Accounts Receivable, Net

6 Months Ended

Jun. 30, 2025

Accounts Receivable, Net [Abstract]

ACCOUNTS RECEIVABLE, NET

5. ACCOUNTS RECEIVABLE, NET

Accounts receivable and allowance for credit losses consist of the following:

	As of December 31,		As of June 30,
	2024		2025		2025
	RMB		RMB		US$
Accounts receivable		231,742		229,785		32,076
Less: allowance for credit losses		(5,682)		(7,081)		(988)
Accounts receivable, net		226,060		222,704		31,088

An analysis of the allowance for credit losses is as follows:

	For the year ended December 31,		For the six months ended June 30,
	2024		2025			2025
	RMB		RMB			US$
Beginning balance		5,097		5,682			793
Additions		584		1,400			195
Exchange difference		1		(1	)		-
Ending balance		5,682		7,081			988

Four unrelated distributors accounted for 33.2%, 26.5%, 18.3% and 10.3% of the Company’s accounts receivable as of December 31, 2024, respectively. Three unrelated distributors accounted for 38.7%, 25.0% and 15.8% of the Company’s accounts receivable as of June 30,2025, respectively.