| ACCOUNTS RECEIVABLE, NET |
Note 4
— ACCOUNTS RECEIVABLE, NET
Trade
accounts receivable consisted of the following:
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Accounts
receivable | |
| 9,180,956 | | |
| 19,102,831 | | |
| 2,731,669 | |
| Allowance
for expected credit losses | |
| (806,348 | ) | |
| (662,349 | ) | |
| (94,715 | ) |
| Total | |
| 8,374,608 | | |
| 18,440,482 | | |
| 2,636,954 | |
The
following table presents movement of allowance for expected credit losses against accounts receivable:
| | |
For
the Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Balance
at the beginning of the year | |
| — | | |
| 846,683 | | |
| 806,348 | | |
| 115,306 | |
| Accrual/(reversal) | |
| 903,326 | | |
| (40,335 | ) | |
| 33,513 | | |
| 4,792 | |
| Write
off | |
| (56,643 | ) | |
| — | | |
| (177,512 | ) | |
| (25,383 | ) |
| Balance
at the end of the year | |
| 846,683 | | |
| 806,348 | | |
| 662,349 | | |
| 94,715 | |
|