v3.26.3
Loans from Third Parties (Tables)
 6 Months Ended
Jun. 30, 2026
Loans from Third Parties [Abstract]  
Schedule of Loans from Third Parties
As of June 30, 2026   Balance     Maturity
Date		   Effective
Interest
Rate		   Collateral/
Guarantee
    RMB     US$              
Short-term loans from third parties(a)     636,691       93,837     Due on demand   N/A   N/A
      1,000,000       147,381     31 December 2026   18.00%   Zhenyang Shi
Total     1,636,691       241,218              

 

As of June 30, 2026   Balance     Maturity
Date		   Effective
Interest
Rate		   Collateral/
Guarantee
    RMB     US$              
Long-term loans from third parties, noncurrent                        
Ping Fang(b)     2,000,582       294,849     December 31, 2027   RMB16,000 per month (approximately 9.6% per annum)   N/A

 

As of June 30, 2026   Balance     Maturity
Date		   Effective
Interest
Rate		   Collateral/
Guarantee
    RMB     US$              
Long-term loans from third parties, current                        
Xueyi Xie(c)     150,000       22,107     December 31, 2026   N/A   N/A

 

As of December 31, 2025   Balance     Maturity
Date		   Effective
Interest
Rate		   Collateral/
Guarantee
    RMB              
Short-term loans from third parties(a)     610,637     Due on demand   N/A   N/A

 

 

As of December 31, 2025   Balance     Maturity
Date		   Effective
Interest
Rate		   Collateral/
Guarantee
    RMB              
Long-term loans from third parties, noncurrent                    
Ping Fang(b)     2,000,582     December 31, 2027   RMB16,000 per month (approximately 9.6% per annum)   N/A

 

As of December 31, 2025   Balance     Maturity
Date		   Effective
Interest
Rate		   Collateral/
Guarantee
    RMB              
Long-term loans from third parties, current                  
Xueyi Xie(c)     200,000     December 31, 2026   N/A   N/A

 

(a) The Group entered into various loans agreements with individuals to facilitate its business operations. For six months ended June 30, 2025 and 2026, newly obtain loan from third parties was RMB1,600,000 and RMB1,259,955(US$185,694), respectively. As of December 31, 2025 and June 30, 2026, the Group did not fully repay the loans which were due on demand, and these entity and individuals may request the Group to repay the loan at any time.
   
(b) The loan was renewed in 2025 with maturity date of December 31, 2027.
   
(c) The loan was renewed in 2025 with maturity date of December 31, 2026.
Schedule of Future Obligations for the Loans from Third Parties

As of June 30, 2026, the Group’s future obligations for the loans from third parties according to the terms of the loans are as follows:

 

For the years ending June 30,   RMB     US$  
2027     2,068,691       304,887  
2028     2,096,582       308,997  
Total future loan payments     4,165,273       613,884  
Less: Imputed interest     378,000       55,710  
Total loans from third parties     3,787,273       558,174