v3.26.1
Accounts receivable, net
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Accounts receivable, net

Note 5 — Accounts receivable, net

 

Accounts receivable, net consist of the following:

 

                       
    December 31,
2025		     June 30,
2026		     June 30,
2026		  
    RMB     RMB     USD  
    (Audited)     (Unaudited)     (Unaudited)  
Accounts receivable     27,669,404       20,975,050       3,079,630  
Less: allowance for credit loss     (5,513,270 )     (3,183,129 )     (467,358 )
Accounts receivable, net     22,156,134       17,791,921       2,612,272  

 

The following table summarizes the changes in allowance for credit loss:

 

                       
    December 31,
2025		     June 30,
2026		     June 30,
2026		  
    RMB     RMB     USD  
    (Audited)     (Unaudited)     (Unaudited)  
Beginning balance     4,030,967       5,513,270       784,383  
Allowance for credit loss     2,306,700       108,423       15,724  
Write-off     (51,892 )     (1,883,741 )     (273,180 )
Other changes - Deconsolidation     (772,505 )     (554,823 )     (80,461 )
Exchange rate difference     -       -       20,892  
Ending balance     5,513,270       3,183,129       467,358  

 

For the six months ended June 30, 2026, the Company recognized allowance for expected credit loss of RMB 108,423, which was recorded in operating expenses and recognized write-off of RMB 1,883,741. The write-offs mainly related to long-outstanding receivables from prior years that were determined to be unrecoverable and were unrelated to the deregistration of Shenzhen Yushian Technology Co., Ltd.