| LEASE |
Note 8
— LEASE
The
Group leases office space, warehouse and pharmacy from third parties.
The
Group does not have any finance lease for the years ended December 31, 2023, 2024 and 2025. As of December 31, 2024 and
2025, the Group recognized the following items related to operating leases in its consolidated balance sheet.
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| ASSETS | |
| | |
| | |
| |
| Right-of-use
assets | |
| 3,818,363 | | |
| 4,236,029 | | |
| 605,744 | |
| Less:
impairment | |
| 3,818,363 | | |
| 4,236,029 | | |
| 605,744 | |
| Right-of-use
assets, net | |
| — | | |
| — | | |
| — | |
| | |
| | | |
| | | |
| | |
| LIABILITIES | |
| | | |
| | | |
| | |
| Operating
lease liabilities – current | |
| 1,388,863 | | |
| 1,545,002 | | |
| 220,932 | |
| Operating
lease liabilities – non-current | |
| 1,672,218 | | |
| 1,294,510 | | |
| 185,112 | |
As
of December 31, 2024 and 2025, the operating lease’s weighted average remaining lease term was 2.24 years and 1.97 years,
respectively. As of December 31, 2024 and 2025, and weighted average discount rate was 5.02% and 3.68% per annum, respectively.
The
following table presents movement of impairment of operating lease right-of-use assets:
| | |
For
the Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Balance
at the beginning of the year | |
| 5,197,770 | | |
| 3,877,501 | | |
| 3,818,363 | | |
| 546,018 | |
| Accrual | |
| 1,063,104 | | |
| 2,200,752 | | |
| 2,035,277 | | |
| 291,041 | |
| Write
off | |
| (2,383,373 | ) | |
| (2,259,890 | ) | |
| (1,617,611 | ) | |
| (231,315 | ) |
| Balance
at the end of the year | |
| 3,877,501 | | |
| 3,818,363 | | |
| 4,236,029 | | |
| 605,744 | |
Cash
flow information related to leases consists of the following:
| | |
For
the Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Operating
cash payments for operating leases | |
| 1,360,684 | | |
| 1,181,260 | | |
| 1,603,603 | | |
| 229,312 | |
The
minimum future lease payments as of December 31, 2025 are as follows:
| | |
Operating
leases | |
| | |
RMB | | |
US$ | |
| For the years ending December 31, | |
| | |
| |
| 2026 | |
| 1,625,117 | | |
| 232,389 | |
| 2027 | |
| 1,175,328 | | |
| 168,070 | |
| 2028 | |
| 148,114 | | |
| 21,180 | |
| Total
future lease payments | |
| 2,948,559 | | |
| 421,639 | |
| Less:
Imputed interest | |
| 109,047 | | |
| 15,595 | |
| Total
lease liability balance | |
| 2,839,512 | | |
| 406,044 | |
|