Prepayment and Other Current Assets, Net

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Prepayment and Other Current Assets, Net [Abstract]

Prepayment and other current assets, net

6. Prepayment and other current assets, net

The following is a summary of prepayments and other current assets:

	December 31, 2023			June 30, 2024
	RMB			RMB
				(Unaudited)
Deductible VAT		382			355
Deposits		6,592			4,504
Receivables due from third-party online payment platforms		640			844
Staff advances		1,111			195
Receivable from borrowers for the guarantee payment to commercial bank		18,218			18,212
Others		12,318			2,199
Less: provisions for prepayment and other current assets		(23,275	)		(18,212	)
Total prepayment and other current assets, net		15,986			8,097

The Group recognized provisions for prepayment and other current assets of RMB3,360 and nil for the six months ended June 30, 2023 and 2024, respectively. The Group reversed provisions for prepayment and other current assets of nil and RMB6 for the six months ended June 30, 2023 and 2024, respectively.

6. Prepayment and other current assets, net

The following is a summary of prepayments and other current assets:

	December 31, 2022			December 31, 2023
	RMB			RMB
Deductible VAT		1,625			382
Deposits		7,984			6,592
Receivables due from third-party online payment platforms		1,197			640
Staff advances		1,336			1,111
Prepaid promotion expenses		40,295			-
Receivable from borrowers for the guarantee payment to commercial bank		14,857			18,218
Others		11,047			12,318
Less: provisions for prepayment and other current assets		(31,733	)		(23,275	)
Total prepayment and other current assets, net		46,608			15,986

The Group recognized provisions for prepayment and other current assets of RMB6,125, RMB9,035 and RMB3,360 in 2021, 2022 and 2023, respectively. The Group reversed provisions for prepayment and other current assets of nil, nil and RMB11,818 in 2021, 2022 and 2023, respectively.