Related Party Balances and Transactions

6 Months Ended

Jun. 30, 2024

Related Party Balances and Transactions [Abstract]

RELATED PARTY BALANCES AND TRANSACTIONS

9. RELATED PARTY BALANCES AND TRANSACTIONS

In addition to the information disclosed elsewhere in the financial statements, the principal related parties with which the Company had transactions during the years presented are as follows:

Name of Related Parties	Relationship with the Company
Mr. He Xiaowu	Chief Executive Officer and Chairman of the Board
Enmoli Inc.	Where Mr. He Xiaowu acted as director
Sixiang Zhuohong Private Equity LP	Equity investee of the Company

For the six months ended June 30, 2024, significant related party transactions were as follows:

		For the six months ended June 30,
		2023		2024		2024
		RMB		RMB		US$
Sixiang Zhuohong Private Equity LP	Sold 6% equity interest of Hangzhou Zhange Culture Technology Co., Ltd to the Company		-		13,500		1,858

As of December 31, 2023 and June 30, 2024, the amounts due from related parties are as follows:

	As of December 31,		As of June 30,
	2023		2024		2024
	RMB		RMB		US$
Amount due from related parties
Enmoli Inc (1)		355		-		-
Total		355		-		-

(1) The balance was collected on January 12, 2024.