v3.25.2
Accounts receivable and allowance for credit losses
6 Months Ended
Jun. 30, 2025
Credit Loss [Abstract]  
Accounts receivable and allowance for credit losses

Note 5 — Accounts receivable and allowance for credit losses

 

Accounts receivable, net consisted of the following:

 

                       
    December 31,
2024
   

June 30,

2025

   

June 30,

2025

 
    RMB     RMB     USD  
          (Unaudited)     (Unaudited)  
Accounts receivable     23,714,517       23,518,435       3,285,340  
Less: allowance for credit losses     -       -       -  
Accounts receivable, net     23,714,517       23,518,435       3,285,340  

 

The following table summarizes the changes in allowance for credit losses:

 

                       
    December 31,
2024
    June 30,
2025
    June 30,
2025
 
    RMB     RMB     USD  
          (Unaudited)     (Unaudited)  
Beginning balance     3,951,391       -       -  
Addition     -       -       -  
Recovery     (3,951,391 )     -       -  
      -       -       -  
Ending balance     -       -       -  

 

Allowance for credit losses net for the year ended December 31, 2024 and the six months ended June 30, 2025 amounted to nil and nil, respectively.