DISPOSAL OF A SUBSIDIARY (Tables)

12 Months Ended

Dec. 31, 2021

Disposal Of Subsidiary

Schedule of net assets of the disposed subsidiary

	Date of disposal
	CNY			US$
Other receivables		114,766			18,057
Cash and cash equivalents		263			41
Other payables and accruals		(1,062	)		(167	)
Taxes payable		(10,200	)		(1,605	)
Net assets subject to disposal		103,767			16,326
Consideration		103,767			16,326
Net impact		—			—

The disposal consideration receivable was fully realized by offsetting amounts due to Feishang Energy under a series of creditor right transfer agreements.

An analysis of the cash flow in respect of the disposal of Yangpu Lianzhong is as follows:

	CNY			US$
Cash consideration		—			—
Cash and bank balances disposed		(263	)		(41	)
Net outflow of cash and cash equivalents included in cash flows from investing activities		(263	)		(41	)