Related Parties Balance and Transactions (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Related Parties Balance and Transactions [Abstract] |
|
| Schedule of Consulting Service Provided from a Related Party |
| Name of related parties | | Relationship with the Group | | Nanjing Benyu Investments Management Limited | | A company controlled by the management of a shareholder of the Group | | Guangzhou Shennong Xuanpin Products Sales Co., Ltd. | | A company controlled by the management of the Group | | Guangzhou Zhiyao Cloud Technology Co., Ltd. (previously known as Guangzhou Guozhi Pharmaceutical Co., Ltd.) | | A company controlled by the management of the Group | | Guangzhou Aopolikang Biotechnology Co., Ltd. | | A company controlled by the management of the Group | | Guangzhou Liwan Linghai Medical Outpatients Department | | A company invested by the Group | | Guangzhou Aixiangbao Investment Limited Liability Partnership | | A company controlled by the management of the Group | | Chunong Diet Therapy (Guangzhou) Sales Co., Ltd. | | A company controlled by the management of the Group | | Zhenyang Shi | | Chief Executive Officer (“CEO”) of the Group | | Li Xu | | CEO’s spouse | | Wanmei Shi | | CEO’s sister | | Aihua Peng | | Close relative of the management of a shareholder | | Guoji Luo | | Management of the Group | | Yongan Zhong | | Management of the Group | | Dexiang Wei | | Management of the Group | | Yi Zhi | | Management of the Group | | Tibet Huijian Management Consulting Partnership (Limited Partnership) (previously known as Dazi Jinnuo Huijian Investment Management Partnership Enterprise (Limited Partnership)) | | A shareholder’s related party | | Jiangsu Gaotou Bangsheng Venture Capital Partnership (Limited Partnership) | | A shareholder of the Group | | Nanjing Bangsheng Juyuan Venture Capital Partnership (Limited Partnership) (formerly known as Nanjing Bangsheng Juyuan Investment Management Partnership (Limited Partnership)) | | A shareholder of the Group | | Guangdong Qicheng Youth Venture Capital Partnership (L.P.) | | A shareholder of the Group | | Guangzhou Golden Pomegranate Digital Media Co., Ltd. (before June 11, 2024) | | A company controlled by the management of the Group | | Name of related parties | | Relationship with the Group | | Shanghai Guohong Kaiyuan Investment Center (Limited Partnership) | | A shareholder of the Group | | Shanghai Chuangye Jieli Taili Venture Capital Center (L.P.) | | A shareholder of the Group | | Dan Hong (H.K.) Technology Limited | | A shareholder of the Group | | Shanghai Zhongwei Anjian Venture Capital Investment LLP (Limited Partnership) | | A shareholder of the Group | | Beijing HongShan Enterprise Information Management Consulting Center (Limited Partnership) (formerly known as Beijing Sequoia Enterprise Information Management Consulting Center (Limited Partnership)) | | A shareholder of the Group | | Guangdong Ginkgo Guangbo Venture Capital Partnership (L.P.) | | A shareholder of the Group | | Shanghai Jinglin Jinghui Equity Investment Center (L.P.) | | A shareholder of the Group | | Shenzhen Sharing Precision Medical Investment Partnership (Limited Partnership) | | A shareholder of the Group | | Zhuhai Huajin Chuangying No.1 Equity Investment Fund Partnership (Limited Partnership) | | A shareholder of the Group | | Alps Innovation Limited | | A shareholder of the Group | | Neijiang Yunrui Investment Partnership (Limited Partnership) | | A shareholder of the Group | | Beijing Gaotejia Technology Partnership (Limited Partnership) | | A shareholder of the Group | | General technology Group Investment Management Co., Ltd. | | A shareholder of the Group | | Nova Compass Investment Limited | | A shareholder of the Group | | Guangzhou Hikvision Enterprise Management Consulting Service Partnership Enterprise (Limited Partnership) | | A company controlled by the management of the Group | | Guangzhou Qingbai Operation Management Co., Ltd. | | A company controlled by the management of the Group | | Guangzhou Pet Vision Information Technology Co., Ltd. (formerly known as Guangzhou Brother Youyi Business Internet Co. Ltd.) (after August 22, 2025) | | A company controlled by the management of the Group |
