XML 39 R29.htm IDEA: XBRL DOCUMENT v3.25.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Income Taxes [Abstract]  
Schedule of Income Tax Expenses

The income tax expenses comprise:

 

  

For the six months ended June 30,

 
   2024   2025   2025 
   RMB   RMB   US$ 
Current income tax expense   6,225    3,439    480 
Deferred income tax expense (benefit)   1,448    (831)   (116)
Income tax expenses   7,673    2,608    364 
Schedule of Reconciliation of Differences Between the Statutory Tax Rate and the Effective Tax Rate

A reconciliation of the differences between the statutory tax rate and the effective tax rate for CIT for the six months ended June 30, 2024 and 2025 is as follows:

 

   For the six months ended June 30, 
   2024   2025 
Income tax computed at PRC statutory tax rate   25.0%   25.0%
Effect of tax-preferential entities   (8.2)%   50.6%
Non-deductible expenses and others   0.7%   (54.5)%
Income tax expense   17.5%   21.1%
Schedule of Components of Deferred Taxes

The components of deferred taxes are as follows:

 

  

As of December 31,

   As of
June 30,
 
   2024   2025   2025 
   RMB   RMB   US$ 
Deferred tax assets:            
Allowance for credit losses   3,870    4,163    581 
Net operating losses carried forward   3,635    3,450    482 
Total deferred tax assets   7,505    7,613    1,063 

The components of deferred tax liabilities are as follows:

 

  

As of
December 31,

  

As of
June 30,

 
   2024   2025   2025 
   RMB   RMB   US$ 
Deferred tax liabilities            
Intangible assets acquired through acquisition   58,400    57,691    8,053 
Total deferred tax liabilities   58,400    57,691    8,053