Is it possible to travel with Residence Permit?

Is it possible to travel to my country and come back to China only with Residence Permit which is expiring in Sep 2018. My work permit got cancelled in Dec last week in Hangzhou and I have joined a new company in Guangzhou. Since my application form for Work Permit renewal is with Exit-Entry Bureau and I would like to travel and come back after Chinese New Year. Could you please guide me if there is any issues with travel and will there be issues when coming back to GZ or China.