4. ACCOUNTS RECEIVABLE, NET | | | As of December 31, | | | As of June 30, | | | | | 2025 | | | 2026 | | | | | RMB | | | RMB | | | USD | | | Accounts receivable | | | 368,660 | | | | 502,095 | | | | 73,719 | | | Less: allowance for credit loss | | | (25,877 | ) | | | (26,138 | ) | | | (3,837 | ) | | Accounts receivable, net | | | 342,783 | | | | 475,957 | | | | 69,882 | | Movement of allowance of doubtful accounts is as follows: | | | As of December 31, | | | As of June 30, | | | | | 2025 | | | 2026 | | | | | RMB | | | RMB | | | USD | | | Beginning balance | | | 22,589 | | | | 25,877 | | | | 3,799 | | | Charge to expense | | | 3,288 | | | | 261 | | | | 38 | | | Ending balance | | | 25,877 | | | | 26,138 | | | | 3,837 | |
|