CASH AND CASH EQUIVALENTS

12 Months Ended

Dec. 31, 2023

Notes and other explanatory information [abstract]

CASH AND CASH EQUIVALENTS

16. CASH AND CASH EQUIVALENTS

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

	December 31,
	2022		2023		2023
	CNY		CNY		US$
Cash and cash equivalents
- Cash on hand		71		2		—
- Cash at bank		31,154		4,751		671
- Short-term deposits		470		—		—
Total Cash and cash equivalent		31,695		4,753		671

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

	December 31,
	2022		2023		2023
	CNY		CNY		US$
CNY		24,709		3,673		518
US$		6,255		762		108
HK$		731		318		45
		31,695		4,753		671

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.