v3.26.3
Other Receivables, Net
 6 Months Ended
Jun. 30, 2026
Other Receivables, Net [Abstract]  
OTHER RECEIVABLES, NET

Note 6 — OTHER RECEIVABLES, NET

 

Other receivables consisted of the following:

 

    As of
December 31,
2025		     As of
June 30,
2026		     As of
June 30,
2026		  
    RMB     RMB     US$  
Other deposits*     57,693,075       —       —  
Other current assets**     3,560,759       2,536,786       373,876  
Advance to employees***     1,303,893       1,306,943       192,620  
Deposits     1,300,673       1,357,176       200,023  
Prepaid expenses     1,308,166       1,209,180       178,211  
Others     622,002       656,227       96,716  
Subtotal     65,788,568       7,066,312       1,041,446  
Allowance for expected credit losses     (2,270,607 )     (2,264,607 )     (333,762 )
Total     63,517,961       4,801,705       707,684  

 

* Other deposits represent pre-paid amounts for public relation and marketing advisory agreements, which are refundable due to their cancellation or termination.

 

** Other current assets represent the balance of input of value added tax (“VAT”) which will be deductible from output VAT incurred in the next twelve months.

 

*** Advance to employees represent cash paid in advance to employees for the business expenses that are anticipated to be incurred by the employee on behalf of the Group and loan to employees that borrowers will repay over time.

 

The following table presents movement of allowance for expected credit losses against other receivables:

 

    For the Six Months Ended June 30,  
    2025     2026     2026  
    RMB     RMB     US$  
Balance at the beginning of the period     2,677,828       2,270,607       334,646  
Accrual     2,220       45,000       6,632  
Reversal     (601,758 )     (51,000 )     (7,516 )
Balance at the end of the period     2,078,290       2,264,607       333,762