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Deconsolidation | 12 Months Ended
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Dec. 31, 2024
Deconsolidation |
Deconsolidation | Note 5 — Deconsolidation Disposal of Bimai On January 1, 2023, Viwotong Tech entered into an equity transfer agreement to transfer 100% of the issued share capital of Bimai to one unrelated individual at RMB 0. The disposal resulted in a gain from disposal of approximately RMB 1.1 million. Disposal of Fe-da Electronics and its subsidiaries On April 6, 2023, the Company’s board approved the equity transfer agreement between VIYI and LIM TZEA, to transfer 100% equity interest of Fe-da Electronics Co., Ltd and its subsidiaries Wisdom Lab Inc., EXCEL Technology Co., Ltd. and recognized RMB 17,801,786 of loss from the transfer. Since the disposal did not represent any strategic change of the Company’s operation, the disposal was not presented as discontinued operations. Net assets of the entities disposed and loss on disposal was as follows as of the year end December 31, 2023:
Schedule of net assets of the entities disposed |  |  |  |  |  |  |  |
|  | RMB |  |  | USD |
Total current assets |  |  | 3,583,579 |  |  |  | 505,962 |
Total non-current assets |  |  | 115,270 |  |  |  | 16,275 |
Total assets |  |  | 3,698,849 |  |  |  | 522,237 |
Total liabilities |  |  | 301,464 |  |  |  | 42,563 |
Total net assets |  |  | 3,397,385 |  |  |  | 479,674 |
Total consideration |  |  | - |  |  |  | - |
Total loss on disposal |  |  | 17,801,786 |  |  |  | 2,526,259 |
Disposal of Shenzhen Yiyou Online Technology Co., Ltd. (“YY Online”) On May 20, 2024, the Company’s board of directors approved the equity transfer agreement between Hainan Weidong Technology Co., Ltd. (“Hainan Weidong”) and a related individual to transfer 100% equity interest of YY Online to the related individual with RMB 10 (USD 1.4). The disposal resulted in a gain from disposal of approximately RMB 1,416,187 (USD 197,010). Since the disposal did not represent any strategic change of the Company’s operation, the disposal was not presented as discontinued operations. Net assets of the entities disposed and loss on disposal was as follows as of the year end December 31, 2024:
|  | RMB |  |  | USD |
Total current assets |  |  | 216,613 |  |  |  | 30,134 |
Total non-current assets |  |  | 400,000 |  |  |  | 55,645 |
Total assets |  |  | 616,613 |  |  |  | 85,779 |
Total liabilities |  |  | 1,632,790 |  |  |  | 227,142 |
Total net assets |  |  | (1,016,177 | ) |  |  | (141,363 | )
Total consideration |  |  | 10 |  |  |  | 1 |
Total loss on disposal |  |  | 1,416,187 |  |  |  | 197,010 |
Disposal of Khorgas Weidong Technology Co., Ltd. (“Khorgas Weidong”) On October 21, 2024, the Company’s board of directors approved the disposal of Khorgas Weidong. The disposal resulted in a loss from disposal of approximately RMB 56,134,710 (USD 7,809,069). Since the disposal did not represent any strategic change of the Company’s operation, the disposal was not presented as discontinued operations.

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