v3.26.1
Revenue Information
 12 Months Ended
Dec. 31, 2025
Revenue Information [Abstract]  
REVENUE INFORMATION

25. REVENUE INFORMATION

 

The Group’s revenues consist of the following:

 

    For the year ended December 31,  
    2023     2024     2025  
    RMB     RMB     RMB     USD  
                         
Digital Agricultural Commerce Services:                        
Membership services     99,924       95,589       84,821       12,129  
Value-added services     65,850       52,712       47,755       6,829  
Transaction services     5,147       4,305       2,756       394  
Total Digital Agricultural Commerce Services     170,921       152,606       135,332       19,352  
Other Digital Agricultural Solutions     16,602       8,715       5,323       761  
Total revenues     187,523       161,321       140,655       20,113  

 

 

Timing of recognition

 

    For the year ended December 31,
    2023     2024     2025  
    RMB     RMB     RMB     USD  
                         
Revenue from services transferred to customers at a point in time     51,917       41,996       41,836       6,013  
Revenue from services transferred to customers over time     135,606       119,325       98,819       14,100  
Total revenues     187,523       161,321       140,655       20,113  

 

The Group generates revenue primarily from membership services and value-added services, which are generally recognized over time, and transaction services, which are primarily recognized at a point in time. Further details are provided in Note 2 – Revenue Recognition.

 

Membership services and a significant portion of value-added services are recognized over time, while transaction services are primarily recognized at a point in time.

 

Certain of the Group’s revenues include variable consideration, primarily relating to transaction-based service fees and potential refunds or service adjustments.

 

The Group estimates variable consideration based on historical experience and expected outcomes and includes such amounts in revenue only to the extent that it is probable that a significant reversal will not occur when the uncertainty is resolved. Adjustments to variable consideration, including refunds and reversals, are recognized in the period in which the underlying facts and circumstances change.

 

Under the requirements of ASC 606-10-50-8, the changes in contract liabilities are presented as follows:

 

    RMB     USD  
             
As of January 1, 2023   88,906     12,713  
Addition     169,811       24,283  
Recognized as revenue     (135,606 )     (19,391 )
Recognized tax amount allocated     (7,626 )     (1,091 )
Refund     (3,162 )     (452 )
As of December 31, 2023     112,323       16,062  
Addition     115,511       16,518  
Recognized as revenue     (119,325 )     (17,063 )
Recognized tax amount allocated     (7,385 )     (1,056 )
Refund     (798 )     (115 )
As of December 31, 2024     100,326       14,346  
Addition     93,842       13,419  
Recognized as revenue     (98,818 )     (14,130 )
Recognized tax amount allocated     (5,929 )     (848 )
Refund     (599 )     (85 )
As of December 31, 2025     88,822       12,702  

 

Of the total revenue recognized during the year ended December 31, 2025, RMB94,306 was included in the contract liabilities balance as of January 1, 2025.

 

The changes in contract liabilities were primarily driven by customer prepayments for services and subsequent revenue recognition as the related services were delivered.

 

Contract liabilities are classified as current or non-current based on the expected timing of revenue recognition, which corresponds to the remaining service period of the underlying contracts.

 

For the year ended December 31, 2023, 2024 and 2025, all of the Group’s revenues were generated in the PRC.