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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Dec. 31, 2019
CNY (¥)
¥ / shares
shares
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS        
Net revenues (including related party revenues of RMB 1,032,455, RMB 1,967,723 and RMB 3,008,947 for the years ended December 31, 2018, 2019 and 2020, respectively) $ 879,692 ¥ 5,739,989 ¥ 3,099,698 ¥ 1,922,015
Costs and expenses        
Operations and support (723,573) (4,721,311) (2,845,872) (2,044,139)
Selling and marketing (283,331) (1,848,730) (1,414,540) (1,223,345)
General and administrative (76,448) (498,826) (281,376) (282,539)
Research and development (65,724) (428,849) (333,844) (270,163)
Other operating expenses (10,289) (67,137) (49,669) (97,179)
Total costs and expenses (1,159,365) (7,564,853) (4,925,301) (3,917,365)
Other operating income 9,315 60,779 75,884 18,875
Loss from operations (270,358) (1,764,085) (1,749,719) (1,976,475)
Other income (expenses)        
Interest income 10,053 65,596 84,276 53,111
Interest expenses (1,813) (11,830)   (3,122)
Foreign exchange gain (loss)     (13,370) 7,151
Fair value change in foreign currency forward contract       13,463
Total other income 8,240 53,766 70,906 70,603
Loss before income tax benefits (262,118) (1,710,319) (1,678,813) (1,905,872)
Income tax benefits 788 5,143 9,032 27,497
Net loss and net loss attributable to the Company (261,330) (1,705,176) (1,669,781) (1,878,375)
Accretion of convertible redeemable preferred shares (57,571) (375,649) (795,015) (511,646)
Net loss available to ordinary shareholders $ (318,901) ¥ (2,080,825) ¥ (2,464,796) ¥ (2,390,021)
Net loss per ordinary share:        
Basic and diluted | (per share) $ (0.48) ¥ (3.12) ¥ (6.80) ¥ (6.64)
Weighted average shares used in calculating net loss per ordinary share:        
Basic and diluted | shares 667,844,843 667,844,843 362,644,898 360,002,151
Net loss $ (261,330) ¥ (1,705,176) ¥ (1,669,781) ¥ (1,878,375)
Other comprehensive income (loss)        
Foreign currency translation adjustments, net of tax of nil for each of the years ended December 31, 2018, 2019 and 2020 (32,178) (209,963) (446) 36,974
Total comprehensive loss $ (293,508) ¥ (1,915,139) ¥ (1,670,227) ¥ (1,841,401)