v3.25.2
Accounts Receivable
6 Months Ended
Jun. 30, 2025
Accounts Receivable  
Accounts Receivable

4.Accounts Receivable

    

As of December 31,

As of June 30,

    

2024

    

2025

    

2025

RMB

RMB

US$

Accounts receivable

302,465

351,714

49,098

Less: allowance for credit losses

(6,752)

(6,080)

(849)

Accounts receivable, net

295,713

345,634

48,249

The following table presents the movement in the allowance for credit losses:

    

As of December 31,

As of June 30,

    

2024

    

2025

    

2025

RMB

RMB

US$

Balance at beginning of year

(6,373)

(6,752)

(943)

Additions

(911)

Reversals

532

672

94

Balance at end of year

(6,752)

(6,080)

(849)

RMB72,101 (US$10,065) due from a third party which represents the current portion of the long-term receivable disclosed in Note 6 is included in the balance of accounts receivable as of June 30, 2025. Substantially all the Company’s accounts receivable as of December 31, 2024 and June 30, 2025 are aged within 90 days.