v3.26.1
Short-term investments
12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Short-term investments

Note 4 — Short-term investments

 

Short-term investments consist of the following:

 

                 
    December 31,
2024
    December 31,
2025
    December 31,
2025
 
    RMB     RMB     USD  
Marketable securities     149,583,000       1,138,090,600       161,918,194  

 

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       -       -  

 

          December 31, 2025  
    December 31,     Fair Value  
    2025     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
Marketable securities     1,138,090,600       1,138,090,600       -       -  

 

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

 

As of December 31, 2024 and 2025, short-term investments amounted to RMB 149,583,000 and RMB 1,138,090,600 (USD 161,918,194), respectively. During the year ended December 31, 2025, the Company invested a total amount of RMB 935,966,450 (USD 133,161,628), redeemed a total amount of RMB 79,710,800 (USD 11,340,599), and the unrealized and realized gain from short-term investments was approximately RMB 132,251,950 (USD 18,815,722) in total.