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EQUITY (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
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 |  |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | CNY |  |  | CNY |  |  | US$ |
Authorized: |  |  |  |  |  |  |  |  |  |  |  |
10,000,000 preferred shares, no par value |  |  | — |  |  |  | — |  |  |  | — |
200,000,000 common shares, no par value |  |  | — |  |  |  | — |  |  |  | — |
Common shares issued and fully paid: |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2023: 8,377,897 (December 31, 2022: 40,948,082*) common shares, no par value |  |  | 450,782 |  |  |  | 450,782 |  |  |  | 63,682 |
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 $3.00 per share. The Registered Offering was closed on February 21, 2024. |
schedule of issued capital shares combination |  |  |  |  |  |  |  |  |
|  | Number of shares |  |  | Share capital |
|  |  |  |  | CNY |  |  | US$ |
As of January 1, 2022，December 31, 2022 and January 1, 2023 |  |  | 40,948,082 |  |  |  | 450,782 |  |  |  | 63,682 |
Effect of Five-to-One Share Combination* |  |  | (32,750,185 | ) |  |  | — |  |  |  | — |
Equity-settled share-based payments |  |  | 180,000 |  |  |  | — |  |  |  | — |
As of December 31, 2023 |  |  | 8,377,897 |  |  |  | 450,782 |  |  |  | 63,682 |
* | The numbers of common shares above are before giving effect to the Share Combination which became effective on April 3, 2023. On April 3, 2023, the Company effected a share combination in which all of the Company's issued and outstanding ordinary shares were combined on a 5-to-1 basis. The basic and diluted earnings/(loss) per ordinary share has been retrospectively adjusted to reflect the impact of the share combination. All outstanding options, warrants and other rights to purchase the Company's common shares were adjusted proportionately as a result of the share combination.
Schedule of other capital reserves |  |
Schedule of other capital reserves |  |  |  |  |  |  |  |
|  |  | Other capital reserves |
|  |  | CNY |  |  |  | US$ |
As of January 1, 2022 |  |  | 719,110 |  |  |  | 101,589 |
Equity inventive share-based payment (Note 26) |  |  | 16,209 |  |  |  | 2,290 |
As of December 31, 2022 |  |  | 735,319 |  |  |  | 103,879 |
As of January 1, 2023 |  |  | 735,319 |  |  |  | 103,879 |
Deemed distribution from the controlling shareholder (Note 3) |  |  | 20,382 |  |  |  | 2,880 |
Equity-settled share-based payments |  |  | 3,074 |  |  |  | 435 |
As of December 31, 2023 |  |  | 758,775 |  |  |  | 107,194 |

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