| Schedule of Related Parties |
Due from related parties:
| | |
As of December 31 | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
USD | |
| Current: | |
| | |
| | |
| |
| Yibon (i) | |
| 6,920,600 | | |
| 6,304,000 | | |
| 901,460 | |
| Hanyuan (ii) | |
| 6,732,977 | | |
| 6,623,958 | | |
| 947,213 | |
| Wen Qi (iii) | |
| 2,360,000 | | |
| 2,360,000 | | |
| 337,476 | |
| Yueyuan (ii) | |
| 640,000 | | |
| 135,995 | | |
| 19,447 | |
| Aotao (iv) | |
| 270,067 | | |
| 270,067 | | |
| 38,619 | |
| Jiangxia WM (vi) | |
| 858,000 | | |
| 123,000 | | |
| 17,589 | |
| Others (iv) | |
| 4,590,246 | | |
| 3,558,003 | | |
| 508,788 | |
| Less: credit losses | |
| (531,961 | ) | |
| (531,961 | ) | |
| (76,070 | ) |
| Total | |
| 21,839,929 | | |
| 18,843,062 | | |
| 2,694,522 | |
| | |
| | | |
| | | |
| | |
| Non-current: | |
| | | |
| | | |
| | |
| Apex (v) | |
| 110,000,000 | | |
| 110,000,000 | | |
| 15,729,791 | |
| Total | |
| 110,000,000 | | |
| 110,000,000 | | |
| 15,729,791 | |
| (i). | Current amounts due from Yibon mainly comprised of a loan repayable on demand with an interest rate of 6% per annum with pledge of one Yibon’s leased-and-operated hotel. |
| (ii). | Current amounts due from Hanyuan and Yueyuan are loans to them, who are the equity investees of the Group, for hotel improvement. |
| (iii). | Current amounts due from Wen Qi is a loan with a principal of RMB 2,360,000 (USD 337,476) with an interest rate of 7.9% per annum. |
| (iv). | The current amounts mainly consisted of accounts receivable due to daily operations with the related parties which were unsecured, interest free, and repayable upon demand. |
| (v). | Noncurrent amount due from a related party comprised of RMB 110,000,000 (USD 15,729,791) prepayments made by the Group to Apex to acquire a building for hotel business development. The Group has formally signed the purchase agreement with Apex, and the building was pledged to the Group to guarantee the related party’s performance. The prepayment is expected to be settled when the building is transferred to the Group (Note 23). |
| (vi). | The current amounts due from Jiangxia WM are a loan to the Group’s equity investee for hotel improvements. |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
USD | |
| Current: | |
| | |
| | |
| |
| Aotao (i) | |
| 13,323,770 | | |
| 14,963,304 | | |
| 2,139,724 | |
| Others (ii) | |
| 4,138,406 | | |
| 2,554,798 | | |
| 365,331 | |
| Total | |
| 17,462,176 | | |
| 17,518,102 | | |
| 2,505,055 | |
| (i). | Amounts due to Aotao comprised of the payable for advertising service from Aotao and loans from Aotao which were unsecured, interest free, and repayable upon demand. |
| (ii). | Amounts due to others represent the trade payables due to the normal business operation with related parties which were unsecured, interest free, and repayable upon demand. |
|
| Schedule of Related Party Transactions |
During the years ended
December 31, 2023, 2024 and 2025, related party transactions consisted of the following:
| | |
Years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
USD | |
| Loan to related parties | |
| | |
| | |
| | |
| |
| Loan to Jiangxia WM | |
| - | | |
| (858,000 | ) | |
| - | | |
| - | |
| Repayment from Jiangxia WM | |
| - | | |
| - | | |
| 735,000 | | |
| 105,104 | |
| Repayment from Yueyuan | |
| - | | |
| - | | |
| 504,005 | | |
| 72,072 | |
| Repayment from Hanyuan | |
| - | | |
| - | | |
| 109,018 | | |
| 15,589 | |
| Repayment from Yibon | |
| - | | |
| 363,347 | | |
| 232,000 | | |
| 33,176 | |
| Interest income from Yibon | |
| 465,500 | | |
| 395,694 | | |
| 362,083 | | |
| 51,777 | |
| Service provided by related parties | |
| (14,044 | ) | |
| (47,866 | ) | |
| (1,514,452 | ) | |
| (216,564 | ) |
| Goods purchased from related parties | |
| (2,837,072 | ) | |
| (1,939,754 | ) | |
| (1,309,221 | ) | |
| (187,216 | ) |
| Service provided to related parties | |
| 2,604,417 | | |
| 721,657 | | |
| 5,686,096 | | |
| 813,101 | |
| Goods sold to related parties | |
| 23,787 | | |
| 19,727 | | |
| - | | |
| - | |
|