| Condensed Balance Sheets |
CONDENSED BALANCE SHEETS
|
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|
|
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| |
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December 31, |
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| |
|
2016 |
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|
2017 |
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| |
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
ASSETS
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Current assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
57,505 |
|
|
|
31,781 |
|
|
|
4,885 |
|
|
Short-term investments
|
|
|
486,341 |
|
|
|
699,159 |
|
|
|
107,459 |
|
|
Prepaid expenses and other current assets
|
|
|
26,113 |
|
|
|
23,315 |
|
|
|
3,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total current assets
|
|
|
569,959 |
|
|
|
754,255 |
|
|
|
115,927 |
|
|
Non-current assets:
|
|
|
|
|
|
|
|
|
|
|
|
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Other non-current assets
|
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|
5,936 |
|
|
|
3,816 |
|
|
|
587 |
|
|
Investment in subsidiaries and VIEs
|
|
|
5,807,841 |
|
|
|
7,798,858 |
|
|
|
1,198,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total non-current assets
|
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|
5,813,777 |
|
|
|
7,802,674 |
|
|
|
1,199,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total assets
|
|
|
6,383,736 |
|
|
|
8,556,929 |
|
|
|
1,315,177 |
|
|
|
|
|
|
|
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LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
|
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|
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|
|
|
|
|
|
|
|
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Accrued expenses and other payables
|
|
|
20,660 |
|
|
|
6,932 |
|
|
|
1,065 |
|
|
Dividend payable
|
|
|
— |
|
|
|
595,779 |
|
|
|
91,570 |
|
|
Due to subsidiaries
|
|
|
2,672 |
|
|
|
2,581 |
|
|
|
397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total current liabilities
|
|
|
23,332 |
|
|
|
605,292 |
|
|
|
93,032 |
|
|
|
|
|
|
|
|
|
|
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|
|
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Total liabilities
|
|
|
23,332 |
|
|
|
605,292 |
|
|
|
93,032 |
|
|
|
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Commitments and Contingencies
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Shareholders’ equity:
|
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Ordinary shares (par value of US$0.01 per share; 100,000,000,000
(including 99,931,211,060 Class A and 68,788,940 Class B )
shares authorized; 115,297,224 and 117,140,856 shares issued and
outstanding, all comprised of Class A, as of December 31,
2016 and 2017, respectively)
|
|
|
7,784 |
|
|
|
7,909 |
|
|
|
1,216 |
|
|
Additional paid-in capital
|
|
|
3,006,152 |
|
|
|
3,246,475 |
|
|
|
498,974 |
|
|
Accumulated other comprehensive income
|
|
|
125,009 |
|
|
|
69,954 |
|
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|
10,752 |
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Retained earnings
|
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|
3,221,459 |
|
|
|
4,627,299 |
|
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|
711,203 |
|
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|
|
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Total shareholders’ equity
|
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|
6,360,404 |
|
|
|
7,951,637 |
|
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|
1,222,145 |
|
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Total liabilities and shareholders’ equity
|
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|
6,383,736 |
|
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8,556,929 |
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1,315,177 |
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| Condensed Statements of Comprehensive Income |
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
|
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|
Year ended
December 31, |
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| |
|
2015 |
|
|
2016 |
|
|
2017 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
| Operating expenses: |
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General and administrative expenses
|
|
|
(24,235 |
) |
|
|
(20,533 |
) |
|
|
(13,334 |
) |
|
|
(2,049 |
) |
|
|
|
|
|
|
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|
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| Operating losses |
|
|
(24,235 |
) |
|
|
(20,533 |
) |
|
|
(13,334 |
) |
|
|
(2,049 |
) |
|
Interest income
|
|
|
11,526 |
|
|
|
7,492 |
|
|
|
13,441 |
|
|
|
2,066 |
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|
Share of income of subsidiaries and VIEs
|
|
|
1,003,358 |
|
|
|
1,240,955 |
|
|
|
2,001,512 |
|
|
|
307,625 |
|
|
|
|
|
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|
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| Income before income taxes |
|
|
990,649 |
|
|
|
1,227,914 |
|
|
|
2,001,619 |
|
|
|
307,642 |
|
|
Income tax expense
|
|
|
— |
|
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|
— |
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|
— |
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|
— |
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| Net income |
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|
990,649 |
|
|
|
1,227,914 |
|
|
|
2,001,619 |
|
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|
307,642 |
|
|
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| Other comprehensive income/(loss), net of tax
of nil |
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Foreign currency translation adjustments
|
|
|
56,821 |
|
|
|
62,256 |
|
|
|
(55,055 |
) |
|
|
(8,462 |
) |
|
|
|
|
|
|
|
|
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|
|
|
|
|
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| Comprehensive income |
|
|
1,047,470 |
|
|
|
1,290,170 |
|
|
|
1,946,564 |
|
|
|
299,180 |
|
|
|
|
|
|
|
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|
|
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| Condensed Statements of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS
|
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|
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|
|
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|
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|
| |
|
Year ended
December 31, |
|
| |
|
2015 |
|
|
2016 |
|
|
2017 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
Net cash used in operating activities
|
|
|
(2,017 |
) |
|
|
(23,846 |
) |
|
|
(8,303 |
) |
|
|
(1,276 |
) |
|
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|
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Net cash used in investing activities
|
|
|
(132,976 |
) |
|
|
(86,743 |
) |
|
|
(77,005 |
) |
|
|
(11,835 |
) |
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|
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Net cash generated from financing activities
|
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|
30,200 |
|
|
|
25,420 |
|
|
|
61,070 |
|
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|
9,386 |
|
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|
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|
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Effect of exchange rate changes on cash and cash equivalents
|
|
|
7,569 |
|
|
|
5,864 |
|
|
|
(1,486 |
) |
|
|
(228 |
) |
|
|
|
|
|
|
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|
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|
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Net decrease in cash and cash equivalents
|
|
|
(97,224 |
) |
|
|
(79,305 |
) |
|
|
(25,724 |
) |
|
|
(3,953 |
) |
|
Cash and cash equivalents at beginning of year
|
|
|
234,034 |
|
|
|
136,810 |
|
|
|
57,505 |
|
|
|
8,838 |
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
Cash and cash equivalents at end of year
|
|
|
136,810 |
|
|
|
57,505 |
|
|
|
31,781 |
|
|
|
4,885 |
|
|
|
|
|
|
|
|
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|
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|