v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Income (Loss) Before Income Taxes and Share of Losses in Equity Method Investments

(Loss) Income before income taxes and share of losses in equity method investments consists of:

 

   Year ended December 31, 
   2022   2023   2024   2024 
   RMB   RMB   RMB   USD 
Mainland China   (301,862,814)   351,791,690    176,652,452    24,201,287 
Others   (202,301,240)   28,580,168    20,554,343    2,815,935 
Total   (504,164,054)   380,371,858    197,206,795    27,017,222 
Schedule of Consolidated Statements of Comprehensive Income (Loss)

The current and deferred components of income tax expense appearing in the consolidated statements of comprehensive income (loss) are as follows:

 

    Year ended December 31,  
    2022     2024     2024     2024  
    RMB     RMB     RMB     USD  
Current tax     86,534,248       120,875,594       107,567,291       14,736,659  
Deferred tax     (130,607,150)       (2,423,339 )     (18,840,322 )     (2,581,114 )
Total     (44,072,902 )     118,452,255       88,726,969       12,155,545  
Schedule of Reconciliation Between the Effective Income Tax Rate and the Prc Statutory Income Tax Rate

Reconciliation between the effective income tax rate and the PRC statutory income tax rate is as follows: 

 

   Years ended December 31, 
   2022   2023   2024 
PRC statutory tax rate   25%   25%   25%
Withholding tax   9%   3%   7%
Effect of international rate differences   (9)%   (2)%   (2)%
Effect of preferential tax rate   0%   (1)%   (8)%
Uncertain tax positions   (3)%   (3)%   1%
Valuation allowances   (11)%   8%   8%
Deferred tax   1%   (1)%   2%
Provision to return   1%   0%   1%
Non-deductible expenses   (4)%   2%   11%
Effective tax rate   9%   31%   45%
Schedule of Deferred Income Tax Assets and Liabilities

The principal components of the Group’s deferred income tax assets and liabilities as of December 31, 2022, 2023 and 2024 are as follows:

 

   As of December 31 
   2023   2024   2024 
   RMB   RMB   USD 
Deferred tax assets:            
Tax losses carryforward   156,003,878    125,063,028    17,133,565 
Allowance for accounts receivables and other current assets   10,241,904    10,863,499    1,488,293 
Allowance for non-current other assets   48,076,465    48,076,465    6,586,449 
Allowance for loans receivable   79,222,712    85,588,610    11,725,591 
Impairment of long-lived assets   17,466,327    13,073,472    1,791,059 
Lease liabilities   417,112,367    362,136,225    49,612,459 
Deferred revenue   83,228,802    75,722,666    10,373,963 
Accrued liabilities   19,373,529    19,542,973    2,677,376 
Unrealized losses from equity securities   1,342,225    1,638,899    224,528 
Investment in subsidiaries   
    2,775,000    380,173 
Valuation allowance   (192,143,009)   (165,327,438)   (22,649,766)
Total deferred tax assets   639,925,200    579,153,399    79,343,690 
Deferred tax liabilities:               
Property, plant and equipment   (2,479,000)   (2,219,319)   (304,045)
Right-of-use assets   (381,932,879)   (327,572,728)   (44,877,280)
Intangible assets arising from acquisition   (75,820,498)   (47,872,112)   (6,558,452)
Unrealized gains from equity securities   (1,939,227)   (1,805,008)   (247,285)
Investment in subsidiaries   (30,504,731)   (33,595,045)   (4,602,503)
Total deferred tax liabilities   (492,676,335)   (413,064,212)   (56,589,565)
Schedule of a Reconciliation of Unrecognized Tax Benefits

Below is a tabular roll-forward of the Group’s unrecognized tax benefits.

 

Unrecognized tax benefits —December 31, 2022   257,300,164 
Increases — tax positions in the current period   61,493,198 
Decreases — tax positions in prior period   (40,097,137)
Unrecognized tax benefits — December 31, 2023   278,696,225 
Unrecognized tax benefits — January 1, 2024   278,696,225 
Increases — tax positions in the current period   69,991,983 
Decreases — tax positions in prior period   (32,266,665)
Unrecognized tax benefits — December 31, 2024   316,421,543