SHARE-BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of expense arising from share-based payments

	Year Ended December 31,
	2021		2022		2023		2023
	CNY		CNY		CNY		US$
Issuance expense related to agent warrants		447		—		—		—
Consultants share option expense (Note 5)		—		16,152		—		—
Consultants share-based payment expense (Note 5)		—		—		3,074		435
Total		447		16,152		3,074		435

Schedule of agent warrants

	Number of shares			Exercise price per share
					US$
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	*
Effect of Five-to-One Share Combination (Note 24)		(316,800	)		—
Outstanding as of December 31, 2023		79,200			3.115	**

The remaining contractual life for the agent warrants as of December 31, 2023 and 2022, were 0.06 years and 1.06 years, respectively.

* The exercise price was revised to $0.623 per share in July, 2022.

** The exercise price was revised to $3.115 per share in March, 2023.

Schedule of share options

	Number of shares			Exercise price per share
					US$
Outstanding as of January, 2021 and December 31, 2021		—			—
Granted during the year		8,100,000			0.623
Outstanding as of December 31, 2022*		8,100,000			0.623
Granted during the year		—			—
Effect of Five-to-One Share Combination (Note 24)		(6,480,000	)		—
Outstanding as of December 31, 2023		1,620,000			3.115

* The share option numbers above are before giving effect to the Share Combination which became effective on April 3, 2023. Refer to Note 24 for further details.

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