| Segments |
Note 18 — Segments
ASC 280, “Segment Reporting”, establishes standards for reporting financial 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 financial statements for detailing the Company’s business segments.
The Company’s chief operating decision maker (CODM) is the Chief Executive Officer, who reviews the above 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 segment, which is provided central processing algorithm services and intelligent chips and services. There were no significant segment expenses that were regularly provided to the CODM for the year ended December 31, 2025.
The following tables present summary information by segment for the years ended December 31, 2023, 2024 and 2025:
| Schedule of segments |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Central
processing
algorithm
services |
|
|
Intelligent
chips and
services |
|
|
Total
December 31,
2023 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
| Revenues |
|
|
569,906,586 |
|
|
|
10,109,828 |
|
|
|
580,016,414 |
|
| Cost of revenues |
|
|
395,959,074 |
|
|
|
10,067,646 |
|
|
|
406,026,720 |
|
| Gross profit |
|
|
173,947,512 |
|
|
|
42,182 |
|
|
|
173,989,694 |
|
| Depreciation and amortization |
|
|
6,774,207 |
|
|
|
406,754 |
|
|
|
7,180,961 |
|
| Total capital expenditures |
|
|
72,139 |
|
|
|
- |
|
|
|
72,139 |
|
| |
|
Central
processing
algorithm
services |
|
|
Total
December 31,
2024 |
|
| |
|
RMB |
|
|
RMB |
|
| Revenues |
|
|
541,487,420 |
|
|
|
541,487,420 |
|
| Cost of revenues |
|
|
387,719,164 |
|
|
|
387,719,164 |
|
| Gross profit |
|
|
153,768,256 |
|
|
|
153,768,256 |
|
| Depreciation and amortization |
|
|
1,289,020 |
|
|
|
1,289,020 |
|
| Total capital expenditures |
|
|
28,641 |
|
|
|
28,641 |
|
| |
|
Central
processing
algorithm
services |
|
|
Total
December 31,
2025 |
|
| |
|
RMB |
|
|
RMB |
|
|
USD |
|
| Revenues |
|
|
422,045,319 |
|
|
|
422,045,319 |
|
|
|
60,045,146 |
|
| Cost of revenues |
|
|
313,222,200 |
|
|
|
313,222,200 |
|
|
|
44,562,685 |
|
| Gross profit |
|
|
108,823,119 |
|
|
|
108,823,119 |
|
|
|
15,482,461 |
|
| Depreciation and amortization |
|
|
1,385,364 |
|
|
|
1,385,364 |
|
|
|
197,098 |
|
| Total capital expenditures |
|
|
8,149 |
|
|
|
8,149 |
|
|
|
1,159 |
|
Total assets as of:
| |
|
December 31,
2024 |
|
|
December 31,
2025 |
|
|
December 31,
2025 |
|
| |
|
RMB |
|
|
RMB |
|
|
USD |
|
| Central processing algorithm services |
|
|
1,267,134,187 |
|
|
|
2,462,524,963 |
|
|
|
350,347,850 |
|
| Total assets |
|
|
1,267,134,187 |
|
|
|
2,462,524,963 |
|
|
|
350,347,850 |
|
The Company’s operations are primarily based in the mainland PRC, Hong Kong and international, 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:
| Schedule of disaggregation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the
year ended
December 31,
2023 |
|
|
For the
year ended
December 31,
2024 |
|
|
For the
year ended
December 31,
2025 |
|
|
For the
year ended
December 31,
2025 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
| Mainland PRC revenues |
|
|
540,294,309 |
|
|
|
414,763,523 |
|
|
|
284,699,784 |
|
|
|
40,504,749 |
|
| Hong Kong revenues |
|
|
29,612,277 |
|
|
|
126,723,897 |
|
|
|
137,345,535 |
|
|
|
19,540,397 |
|
| International revenues |
|
|
10,109,828 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Total revenues |
|
|
580,016,414 |
|
|
|
541,487,420 |
|
|
|
422,045,319 |
|
|
|
60,045,146 |
|
|