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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2019
SEGMENT REPORTING  
SEGMENT REPORTING

24.  SEGMENT REPORTING

As of December 31, 2016, the operations of the Company are organized into two segments, consisting of the hosting and related services and managed network services. The Company derives the results of the segments directly from its internal management reporting system. The CODM measures the performance of each segment based on metrics of revenue and earnings from operations and uses these results to evaluate the performance of, and to allocate resources to, each of the segments. After disposal of WiFire Entities and Aipu Group in September 2017 (Note 4), the Company had only one reporting segment as of December 31, 2017, 2018 and 2019.

Because substantially all of the Company’s long-lived assets and revenues are located in and derived from the PRC, geographical segments are not presented.

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended December 31, 

 

 

2017

 

2018

 

2019

 

    

RMB

    

RMB

    

RMB

    

US$

Hosting and related services

 

  

 

  

 

  

 

  

Revenues

 

2,975,178

 

3,401,037

 

3,788,967

 

544,251

Cost

 

(2,130,279)

 

(2,456,166)

 

(2,849,518)

 

(409,308)

Gross profit

 

844,899

 

944,871

 

939,449

 

134,943

Operating income (expenses)

 

  

 

  

 

 

 

 

Operating income

 

5,439

 

5,027

 

6,862

 

986

Sales and marketing expenses

 

(171,761)

 

(172,176)

 

(206,309)

 

(29,634)

Research and development expenses

 

(97,597)

 

(92,109)

 

(88,792)

 

(12,754)

General and administrative expenses

 

(417,154)

 

(462,637)

 

(415,277)

 

(59,651)

(Allowance) reversal for doubtful debt

 

(6,257)

 

598

 

(1,557)

 

(224)

Impairment of receivables from equity investees

 

 —

 

 —

 

(52,142)

 

(7,490)

Changes in the fair value of contingent purchase consideration payables

 

(937)

 

13,905

 

 —

 

 —

Operating profit

 

156,632

 

237,479

 

182,234

 

26,176

Managed network services

 

  

 

  

 

 

 

 

Revenues

 

417,527

 

 —

 

 —

 

 —

Cost

 

(504,016)

 

 —

 

 —

 

 —

Gross loss

 

(86,489)

 

 —

 

 —

 

 —

Operating expenses

 

 

 

 

 

 —

 

 —

Sales and marketing expenses

 

(84,921)

 

 —

 

 —

 

 —

Research and development expenses

 

(51,546)

 

 —

 

 —

 

 —

General and administrative expenses

 

(102,796)

 

 —

 

 —

 

 —

Allowance for doubtful debt

 

(31,170)

 

 —

 

 —

 

 —

Impairment of goodwill

 

(766,440)

 

 —

 

 —

 

 —

Impairment of long-lived assets

 

(401,808)

 

 —

 

 —

 

 —

Operating loss

 

(1,525,170)

 

 —

 

 —

 

 —

Group consolidated revenue

 

3,392,705

 

3,401,037

 

3,788,967

 

544,251

Group consolidated operating (loss) profit

 

(1,368,538)

 

237,479

 

182,234

 

26,176