Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
Summary of Significant Accounting Policies [Abstract] |
|
Schedule of Assets Measured at Fair Value on Recurring Basis |
Assets measured at fair value on a recurring basis
as of December 31, 2024 and June 30, 2025 are summarized as below.
Fair Value Measurements as of December 31, 2024 |
| |
Quoted Prices in Active Markets for Identical Assets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Unobservable Inputs (Level 3) | | |
Fair value at December 31, 2024 | |
| |
RMB | | |
RMB | | |
RMB | | |
RMB | |
Cryptocurrencies | |
| 776,702,624 | | |
| — | | |
| — | | |
| 776,702,624 | |
Fair Value Measurements as of June 30, 2025 |
| |
Quoted Prices in Active Markets for Identical Assets (Level 1) | | |
Significant Other Observable Inputs (Level 2) | | |
Unobservable Inputs (Level 3) | | |
Fair value at April 30, 2025 | |
| |
RMB | | |
RMB | | |
RMB | | |
RMB | |
Cryptocurrencies | |
| 242,889,085 | | |
| — | | |
| — | | |
| 242,889,085 | |
Convertible notes denominated in bitcoin | |
| — | | |
| 470,948,166 | | |
| — | | |
| 470,948,166 | |
|
Schedule of Estimated Useful Lives of Property, Plant and Equipment |
Depreciation is calculated using the straight-line method over their estimated useful lives.
The estimated useful lives are as follows:
Machinery and electronic equipment |
|
3 to 10 years |
Office furniture |
|
5 years |
Transportation equipment |
|
4 years |
Buildings and facilities attached to buildings |
|
20 years |
|
Schedule of Estimated Useful Lives of Intangible Assets |
The Company amortizes its franchise right and land use right on a straight-line basis over the contractual term. The estimated
useful lives are as follows: Franchise right | | 2 years | Land use right | | 50 years |
|
Schedule of Net Revenues |
The following table summarizes the net revenues generated from different revenue streams:
| |
For the six months ended June 30, | |
| |
2024 | | |
2025 | |
| |
(Unaudited) RMB | | |
(Unaudited) RMB | |
Product sales revenue | |
| 20,352,715 | | |
| 7,931,032 | |
Service revenue | |
| 4,386,765 | | |
| 352,341 | |
Net revenues | |
| 24,739,480 | | |
| 8,283,373 | |
|
Schedule of Net Revenues By Geographical Location of Customers |
For the six months ended June 30, 2024 and 2025, the Company’s net
revenues by geographical location of customers are as follows:
| |
For the six months ended June 30, | |
| |
2024 | | |
2025 | |
| |
(Unaudited) | | |
(Unaudited) | |
| |
RMB | | |
RMB | |
PRC | |
| 20,059,137 | | |
| 5,462,221 | |
The United States | |
| 1,019,596 | | |
| 946,288 | |
Singapore | |
| 3,409,737 | | |
| — | |
Hong Kong | |
| — | | |
| 1,249,900 | |
Others | |
| 251,010 | | |
| 624,964 | |
Net revenues | |
| 24,739,480 | | |
| 8,283,373 | |
|