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Related Party Balances and Transactions
6 Months Ended
Jun. 30, 2025
Related Party Balances and Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

10. 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
Beijing Junwei Technology Co., Ltd   Controlling shareholder of QY
Sixiang Zhuohong Private Equity LP   Equity investee of the Company

 

For the six months ended June 30, 2024 and 2025, significant related party transactions were as follows:

 

      For the six months ended June 30, 
      2024   2025   2025 
      RMB   RMB   US$ 
Sixiang Zhuohong Private Equity LP  Sold 6% equity interest of Hangzhou Zhange Culture Technology Co., Ltd to the Company   13,500    
-
    
-
 

 

As of December 31, 2024 and June 30, 2025, the amounts due from related parties are as follows:

 

  

As of
December 31,

  

As of
June 30,

 
   2024   2025   2025 
   RMB   RMB   US$ 
Amount due from related parties            
Beijing Junwei Technology Co., Ltd   
    -
    100    14 
Total   
-
    100    14