CONDENSED FINANCIAL INFORMATION OF THE COMPANY

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Of Company

CONDENSED FINANCIAL INFORMATION OF THE COMPANY

32. CONDENSED FINANCIAL INFORMATION OF THE COMPANY

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

(a) Condensed statements of financial position

	December 31,
	2021		2022		2022
	CNY		CNY		US$
ASSETS
NON-CURRENT ASSETS
Right-of-use assets		360		1,012		147
TOTAL NON-CURRENT ASSETS		360		1,012		147
CURRENT ASSETS
Amounts due from subsidiaries		136,120		151,138		21,911
Cash and cash equivalents		17,017		5,447		790
TOTAL CURRENT ASSETS		153,137		156,585		22,701
TOTAL ASSETS		153,497		157,597		22,848

	December 31,
	2021			2022			2022
	CNY			CNY			US$
LIABILITIES AND EQUITY
NON-CURRENT LIABILITIES
Lease liabilities		—			351			51
TOTAL NON-CURRENT LIABILITIES		—			351			51
CURRENT LIABILITIES
Other payables and accruals		4,335			5,543			804
Due to related companies		2,690			2,913			422
Lease liabilities		373			671			97
Derivative financial liabilities		1,710			824			119
TOTAL CURRENT LIABILITIES		9,108			9,951			1,442
TOTAL LIABILITIES		9,108			10,302			1,493
EQUITY
Issued capital		428,882			428,882			62,176
Other capital reserves		860,168			876,377			127,050
Accumulated losses		(1,118,038	)		(1,140,934	)		(165,403	)
Other comprehensive loss		(26,623	)		(17,030	)		(2,468	)
TOTAL EQUITY		144,389			147,295			21,355
TOTAL LIABILITIES AND EQUITY		153,497			157,597			22,848

(b) Condensed statements of profit or loss

	Year Ended December 31,
	2020			2021			2022			2022
	CNY			CNY			CNY			US$
Administrative expenses		(5,243	)		(10,059	)		(24,123	)		(3,497	)
Finance costs		(38	)		(162	)		215			31
Interest income		—			—			5			1
Fair value gain/(loss) on financial instruments, net		31,334			(38,349	)		1,007			146
Profit/(loss) before income tax		26,053			(48,570	)		(22,896	)		(3,319	)
Income tax (expense)/benefit		(5,170	)		5,095			—			—
Profit/(loss) for the year		20,883			(43,475	)		(22,896	)		(3,319	)

(c) Condensed statements of cash flows

	Year Ended December 31,
	2020			2021			2022			2022
	CNY			CNY			CNY			US$
Net cash flows used in operating activities		(3,269	)		(6,076	)		(5,469	)		(793	)
Net cash flows used in investing activities		(216	)		(10,297	)		(59	)		(9	)
Net cash flows from/(used in) financing activities		1,982			34,089			(7,581	)		(1,099	)
NET (DECREASE)/INCREASE IN CASH		(1,503	)		17,716			(13,109	)		(1,901	)
CASH AT BEGINNING OF THE YEAR		811			58			17,017			2,467
Net foreign exchange differences		750			(757	)		1,539			223
CASH AT END OF THE YEAR		58			17,017			5,447			789

The above financial statements have been provided pursuant to the requirements of Rules 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% or less owned persons, accounted for by the equity method, together exceed 25% of the consolidated net assets as of the end of the most recently completed fiscal year. As of December 31, 2022, CNY176,808 (US$25,632) 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, 2020, 2021 and 2022.

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, 2021 and 2022 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, 2020, 2021 and 2022, no cash dividends were declared and paid by the Company.