Loans Receivable, Net (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Loans Receivable, Net [Abstract] |
|
| Schedule of Loans Receivable, Net |
Loans receivable, net is
comprised of the following:
| | |
As of December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
USD | |
| Loans receivable, current portion | |
| | |
| | |
| |
| Franchisees | |
| 374,022,230 | | |
| 381,417,382 | | |
| 52,253,967 | |
| Third parties | |
| 32,595,889 | | |
| 39,000,000 | | |
| 5,342,978 | |
| Less: allowances of credit losses | |
| (277,097,025 | ) | |
| (334,953,915 | ) | |
| (45,888,498 | ) |
| Total | |
| 129,521,094 | | |
| 85,463,467 | | |
| 11,708,447 | |
| | |
| | | |
| | | |
| | |
| Loans receivable, non-current portion | |
| | | |
| | | |
| | |
| Franchisees | |
| 90,484,128 | | |
| 22,771,354 | | |
| 3,119,663 | |
| Third parties | |
| 20,000,000 | | |
| - | | |
| - | |
| Less: allowances of credit losses | |
| (39,793,823 | ) | |
| (7,399,116 | ) | |
| (1,013,675 | ) |
| Total | |
| 70,690,305 | | |
| 15,372,238 | | |
| 2,105,988 | |
|
| Schedule of Aging of Past-Due Loans Receivables |
The following table presents
the aging of past-due gross loans receivable as of December 31, 2023 and 2024:
| | |
1 to 3 months | | |
4 to 6 months | | |
7 to 12 months | | |
Over 1 year | | |
| |
| | |
past due | | |
past due | | |
past due | | |
past due | | |
Total | |
| | |
RMB | | |
RMB | | |
RMB | | |
| | |
RMB | |
| December 31, 2023 | |
| 16,572,823 | | |
| 24,199,825 | | |
| 63,451,054 | | |
| 215,286,707 | | |
| 319,510,409 | |
| December 31, 2024 | |
| 34,445,795 | | |
| 32,464,971 | | |
| 55,303,739 | | |
| 266,000,526 | | |
| 388,215,031 | |
| December 31, 2024 (USD) | |
| 4,719,055 | | |
| 4,447,683 | | |
| 7,576,581 | | |
| 36,441,922 | | |
| 53,185,241 | |
|
| Schedule of Movement of Allowance For Loans Receivable |
Movement of allowance for
loans receivable for the years ended December 31, 2023 and 2024 are as follows:
| | |
2023 | | |
2024 | |
| | |
RMB | | |
RMB | | |
USD | |
| Balance of the beginning of the year | |
| 279,317,673 | | |
| 316,890,848 | | |
| 43,413,868 | |
| Effect on the opening balance of adoption of ASU 2016-03 | |
| 22,176,502 | | |
| — | | |
| — | |
| Provision | |
| 15,396,673 | | |
| 25,462,183 | | |
| 3,488,304 | |
| Balance of the end of the year | |
| 316,890,848 | | |
| 342,353,031 | | |
| 46,902,172 | |
| Evaluated for impairment on an individual basis | |
| 116,302,348 | | |
| 109,047,517 | | |
| 14,939,449 | |
|