XML 37 R17.htm IDEA: XBRL DOCUMENT v3.25.1
Long-term investments
12 Months Ended
Dec. 31, 2024
Long-term Investments  
Long-term investments

Note 10 — Long-term investments

 

Long-term investments consist of the following:

 

                       
    December 31,
2023
    December 31,
2024
    December 31,
2024
 
    RMB     RMB     USD  
5.0% Investment in a company in mobile games industry     600,000       600,000       83,468  
5.0% Investment in a company in central processing advertising algorithm services     600,000       600,000       83,468  
Subtotal     1,200,000       1,200,000       166,936  
Less: Impairment loss     1,102,938       1,102,938       153,433  
Total     97,062       97,062       13,503  

 

During the years ended December 31, 2023 and 2024, the Company’s long-term investments amounted to RMB 97,062 and RMB 97,062 (USD 13,503), respectively. The Company made impairment allowance of equity method investments with the amount of RMB 534,031 (USD 74,291) for the company in mobile games industry and RMB 568,907 (USD 79,142) for the company in central processing.