Leases (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Leases |
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| Schedule of components of lease expenses |
| | | | | | | | | For the Year Ended December 31, | | | 2022 | | 2023 | | 2024 | Lease cost | | | | | | | Finance lease cost: | | | | | | | Amortization of assets | | — | | — | | 31,512 | Interest of lease liabilities | | — | | — | | 32,985 | Operating lease cost | | 698,280 | | 1,059,148 | | 1,611,726 | Short‑term lease cost | | 54,683 | | 108,689 | | 146,184 | Total | | 752,963 | | 1,167,837 | | 1,822,407 |
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| Supplemental cash flows information related to leases |
| | | | | | | | | For the Year Ended December 31, | | | 2022 | | 2023 | | 2024 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash flows payments for operating leases | | 610,490 | | 1,159,891 | | 1,627,155 | Operating cash flows payments for finance leases (interest payments) | | — | | — | | 6,000 | Right-of-use assets obtained in exchange for lease liabilities: | | | | | | | Right-of-use assets obtained in exchange for new operating lease liabilities | | 2,071,200 | | 3,010,986 | | 3,381,451 |
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| Supplemental balance sheet information related to operating leases |
| | | | | | | As of December 31, | | | 2023 | | 2024 | Operating Leases | | | | | Land use rights, net | | 1,249,551 | | 1,521,107 | Operating lease right-of-use assets, net (excluding land use rights) | | 4,689,679 | | 6,802,856 | Total operating lease right-of-use assets, net | | 5,939,230 | | 8,323,963 | Operating lease liabilities, current | | 1,146,437 | | 1,438,092 | Operating lease liabilities, non-current | | 3,677,961 | | 5,735,738 | Total operating lease liabilities | | 4,824,398 | | 7,173,830 |
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| Supplemental balance sheet information related to finance leases |
| | | | | | | As of December 31, | | | 2023 | | 2024 | Finance Leases | | | | | Property, plant and equipment, net | | — | | 759,259 | Total finance lease assets, net | | — | | 759,259 | Finance lease liabilities, current | | — | | 95,205 | Finance lease liabilities, non-current | | — | | 642,984 | Total finance lease liabilities | | — | | 738,189 |
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| Schedule of weighted-average remaining lease term and discount rate |
| | | | | | | | As of December 31, | | | | 2023 | | 2024 | | Weighted-average remaining lease term | | | | | | Land use rights | | 48 years | | 45 years | | Operating leases | | 9 years | | 7 years | | Finance leases | | — | | 4 years | | Weighted-average discount rate | | | | | | Land use rights | | — | | 3.3 | % | Operating leases | | 5.8 | % | 4.8 | % | Finance leases | | — | | 6.9 | % |
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| Schedule of maturities of finance lease liabilities |
| | | | | | | For the Year Ending December 31, | | | Operating | | Finance | | | Leases | | Leases | 2025 | | 1,648,656 | | 129,692 | 2026 | | 1,383,765 | | 111,384 | 2027 | | 1,193,035 | | 115,840 | 2028 | | 1,048,707 | | 529,115 | 2029 | | 761,695 | | — | Thereafter | | 2,374,252 | | — | Total undiscounted lease payments | | 8,410,110 | | 886,031 | Less: imputed interest | | (1,236,280) | | (147,842) | Total lease liabilities | | 7,173,830 | | 738,189 |
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| Schedule of maturities of operating lease liabilities |
| | | | | | | For the Year Ending December 31, | | | Operating | | Finance | | | Leases | | Leases | 2025 | | 1,648,656 | | 129,692 | 2026 | | 1,383,765 | | 111,384 | 2027 | | 1,193,035 | | 115,840 | 2028 | | 1,048,707 | | 529,115 | 2029 | | 761,695 | | — | Thereafter | | 2,374,252 | | — | Total undiscounted lease payments | | 8,410,110 | | 886,031 | Less: imputed interest | | (1,236,280) | | (147,842) | Total lease liabilities | | 7,173,830 | | 738,189 |
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