v3.26.3
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 7 — PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following:

 

    As of
December 31,
2025		     As of
June 30,
2026		     As of
June 30,
2026		  
    RMB     RMB     US$  
Leasehold improvements     4,758,936       4,758,936       701,380  
Office equipment and furniture     5,709,799       5,789,336       853,243  
Motor vehicles     1,661,721       1,007,296       148,457  
Total property and equipment     12,130,456       11,555,568       1,703,080  
Less: Accumulated depreciation and amortization     10,732,962       10,444,863       1,539,382  
Less: Impairment     150,926       230,464       33,966  
Property and equipment, net     1,246,568       880,241       129,732  

 

Total depreciation expense for property and equipment was RMB67,255 and RMB126,643 (US$18,665) for the six months ended June 30, 2025 and 2026, respectively.

 

The following table presents movement of impairment of property and equipment:

 

    For the Six Months Ended June 30,  
    2025     2026     2026  
    RMB     RMB     US$  
Balance at the beginning of the period     85,551       150,926       22,244  
Accrual     2,200       79,538       11,722  
Balance at the end of the period     87,751       230,464       33,966