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Related Party Balances and Transactions
12 Months Ended
Dec. 31, 2025
Related Party Balances and Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

13. 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 years ended December 31, 2023, 2024 and 2025, significant related party transactions were as follows:

 

      For the years ended December 31, 
      2023   2024   2025   2025 
      RMB   RMB   RMB   US$ 
Sixiang Zhuohong Private Equity LP  Sold 11.5385% equity interest of Banyou to the Company   37,500    
-
    
-
    
-
 
Sixiang Zhuohong Private Equity LP  Acquires 6% of Hangzhou Zhan Ge’s shares through Sixiang Zhuohong   
-
    13,500    
-
    
-
 

 

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

 

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

 

(i) represents the business advance payments made to Beijing Junwei Technology Co., Ltd. for administration and registration service.