ORGANIZATION (Tables)
12 Months Ended
Dec. 31, 2013
ORGANIZATION  
Schedule of subsidiaries of the Company and variable interest entities where the Company is the primary beneficiary

 

 

Date of incorporation

 

Place of incorporation

 

Percentage of
ownership

 

Principal activities

 

 

 

 

 

 

 

 

 

 

 

Subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ChinaCache Network Technology (Beijing) Ltd. (“ChinaCache Beijing”)

 

August 25, 2005

 

The PRC

 

100

%

Provision of Technical Consultation services

 

 

 

 

 

 

 

 

 

 

 

ChinaCache North America Inc. (“ChinaCache US”)

 

August 16, 2007

 

United States of America

 

100

%

Provision of Content and Application Delivery services

 

 

 

 

 

 

 

 

 

 

 

ChinaCache Ireland Limited (“ChinaCache IE”)

 

November 18, 2013

 

Ireland

 

100

%

Provision of Content and Application Delivery services

 

 

 

 

 

 

 

 

 

 

 

ChinaCache Networks Hong Kong Ltd. (“ChinaCache HK”)

 

April 7, 2008

 

Hong Kong

 

100

%

Provision of Content and Application Delivery services

 

 

 

 

 

 

 

 

 

 

 

JNet Holdings Limited (“JNet Holdings”)

 

September 27, 2007

 

British Virgin Islands

 

100

%

Investment holding

 

 

 

 

 

 

 

 

 

 

 

ChinaCache Xin Run Technology (Beijing) Co., Ltd. (“Xin Run”)

 

July 18, 2011

 

The PRC

 

100

%

Research & Development center

 

 

 

 

 

 

 

 

 

 

 

Metasequoia Investment Inc. (“Metasequoia”)

 

March 28, 2012

 

British Virgin Islands

 

100

%

Investment holding

 

 

 

 

 

 

 

 

 

 

 

VIEs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beijing Blue I.T. Technologies Co., Ltd. (“Beijing Blue IT”)*

 

June 7, 1998

 

The PRC

 

 

Provision of Content and Application Delivery services

 

 

 

 

 

 

 

 

 

 

 

Beijing Jingtian Technology Limited (“Beijing Jingtian”) *

 

September 1, 2005

 

The PRC

 

 

Provision of Content and Application Delivery services

 

 

*                     The equity interest of Beijing Blue IT and Beijing Jingtian are held by the Founders and two employees of the Company, respectively (collectively the “Nominee Shareholders”).

Schedule of financial information of the consolidated VIEs before eliminating the intercompany balances and transactions between the consolidated VIEs and other entities within the Group

 

 

As of December 31,

 

 

 

2012

 

2013

 

 

 

RMB

 

RMB

 

US$

 

ASSETS:

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

 

69,503

 

77,400

 

12,786

 

Accounts receivable (net of allowance for doubtful accounts of RMB 24,369 and RMB 11,894 (US$1,965) as of December 31, 2012 and 2013, respectively)

 

219,324

 

297,947

 

49,217

 

Prepaid expenses and other current assets

 

23,393

 

25,871

 

4,274

 

Deferred tax assets

 

12,878

 

6,546

 

1,081

 

Amounts due from inter-companies(1)

 

 

6,300

 

1,041

 

Amounts due from a related party(2)

 

 

141

 

23

 

 

 

 

 

 

 

 

 

Total current assets

 

325,098

 

414,205

 

68,422

 

 

 

 

 

 

 

 

 

Non-current assets:

 

 

 

 

 

 

 

Property and equipment, net

 

123,877

 

185,107

 

30,577

 

Cloud infrastructure construction in progress

 

 

5,705

 

942

 

Intangible assets, net

 

 

4,702

 

777

 

Long term investments

 

6,103

 

7,603

 

1,256

 

Deferred tax assets

 

4,602

 

602

 

99

 

Long term deposits and other non-current assets

 

3,676

 

4,458

 

736

 

 

 

 

 

 

 

 

 

Total non-current assets

 

138,258

 

208,177

 

34,387

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

463,356

 

622,382

 

102,809

 

 

 

 

As of December 31,

 

 

 

2012

 

2013

 

 

 

RMB

 

RMB

 

US$

 

LIABILITIES AND SHAREHOLDERS’ EQUITY:

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Accounts payable

 

103,261

 

200,483

 

33,117

 

Accrued employee benefits

 

26,441

 

33,448

 

5,525

 

Accrued expenses and other payables

 

48,776

 

71,095

 

11,745

 

Income tax payable

 

15,200

 

5,777

 

954

 

Liabilities for uncertain tax positions

 

4,050

 

6,296

 

1,040

 

Amounts due to inter-companies(1)

 

208,743

 

236,584

 

39,081

 

Amounts due to a related party (2)

 

1,044

 

844

 

139

 

Deferred government grant

 

 

24,360

 

4,024

 

 

 

 

 

 

 

 

 

Total current liabilities

 

407,515

 

578,887

 

95,625

 

 

 

 

 

 

 

 

 

Non-current liabilities:

 

 

 

 

 

 

 

Deferred government grant

 

3,360

 

 

 

 

 

 

 

 

 

 

 

Total non-current liabilities

 

3,360

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

410,875

 

578,887

 

95,625

 

 

(1)         Amount due from/to inter-companies consist of intercompany receivables/payables to the other companies within the Group.

(2)         Information with respect to related parties is discussed in Note 19.

 

 

 

For the Years Ended December 31,

 

 

 

2011

 

2012

 

2013

 

 

 

RMB’000

 

RMB’000

 

RMB’000

 

US$’000

 

Net revenues

 

 

 

 

 

 

 

 

 

-Third party customers

 

600,203

 

745,835

 

910,757

 

150,446

 

-Inter-companies

 

2,353

 

12,588

 

146,640

 

24,223

 

-A related party customer

 

 

12,543

 

 

 

Net profit/ (loss)

 

43,723

 

20,406

 

(12,761

)

(2,108

)

Income from discontinued operations (including gain on disposal of Shanghai JNet (Note 4(b)))

 

31,977

 

 

 

 

 

Income from discontinued operations relates to the operations of Shanghai JNet that has been classified as discontinued operations upon the disposal of Shanghai JNet and the concurrent termination of the VIE Agreements (Note 4(b)).

 

 

 

For the Years Ended December 31,

 

 

 

2011

 

2012

 

2013

 

 

 

RMB’000

 

RMB’000

 

RMB’000

 

US$’000

 

Net cash provided by operating activities

 

94,710

 

51,059

 

97,554

 

16,114

 

Net cash used in investing activities

 

(73,873

 

(49,933

)

(89,657

)

(14,810

)

Net cash used in financing activities