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CASH AND CASH EQUIVALENTS
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Notes and other explanatory information [abstract]    
CASH AND CASH EQUIVALENTS

 

14.CASH AND CASH EQUIVALENTS

 

Cash and cash equivalents are set out below as of December 31, 2022 and June 30, 2023:

 

               
   December 31,   June 30, 
   2022   2023   2023 
   CNY   CNY   US$ 
   (Audited)   (Unaudited)   (Unaudited) 
             
Cash and cash equivalents               
- Cash on hand   71    5    1 
- Cash at bank   31,154    32,204    4,439 
- Short-term deposits   470             
               
Total Cash and cash equivalent   31,695    32,209    4,440 

 

The carrying amounts of the Group’s cash and cash equivalents are denominated in the following currencies:

 

                
    December 31,   June 30, 
    2022   2023   2023 
    CNY   CNY   US$ 
    (Audited)   (Unaudited)   (Unaudited) 
              
CNY    24,709    27,398    3,777 
US$    6,255    4,426    610 
HK$    731    385    53 
                 
     31,695    32,209    4,440 

 

Cash at banks earns interest at floating rates based on daily bank deposit rates. The bank balances and time deposits are deposited with creditworthy banks with no recent history of default.

 

 

17.CASH AND CASH EQUIVALENTS

 

Cash and cash equivalents are set out below as of December 31, 2021 and 2022:

                
   December 31, 
   2021   2022   2022 
   CNY   CNY   US$ 
             
Cash and cash equivalents               
- Cash on hand   74    71    10 
- Cash at bank   58,285    31,154    4,514 
- Short-term deposits         470    71 
               
 Total Cash and cash equivalent   58,359    31,695    4,595 
                

The carrying amounts of the Group’s cash and cash equivalents are denominated in the following currencies:

              
    December 31, 
    2021   2022   2022 
    CNY   CNY   US$ 
              
 CNY    37,333    24,709    3,582 
 US$    20,011    6,255    907 
 HK$    1,015    731    106 
                  
      58,359    31,695    4,595 
                  

 

Cash at banks earns interest at floating rates based on daily bank deposit rates. The bank balances and time deposits are deposited with creditworthy banks with no recent history of default.

 

As of December 31, 2022, the Group has pledged its short-term deposits to fulfil collateral requirements of a bank guarantee related to a new bidding associated with a potential business opportunity of construction projects.