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EQUITY
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Equity    
EQUITY

 

19.EQUITY

 

(a)Issued capital

 

            
   December 31,   June 30, 
   2022   2023   2023 
   CNY   CNY   US$ 
   (Audited)   (Unaudited)   (Unaudited) 
             
Authorized:               
10,000,000 preferred shares, no par value                  
200,000,000 common shares, no par value                  
                
Common shares issued and fully paid:               
June 30, 2023: 8,197,897*, (December 31, 2022: 40,948,082) common shares, no par value   450,782    450,782    62,146 

 

 

               
   Number of shares   Share capital 
       CNY   US$ 
             
As of January 1, 2022   40,948,082    450,782    62,146 
                
Common shares issued through private placement                  
                
As of December 31, 2022 and January 1, 2023   40,948,082    450,782    62,146 
                
Effect of Five-to-One Share Combination*   (32,750,185)            
                
As of June 30, 2023   8,197,897    450,782    62,146 

 

* On April 3, 2023, the Company effected a share combination in which all of the Company's issued and outstanding ordinary shares were combined on a 5-to-1 basis. The basic and diluted earnings/(loss) per ordinary share has been retrospectively adjusted to reflect the impact of the share combination. All outstanding options, warrants and other rights to purchase the Company's common shares were adjusted proportionately as a result of the share combination.

 

(b)Other capital reserves

 

Other capital reserves of the Company are mainly for equity-settled share-based compensation, the exercise of stock options, the exercise of warrants, the business combination and the deemed contribution from the Shareholder of the Company and related companies.

 

 

25.EQUITY

 

(a)Issued capital
             
   December 31, 
   2021   2022   2022 
   CNY   CNY   US$ 
             
Authorized:               
10,000,000 preferred shares, no par value                  
200,000,000 common shares, no par value                  
                
Common shares issued and fully paid:               
December 31, 2022: 40,948,082* (December 31, 2021: 40,948,082) common shares, no par value   450,782    450,782    65,351 

 

* The numbers of common shares above are before giving effect to the Share Combination which became effective on April 3, 2023. Refer to Note 31 for further details. 

 

(b)Other capital reserves

           
    Other capital reserves 
    CNY    US$ 
           
As of January 1, 2021   787,987    114,236 
           
Deemed distribution to the controlling shareholder   (75,651)   (10,967)
Equity-settled share-based payment   2,311    335 
Others   4,463    647 
           
As of December 31, 2021   719,110    104,251 
           
As of January 1, 2022   719,110    104,251 
           
Equity inventive share-based payment (Note 27)   16,209    2,342 
           
As of December 31, 2022   735,319    106,600 

 

Other capital reserves of the Company are mainly for equity-settled share-based compensation, the exercise of stock options, the exercise of warrants, the business combination and the deemed contribution from the Shareholder and related companies.

 

(c)Dividend restrictions and reserves

 

Due to the Group's structure, the payment of dividends is subject to numerous controls imposed under PRC law, including foreign exchange control on the conversion of the local currency into U.S. dollars and other currencies.

 

In accordance with the relevant PRC regulations, appropriations of net income as reflected in its PRC statutory financial statements are to be allocated to each of the general reserve and enterprise expansion reserve, respectively, as determined by the resolution of the Board of Directors annually.