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ACCOUNTS RECEIVABLE
12 Months Ended
Dec. 31, 2025
ACCOUNTS RECEIVABLE  
ACCOUNTS RECEIVABLE

7.ACCOUNTS RECEIVABLE

As at December 31, 

2024

2025

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

US$

Accounts receivable

 

94,052

90,205

12,899

Allowance for credit losses

 

(42,884)

(46,156)

(6,600)

Accounts receivable, net

 

51,168

44,049

6,299

The roll forward in the allowance for credit losses were as follows:

For the Years Ended December 31, 

2023

2024

2025

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

RMB

  ​ ​ ​

US$

Balance at the beginning of the year

 

7,764

30,486

42,884

6,132

Provisions for the year

22,752

12,857

3,994

571

Reversal of provisions from prior periods due to subsequent cash collection during the year

(30)

(420)

Amounts written off during the year

 

(39)

(722)

(103)

Balance at the end of the year

 

30,486

42,884

46,156

6,600

Provisions for allowance for doubtful debts are recorded in “general and administrative expenses” in the consolidated statements of comprehensive loss.

Accounts receivable with carrying value of RMB14,745 and RMB18,873 (US$2,699) were used to secure certain bank borrowings as at December 31, 2024 and 2025 respectively (note 19).