|
| Schedule of Accounts Receivable and Payable Related Party |
As
of December 31, 2024 and 2025, the amount of accounts receivable — a related party consisted of the followings:
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Guangzhou
Zhiyao Cloud Technology Co., Ltd. (previously known as Guangzhou Guozhi Pharmaceutical Co., Ltd.) | |
| 424,259 | | |
| 831,436 | | |
| 118,894 | |
As
of December 31, 2024 and 2025, the amount of accounts payable — a related party consisted of the followings:
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Guangzhou
Aopolikang Biotechnology Co., Ltd. | |
| 25,891 | | |
| 7,296 | | |
| 1,043 | |
|
| Schedule of Amount Due from and Due to Related Parties |
As of December 31, 2024 and 2025, amount due from related parties consisted of the followings:
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Li
Xu | |
| 99,610 | | |
| — | | |
| — | |
| Yi
Zhi | |
| 25,676 | | |
| 185,676 | | |
| 26,551 | |
| Guangzhou
Zhiyao Cloud Technology Co., Ltd. (previously known as Guangzhou Guozhi Pharmaceutical Co., Ltd.) | |
| 819,977 | | |
| 256,259 | | |
| 36,645 | |
| Guangzhou
Liwan Linghai Medical Outpatients Department | |
| 4,687,724 | | |
| 3,040,772 | | |
| 434,825 | |
| Wanmei
Shi | |
| — | | |
| 154,332 | | |
| 22,069 | |
| Total
amount due from related parties | |
| 5,632,987 | | |
| 3,637,039 | | |
| 520,090 | |
As
of December 31, 2024 and 2025, amount due to related parties consisted of the followings:
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Zhenyang Shi* | |
| 25,739,395 | | |
| 32,376,056 | | |
| 4,629,714 | |
| Wanmei Shi | |
| 75,667 | | |
| — | | |
| — | |
| Aihua Peng* | |
| 6,881,778 | | |
| 7,674,638 | | |
| 1,097,459 | |
| Yongan Zhong | |
| 1,200 | | |
| 1,200 | | |
| 172 | |
| Nanjing Benyu Investments Management Limited* | |
| 4,017,178 | | |
| 4,675,397 | | |
| 668,573 | |
| Li Xu | |
| — | | |
| 30,500 | | |
| 4,361 | |
| Dexiang Wei* | |
| 66,533 | | |
| 56,533 | | |
| 8,084 | |
| Guoji Luo* | |
| 44,089 | | |
| 44,089 | | |
| 6,305 | |
| Guangzhou Shennong Xuanpin Products Sales Co.,
Ltd. | |
| 3,170 | | |
| — | | |
| — | |
| Guangzhou
Pet Vision Information Technology Co., Ltd. (formerly known as Guangzhou Brother Youyi Business Internet Co. Ltd.) (after August 22, 2025) | |
| — | | |
| 1,108,451 | | |
| 158,506 | |
| Total
amount due to related parties | |
| 36,829,010 | | |
| 45,966,864 | | |
| 6,573,174 | |
| * | The balances represent interest payable of the loans from the related parties. The balances are expected to be settled in accordance with the terms of the loans. |
|
| Schedule of Loans from Related Parties |
