Investments (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Investments [Abstract] |
|
| Schedule of Short-Term Investments |
Short-term investments as of December 31, 2023
and 2024 consisted of the following:
| | |
As of December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
USD | |
| Wealth management products | |
| 287,711,617 | | |
| 10,475 | | |
| 1,435 | |
| Time deposits | |
| 130,000,000 | | |
| — | | |
| — | |
| Total | |
| 417,711,617 | | |
| 10,475 | | |
| 1,435 | |
|
| Schedule of Unrealized and Realized Gains and Losses of Investments in Equity Securities in Current Assets |
Total unrealized and realized
gains and losses of investments in equity securities in current assets for the years ended December 31, 2022, 2023 and 2024 were as follows:
| | |
For the years ended December 31, | |
| | |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
USD | |
| Total net losses recognized | |
| (2,622,450 | ) | |
| (15,344,616 | ) | |
| (2,544,834 | ) | |
| (348,641 | ) |
| Less: Net realized (losses) gains on equity securities sold | |
| 11,294,390 | | |
| — | | |
| (1,245,632 | ) | |
| (170,651 | ) |
| Net unrealized losses recognized on equity securities held | |
| (13,916,840 | ) | |
| (15,344,616 | ) | |
| (1,299,202 | ) | |
| (177,990 | ) |
|
| Schedule of Long-Term Investments |
As at December 31, 2023 and 2024, long-term investments
consisted of the following:
| | |
As of December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
USD | |
| Equity method investments | |
| | |
| | |
| |
| Shanghai Wiselong Enterprise Management Co., Ltd (“Wiselong”) | |
| 25,630,564 | | |
| 27,133,053 | | |
| 3,717,213 | |
| Other | |
| 7,274,032 | | |
| 15,000,068 | | |
| 2,055,001 | |
| Equity securities with readily determinable fair values | |
| 38,324,789 | | |
| 28,355,681 | | |
| 3,884,712 | |
| Equity securities without readily determinable fair values | |
| 9,826,143 | | |
| 9,826,143 | | |
| 1,346,176 | |
| Available-for-sale debt investment | |
| 103,703,272 | | |
| 103,709,272 | | |
| 14,208,112 | |
| Total | |
| 184,758,800 | | |
| 184,024,217 | | |
| 25,211,214 | |
|
| Schedule of Equity Securities with Readily Determinable Fair Values |
Total unrealized and realized
gains and losses of equity securities with readily determinable fair values included in long-term investments for the years ended December
31, 2022, 2023 and 2024 were as follows:
| | |
For the years ended December 31, | |
| | |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
RMB | | |
USD | |
| Total net gains (losses) recognized | |
| (15,126,672 | ) | |
| 9,966,512 | | |
| (11,163,213 | ) | |
| (1,529,354 | ) |
| Less: Net realized gains on equity securities sold | |
| — | | |
| — | | |
| — | | |
| — | |
| Net unrealized gains (losses) recognized on equity securities held | |
| (15,126,672 | ) | |
| 9,966,512 | | |
| (11,163,213 | ) | |
| (1,529,354 | ) |
|
| Schedule of Equity Investments Without Readily Determinable Fair Values |
The equity investments without
readily determinable fair value held as of December 31, 2023 and 2024 were as follows:
| | |
As of December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
RMB | | |
RMB | | |
USD | |
| Initial cost | |
| 51,523,212 | | |
| 51,523,212 | | |
| 7,058,651 | |
| Cumulative unrealized gains | |
| 302,931 | | |
| 302,931 | | |
| 41,501 | |
| Cumulative unrealized losses (including impairment) | |
| (42,000,000 | ) | |
| (42,000,000 | ) | |
| (5,753,976 | ) |
| Total carrying value | |
| 9,826,143 | | |
| 9,826,143 | | |
| 1,346,176 | |
|
| Schedule of Short-Term and Long-Term Debt Securities |
Short-term and long-term
debt securities as of December 31, 2023 and 2024 were shown as below:
| | |
As of December 31, 2023 | |
| | |
| | |
| | |
Gross | | |
| | |
| | |
| |
| | |
| | |
Gross | | |
unrecognized | | |
Gross | | |
Gross | | |
| |
| | |
Amortized | | |
unrecognized | | |
holding | | |
unrealized | | |
unrealized | | |
| |
| | |
cost | | |
holding gains | | |
losses | | |
gains | | |
losses | | |
Fair value | |
| | |
RMB | | |
RMB | | |
RMB | | |
RMB | | |
RMB | | |
RMB | |
| Wealth management products | |
| 287,711,617 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 287,711,617 | |
| Available-for-sale debt securities of Yibon | |
| 103,701,474 | | |
| — | | |
| — | | |
| 2,791,663 | | |
| (2,789,865 | ) | |
| 103,703,272 | |
| | |
As of December 31, 2024 | |
| | |
| | |
| | |
Gross | | |
| | |
| | |
| |
| | |
| | |
Gross | | |
unrecognized | | |
Gross | | |
Gross | | |
| |
| | |
Amortized | | |
unrecognized | | |
holding | | |
unrealized | | |
unrealized | | |
| |
| | |
cost | | |
holding gains | | |
losses | | |
gains | | |
losses | | |
Fair value | |
| | |
RMB | | |
RMB | | |
RMB | | |
RMB | | |
RMB | | |
RMB | |
| Wealth management products | |
| 10,475 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 10,475 | |
| Available-for-sale debt securities of Yibon | |
| 103,703,272 | | |
| — | | |
| — | | |
| — | | |
| 6,000 | | |
| 103,709,272 | |
|