v3.25.2
Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segments

Note 15 — Segments

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in unaudited interim condensed financial statements for detailing the Company’s business segments.

 

The Company’s chief operating decision maker is the Chief Executive Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company has determined that it has one operating segments: central processing algorithm services.

 

The following tables present summary information by segment for the Six Months Ended June 30, 2024, and 2025:

 

                       
   

Central
processing
algorithm
services

    Total for the
six months ended
June 30,
2024		  
    RMB     RMB     USD  
    (Unaudited)     (Unaudited)     (Unaudited)  
Revenues     290,441,871       290,441,871       40,753,476  
Cost of revenues     202,960,891       202,960,891       28,478,544  
Gross profit     87,480,980       87,480,980       12,274,932  
Depreciation and amortization     642,951       642,951       90,216  
Total capital expenditures     3,294       3,294       462  

 

                         
   

Central
processing
algorithm
services

    Total for the
six months ended
June 30,
2025		  
    RMB     RMB     USD  
    (Unaudited)     (Unaudited)     (Unaudited)  
Revenues     188,112,127       188,112,127       26,277,782  
Cost of revenues     136,540,311       136,540,311       19,073,606  
Gross profit     51,571,816       51,571,816       7,204,176  
Depreciation and amortization     708,874       708,874       99,024  
Total capital expenditures     -       -       -  

 

Total assets as of:

 

    December 31,
2024		     June 30,
2025		     June 30,
2025		  
    RMB     RMB     USD  
          (Unaudited)     (Unaudited)  
Central processing algorithm services     1,267,134,187       2,368,162,417       330,813,625  
Total assets     1,267,134,187       2,368,162,417       330,813,625  

 

The Company’s operations are primarily based in the mainland PRC and Hong Kong, where the Company derives a substantial portion of their revenues. Management also reviews consolidated financial results by business locations. Disaggregated information of revenues by geographic locations are as follows:

 

                       
    For the
six months ended
June 30,
2024		     For the
six months ended
June 30,
2025		     For the
six months ended
June 30,
2025		  
    RMB     RMB     USD  
    (Unaudited)     (Unaudited)     (Unaudited)  
Mainland PRC revenues     239,512,194       142,800,304       19,948,077  
Hong Kong revenues     50,929,677       45,311,823       6,329,705  
Total revenues     290,441,871       188,112,127       26,277,782