Additional Information - Condensed Financial Information of the Parent Company |
12.Additional Information – Condensed Financial Information of the Parent Company Unaudited condensed statements of operations and comprehensive loss: | | | | | | | | | For the six months ended June 30, | | | 2021 | | 2022 | | | RMB | | RMB | | US$ | Operating expenses: | | | | | | | Selling and marketing expenses | | (18) | | — | | — | General and administrative expenses | | (3,366) | | (2,950) | | (440) | Total operating expenses | | (3,384) | | (2,950) | | (440) | Interest income, net | | 202 | | 55 | | 8 | Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs | | (19,667) | | (53,527) | | (7,991) | Others, net | | 253 | | 256 | | 40 | Net loss | | (22,596) | | (56,166) | | (8,383) | Other comprehensive (loss)/income: | | | | | | | Foreign currency translation adjustments | | (1,603) | | 88 | | 13 | Total comprehensive loss | | (24,199) | | (56,078) | | (8,370) |
12. | Additional Information – Condensed Financial Information of the Parent Company (Continued) |
Condensed balance sheets: | | | | | | | | | As of December 31, | | As of June 30, | | | 2021 | | 2022 | | | RMB | | RMB | | US$ | | | | | (Unaudited) | | (Unaudited) | ASSETS | | | | | | | Current assets: | | | | | | | Cash and cash equivalents | | 41,811 | | 10,106 | | 1,509 | Prepayment and other current assets | | 1,016 | | 1,195 | | 178 | Receivables due from subsidiaries, VIEs and subsidiaries of VIEs | | 106,845 | | 113,414 | | 16,932 | Total current assets | | 149,672 | | 124,715 | | 18,619 | Non-current assets: | | | | | | | Investments in subsidiaries, VIEs and subsidiaries of VIEs | | 52,139 | | 27,482 | | 4,103 | Total non-current assets | | 52,139 | | 27,482 | | 4,103 | TOTAL ASSETS | | 201,811 | | 152,197 | | 22,722 | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | Current liabilities: | | | | | | | Other taxes payable | | 6,081 | | 6,401 | | 956 | Other current liabilities | | 360 | | 1,673 | | 250 | Total current liabilities | | 6,441 | | 8,074 | | 1,206 | Non-current liabilities: | | | | | | | Other non-current liabilities | | 957 | | 743 | | 110 | Total non-current liabilities | | 957 | | 743 | | 110 | TOTAL LIABILITIES | | 7,398 | | 8,817 | | 1,316 | SHAREHOLDERS’ EQUITY | | | | | | | Class A ordinary shares | | 182 | | 183 | | 28 | Class B ordinary shares | | 35 | | 35 | | 5 | Treasury stock | | (45,886) | | (45,886) | | (6,851) | Additional paid-in capital | | 1,231,135 | | 1,236,179 | | 184,557 | Accumulated deficit | | (983,645) | | (1,039,811) | | (155,240) | Accumulated other comprehensive loss | | (7,408) | | (7,320) | | (1,093) | TOTAL SHAREHOLDERS’ EQUITY | | 194,413 | | 143,380 | | 21,406 | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | | 201,811 | | 152,197 | | 22,722 |
Unaudited condensed statements of cash flows: | | | | | | | | | For the six months ended June 30, | | | 2021 | | 2022 | | | RMB | | RMB | | US$ | Net cash used in operating activities | | (531) | | (1,248) | | (186) | Cash flows from investing activities: | | | | | | | Cash paid for investments in subsidiaries, VIEs and subsidiaries of VIEs | | (6,463) | | (31,769) | | (4,743) | Cash received from maturity of time deposits | | 45,674 | | — | | — | Net cash/generated from/(used in) investing activities | | 39,211 | | (31,769) | | (4,743) | Cash flows from financing activities: | | | | | | | Net cash generated from financing activities | | — | | — | | — | Effect of exchange rate changes on cash and cash equivalents | | (880) | | 1,312 | | 196 | Net increase/(decrease) in cash and cash equivalents | | 37,800 | | (31,705) | | (4,733) | Cash and cash equivalents at the beginning of the period | | 46,501 | | 41,811 | | 6,242 | Cash and cash equivalents at the end of the period | | 84,301 | | 10,106 | | 1,509 |
12.Additional Information – Condensed Financial Information of the Parent Company (Continued) Basis of presentation The Company’s accounting policies are the same as the Group’s accounting policies with the exception of the accounting for the investments in subsidiaries, VIEs and subsidiaries of VIEs. For the Company only condensed financial information, the Company records its investments in subsidiaries, VIEs and subsidiaries of VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Condensed balance sheets as “Investments in subsidiaries, VIEs and subsidiaries of VIEs” and shares in the subsidiaries, VIEs and subsidiaries of VIEs’ loss are presented as “Equity in loss of subsidiaries, VIEs and subsidiaries of VIEs” on the Condensed statements of operations and comprehensive loss. The parent company only condensed financial information should be read in conjunction with the Group’ condensed consolidated financial statements.
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