| PREPAYMENT AND OTHER ASSETS, NET |
7.
PREPAYMENT AND OTHER ASSETS, NET
Prepayments
and other assets consisted of the following:
| | |
As of | |
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Security deposit | |
| 2,660 | | |
| 2,515 | | |
| 358 | |
| Prepaid advertising and promotion expenses(i) | |
| - | | |
| 9,091 | | |
| 1,300 | |
| Prepaid financial consulting expenses(i) | |
| - | | |
| 13,986 | | |
| 2,000 | |
| Prepaid legal expenses | |
| - | | |
| 315 | | |
| 45 | |
| Technology transfer license fee | |
| 18,100 | | |
| 7,000 | | |
| 1,001 | |
| Others | |
| 1,485 | | |
| 26 | | |
| 5 | |
| Prepayments and other assets | |
| 22,245 | | |
| 32,933 | | |
| 4,709 | |
| Less: other receivable- a related party | |
| (738 | ) | |
| - | | |
| - | |
| Less: long-term prepayments | |
| (18,698 | ) | |
| (7,014 | ) | |
| (1,003 | ) |
| Less: allowance for credit losses | |
| (183 | ) | |
| (252 | ) | |
| (36 | ) |
| Prepayments and other current assets, net | |
| 2,626 | | |
| 25,667 | | |
| 3,670 | |
| (i) | As the business was not carried out, these prepaid expenses
were fully refunded on April 24, 2026. |
An
analysis of the allowance for credit losses was as follows:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Balance at beginning of the year | |
| (223 | ) | |
| (183 | ) | |
| (26 | ) |
| Reversal (provision) | |
| 40 | | |
| (69 | ) | |
| (10 | ) |
| Balance at the end of the year | |
| (183 | ) | |
| (252 | ) | |
| (36 | ) |
|