v3.26.1
Other Receivables, Net
 12 Months Ended
Dec. 31, 2025
Other Receivables, Net [Abstract]  
OTHER RECEIVABLES, NET

Note 6 — OTHER RECEIVABLES, NET

 

Other receivables consisted of the following:

 

   As of December 31, 
   2024   2025   2025 
   RMB   RMB   US$ 
Other deposits*   —    57,693,075    8,250,000 
Other current assets**   2,681,583    3,560,759    509,182 
Advance to employees***   2,206,766    1,303,893    186,454 
Deposits   1,732,173    1,300,673    185,994 
Prepaid expenses   837,893    1,308,166    187,065 
Others   538,137    622,002    88,945 
Subtotal   7,996,552    65,788,568    9,407,640 
Allowance for expected credit losses   (2,677,828)   (2,270,607)   (324,692)
Total   5,318,724    63,517,961    9,082,948 
  * Other deposits represent pre-paid amounts for public relation and marketing advisory agreements, which are  refundable due to their cancellation or termination. As of the issuance of this financial statements, the total balance as of December 31, 2025 was fully received.

 

**Other current assets represent the balance of input of value added tax (“VAT”) which will be deductible from output VAT incurred in the next twelve months.

 

***Advance to employees represent cash paid in advance to employees for the business expenses that are anticipated to be incurred by the employee on behalf of the Group and loan to employees that borrowers will repay over time.

 

The following table presents movement of allowance for expected credit losses against other receivables:

 

   For the Years Ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   US$ 
Balance at the beginning of the year   1,446,767    1,978,995    2,677,828    382,924 
Accrual   624,980    1,036,603    377,263    53,948 
Reversal   (39,847)   (154,585)   (651,758)   (93,200)
Write off   (52,905)   (183,185)   (132,726)   (18,980)
Balance at the end of the year   1,978,995    2,677,828    2,270,607    324,692