| Advance to suppliers, net |
4. Advance to suppliers, net The balance of advance to suppliers, net consists of the following: | | | As of | | | | | June 30,
2025 | | | December 31,
2025 | | | | | RMB | | | RMB | | | | | | | | (Unaudited) | | | AIGC Research and Development Services | | | 14,347,600 | | | | 19,098,760 | | | IP Digitalization | | | 11,070,276 | | | | 5,055,824 | | | 2025 Advertising Campaign -Calleton Brand | | | - | | | | 2,500,000 | | | 2025 Advertising Campaign -Namei Brand | | | - | | | | 2,320,000 | | | 2025 Advertising Campaign -FoodTalks Brand | | | - | | | | 1,930,000 | | | 2025 Advertising Campaign -Hongxiangji Brand | | | - | | | | 1,785,000 | | | 2025 Advertising Campaign -Eisansun Brand | | | - | | | | 1,402,170 | | | 2025 Advertising Campaign -KAMYUEN Brand | | | - | | | | 1,329,751 | | | 2025 Advertising Campaign -Wubeizi Brand | | | - | | | | 1,328,000 | | | 2025 Advertising Campaign -Sixiangshan Brand | | | - | | | | 1,300,000 | | | 2025 Advertising Campaign -SUPOR Brand | | | - | | | | 1,144,876 | | | 2025 Advertising Campaign -Langjiu Brand | | | - | | | | 1,113,208 | | | 2025 Advertising Campaign -Huangshanghuang Brand | | | - | | | | 1,000,000 | | | 2025 Advertising Campaign -By-health Brand | | | - | | | | 978,000 | | | 2025 Advertising Campaign -Kaweiduo Brand | | | - | | | | 635,854 | | | 2026 Hong Kong Sailing Week 2026 and 29er Asian Sailing Championship | | | - | | | | 2,505,510 | | | 2025 Hong Kong Open Badminton Championship | | | - | | | | 715,860 | | | Others | | | 540,132 | | | | 535,561 | | | Total | | | 25,958,008 | | | | 46,678,372 | | | Less: allowance of doubtful accounts | | | - | | | | - | | | Total advance to suppliers, net | | | 25,958,008 | | | | 46,678,372 | | | (1) | For the year ended June 30, 2025, the Group wrote off advance to suppliers of RMB4,871,715 for the relevant prepayments was determined to be not collectable.For the six months ended December 31, 2025, there was nil write off for the prior period impairment made due to the collection of such prepayment from suppliers. | | | | As of | | | | | June 30,
2025 | | | December 31,
2025 | | | | | RMB | | | RMB | | | | | | | | (Unaudited) | | | Beginning balance | | | 4,871,715 | | | | - | | | Additions | | | - | | | | - | | | Reversal | | | - | | | | - | | | Write-off | | | (4,871,715 | ) | | | - | | | Ending balance | | | - | | | | - | |
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| 5. | Advance to suppliers, net | The balance of advance to suppliers, net consisted of the following: | | | As of June 30, | | | | | 2024 | | | 2025 | | | | | RMB | | | RMB | | | AIGC Research and Development Services | | | - | | | | 14,347,600 | | | IP Digitalization | | | - | | | | 11,070,276 | | | 2021 Baoding Marathon | | | 3,870,439 | | | | - | | | 2023 Wanfenglin Half Marathon | | | 532,011 | | | | - | | | 2022 Kunming Plateau half horse | | | 560,506 | | | | - | | | 2025 Youyang Jinxiu Flower Field and Iris Grassland Ecological Half Marathon Online Promotion | | | - | | | | 481,132 | | | 2022 Guizhou Ring Leigong Mountain Marathon | | | 440,770 | | | | - | | | 2024 Harbin Longevity Forest Marathon | | | 4,230,000 | | | | - | | | 2024 Golden Show Half Marathon | | | 2,676,000 | | | | - | | | 2023 Pony fun exercise class | | | 128,277 | | | | - | | | 2023 Beautiful Creation Camp | | | 42,242 | | | | - | | | 2025 Advertising Campaign -Good Family Brand | | | - | | | | 59,000 | | | Others | | | 478,101 | | | | - | | | Total | | | 12,958,346 | | | | 25,958,008 | | | Less: allowance of credit losses | | | (4,871,715 | ) | | | - | | | Total advance to suppliers, net | | | 8,086,631 | | | | 25,958,008 | | | (1) | For the year ended June 30, 2022, the Group wrote off advance to suppliers of RMB2,848,086 for one event as a result of the cancellation of such event and relevant prepayments was determined to be not collectable. For the year ended June 30, 2023, the Group made allowance of advance to suppliers of RMB5,216,045 for three events as a result of the cancellation of such events and un-collectability of the prepayments that had been consumed. For the year ended June 30, 2024, there was RMB344,330 reversal for the prior period impairment made due to the collection of such prepayment from suppliers. For the year ended June 30, 2025, the Group wrote off advance to suppliers of RMB4,871,715 for the relevant prepayments was determined to be not collectable. | The movements in the allowance of doubtful accounts were as follows: | | | For the years ended June 30, | | | | | 2023 | | | 2024 | | | 2025 | | | | | RMB | | | RMB | | | RMB | | | Beginning balance | | | - | | | | 5,216,045 | | | | 4,871,715 | | | Additions | | | 5,216,045 | | | | - | | | | - | | | Reversal | | | - | | | | (344,330 | ) | | | - | | | Write-off | | | - | | | | - | | | | (4,871,715 | ) | | Ending balance | | | 5,216,045 | | | | 4,871,715 | | | | - | |
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