 

Accumulated deficit

 

(1,746,648

)

 

(2,235,140

)

 

(342,550

)

Accumulated other comprehensive loss

 

(926

)

 

4,742

 

 

727

 

TOTAL EQUITY

 

1,898,139

 

 

2,000,313

 

 

306,561

 

TOTAL LIABILITIES AND EQUITY

 

1,979,414

 

 

2,040,722

 

 

312,755

 

Schedule of condensed statements of operations and comprehensive loss

 

For the Years Ended
December 31,

   

2018

 

2019

 

2020

 

2020

   

RMB

 

RMB

 

RMB

 

USD

               

(Note 2

)

Loss from operations

 

 

 

(11,110

)

 

(42,702

)

 

(6,544

)

Loss from investment in subsidiaries

 

(429,592

)

 

(780,040

)

 

(445,790

)

 

(68,320

)

Net loss

 

(429,592

)

 

(791,150

)

 

(488,492

)

 

(74,864

)

Other comprehensive loss

 

(629

)

 

91

 

 

5,668

 

 

869

 

Total Comprehensive loss

 

(430,221

)

 

(791,059

)

 

(482,824

)

 

(73,995

)

Schedule of condensed statements of cash flows

 

For the Years Ended
December 31,

   

2018

 

2019

 

2020

 

2020

   

RMB

 

RMB

 

RMB

 

USD

               

(Note 2)

Net cash used in operating activities

 

 

(69,622

)

 

(179,963

)

 

(27,581

)

Net cash used in investing activities

 

 

 

 

 

 

 

Net cash provided by financing activities

 

 

69,762

 

 

375,462

 

 

57,542

 

Reverse recapitalization

 

 

 

 

39,162

 

 

6,002

 

Equity financing through PIPE

 

 

 

 

336,300

 

 

51,540

 

Cash received from convertible bond

 

 

69,762

 

 

 

 

 

Net increase in cash and cash equivalents

 

 

140

 

 

177,862

 

 

27,259

 

Cash and cash equivalents at beginning of the year

 

 

 

 

140

 

 

21

 

Cash and cash equivalents at end of the year

 

 

140

 

 

178,002

 

 

27,280