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Taxation (Tables)
12 Months Ended
Dec. 31, 2020
Taxation  
Schedule of income tax expenses and benefits

For the year ended December 31, 

2018

2019

2020

Overseas

PRC

Overseas

PRC

Overseas

PRC

 

entities 

entities 

Total

entities 

entities 

Total

entities 

entities 

Total

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

    

RMB

Income/(loss) before income tax expenses

 

13,490

 

(426,304)

 

(412,814)

 

61,124

 

(160,476)

 

(99,352)

 

25,645

 

117,216

 

142,861

Current income tax expenses

 

3,807

 

 

3,807

 

5,221

 

 

5,221

 

5,802

 

28

 

5,830

Deferred income tax expenses/(benefits)

 

176

 

(103)

 

73

 

(132)

 

(21)

 

(153)

 

(247)

 

(9,684)

 

(9,931)

Income tax expenses/(benefits)

 

3,983

 

(103)

 

3,880

 

5,089

 

(21)

 

5,068

 

5,555

 

(9,656)

 

(4,101)

Schedule of combined effects of income tax exemption and reduction available to the Group

Year Ended December 31, 

     

2018

    

2019

    

2020

Tax holiday effect

1,385

 

622

 

(13,163)

Basic and diluted loss per share effect

0.00

 

0.00

 

(0.04)

Schedule of reconciliation of differences between PRC statutory tax rate and effective tax rate

As of December 31, 

 

    

2018

    

2019

    

2020

 

PRC statutory tax rate

 

25.00

%

25.00

%

25.00

%

Effect on tax rates in different tax jurisdiction

 

(0.78)

%

0.08

%

(0.44)

%

Effect on tax holiday

0.34

%

0.99

%

9.21

%

Changes in valuation allowance

 

(8.14)

%

(16.91)

%

(38.91)

%

Permanent book-tax differences—non-deductible expenses

(17.36)

%

(14.26)

%

2.27

%

Effective tax rate

 

(0.94)

%

(5.10)

%

(2.87)

%

Schedule of significant components of deferred tax assets and deferred tax liabilities

As of December 31, 

2019

2020

    

RMB

    

RMB

Deferred tax assets

 

  

 

  

Tax loss carryforwards

 

241,136

 

175,198

Accruals and other liabilities

 

3,458

 

6,414

Advertising expenses carryforwards

 

73,182

 

83,290

Share based compensation

2,856

Intra-company intangible assets transfer

11,946

Defined benefits liabilities

337

584

Total deferred tax assets

 

318,113

 

280,288

Less: Deferred tax liabilities - deffered sales commissions

(42,143)

(49,968)

Less: Valuation allowance

 

(275,633)

 

(220,052)

Total deferred tax assets, net

 

337

 

10,268

Schedule of movement of valuation allowance

For the year ended December 31, 

2019

2020

    

RMB

    

RMB

Balance at beginning of the year

 

(258,835)

 

(275,633)

Provision

(25,727)

(50,258)

Current period reversal

 

8,929

 

105,839

Balance at end of the year

 

(275,633)

 

(220,052)