v3.25.2
Short-term investments
6 Months Ended
Jun. 30, 2025
Short-term Investments  
Short-term investments

Note 4 — Short-term investments

 

Short-term investments consist of the following:

 

                 
    December 31,
2024
    June 30,
2025
    June 30,
2025
 
    RMB     RMB     USD  
Marketable securities     149,583,000       472,897,200       66,060,012  

 

Fair value disclosure:

 

                       
          December 31, 2024  
    December 31,     Fair Value  
    2024     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
Marketable securities     149,583,000       149,583,000       -       -  

 

          June 30, 2025  
    June 30,     Fair Value  
    2025     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
Marketable securities     472,897,200       472,897,200       -       -  

 

There is no transfer between the levels for the periods presented.

 

As of December 31, 2024, and June 30, 2025, short-term investments amounted to RMB 149,583,000 and RMB 472,897,200 (USD 66,060,012), respectively. During the six months ended June 30, 2025, the Company invested a total of RMB 389,427,840 (USD 54,400,000). The fair value change resulted in loss of approximately RMB 1,239,240 (USD 173,112).