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Related Party Balances and Transactions | 12 Months Ended
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Dec. 31, 2023
Related Party Balances and Transactions [Abstract] |
RELATED PARTY BALANCES AND TRANSACTIONS | 16. RELATED PARTY BALANCES AND TRANSACTIONS Accounts receivable - related parties As of December 31, 2022 and 2023, accounts receivable from a related party consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Shenzhen Feijia Supply Chain Management Co., Ltd |  | 43% shares owned by JYD YCKJ’s 48% interest minor shareholder |  | Logistic services |  |  | 1,676,016 |  |  |  | - |  |  |  | - |
|  |  |  |  |  |  | 1,676,016 |  |  |  | - |  |  |  | - |
As of December 31, 2022 and 2023, other receivable from related parties consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Winpass Logistics (HK) Co., Limited (“Winpass”) |  | 100% controlled by Xiaohua Jia |  | Net collection on behalf of the Group |  |  | - |  |  |  | 125,049 |  |  |  | 17,656 |
Shenzhen Zhongshun Jiean Estate Management Co., Ltd |  | 90% owned by Bao BingBing, management of JYD NJWL |  | Rent deposit |  |  | - |  |  |  | 39,809 |  |  |  | 5,620 |
|  |  |  |  |  |  | - |  |  |  | 164,858 |  |  |  | 23,276 |
For the year ended December 31, 2021, Winpass paid on behalf of Jayud in a total amount of RMB16,467,687 and collected a total amount of RMB18,601,890. For the year ended December 31, 2022, Winpass paid on behalf of Jayud in a total amount of RMB4,608,483 and collected a total amount of RMB4,606,87, which resulted in an outstanding balance of RMB1,371,882 included in other payable to related parties. For the year ended December 31, 2023, Winpass paid on behalf of Jayud in a total amount of RMB1,784,309 (US$251,925) and collected a total amount of RMB3,281,240 (US$463,275). Accounts payable - related parties As of December 31, 2022 and 2023, accounts payable to related parties consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Winpass Logistics (HK) Co., Limited |  | 100% controlled by Xiaohua Jia |  | Logistic services |  |  | 240,175 |  |  |  | 418,266 |  |  |  | 59,055 |
Cargo Link Logistics HK Company Limited |  | Owns 33% of shares of Sky Pacific Logistics HK Company Limited |  | Logistic services |  |  | 7,185,009 |  |  |  | 6,248,192 |  |  |  | 882,176 |
|  |  |  |  |  |  | 7,425,184 |  |  |  | 6,666,458 |  |  |  | 941,231 |
Loans payable - a related party As of December 31, 2022 and 2023, loan payable to a related party consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Xi’an Renrui Hydroacoustic Technology Engineering Co., Ltd (“Renrui”) |  | 40% owned by Bin Li |  | Loan |  |  | - |  |  |  | 3,000,000 |  |  |  | 423,567 |
|  |  |  |  |  |  | - |  |  |  | 3,000,000 |  |  |  | 423,567 |
On November 15, 2023, Jayud borrowed a short-term loan from Renrui of RMB3,000,000 (US$423,567) with interest of RMB30,000. The Group recorded an interest expense of RMB24,643(US$3,479) for the loan in 2023. The principle and interests were fully repaid in January 2024. Other payable - related parties As of December 31, 2022 and 2023, other payable to related parties consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Winpass Logistics (HK) Co., Limited |  | 100% controlled by Xiaohua Jia |  | Net payments on behalf of the Group |  |  | 1,371,882 |  |  |  | - |  |  |  | - |
Cargo Link Logistics HK Company Limited |  | Owns 33% of shares of Sky Pacific Logistics HK Company Limited |  | Net payments on behalf of the Group (a) |  |  | 663,976 |  |  |  | 686,609 |  |  |  | 96,941 |
Bin Li |  | Management of JYD SXGYL |  | Interest Payable (b) |  |  | 441,800 |  |  |  | 30,000 |  |  |  | 4,236 |
Xi’an Renrui Hydroacoustic Technology Engineering Co., Ltd (“Renrui”) |  | 40% owned by Bin Li |  | Interest Payable (b) |  |  | - |  |  |  | 24,643 |  |  |  | 3,479 |
Shenzhen Zhongshun Jiean Estate Management Co., Ltd (“Zhongshun”) |  | 90% owned by BingBing Bao, management of JYD NJWL |  | Rent payable (c) |  |  | - |  |  |  | 7,775,393 |  |  |  | 1,097,801 |
|  |  |  |  |  |  | 2,477,658 |  |  |  | 8,516,645 |  |  |  | 1,202,457 |
(a) | For the years ended December 31, 2021 and 2022, Cargo Link paid on behalf of the Group in a total amount of RMB364,588 and RMB153,101, respectively. The balance change from 2022 to 2023 of RMB12,185 (US$1,720) was mainly due to foreign exchange differences.,
(b) | On November 15, 2023, the Group borrowed short-term loans from Li Bin and Renrui each of RMB3,000,000 (US$423,567), with loan term of 20 days and 55 days, respectively. Interest was RMB30,000 for each loan. The principal of RMB3,000,000 (USD423,567) from Li Bin was fully repaid in December 2023, and the interest was repaid in January 2024.
(c) | In May 2023, the Group signed a 7-month lease agreement with Zhongshun for its offices and warehouses. As of December 31, 2023, rent payable of RMB7,775,393 (US$1,097,801) was outstanding.
