The
following is a summary of prepayments and other current assets:
Summary
Of Prepayments And Other Current Assets
| | |
December
31, 2024 | | |
December
31, 2025 | |
| | |
| RMB | | |
| RMB | |
| Receivables
from a third-party financial institution (1) | |
| 92,012 | | |
| 89,969 | |
| Prepayments to vendors | |
| 11,513 | | |
| 17,131 | |
| Deposits | |
| 7,917 | | |
| 5,816 | |
| Receivables from third-party online payment
platform | |
| 3,143 | | |
| 12,392 | |
| Deductible VAT | |
| 7,117 | | |
| 8,844 | |
| Staff advances | |
| 878 | | |
| 622 | |
| Others | |
| 4,629 | | |
| 4,969 | |
| Sub-total | |
| 127,209 | | |
| 139,743 | |
| Less: allowance for
expected credit loss of receivables | |
| (92,103 | ) | |
| (90,060 | ) |
| Total | |
| 35,106 | | |
| 49,683 | |
| (1) | | In March 2024,
the Company encountered difficulties obtaining response from a third-party financial institution in which the Company had US$12.8 million
deposit remaining. The Company had recorded a full allowance of provision for credit loss amounting to US$12.8 million (RMB90.0 million)
for the Relevant Deposit for the year ended December 31, 2025. The Company’s management has been continuously following up on the
subsequent developments of the matter by seeking legal advice on the various possibilities. As of the report date, there has been no
substantial progress in this matter.
|
|