v3.25.3
Loans (Tables)
 6 Months Ended
Jun. 30, 2025
Loans [Abstract]  
Schedule of Outstanding Balances of Loans

Outstanding balances of loans consist of the following:

 

   Balance      Interest    
As of June 30, 2025  RMB   USD   Maturity Date  Rate   Collateral/Guarantee
Short-term loan                  
Industrial Bank Jilin Branch (1)   5,000    698   August 1, 2025   Fixed rate
4.30		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (2)   8,000    1,117   December 10, 2025   Fixed rate
4.30		%  Collateral: buildings and land use right
Industrial Bank Hong Kong Branch (3)   20,963    2,926   November 25, 2025   Fixed rate
3.15		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (4)   21,900    3,056   March 23, 2026   Fixed rate
4.20		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (5)   5,000    698   March 30, 2026   Fixed rate
4.20		%  Collateral: buildings and land use right
China Minsheng Bank Jilin Branch (6)   3,000    419   September 9, 2025   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
China Minsheng Bank Jilin Branch (7)   1,990    278   September 18, 2025   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
China Minsheng Bank Jilin Branch (8)   3,000    419   February 6, 2026   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
China Minsheng Bank Jilin Branch (9)   2,010    281   February 21, 2026   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
Bank of Jilin (10)   10,000    1,396   March 24, 2026   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
Total   80,863    11,288            
Long-term loan-current portion                     
Industrial Bank Jilin Branch (11)   200    28   November 5, 2027   Fixed rate
4.00		%  Collateral: buildings and land use right
Total   200    28            
Long-term loan                     
Industrial Bank Jilin Branch (11)   4,700    656   November 5, 2027   Fixed rate
4.00		%  Collateral: buildings and land use right
Total   4,700    656            
   Balance      Interest    
As of December 31, 2024  RMB   Maturity Date  Rate   Collateral/Guarantee
Short-term loan                
Industrial Bank Jilin Branch (12)   5,000   March 25, 2025   Fixed rate
4.35		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (13)   21,900   March 25, 2025   Fixed rate
4.35		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (14)   5,000   May 12, 2025   Fixed rate
4.30		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (1)   5,000   August 1, 2025   Fixed rate
4.30		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (2)   8,000   December 10, 2025   Fixed rate
4.30		%  Collateral: buildings and land use right
Industrial Bank Hong Kong Branch (3)   19,543   November 25, 2025   Fixed rate
3.15		%  Collateral: buildings and land use right
China Minsheng Bank Jilin Branch (15)   3,000   January 8, 2025   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
China Minsheng Bank Jilin Branch (16)   2,010   February 5, 2025   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
China Minsheng Bank Jilin Branch (6)   3,000   September 9, 2025   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
China Minsheng Bank Jilin Branch (7)   1,990   September 18, 2025   Fixed rate
3.85		%  Guarantee: Jilin Zhengye Group Co., Ltd.
Total   74,443            
Long-term loan-current portion                
Industrial Bank Jilin Branch (17)   6,990   April 10, 2025   Fixed rate
4.90		%  Collateral: buildings and land use right
Industrial Bank Jilin Branch (11)   200   November 5, 2027   Fixed rate
4.00		%  Collateral: buildings and land use right
Total   7,190            
Long-term loan                
Industrial Bank Jilin Branch (11)   4,800   November 5, 2027   Fixed rate
4.00		%  Collateral: buildings and land use right
Total   4,800            

 

(1) On August 7, 2024, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB5,000 from August 7, 2024 to August 1, 2025. The loan bears a fixed annual interest rate of 4.30%. As of June 30, 2025, the remaining balance was RMB5,000 (US$698).
   
(2) On December 10, 2024, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB8,000 from December 11, 2024 to December 10, 2025. The loan bears a fixed annual interest rate of 4.30%. As of June 30, 2025, the remaining balance was RMB8,000 (US$1,117).
   
(3) On November 29, 2024, Jilin Zhengye obtained a working capital loan of JPY422.7 million (approximately RMB20.2 million) from Industrial Bank Hong Kong Branch (“the JPY Loan”), with a floating interest rate of Tokyo Overnight Average rate plus 0.65% payable on monthly basis. The maturity date of the JPY Loan is November 25, 2025.
   
