| Schedule of Balance of 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 | |
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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 | |
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| Schedule of Movements in Allowance of Doubtful Accounts |
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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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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