Other payable – shareholders As of December 31, 2022 and 2023, other payable to shareholders consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Xiaogang Geng |  | Shareholder and CEO |  | Interest of shareholder loan |  |  | - |  |  |  | 16,465 |  |  |  | 2,325 |
Xiaogang Geng |  | Shareholder and CEO |  | Dividend |  |  | 6,225,000 |  |  |  | - |  |  |  | - |
Xiaohua Jia |  | Shareholder |  | Dividend |  |  | 712,500 |  |  |  | - |  |  |  | - |
Qing Wang |  | Shareholder |  | Business Reimbursement Payable |  |  | 43,336 |  |  |  | 20,564 |  |  |  | 2,903 |
|  |  |  |  |  |  | 6,980,836 |  |  |  | 37,029 |  |  |  | 5,228 |
Loans payable – a shareholder As of December 31, 2022 and as of December 31, 2023, loans payable to shareholders consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Xiaogang Geng |  | Shareholder and CEO |  | Loan (a) |  |  | - |  |  |  | 823,265 |  |  |  | 116,236 |
|  |  |  |  |  |  | - |  |  |  | 823,265 |  |  |  | 116,236 |
In August 2023, the Group borrowed a total amount of RMB823,265(US$116,236) with 6% interests from Geng Xiaogang. The principal and accumulated interest will be repaid when the loan is due in February 2025. Other payable – shareholders - non-current As of December 31, 2022 and 2023, other payable to shareholders consisted of the following:
Name |  | Relationship |  | Nature |  | As of December 31, 2022 |  |  | As of December 31, 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | US$ |
Xiaogang Geng |  | Shareholder and CEO |  | Dividend |  |  | - |  |  |  | 6,225,000 |  |  |  | 878,902 |
Xiaohua Jia |  | Shareholder |  | Dividend |  |  | - |  |  |  | 712,500 |  |  |  | 100,597 |
|  |  |  |  |  |  | - |  |  |  | 6,937,500 |  |  |  | 979,499 |
Shareholder transaction For the years ended December 31, 2021, 2022 and 2023, the Group had the following material shareholder transaction:
|  |  |  | For the years ended |
|  |  |  | December 31, |
Shareholder |  | Nature |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Dun Zhao (Director and CMO) |  | Interest expenses of a loan |  |  | 40,000 |  |  |  | 20,000 |  |  |  | - |  |  |  | - |
Xiaogang Geng |  | Interest expenses of a loan |  |  | - |  |  |  | - |  |  |  | 16,465 |  |  |  | 2,325 |
Related party transactions For the years ended December 31, 2021, 2022 and 2023, the Group had the following material related party transactions:
|  |  |  |  |  | For the years ended |
|  |  |  |  |  | December 31, |
Related Parties |  | Relationship |  | Nature |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Winpass Logistics (HK) Co., Limited |  | 100% controlled by Xiaohua Jia |  | Purchase of logistic services |  |  | 4,514,552 |  |  |  | 1,386,915 |  |  |  | 549,714 |  |  |  | 77,614 |
Cargo Link Logistics HK Company Limited |  | Owns 33% of shares of Sky Pacific Logistics HK Company Limited |  | Purchase of logistic services |  |  | 185,858,692 |  |  |  | 121,455,797 |  |  |  | 62,063,334 |  |  |  | 8,762,666 |
Cargo Link Logistics HK Company Limited |  | Owns 33% of shares of Sky Pacific Logistics HK Company Limited |  | Provided logistic services |  |  | 14,141,548 |  |  |  | 462,740 |  |  |  | - |  |  |  | - |
Cargo LINK Logistics (SHENZHEN) Company Limited |  | Owns 33% of shares of Sky Pacific Logistics HK Company Limited |  | Purchase of logistic services |  |  | 2,672,803 |  |  |  | - |  |  |  | - |  |  |  | - |
Shenzhen Feijia Supply Chain Management Co., Ltd |  | 43% shares owned by JYD YCKJ’s 48% interest minor shareholder |  | Provided logistic services |  |  | - |  |  |  | 2,078,746 |  |  |  | 196,575 |  |  |  | 27,754 |
Shenzhen Feijia Supply Chain Management Co., Ltd |  | 43% shares owned by JYD YCKJ’s 48% interest minor shareholder |  | Purchase of equipment |  |  | - |  |  |  | 441,800 |  |  |  | 108,407 |  |  |  | 15,306 |
Shenzhen Feijia Supply Chain Management Co., Ltd |  | 43% shares owned by JYD YCKJ’s 48% interest minor shareholder |  | Penalty for early termination of lease |  |  |  |  |  |  |  |  |  |  | 835,527 |  |  |  | 117,967 |
Xi’an Renrui Hydroacoustic Technology Engineering Co., Ltd |  | 40% owned by Bin Li |  | Provided logistic services |  |  | - |  |  |  | - |  |  |  | 4,749 |  |  |  | 670 |
Shenzhen Zhongshun Jiean Estate Management Co., Ltd |  | 90% owned by Bao BingBing, management of JYD NJWL |  | Rent of offices and warehouses |  |  | - |  |  |  | - |  |  |  | 14,469,603 |  |  |  | 2,042,950 |
Minfang Cheng |  | Legal representative of JYD XYX |  | Interest expenses of a loan |  |  | 12,000 |  |  |  | 6,000 |  |  |  | - |  |  |  | - |
Bin Li |  | Supervisor of JYD SXGYL |  | Interest expenses of a loan |  |  | - |  |  |  | - |  |  |  | 30,000 |  |  |  | 4,236 |
Xi’an Renrui Hydroacoustic Technology Engineering Co., Ltd |  | 40% owned by Bin Li |  | Interest expenses of a loan |  |  | - |  |  |  | - |  |  |  | 24,643 |  |  |  | 3,479 |

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483326/850-10-50-1 + Details
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