(4) On March 25, 2025, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB21,900 from March 25, 2025 to March 23, 2026. The loan bears a fixed annual interest rate of 4.20%. As of June 30, 2025, the remaining balance was RMB21,900 (US$3,056).
(5) On March 31, 2025, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB5,000 from March 31, 2025 to March 30, 2026. The loan bears a fixed annual interest rate of 4.20%. As of June 30, 2025, the remaining balance was RMB5,000 (US$698).
   
(6) On September 9, 2024, Jilin Zhengye entered into a bank loan agreement with China Minsheng Bank Jilin Branch to borrow RMB3,000 from September 9, 2024 to September 9, 2025. The loan bears a fixed annual interest rate of 3.85%. As of June 30, 2025, the remaining balance was RMB3,000 (US$419).
   
(7) On September 18, 2024, Jilin Zhengye entered into a bank loan agreement with China Minsheng Bank Jilin Branch to borrow RMB1,990 from September 18, 2024 to September 18, 2025. The loan bears a fixed annual interest rate of 3.85%. As of June 30, 2025, the remaining balance was RMB1,990 (US$278).
   
(8) On February 6, 2025, Jilin Zhengye entered into a bank loan agreement with China Minsheng Bank Jilin Branch to borrow RMB3,000 from February 6, 2025 to February 6, 2026. The loan bears a fixed annual interest rate of 3.85%. As of June 30, 2025, the remaining balance was RMB3,000 (US$419).
   
(9) On February 21, 2025, Jilin Zhengye entered into a bank loan agreement with China Minsheng Bank Jilin Branch to borrow RMB2,010 from February 21, 2025 to February 21, 2026. The loan bears a fixed annual interest rate of 3.85%. As of June 30, 2025, the remaining balance was RMB2,010 (US$281).
   
(10) On March 25, 2025, Jilin Zhengye entered into a bank loan agreement with Bank of Jilin to borrow RMB10,000 from March 28, 2025 to March 24, 2026. The loan bears a fixed annual interest rate of 3.85%. As of June 30, 2025, the remaining balance was RMB10,000 (US$1,396).
   
(11) On November 8, 2024, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB5,000 from November 8, 2024 to November 5, 2027. The loan bears a fixed annual interest rate of 4.00%. Jilin Zhengye repaid RMB100 of the loan in accordance with the agreed repayment plan on March 21, 2025. As of June 30, 2025, the remaining balance was RMB4,900 (US$684).
   
(12) On March 28, 2024, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB5,000 from March 28, 2024 to March 25, 2025. The loan bears a fixed annual interest rate of 4.35%. Jilin Zhengye fully repaid the loan on March 25, 2025.
   
(13) On March 28, 2024, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB21,900 from March 28, 2024 to March 25, 2025. The loan bears a fixed annual interest rate of 4.35%. Jilin Zhengye fully repaid the loan on March 25, 2025.
   
(14) On May 13, 2024, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB5,000 from May 13, 2024 to May 12, 2025. The loan bears a fixed annual interest rate of 4.30%. Jilin Zhengye fully repaid the loan on April 1, 2025.
   
(15) On January 8, 2024, Jilin Zhengye entered into a bank loan agreement with China Minsheng Bank Jilin Branch to borrow RMB3,000 from January 8, 2024 to January 8, 2025. The loan bears a fixed annual interest rate of 3.85%. Jilin Zhengye fully repaid the loan on January 8, 2025.
   
(16) On February 5, 2024, Jilin Zhengye entered into a bank loan agreement with China Minsheng Bank Jilin Branch to borrow RMB2,010 from February 5, 2024 to February 5, 2025. The loan bears a fixed annual interest rate of 3.85%. Jilin Zhengye fully repaid the loan on January 8, 2025.
   
(17) On April 8, 2022, Jilin Zhengye entered into a bank loan agreement with Industrial Bank Jilin Branch to borrow RMB9,990 from April 11, 2022 to April 10, 2025. The loan bears a fixed annual interest rate of 4.90%. Jilin Zhengye fully repaid the loan on April 1, 2025.
Schedule of Future Long-term Loan Obligations

As of June 30, 2025, the Company’s future long-term loan obligations according to the terms of the loan agreement are as follows:

 

   RMB   US$ 
The six months ended December 31, 2025   100    14 
The twelve months ended   -    - 
2026   200    28 
2027   4,600    642 
    4,900    684