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EQUITY (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity |
Schedule of issued capital |
Schedule of issued capital |  |  |  |  |  |  |  |  |
|  | December 31, |  |  | June 30, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | CNY |  |  | CNY |  |  | US$ |
|  | (Audited) |  |  | (Unaudited) |  |  | (Unaudited) |
Preferred shares authorized: June 30, 2024: 10,000,000, (December 31, 2023: 10,000,000) preferred shares, no par value |  |  |  |  |  |  |  |  |  |  |  |
Preferred shares issued and fully issued paid: June 30, 2024: Nil, (December 31, 2023: Nil) preferred shares, no par value |  |  | — |  |  |  | — |  |  |  | — |
Common shares authorized: June 30, 2024: 200,000,000, (December 31, 2023: 200,000,000) common shares, no par value |  |  |  |  |  |  |  |  |  |  |  |
Common shares issued and fully paid: |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2024: 9,865,767*, (December 31, 2023: 8,377,897) common shares, no par value |  |  | 450,782 |  |  |  | 450,782 |  |  |  | 62,029 |
Schedule of issued capital shares combination |
Schedule of issued capital shares combination |  |  |  |  |  |  |  |  |
|  | Number of shares |  |  | Share capital |
|  |  |  |  | CNY |  |  | US$ |
As of January 1, 2023 |  |  | 40,948,082 |  |  |  | 450,782 |  |  |  | 62,029 |
Effect of Five-to-One Share Combination |  |  | (32,750,185 | ) |  |  | — |  |  |  | — |
Equity-settled share-based payments |  |  | 180,000 |  |  |  | — |  |  |  | — |
As of December 31, 2023 and January 1, 2024 |  |  | 8,377,897 |  |  |  | 450,782 |  |  |  | 62,029 |
Common shares issued through private placement* |  |  | 1,487,870 |  |  |  | — |  |  |  | — |
As of June 30, 2024 |  |  | 9,865,767 |  |  |  | 450,782 |  |  |  | 62,029 |
* On February 16, 2024, the Company entered into a securities purchase agreement with certain institutional investors, pursuant to which the Company agreed to issue and sell, (i) in a registered direct offering, up to an aggregate of 1,487,870 of common shares with no par value of the Company at a per share purchase price of US$2.20 (the “Registered Offering”), and (ii) in a concurrent private placement, warrants initially exercisable for the purchase of an aggregate of 1,115,903 common shares of the Company at an exercise price of $3.00 per share. The registered Offering was closed on February 21, 2024.

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