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CONSOLIDATED CASH FLOWS STATEMENT
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
CNY (¥)
¥ / $
Dec. 31, 2019
USD ($)
¥ / $
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Cash flows from operating activities        
Cash generated from operations ¥ 2,748,668 $ 394,821 [1] ¥ 3,600,022 ¥ 2,962,704
Income tax paid (353,423) (50,766) [1] (338,620) (327,865)
Net cash generated from operating activities 2,395,245 344,055 [1] 3,261,402 2,634,839
Cash flows from investing activities        
Payments for acquisition of fixed assets, construction-in-progress and prepayment for fixed assets, net of related payables (2,441,116) (350,644) [1] (2,683,053) (2,273,426)
Proceeds from disposal of fixed assets 3,036 436 [1] 392 527
Advances received from disposal of assets 263,943 37,913 [1] 587,123 0
Interest received 857 123 [1] 1,765 1,779
Payment of investment (29,799) (4,280) [1] (24,832) 0
Decrease in short-term deposits with maturities more than three months, net 109,000 15,657 [1] (1,000) 0
Dividends received 7,047 1,012 [1] 6,473 6,473
Net cash used in investing activities (2,087,032) (299,783) [1] (2,113,132) (2,264,647)
Cash flows from financing activities        
Transactions with non-controlling interests 0 0 [1] (3,349) 0
Dividends paid to the Company's shareholders (425,012) (61,049) [1] (566,683) (569,333)
Payments of lease liabilities (59,620) (8,564) [1] 0 0
Net cash used in financing activities (484,632) (69,613) [1] (570,032) (569,333)
Net increase/(decrease) in cash and cash equivalents (176,419) (25,341) [1] 578,238 (199,141)
Cash and cash equivalents at beginning of year 1,738,753 249,756 [1] 1,160,515 1,359,656
Cash and cash equivalents at end of year ¥ 1,562,334 $ 224,415 [1] ¥ 1,738,753 ¥ 1,160,515
Closing foreign exchange rate 6.9618 6.9618    
[1] Translation of amounts from Renminbi ("RMB") into United States dollars ("US$") for the convenience of the reader has been made at US$1.00=RMB6.9618, the certified exchange rates for December 31, 2019 as published by the Federal Reserve Board of the United States. No representation is made that the RMB amounts could have been, or could be, converted into US$ at that rate on December 31, 2019 or on any other date.