v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Measurements [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
   September 30, 2022 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
                 
Wealth management products   584,738,005    302,608,884    282,129,121    
-
 
                     
Total   584,738,005    302,608,884    282,129,121    
     -
 

 

   December 31, 2021 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
                 
Wealth management products   847,047,295    729,255,924    117,791,371    
-
 
                     
Total   847,047,295    729,255,924    117,791,371    
    -
 

 

Schedule of assets and liabilities measured at fair value on a non-recurring basis
   September 30, 2022 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
                 
Loans(1)   657,992,453    
    -
    657,992,453    
-
 
Loans held-for-sale(2)   11,694,198    
-
    11,694,198    
-
 
Equity securities(3)   24,010,000    
-
    24,010,000    
-
 
                         
Total   693,696,651    
-
    693,696,651    
-
 

 

   December 31, 2021 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
                 
Loans(1)   368,997,898    
    -
    368,997,898    
-
 
Loans held-for-sale(2)   24,696,075    
-
    24,696,075    
-
 
Equity securities(3)   24,010,000    
-
    24,010,000    
-
 
                     
Total   417,703,973    
-
    417,703,973    
    -
 

 

(1)The Group records nonrecurring fair value adjustments to reflect partial write-downs that are based on the observable market price of the loan or current appraised value of the collateral.

 

(2)Loans held for sale are held at LOCOM which may be written down to fair value on a nonrecurring basis.

 

(3)Nonmarketable equity securities are accounted for using the measurement alternative and can be subject to nonrecurring fair value adjustments to record impairment.