| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net Income | ||||||
485,515 | 295,493 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Share-based compensation | ||||||
6,260 | 17,644 | |||||
Depreciation and amortization | ||||||
86,127 | 46,807 | |||||
Loss on disposal of property and equipment | ||||||
-3,294 | -69 | |||||
Allowance for doubtful accounts | ||||||
1,568 | 365 | |||||
Deferred income tax | ||||||
-4,463 | -4,400 | |||||
Gain on deemed disposal of equity method investments | ||||||
- | 1,376 | |||||
Impairment of cost method equity investees | ||||||
4,611 | - | |||||
Share of loss in equity method investments | ||||||
-2,410 | -5,289 | |||||
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
- | 5,142 | |||||
Accounts receivable | ||||||
15,405 | 20,430 | |||||
Financing receivables | ||||||
9,841 | - | |||||
Inventories | ||||||
42 | 2,627 | |||||
Advances to suppliers | ||||||
16,790 | 11,273 | |||||
Prepayments and other current assets | ||||||
52,234 | 28,314 | |||||
Amounts due from related parties | ||||||
- | -1,388 | |||||
Other non-current assets | ||||||
4,793 | 3,633 | |||||
Accounts payable | ||||||
38,842 | 49,290 | |||||
Advances from customers | ||||||
4,494 | -9,958 | |||||
Amounts due to related parties | ||||||
-2,538 | 4,056 | |||||
Income tax payable | ||||||
-30,184 | 16,762 | |||||
Other current liabilities | ||||||
51,966 | 15,328 | |||||
Other non-current liabilities | ||||||
9,229 | - | |||||
Net cash provided by operating activities | ||||||
558,026 | 365,338 | |||||
Cash flows from investing activities | ||||||
Purchases of property and equipment | ||||||
395,346 | 286,057 | |||||
Purchases of land use rights | ||||||
39,115 | 101,270 | |||||
Repayment of amounts due from related parties | ||||||
- | 2,160 | |||||
Cash paid for business acquisitions, net of cash received | ||||||
- | 16,628 | |||||
Investments in equity investees | ||||||
13,688 | 45,430 | |||||
Purchases of short-term investments | ||||||
1,556,446 | - | |||||
Repayment of short-term investment | ||||||
726,353 | - | |||||
Changes of restricted cash | ||||||
- | 48,000 | |||||
Others | ||||||
-3,393 | -2,887 | |||||
Net cash used in investing activities | ||||||
-1,274,849 | -492,338 | |||||
Cash flows from financing activities | ||||||
Proceeds from capital contribution from shareholders | ||||||
- | 1,698 | |||||
Proceeds from capital contribution from noncontrolling interest shareholder | ||||||
154 | 1,440 | |||||
Proceeds from short-term borrowing | ||||||
84,533 | 79,361 | |||||
Proceeds from issuance of ordinary shares through Initial Public Offerings, net of issuance costs of RMB339,355 | ||||||
- | 1,322,749 | |||||
Proceeds from issuance of ordinary shares for shared based compensation | ||||||
- | 9,852 | |||||
Repurchase of ordinary shares | ||||||
131,820 | - | |||||
Repayment of short-term borrowing | ||||||
115,273 | 59,044 | |||||
Others | ||||||
-752 | - | |||||
Net cash provided by/used in financing activities | ||||||
-163,158 | 1,356,056 | |||||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-65,167 | 43,511 | |||||
Net change in cash, cash equivalents and restricted cash | ||||||
-945,148 | 1,272,567 | |||||
Income taxes paid | ||||||
- | 93,067 | |||||
Interest expense paid | ||||||
- | 1,870 | |||||