CONSOLIDATED STATEMENTS OF CASH FLOWS - CNY (¥)
¥ in Thousands |
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
| Operating activities: |
|
|
|
| Net income |
¥ 184,807
|
¥ 241,854
|
¥ 178,760
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation |
100,724
|
72,757
|
54,981
|
| Bad debt expense |
31,499
|
33,605
|
63,103
|
| Loss on disposal of property and equipment |
917
|
297
|
500
|
| Deferred income tax benefit |
(18,473)
|
(18,895)
|
(21,614)
|
| Share based compensation expense |
77,415
|
67,824
|
32,919
|
| Investment income |
(19,267)
|
29
|
|
| Foreign currency exchange losses (gains), net |
6,471
|
(3,760)
|
29,499
|
| Changes in operating assets and liabilities, net of effects from acquisition of Hanru Hangzhou |
|
|
|
| Accounts receivable |
(164,231)
|
22,928
|
(66,901)
|
| Prepaid expenses and other current assets |
(18,712)
|
(60,362)
|
(16,713)
|
| Accrued interest income on time deposits |
1,809
|
5,264
|
(655)
|
| Other non-current assets |
(12,432)
|
(7,071)
|
(3,757)
|
| Accounts payable |
(196)
|
(248)
|
533
|
| Amounts due from /(to) a related party |
(310)
|
(800)
|
879
|
| Income taxes payable |
34,731
|
34,947
|
23,287
|
| Deferred revenue |
36,102
|
101,439
|
46,570
|
| Accrued expenses and other current liabilities |
50,407
|
36,781
|
27,362
|
| Other non-current liabilities |
(2,604)
|
(2,559)
|
(1,055)
|
| Net cash provided by operating activities |
288,657
|
524,030
|
347,698
|
| Investing activities: |
|
|
|
| Purchase of property and equipment |
(177,251)
|
(381,982)
|
(99,961)
|
| Proceeds from disposal of property and equipment |
462
|
358
|
1,040
|
| Purchase of short-term investments |
(1,970,000)
|
(1,937,000)
|
(945,000)
|
| Proceeds from maturity of short-term investments |
1,989,314
|
1,937,000
|
945,000
|
| Purchase of long-term investments |
(50,500)
|
(12,755)
|
(24,000)
|
| Payment of long-term investment deposit |
(4,380)
|
|
|
| Payment for acquisition of Hanru Hangzhou |
|
(4,360)
|
(1,000)
|
| Cash acquired from acquisition of Hanru Hangzhou |
|
148
|
|
| Purchase of time deposits |
(509,739)
|
(421,170)
|
(639,019)
|
| Proceeds from maturity of time deposits |
528,999
|
678,741
|
690,250
|
| Issuance of loans to employees |
(35,379)
|
(18,525)
|
(1,227)
|
| Proceeds from repayment of loans from employees |
5,352
|
3,096
|
1,608
|
| Net cash used in investing activities |
(223,122)
|
(156,449)
|
(72,309)
|
| Financing activities: |
|
|
|
| Amounts received on behalf of a related party |
|
|
1,432
|
| Repayment of amounts received on behalf of a related party |
|
|
(1,432)
|
| Issuance of Class A ordinary shares in connection with exercise of share options |
22,254
|
20,388
|
22,456
|
| Payment of dividend |
(63,087)
|
(54,026)
|
|
| Repurchase of treasury shares |
(143,389)
|
(44,406)
|
(49,355)
|
| Net cash used in financing activities |
(184,222)
|
(78,044)
|
(26,899)
|
| Changes in cash and cash equivalents |
(118,687)
|
289,537
|
248,490
|
| Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash |
(5,294)
|
7,197
|
4,413
|
| Net change in cash, cash equivalents and restricted cash |
(123,981)
|
296,734
|
252,903
|
| Cash, cash equivalents and restricted cash at beginning of year |
810,672
|
513,938
|
261,035
|
| Cash, cash equivalents and restricted cash at end of year |
686,691
|
810,672
|
513,938
|
| Supplemental disclosure of cash flow information: |
|
|
|
| Income taxes paid |
9,512
|
3,096
|
2,246
|
| Non-cash investing and financing activities: |
|
|
|
| Accrual for purchase of equipment |
10,737
|
3,692
|
3,685
|
| Payable for repurchase of treasury shares |
¥ 17,953
|
|
|