| As of December 31, 2025 | | Balance | | | Maturity Date | | Effective Interest Rate | | | Collateral/ Guarantee | | | | | RMB | | | US$ | | | | | | | | | | | Loans from related parties, current | | | | | | | | | | | | | | | | Nanjing Benyu Investments Management Limited**** | | | 3,000,000 | | | | 428,994 | | | June 30, 2026 | | | 10.00 | % | | | N/A | | | Aihua Peng | | | 3,950,000 | | | | 564,842 | | | Due on demand | | | 20.00 | % | | | | | | Wanmei Shi | | | 21,000 | | | | 3,003 | | | Due on demand | | | N/A | | | | | | | Li Xu | | | 7,984,182 | | | | 1,141,723 | | | Due on demand | | | N/A | | | | N/A | | | Yongan Zhong | | | 2,685 | | | | 384 | | | Due on demand | | | N/A | | | | N/A | | | Dexiang Wei*** | | | 184,087 | | | | 26,324 | | | Due on demand | | | N/A | | | | N/A | | | Guoji Luo*** | | | 56,355 | | | | 8,059 | | | Due on demand | | | N/A | | | | N/A | | | Total | | | 15,198,309 | | | | 2,173,329 | | | | | | | | | | | | | Loans from related parties, noncurrent | | | | | | | | | | | | | | | | | | | | Guangzhou Aixiangbao Investment Limited Liability Partnership* | | | 221,040,859 | | | | 31,608,422 | | | August 10, 2030 | | | N/A | | | | N/A | | | Zhenyang Shi** | | | 135,350,000 | | | | 19,354,793 | | | December 31, 2030 | | | 4.90 | % | | | N/A | | | Total | | | 356,390,859 | | | | 50,963,215 | | | | | | | | | | | |
| * | On August 10, 2021, the Group entered into tripartite agreements with Focus Media, Inc (“Focus Media”) and Guangzhou Aixiangbao Investment Limited Liability Partnership (“Aixiangbao”), 100% owned by Mr. Shi, pursuant to which the Group is released from being the obligor to Focus Media under the liability but the obligor to Aixiangbao as Aixiangbao assumed the obligation on behalf of the Group in the amount of RMB221.0 million, among which included payables ofRMB214.5 million for the year of 2020 and RMB6.5 million for the year of 2021. On September 10, 2021, the Group reached an agreement with Aixiangbao, pursuant to which the Group will not be required to repay the liability for five years and after then Aixiangbao can only require the Group to repay the liability in a non-cash method. In 2025, the agreement was renewed with maturity date of August 10, 2030. |
| ** | The purpose of obtaining loans from Zhenyang Shi is to maintain the daily operation of the Group. In 2025, the loan was renewed with maturity date of December 31, 2030. |
| *** | The related party loan balance as of December 31, 2024 with Dexiang Wei, Guoji Luo were partially repaid during twelve months ended December 31, 2025. |
| **** | In 2025, the loan was renewed with maturity date of June 30, 2026. | | As of December 31, 2024 | | Balance | | | Maturity Date | | Effective Interest Rate | | | Collateral/ Guarantee | | | | RMB | | | | | | | | | | Loans from related parties, current | | | | | | | | | | | | Nanjing Benyu Investments Management Limited | | | 7,100,000 | | | June 30, 2025 | | | 10.00 | % | | N/A | | Aihua Peng | | | 4,040,000 | | | Due on demand | | | 20.00 | % | | N/A | | Wanmei Shi | | | 21,000 | | | Due on demand | | | N/A | | | N/A | | Li Xu | | | 1,537,872 | | | October 18, 2025 | | | 8.88 | % | | N/A | | Yongan Zhong | | | 2,685 | | | Due on demand | | | N/A | | | N/A | | Dexiang Wei*** | | | 339,450 | | | Due on demand | | | N/A | | | N/A | | Guoji Luo*** | | | 780,868 | | | Due on demand | | | N/A | | | N/A | | Total | | | 13,821,875 | | | | | | | | | | | Loans from related parties, noncurrent | | | | | | | | | | | | | | Guangzhou Aixiangbao Investment Limited Liability Partnership* | | | 221,040,859 | | | August 10, 2026 | | | N/A | | | N/A | | Zhenyang Shi** | | | 135,650,000 | | | December 31, 2026 | | | 4.90 | % | | N/A | | Total | | | 356,690,859 | | | | | | | | | |
| * | On August 10, 2021, the Group entered into tripartite agreements with Focus Media, Inc (“Focus Media”) and Guangzhou Aixiangbao Investment Limited Liability Partnership (“Aixiangbao”), 100% owned by Mr. Shi, pursuant to which the Group is released from being the obligor to Focus Media under the liability but the obligor to Aixiangbao as Aixiangbao assumed the obligation on behalf of the Group in the amount of RMB221.0 million, among which included payables of RMB214.5 million for the year of 2020 and RMB6.5 million for the year of 2021. On September 10, 2021, the Group reached an agreement with Aixiangbao, pursuant to which the Group will not be required to repay the liability for five years and after then Aixiangbao can only require the Group to repay the liability in a non-cash method. |
