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BUSINESS COMBINATION (Tables)
9 Months Ended
Sep. 30, 2024
BUSNIESS COMBINATION [Abstract]  
Assets Acquired and Liabilities Assumed

The following is a summary of the fair values of the assets acquired and liabilities assumed. RMB: USD exchange rate of 7.2401 as of April 30, 2024 was applied:



 
 
As of May 21 2024
         
 
 
  RMB
 
USD
 
Amortization Period
 
Current assets (1)
   
7,592,974
   
1,048,739
   
     
 
Property and equipment
   
1,383,600
   
191,102
   
3 - 10 years
 
Goodwill
   
48,514
   
6,701
   
     
 
Current liabilities
   
(2,822,703
)
 
(389,871
)
         
Deferred tax liabilities
   
(28,540
)
 
(3,942
)
 
     
 
Noncontrolling interest
   
(1,234,769
)
 
(170,546
)
         
Total
   
4,939,076
   
682,183