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Concentration

12 Months Ended

Dec. 31, 2023

Concentration [Abstract]

CONCENTRATION

17. CONCENTRATION

The following table sets forth information as to each customer that accounted for 10% or more of total accounts receivable as of December 31, 2022 and 2023.

		As of December 31, 2022								As of December 31, 2023
Customer		Amount				% of Total				Amount				% of Total				Amount
		RMB				%				RMB				%				US$
A			4,393,790				13.0	%			7,025,390				17.0	%			991,908
B			4,376,768				13.0	%			*				*				*

* Represented the percentage below 10%

The following table sets forth information as to each customer that accounted for 10% or more of total revenue for the years ended December 31, 2021, 2022 and 2023.

For the year ended December 31,

For the year ended December 31,

For the year ended December 31,

2021

2022

2023

Customer

Amount

% of Total

Amount

% of Total

Amount

% of Total

Amount

RMB

RMB

RMB

US$

C

*

*

117,415,978

18.0

%

*

*

*

B

71,419,145

13.1

%

73,423,394

11.3

%

*

*

*

D

*

*

*

*

61,254,669

12.3

%

8,648,491

E

*

*

*

*

60,840,708

12.2

%

8,590,044

* Represented the percentage below 10%

The following table sets forth information as to each supplier that accounted for 10% or more of total accounts payable as of December 31, 2022 and 2023.

		As of								As of
		December 31, 2022								December 31, 2023
Supplier		Amount				% of Total				Amount				% of Total				Amount
		RMB								RMB				%				US$
Cargo Link Logistics HK Company Limited			7,185,007				28.1	%			6,248,193				13.5	%			870,270
A			3,261,998				12.8	%			*				*				*
B			*				*				9,302,019				20.0	%			1,313,344
C			*				*				6,801,207				14.6	%			960,256

* Represented the percentage below 10%

The following table sets forth information as to each supplier that accounted for 10% or more of total purchase for the years ended December 31, 2021, 2022 and 2023.

		For the year ended December 31,								For the year ended December 31,								For the year ended December 31,
		2021								2022								2023
Supplier		Amount				% of Total				Amount				% of Total				Amount				% of Total				Amount
		RMB								RMB								RMB				%				US$
D			*				*				122,901,742				20.0	%			*				*				*
Cargo Link Logistics HK Company Limited			185,858,692				36.4	%			121,455,797				19.8	%			62,063,334				12.1	%			8,762,666
E			*				*				*				*				60,165,266				11.7	%			8,494,679
F			*				*				*				*				56,607,369				11.0	%			7,992,343

* Represented the percentage below 10%

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//275/tableOfContent

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X

- References

No definition available.

+ Details

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