v3.25.2
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2025
CNY (¥)
Jun. 30, 2024
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 4,433,286 ¥ 31,736,118 ¥ 22,176,601
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Depreciation and amortization 23,014 164,749 165,362
Credit losses (684,082) (4,897,066) (3,251,197)
Deferred tax benefit 932,125
Gain on disposal of property and equipment 1,876
Amortization of operating lease right-of-use assets 76,010 544,125 477,589
(Gain)/Loss from short term investment-unrealized 173,112 1,239,240 (16,192,038)
Gain from disposal of subsidiaries (1,416,187)
Change in operating assets and liabilities:      
Accounts receivables 27,391 196,082 1,656,248
Prepaid services fees (133,580) (956,247) (7,579,046)
Other receivables and prepaid expenses 683,602 4,893,635 (772,705)
Prepaid expenses and deposits 9,064
Accounts payable (337,065) (2,412,914) (6,711,108)
Advance from customers (136,118) (974,415) 3,312,058
Other payables and accrued liabilities (16,879) (120,833) 2,438,109
Operating lease liabilities (74,007) (529,788) (456,828)
Taxes payable 316,341 2,264,562 146,996
Net cash (used in)/provided by operating activities 4,351,025 31,147,248 (5,063,081)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (3,294)
Purchases of short term investments (54,400,000) (389,427,840) (28,115,954)
Sale of short-term investments 5,315,511 38,051,617 20,989,094
(Loss)/Income from short term investment 3,746,931 26,822,783 (1,004,444)
Net cash used in investing activities (45,337,558) (324,553,440) (8,134,598)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Loan to Parent (224,486,453)
Reception of Bank borrowings 3,492,303 25,000,000 13,140,000
Payments to Bank borrowings (1,396,921) (10,000,000) (8,785,714)
Stock issuance 129,082,990
Issuance of convertible debts 148,662,239 1,064,213,504 218,359,330
Net cash provided by financing activities 150,757,621 1,079,213,504 127,310,153
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS (1,167,931) (8,360,753) 2,092,162
CHANGE IN CASH, CASH EQUIVALENTS 108,603,158 777,446,559 116,204,636
CASH, CASH EQUIVALENTS, beginning of period 144,711,644 1,035,932,786 317,212,066
CASH, CASH EQUIVALENTS, end of period 253,314,802 1,813,379,345 433,416,702
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes 1,622 11,613 35,872
Cash paid for interest 106,093 759,480 382,148
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 65,279 467,308 551,424
Shares converted from convertible notes payable $ 169,489,058 ¥ 1,213,304,370 ¥ 72,616,270