CONDENSED FINANCIAL INFORMATION OF THE COMPANY

12 Months Ended

Dec. 31, 2020

Disclosure of condensed financial information of company [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

25.

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

The following is the condensed financial information of the Company on a non-consolidated basis:

CONDENSED STATEMENTS OF FINANCIAL POSITION

	December 31,
	2019		2020		2020
	CNY		CNY		US$
ASSETS
NON-CURRENT ASSETS
Right-of-use assets	—		1,079		165
CURRENT ASSETS
Amounts due from subsidiaries		15,816		9,404		1,441
Cash and cash equivalents		811		58		9
Financial assets at fair value through profit or loss		—		138,674		21,234
TOTAL CURRENT ASSETS		16,627		148,136		22,684
TOTAL ASSETS		16,627		149,215		22,849

	December 31,
	2019			2020			2020
	CNY			CNY			US$
LIABILITIES AND EQUITY
NON-CURRENT LIABILITIES
Lease liabilities		—			347			53
Deferred tax liabilities		—			9,964			1,526
TOTAL NON-CURRENT LIABILITIES		—			10,311			1,579
CURRENT LIABILITIES
Other payables and accrued liabilities		1,462			2,273			347
Lease liabilities		—			745			114
Due to the Shareholder		7,097			7,149			1,095
Due to related companies					2,780			425
TOTAL CURRENT LIABILITIES		8,559			12,947			1,981
TOTAL LIABILITIES		8,559			23,258			3,560
EQUITY
Issued capital		290,179			368,395			56,411
Other capital reserves		823,581			847,839			129,826
Accumulated losses		(1,095,446	)		(1,074,563	)		(164,543	)
Other comprehensive loss		(10,246	)		(15,714	)		(2,405	)
TOTAL EQUITY		8,068			125,957			19,289
TOTAL LIABILITIES AND EQUITY		16,627			149,215			22,849

CONDENSED STATEMENTS OF PROFIT OR LOSS

	December 31,
	2018			2019			2020			2020
	CNY			CNY			CNY			US$
Administrative expenses		(3,794	)		(3,814	)		(5,243	)		(803	)
Finance costs		—			—			(38	)		(6	)
Interest income		—			1			—			—
Fair value gains on financial asset at fair value through profit or loss		—			—			31,334			4,798
(Loss)/profit before income tax		(3,794	)		(3,813	)		26,053			3,989
Income tax expense		—			—			(5,170	)		(792	)
(Loss)/profit for the year		(3,794	)		(3,813	)		20,883			3,197

CONDENSED STATEMENTS OF CASH FLOWS

	December 31,
	2018			2019			2020			2020
	CNY			CNY			CNY			US$
Net cash flows used in operating activities		(5,200	)		(3,294	)		(3,269	)		(501	)
Net cash flows from/(used in) investing activities		10,243			(21	)		(216	)		(33	)
Net cash flows (used in)/from financing activities		(15,811	)		—			1,982			303
NET DECREASE IN CASH		(10,768	)		(3,315	)		(1,503	)		(231	)
CASH AT BEGINNING OF THE YEAR		13,912			4,122			811			124
Net foreign exchange differences		978			4			750			116
CASH AT END OF THE YEAR		4,122			811			58			9

The above financial statements have been provided pursuant to the requirements of Rule 12-04(a) and 4-08(e)(3) of Regulation S-X, which require the presentation of condensed financial information as to the financial position, results of operations and cash flows of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of the consolidated and unconsolidated subsidiaries and the parent's equity in the undistributed earnings of 50 percent or less owned persons, accounted for by the equity method, together exceed 25 percent of the consolidated net assets as of the end of the most recently completed fiscal year. As of December 31, 2020, CNY12.99 million (US$1.99 million) of the restricted capital and reserves were not available for distribution, and therefore, the condensed financial information of the Company has been presented for the years ended December 31, 2018, 2019 and 2020.

In the parent-company-only financial statements, the Company's investments in subsidiaries are stated at cost less accumulated impairment. The carrying amount of the investment in subsidiaries as of December 31, 2019 and 2020 was nil. The parent-company-only financial statements should be read in conjunction with the Company's consolidated financial statements.

The Company does not have any significant commitments or long-term obligations as of any of the years presented, except for those disclosed in the consolidated financial statements.

During the years ended December 31, 2018, 2019 and 2020, no cash dividends were declared and paid by the Company.