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SHARE-BASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Share-based Payments  
Schedule of expense arising from share-based payments
                
   Year Ended December 31, 
   2021   2022   2022 
   CNY   CNY   US$ 
                
Issuance expense related to agent warrants   447    —     —  
Consultants share option expense (Note 6)       16,152    2,342 
Total   447     16,152     2,342 
Schedule of agent warrants
        
   Number of shares   Exercise price per share 
       US$ 
Agent warrants        
Outstanding at January, 2021            
Granted during the year   396,000    2.35 
Outstanding as of December 31, 2021   396,000    2.35 
        
Outstanding as of December 31, 2022   396,000    0.623*

 

The remaining contractual life for the agent warrants as of December 31, 2022 and 2021, were 1.06 years and 2.06 years, respectively. 

 

*The exercise price was revised to $0.623 per share in July, 2022.
Schedule of share options
        
   Number of shares   Exercise price per share 
       US$ 
Share options        
Outstanding at January, 2022        
Granted during the year   8,100,000    0.623 
Outstanding as of December 31, 2022   8,100,000    0.623 
           
Schedule of inputs to the models for fair value
         
   Agent warrants   Share options 
   2021   2022 
         
Fair value at the measurement date (US$)   70    2,400 
Fair value at the measurement date (CNY)   449    16,209 
Expected volatility (%)   93.67    93.50 
Risk-free interest rate (%)   0.19    3.16 
Expected life (years)   2.50    3 
Share price (US$)   0.901    0.623