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Prepaid Expenses and Other Current Assets, Net (Tables)
12 Months Ended
Dec. 31, 2025
Prepaid Expenses and Other Current Assets, Net [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets and allowance for credit losses consist of the following:

 

   As of December 31, 
   2024   2025   2025 
   RMB   RMB   US$ 
VAT recoverable   15,134    9,740    1,356 
Prepaid expense   5,607    4641    698 
Investment buyback receivable (1)   30,000    30,000    4,290 
Loans receivable (2)   21,700    18,335    2,622 
Other receivables   2,309    7,226    1,036 
Total   74,750    69,942    10,002 
Less: allowance for credit losses   (46,335)   (46,335)   (6,626)
Prepaid expenses and other current assets, net   28,415    23,607    3,376 

 

(1)The Company invested RMB30,000 in Yieryi for its 12% equity interest on August 17, 2021. As part of the Framework Agreement signed on December 29, 2021, one of the shareholders of Yieryi bought such equity interest back from the Company for RMB30,000. On August 25, 2023, such shareholder and his related party pledged their ownership of 1.3 million ordinary shares of the Company to ensure the recoverability of the receivable balance. On March 22, 2024, such shareholder and his related party further pledged their ownership of 2,969,114 ordinary shares of the Company to ensure the recoverability of the receivable balance. The Company made full allowance of RMB30,000 in the year ended December 31, 2024, due to uncertainty of collectability.

 

(2)

The balance represents amount lent to several third parties with various interest rate for working capital purpose.

 

The Company made an allowance of RMB16,335 in the year ended December 31, 2023, due to uncertainly collectability.

Schedule of Allowance for Credit Losses

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

 

   For the years ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   US$ 
Balance, beginning of year   
-
    16,335    46,335    6,626 
Additions   16,335    30,000    
-
    
-
 
Balance, end of year   16,335    46,335    46,335    6,626