v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Currency Exchange Rates The following table outlines the currency exchange rates that were used in preparing the consolidated financial statements, representing the index rates stipulated by the Bank of China:
USD against RMB   December 31, 2023   December 31, 2024   December 31, 2025
Year-end spot rate   USD1=RMB7.0827   USD1=RMB7.1884   USD1=RMB7.0288
Average rate   USD1=RMB7.0456   USD1=RMB7.1162   USD1=RMB7.1389

 

HKD against RMB   December 31, 2023   December 31, 2024   December 31, 2025
Year-end spot rate   HKD1=RMB0.9056   HKD1=RMB0.9249   HKD1=RMB0.9032
Average rate   HKD1=RMB0.8999   HKD1=RMB0.9120   HKD1=RMB0.9160
Schedule of Estimated Residual Value of the Assets

Property and equipment is stated at cost less accumulated depreciation and impairment, if any, and depreciated on a straight-line basis over the estimated useful lives with an estimated residual value of the assets as follows:

 

Category   Estimated
useful lives
Land   Infinite
Buildings   25 years
Motor vehicles   4 - 5 years
Electronic equipment   1 - 5 years
Machinery   5 - 10 years
Other equipment   5 years
Schedule of Estimated Useful Live of the Asset Intangible assets are amortized using the straight-line basis over the estimated useful live of the asset as follows:
Category   Estimated
useful lives
Software   5 - 10 years
Schedule of Disaggregation of the Group’s Revenue

The following table identifies the disaggregation of the Group’s revenue for the years ended December 31, 2023, 2024 and 2025, respectively:

 

   FY 2023   FY 2024   FY 2025 
Revenue Categories  (RMB)   %   (RMB)   %   (RMB)   (US$)   % 
Type A: Freight forwarding services   342,582,431    68.8%   323,111,187    57.2%   329,564,346    46,887,711    54.9%
- Integrated cross-border logistics   219,651,690    44.1%   202,938,808    35.9%   229,926,612    32,712,072    38.3%
- Fragmented logistics   91,825,049    18.4%   101,450,687    18.0%   72,603,910    10,329,489    12.1%
- Chartered airline freight services   28,210,531    5.7%   13,524,979    2.4%   8,382,632    1,192,612    1.4%
- Warehouse services   2,895,161    0.6%   5,196,713    0.9%   18,651,192    2,653,538    3.1%
Type B: Supply chain management   152,630,138    30.7%   238,082,118    42.1%   264,261,031    37,596,892    44.0%
- International trading in relation to supply chain management   152,544,744    30.7%   238,081,468    42.1%   264,261,031    37,596,892    44.0%
- Agent services   85,394    
-
%   650    
-
%   
-
    
-
    
-
%
Type C: Other services   2,655,631    0.5%   4,080,172    0.7%   6,950,115    988,805    1.1%
- Customs brokerage   2,544,116    0.5%   4,080,172    0.7%   4,645,107    660,868    0.8%
- Software development   111,515    
-
%   
-
    
-
%   
-
    
-
    
-
%
- Integrated station and customs services   
-
    
-
%   
-
    
-
%   2,305,008    327,937    0.3%
Total   497,868,200    100.0%   565,273,477    100.0%   600,775,492    85,473,408    100.0%
Schedule of Revenue Recognition

The following table presents revenue classified by timing of revenue recognition for the years ended December 31, 2023, 2024 and 2025, respectively.

 

   Year ended
December 31,
2023		   Year ended
December 31,
2024		   Year ended
December 31,
2025		 
   RMB   RMB   RMB   US$ 
Point in time   158,069,415    242,162,290    268,906,138    38,257,759 
Over time   339,798,785    323,111,187    331,869,354    47,215,649 
Total revenue   497,868,200    565,273,477    600,775,492    85,473,408 
Schedule of Contract Liabilities at the Beginning of the Reporting Period

The following table shows the amounts of revenue recognized in the current reporting period that were included in the contract liabilities at the beginning of the reporting period:

 

   2023   2024   2025 
   RMB   RMB   RMB   US$ 
Revenue recognized that was included in contract liabilities at the beginning of the reporting period:   1,989,310    4,259,197    3,075,355    437,536