| Schedule of prepayments and other current assets, net |
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
2024 |
|
2025 |
|
|
RMB |
|
RMB |
|
US$ |
Other receivables from advertisers |
|
1,208,698 |
|
1,035,220 |
|
148,034 |
Advances to suppliers, net |
|
50,767 |
|
52,700 |
|
7,536 |
Prepaid expenses |
|
24,463 |
|
26,677 |
|
3,815 |
Inventories (i) |
|
46,728 |
|
53,653 |
|
7,672 |
Receivable from third-party payment platform |
|
47,298 |
|
25,042 |
|
3,581 |
Convertible loans |
|
10,465 |
|
10,465 |
|
1,496 |
Others |
|
92,109 |
|
83,069 |
|
11,881 |
Allowance for credit losses |
|
(114,767) |
|
(132,052) |
|
(18,883) |
Total |
|
1,365,761 |
|
1,154,774 |
|
165,132 |
(i)Inventories consist of materials, work in progress and finished goods, as of December 31, 2024 and 2025. For the years ended December 31, 2023, 2024 and 2025, the group recorded impairment of RMB2,627, RMB1,224 and RMB7,089 (US$1,014), respectively.
|
| Schedule of movement in the allowance for credit losses |
The movements in the allowance for credit losses were as follows:
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
|
2024 |
|
2025 |
|
|
RMB |
|
RMB |
|
USD |
Balance as of January 1 |
|
113,126 |
|
114,767 |
|
16,411 |
Addition |
|
677 |
|
19,496 |
|
2,788 |
Amounts written off |
|
(300) |
|
(300) |
|
(43) |
Foreign Exchange effect |
|
1,264 |
|
(1,911) |
|
(273) |
Balance as of December 31 |
|
114,767 |
|
132,052 |
|
18,883 |
|