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Condensed Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Jun. 30, 2021
CNY (¥)
Jun. 30, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Current assets:          
Cash and cash equivalents ¥ 306,136 $ 47,414 ¥ 348,064 $ 53,343 ¥ 175,774
Restricted cash 67,861 10,510 52,199 8,000
Term deposits 4,760 737 47,710 7,312 41,715
Short-term investments 10,230 1,584 5,900 904 37,930
Accounts receivable, net of allowance 135,483 20,984 125,359 19,212 86,200
Prepaid expenses and other current assets 178,467 27,641 163,401 25,039 135,830
Amounts due from related parties, current 22,440 3,476 24,504 3,755 52,611
Held-for-sale asset     356,233
Total current assets 725,377 112,346 767,137 117,565 886,293
Non-current assets          
Restricted cash 527 81 20,527
Long-term investments 22,407 3,470 9,051 1,387 29,329
Property and equipment, net 316,875 49,078 350,980 53,790 567,844
Right-of-use assets, net 719,568 111,447 879,348 134,766 1,851,729
Intangible assets, net 23,961 3,711 28,420 4,356 40,105
Goodwill 1,533,485 237,507 1,533,485 235,017 1,533,485
Rental deposit 54,454 8,431 61,170 9,375 98,486
Long-term prepaid expenses 113,176 17,529 113,271 17,360 116,363
Amounts due from related parties, non-current 498 77 297 46 884
Other assets, non-current 194,444 30,116 194,444 29,800 185
Total non-current assets 2,978,868 461,366 3,170,993 485,978 4,258,937
TOTAL ASSETS 3,704,245 573,712 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 74,908 11,602 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 4,251 658 3,618 554 14,390
Note payable (including Note payable of the consolidated VIEs without recourse to the Company 14,000 2,168 12,105 1,855
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Company 228,148 35,336 272,299 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 215,656 33,401 263,997 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 50,901 7,884 92,737 14,213 43,251
Advance workspace membership fee (including advance workspace membership fee of the consolidated VIEs without recourse to the Company 56,102 8,689 53,667 8,225 99,226
Contract liabilities (including contract liabilities of the consolidated VIEs without recourse to the Company 25,622 3,968 14,833 2,273 23,875
Income taxes payable (including income tax payable of the consolidated VIEs without recourse to the Company 706 109 1,366 209 325
Deferred subsidy income (including deferred subsidiary income of the consolidated VIEs without recourse to the Company 8,570 1,327 9,562 1,465 11,974
Convertible bond (including convertible bond of the consolidated VIEs without recourse to the Company     69,762
Held-for-sale liabilities (including held-for-sale liabilities, current of the consolidated VIEs without recourse to the Company     32,514
Lease liabilities, current (including lease liabilities, current of the consolidated VIEs without recourse to the Company 329,096 50,970 365,049 55,946 589,467
Total current liabilities 1,007,960 156,112 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 12,800 1,982 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 21,095 3,267 16,477 2,525 14,308
Deferred tax liabilities (including deferred tax liability of the consolidated VIEs without recourse to the Company 1,101 171 1,543 236 2,427
Lease liabilities, non-current (including lease liabilities, non-current of the consolidated VIEs without recourse to the Company 448,329 69,437 580,562 88,975 1,393,691
Total non-current liabilities 521,681 80,797 613,824 94,072 1,415,426
TOTAL LIABILITIES 1,529,641 236,909 1,752,514 268,583 3,041,116
Commitments and contingencies (Note
SHAREHOLDERS’ EQUITY          
Additional paid-in capital 4,514,146 [1] 699,152 [1] 4,230,656 [1] 648,376 3,645,669
Statutory reserves 5,065 784 5,065 776 3,827
Accumulated deficit (2,538,327) (393,137) (2,240,205) (343,326) (1,750,475)
Accumulated other comprehensive (loss) income 2,709 420 4,742 727 (926)
Total Ucommune International Ltd. shareholders’ equity 1,983,653 307,228 2,000,313 306,561 1,898,139
Noncontrolling interests 190,951 29,575 185,303 28,399 205,975
TOTAL EQUITY 2,174,604 336,803 2,185,616 334,960 2,104,114
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,704,245 573,712 3,938,130 603,543 5,145,230
Non-current liabilities:          
Warrant liability 38,356 5,940    
Common Class A          
SHAREHOLDERS’ EQUITY          
Class A ordinary shares 54 [1] 8 [1] 49 [1] 7 44
Class B ordinary shares 54 [1] 8 [1] 49 [1] 7 44
Common Class B          
SHAREHOLDERS’ EQUITY          
Class A ordinary shares 6 [1] 1 [1] 6 [1] 1
Class B ordinary shares ¥ 6 [1] $ 1 [1] ¥ 6 [1] $ 1
[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)