v3.26.1
Loans
 12 Months Ended
Dec. 31, 2025
Loans [Abstract]  
LOANS

Note 12 — LOANS

 

Outstanding balances of loan consist of the following:

 

As of December 31, 2025   Balance     Maturity
Date		  Effective
Interest
Rate		   Collateral/
Guarantee
   RMB     US$           
Short-term bank loans                  
Industrial Bank Co., Ltd. (b)     25,000,000    3,574,952   From April 15, 2026 to November 20, 2026   3.4% & 3.5%   Guarantee: Zhenyang Shi, Li Xu, Wanmei Shi, Qilekang Modern Logistics, and Qilekang Digital Health
Agricultural Bank of China(a)   3,000,000    428,994   January 21, 2026   
3.15
%  Co-borrower: Zhenyang Shi
Bank of Guangzhou   3,000,000    428,994   June 5, 2026   3.80%  Guarantee: Qilekang Modern Logistics, Zhenyang Shi and Li Xu
China Guangfa Bank   8,000,000    1,143,985   From   September 21, 2026 to October 15, 2026   3.20%  Guarantee: Zhenyang Shi, Li Xu, and Qilekang Modern Logistics
Bank of Communications   6,000,000    857,989   August 11, 2026   3.20%  Guarantee: Zhenyang Shi, Li Xu and Qilekang Digital Health
Industrial and Commercial Bank of China   3,000,000    428,994   November 30, 2026   3.11%  N/A
China CITIC Bank   5,000,000    714,991   December 22, 2026   4.00%  Guarantee: Qilekang Digital Health, Zhenyang Shi and Li Xu
Total   53,000,000    7,578,899            
                      
Long-term bank loans, current                     
Agricultural Bank of China. (c)      200,000    28,600   December 21, 2026   
3.35
%  Guarantee: Zhenyang Shi and Li Xu
Bank of Jiujiang (e)   500,000    71,499   September 16, 2026   
5.00
%  Guarantee: Zhenyang Shi and Qilekang Modern Logistics
China Resource Bank of Zhuhai (d)   600,000    85,799   September 21, 2026   
3.85
%  Guarantee: Zhenyang Shi, Li Xu and Qilekang Modern Logistics
Bank of Jiujiang (a)     2,400,000    343,195   March 15, 2026   
4.95
%  Guarantee: Qilekang Digital Health and Zhenyang Shi
Total   3,700,000    529,093            
Long-term bank loans, noncurrent                     
Agricultural Bank of China   1,700,000    243,097   August 31, 2028   3.35%  Guarantee: Zhenyang Shi and Li Xu
Bank of Jiujiang   4,500,000    643,491   September 16, 2028   5.00%  Guarantee: Zhenyang Shi and Qilekang Modern Logistics
China Resource Bank of Zhuhai   4,800,000    686,391   October 18, 2027   3.85%  Guarantee: Zhenyang Shi, Li Xu and Qilekang Modern Logistics
Total   11,000,000    1,572,979            
As of December 31, 2025  Balance   Maturity
Date		  Effective
Interest
Rate		   Collateral/
Guarantee
   RMB   US$           
Long-term loans, current                  
Xi’an Changtao Network Small Loan Co., Ltd.(f)   10,000,000    1,429,981   December 31, 2026   20.04%  Guaranteed by five related parties, including Zhenyang Shi, Li Xu, Guoji Luo, Wanmei Shi, Yongan Zhong and five managements of the Group
(a)The bank loans were fully repaid till the filing of this report.

 

(b)The balance of RMB20 million as of December 31, 2025 was repaid till March 9 2026 and March 12, 2026.

 

(c)The balance of RMB50 Thousand as of December 31, 2025 was repaid till March 23 2026.

 

(d)The balance of RMB0.3 million as of December 31, 2025 was repaid till March 21 2026.

 

(e)The balance of RMB0.25 million as of December 31, 2025 was repaid till March 16 2026.

 

(f) The loan was renewed in 2025 with maturity date of December 31, 2026.

 

As of December 31, 2024  Balance   Maturity
Date		  Effective
Interest
Rate		  Collateral/
Guarantee
   RMB          
Short-term bank loans             
Industrial Bank Co., Ltd.   18,000,000   From April 22, 2025 to June 24, 2025  From 3.8% to 3.90%  Guarantee: Zhenyang Shi, Li Xu, Wanmei Shi, Qilekang Modern Medicine, and Qilekang Digital Health
Shanghai Pudong Development Bank   10,000,000   March 04, 2025  4.90%  Co-borrower: Zhenyang Shi
Zhejiang Wangshang Bank Co., Ltd.   1,958,333   November 23, 2025 to December 23, 2025  From 8.62% to 10.80%  Guarantee: Wanmei Shi
China CITIC Bank   5,000,000   December 27, 2025  4.10%  Guarantee: Zhenyang Shi, Li Xu, Dazi Nuojin Enterprise Management Consulting Co., Limited, Tibet Huijian Management Consulting Partnership (Limited Partnership) (previously known as Dazi Jinnuo Huijian Investment Management Partnership Enterprise (Limited Partnership)) Collateral: Zhenyang Shi’s real estate
Total   34,958,333   　      
               
Long-term bank loans, current   -          
Bank of Jiujiang   300,000   March 15, 2025  5.40%  Guarantee: Qilekang Digital Health and  Zhenyang Shi
As of December 31, 2024  Balance   Maturity
Date		  Effective
Interest
Rate		   Collateral/
Guarantee
   RMB           
Long-term bank loans              
Bank of Jiujiang   2,400,000   March 15, 2026   5.40%  Guarantee: Qilekang Digital Health and Zhenyang Shi
China Resource Bank of Zhuhai   6,000,000   October 18, 2027   3.85%  Guarantee: Zhenyang Shi, Li Xu and Qilekang Modern Mechine
Total   8,400,000            
                 
Long-term loans, current                
Xi’an Changtao Network Small Loan Co., Ltd.   10,000,000   December 31, 2025   20.04%  Guaranteed by five related parties, including Zhenyang Shi, Li Xu, Guoji Luo, Wanmei Shi, Yongan Zhong, and five managements of the Group

 

Interest expenses of the bank loans and loans from other financial institutions for the years ended December 31, 2023, 2024 and 2025, amounted to RMB3,002,241, RMB3,632,425 and RMB3,940,362 (US$563,464) respectively.

 

As of December 31, 2025, the Group’s future obligations for loans from banks and other financial institutions, according to the terms of the loans are as follows:

 

For the Years ending December 31,  RMB   US$ 
2026   70,283,323    10,050,382 
2027   5,865,377    838,738 
2028   5,675,373    811,567 
Total future loan payments   81,824,073    11,700,687 
Less: imputed interest   4,124,073    589,735 
Total bank loans and loans from other financial institutions   77,700,000    11,110,952