| ** | The purpose of obtaining loans from Zhenyang Shi is to maintain the daily operation of the Group. |
| *** | The Company entered new related party loan agreements with these related parties during the year ended December 31, 2024 due on demand and no interest bearing. The related party loan balance as of December 31, 2023 with Dexiang Wei, Guoji Luo, Suna Yan and Guangzhou Golden Pomegranate Digital Media Co., Ltd. were fully repaid during twelve months ended December 31, 2024. |
|
| Schedule of Future Obligations for Loans from Related Parties |
As
of December 31, 2025, the Group’s future obligations for loans from related parties according to the terms of the loans are
as follows:
| For the Year
ending December 31, | |
RMB | | |
US$ | |
| 2026 | |
| 22,770,459 | | |
| 3,256,131 | |
| 2027 | |
| 6,632,150 | | |
| 948,385 | |
| 2028 | |
| 6,632,150 | | |
| 948,385 | |
| 2029 | |
| 6,632,150 | | |
| 948,385 | |
| 2030 | |
| 363,023,009 | | |
| 51,911,600 | |
| Total
future loan payments | |
| 405,689,918 | | |
| 58,012,886 | |
| Less:
Imputed interest | |
| 34,100,750 | | |
| 4,876,342 | |
| Total
loans from related parties | |
| 371,589,168 | | |
| 53,136,544 | |
|
| Schedule of Sales and Purchase from Related Party |
| | | | | For the Years Ended December 31, | | | | | Nature | | 2023 | | | 2024 | | | 2025 | | | 2025 | | | | | | | RMB | | | RMB | | | RMB | | | US$ | | | Guangzhou Zhiyao Cloud Technology Co., Ltd. (previously known as Guangzhou Guozhi Pharmaceutical Co., Ltd.) | | Drug sales | | | 123,073 | | | | 1,229,139 | | | | 555,262 | | | | 79,401 | | | | | | | For the Years Ended December 31, | | | | | Nature | | 2023 | | | 2024 | | | 2025 | | | 2025 | | | | | | | RMB | | | RMB | | | RMB | | | US$ | | | Guangzhou Aopolikang Biotechnology Co., Ltd. | | Drug purchase | | | 142,031 | | | | 25,499 | | | | 9,041 | | | | 1,293 | |
|
| Schedule of Consulting Service Provided from a Related Party |
| | | | | For the Years Ended December 31, | | | | | Nature | | 2023 | | | 2024 | | | 2025 | | | 2025 | | | | | | | RMB | | | RMB | | | RMB | | | US$ | | | Guangzhou Zhiyao Cloud Technology Co., Ltd. | | Advertising service | | | — | | | | — | | | | 546,060 | | | | 78,086 | |
|
| Schedule of Consulting Service Provided from a Related Party |
| | | | | For the Years Ended December 31, | | | | | Nature | | 2023 | | | 2024 | | | 2025 | | | 2025 | | | | | | | RMB | | | RMB | | | RMB | | | US$ | | | Guangzhou Aopolikang Biotechnology Co., Ltd. | | Consulting service | | | 431,346 | | | | — | | | | — | | | | — | |
|
| Schedule of Interest Expense to Related Parties |
| | |
For
the Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Zhenyang
Shi | |
| 7,361,275 | | |
| 6,672,018 | | |
| 6,636,661 | | |
| 949,030 | |
| Li
Xu | |
| 288,000 | | |
| 265,872 | | |
| 30,420 | | |
| 4,350 | |
| Wanmei
Shi | |
| 66,000 | | |
| — | | |
| — | | |
| — | |
| Guoji
Luo | |
| 4,800 | | |
| — | | |
| — | | |
| — | |
| Nanjing
Benyu Investments Management Limited | |
| 810,000 | | |
| 766,789 | | |
| 658,219 | | |
| 94,124 | |
| Aihua
Peng | |
| 1,265,096 | | |
| 916,570 | | |
| 792,860 | | |
| 113,377 | |
| Guangzhou
Zhiyao Cloud Technology Co., Ltd. (previously known as Guangzhou Guozhi Pharmaceutical Co., Ltd.) | |
| 105,246 | | |
| — | | |
| — | | |
| — | |
| Total | |
| 9,900,417 | | |
| 8,621,249 | | |
| 8,118,160 | | |
| 1,160,881 | |
|