v3.25.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Operating activities:        
Net (loss) income ¥ 107,314,352 $ 14,702,008 ¥ 260,527,601 ¥ (461,689,453)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation and amortization 115,746,538 15,857,211 116,870,237 125,338,901
Impairment of goodwill 81,008,000 11,098,050 91,236,480
Impairment of indefinite-lived intangible assets 39,072,000 5,352,842 16,027,000 30,892,345
Impairment of long-lived assets 12,600,000 1,726,193 40,559,449 53,244,063
Noncash lease expense 263,911,503 36,155,728 271,156,173 310,802,786
Losses (gain) from disposal of subsidiaries (488,227) (66,887) 1,223,952 16,117,056
Allowances for credit losses 56,241,392 7,705,039 38,858,275 431,180,588
Losses and impairment on equity securities held 14,953,679 2,048,646 6,998,104 62,156,235
Losses (gain) on disposal of property, plant and equipment (25,338,789) (3,471,400) 2,166,990 4,518,601
Foreign exchange gains (27,497,303) (3,767,118) (372,186) (17,843,559)
Deferred taxes (18,840,322) (2,581,114) (2,423,339) (127,047,022)
Other non-cash expense (income) 2,644,112 362,242 (4,554,719) 124,283
Changes in operating assets and liabilities:        
Accounts receivable (4,015,520) (550,124) (5,359,275) (53,611,693)
Inventories 14,618,912 2,002,783 4,764,959 10,626,796
Amounts due from related parties (1,416,495) (194,059) 8,372,296 (8,425,000)
Other current assets (3,067,256) (420,212) (47,920,887) 63,924,588
Other assets 3,725,971 510,456 17,250,340 9,253,744
Accounts payable (3,021,869) (413,994) (50,451,092) (15,933,692)
Amounts due to related parties 1,151,882 157,807 (5,406,910) 3,561,244
Salary and welfare payable (7,916,485) (1,084,554) (3,010,962) 10,348,812
Deferred revenue (42,787,510) (5,861,865) (33,539,045) (77,754,052)
Advance from customers 3,305,355 452,832 (3,211,266) (18,834,737)
Accrued expenses and other current liabilities 3,161,614 433,139 26,174,961 69,046,891
Income tax payable (23,195,720) (3,177,801) 32,861,850 6,664,115
Unrecognized tax benefits 57,946,428 7,938,628 28,569,943 21,146,549
Operating lease liabilities (247,702,691) (33,935,130) (256,017,527) (233,948,343)
Other long-term liabilities 1,264,213 173,196 (5,065,347) (10,555,063)
Net cash provided by operating activities 373,377,764 51,152,542 455,049,575 294,541,463
Investing activities:        
Purchases of property, plant and equipment (79,582,039) (10,902,695) (87,764,045) (83,723,370)
Purchases of intangible assets (37,057) (5,077) (740,406) (108,028)
Proceeds from disposal of property, plant and equipment 139,900,865 19,166,340 2,951,611 5,951,096
Repayments from advances for purchases of property, plant and equipment 3,247,390
Purchases of short-term investments (262,680,045) (161,760,000)
Proceeds from maturities of short-term investments 417,701,142 57,224,822 167,009,370 550,663,022
Purchases of long-term time deposits (222,230,000) (30,445,385) (63,340,000)
Purchases of Long-term investments (10,400,000) (1,424,794)
Proceeds from disposal of equity securities 21,812,329 2,988,277 116,555,911
Proceeds from disposal of subsidiaries 2,807,500 384,626 37,800,000 79,666,586
Loans to related parties (858,000) (117,546) (168,695,802)
Repayment of loans from related parties 363,347 49,778 43,555,000
Loans to third parties (14,628,629)
Repayment of loans from third parties 5,900,000 808,297 14,553,007 1,638,833
Loans to franchisees (14,323,813) (1,962,354) (22,643,066) (47,760,740)
Repayment of loans from franchisees 84,337,321 11,554,166 121,145,169 95,844,426
Net cash generated from (used in) investing activities 345,391,595 47,318,455 (93,708,405) 420,445,695
Financing activities:        
Distribution to the shareholders (Note 1) (70,936,321) (9,718,236) (40,999,458)
Repurchase of ordinary shares (365,284) (50,044) (19,706,775)
Proceeds from bank loans 200,000,000 27,399,888 174,000,000 305,600,000
Repayment of bank loans (117,200,000) (16,056,334) (458,300,000) (605,500,000)
Loan from non-controlling interest 272,500 5,103,299
Capital contribution from noncontrolling interest holders 400,000
Purchase of noncontrolling interests (966,000) (132,341)
Net cash (used in) generated from financing activities 10,532,395 1,442,933 (303,734,275) (335,396,159)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 4,299,472 589,026 32,086 1,248,139
Net increase in cash and cash equivalents and restricted cash 733,601,226 100,502,956 57,638,981 380,839,138
Cash and cash equivalents and restricted cash at the beginning of the year 791,600,712 108,448,853 733,961,731 353,122,593
Cash and cash equivalents and restricted cash at the end of the year 1,525,201,938 208,951,809 791,600,712 733,961,731
Supplemental disclosure of cash flow information:        
Interest paid (7,880,777) (1,079,662) (14,053,841) (27,987,842)
Income taxes paid (82,576,531) (11,312,938) (61,735,423) (59,441,030)
Supplemental disclosure of non-cash investing and financing activities:        
Share consideration of disposal of Urban Group 16,971,057
Reconciliation of cash, cash and equivalents and restricted cash        
Cash and cash equivalents 1,490,235,562   765,547,547 699,244,375
Restricted cash, current 16,096,476   6,576,906 7,937,683
Restricted cash, non-current 18,869,900   19,476,259 26,779,673
Total cash, cash and equivalents and restricted cash shown in the statements of cash flows ¥ 1,525,201,938   ¥ 791,600,712 ¥ 733,961,731