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Intangible Assets, Net
 6 Months Ended
Jun. 30, 2024
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET

10. INTANGIBLE ASSETS, NET

 

The following table presents the Group’s intangible assets as of the respective balance sheet dates:

 

   Purchased
software		   Internal - use
software		   Total   Total 
   RMB   RMB   RMB   US$ 
Net balance as of December 31, 2023   201    
          -
    201    28 
Additions   
-
    
-
    
-
    
-
 
Amortization expense   (34)   
-
    (34)   (5)
Net balance as of June 30, 2024   167    
-
    167    23 

 

The intangible assets are amortized using the straight-line method, which is the Group’s best estimate of how these assets will be economically consumed over their respective estimated useful lives of one to ten years.

 

Amortization expenses for intangible assets were RMB50 and RMB34 (US$5) for the six months ended June 30, 2023 and 2024, respectively. No impairment charge was recorded for the six months ended June 30, 2023 and 2024, respectively.

 

The annual estimated amortization expenses for the intangible assets for each of the next five years are as follows:

 

   RMB   US$ 
2024 (July – December)   36    5 
2025   70    10 
2026   61    8 
    167    23