Accounts Receivable, Net

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounts Receivable, Net [Abstract]

ACCOUNTS RECEIVABLE, NET

5. ACCOUNTS RECEIVABLE, NET

Accounts receivable and allowance for doubtful accounts consist of the following:

	As of December 31,			As of June 30,
	2022			2023			2023
	RMB			RMB			USD
Accounts receivable		320,203			260,893			35,978
Less: allowance for doubtful accounts		(3,546	)		(5,792	)		(799	)
Accounts receivable, net		316,657			255,101			35,179

An analysis of the allowance for doubtful accounts is as follows:

	As of December 31,			As of June 30,
	2022			2023		2023
	RMB			RMB		USD
Balance, beginning of year		2,215			3,546		489
Bad debt allowances from acquisition		(1,459	)		-		-
Additions (recovery)		2,739			2,230		308
Exchange difference		51			16		2
Balance, end of year		3,546			5,792		799

Four unrelated distributors accounted for 34.2%, 14.9%, 13.9% and 10.0% of the Company’s accounts receivable as of December 31, 2022, respectively. Five unrelated distributors accounted for 21.4%, 19.8%, 19.0%, 11.1% and 10.7% of the Company’s accounts receivable as of June 30, 2023, respectively.

5. ACCOUNTS RECEIVABLE, NET

Accounts receivable and allowance for doubtful accounts consist of the following:

	As of December 31,
	2021			2022			2022
	RMB			RMB			USD
Accounts receivable		208,522			320,203			46,425
Less: allowance for doubtful accounts		(2,215	)		(3,546	)		(514	)
Accounts receivable, net		206,307			316,657			45,911

An analysis of the allowance for doubtful accounts is as follows:

	For the years ended December 31,
	2020			2021			2022			2022
	RMB			RMB			RMB			USD
Balance, beginning of year		10,266			3,813			2,215			321
Bad debt allowances from acquisition		1,800			-			(1,459	)		(212	)
Additions (recovery)		(8,253	)		(1,592	)		2,739			397
Exchange difference		-			(6	)		51			8
Balance, end of year		3,813			2,215			3,546			514

Two unrelated distributors accounted for 23.7% and 20.6% of the Company’s accounts receivable as of December 31, 2021, respectively. Four unrelated distributors accounted for 34.2%, 14.9%, 13.9% and 10.0% of the Company’s accounts receivable as of December 31, 2022, respectively.