v3.26.1
Short-Term Investments (Tables)
12 Months Ended
Dec. 31, 2025
Short-Term Investments [Abstract]  
Schedule of Short-Term Investments

Short-term investments include the following:

 

   As of December 31, 
   2024   2025 
   RMB   RMB 
Investment in equity securities with readily determinable fair value   
    22,339,045 
Investment in warrants   
    3,875,947 
Short-term investments   
    26,214,992 
Schedule of Summarizes Inputs Model Used to Estimate the Fair Value of Investment in Warrants The following table summarizes the inputs to the model used to estimate the fair value of the investment in warrants as of December 31, 2025:
   December 31,
2025
 
Stock price  US$            6.42 
Exercise price  US$15.15 
Expected volatility   80.27%
Time to maturity (in years)   2.58 
Risk-free interest rate   3.50%