v3.26.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Rate Reconciliation Pursuant to the Disclosure Requirements

Below is a tabular rate reconciliation pursuant to the disclosure requirements of ASU 2023-09 for the year ended December 31, 2025:

 

   For the Year Ended
December 31, 2025		 
   RMB   % 
PRC statutory income tax rates   31,486,900    25.00%
Effect of expenses not deductible for tax purposes   419,006    0.33%
Effect of additional deduction of research and development expense   (4,147,482)   (3.29)%
Effect of income tax exemptions and reliefs   249,076    0.20%
Recovery from deferred income tax assets   (3,055,163)   (2.43)%
Effect of valuation allowance on deferred income tax assets   29,337,978    23.30%
Income tax difference under different tax jurisdictions*   (54,290,315)   (43.11)%
Total   
—
    (0.00)%

 

*Substantially all the income tax difference under different tax jurisdictions was generated from BVI entities.

 

Below is a reconciliation between the effective income tax rate and the PRC statutory income tax rate for the years ended December 31, 2023 and 2024: 

 

   For the Years Ended
December 31,		 
   2023   2024 
PRC statutory income tax rates   25.00%   25.00%
Effect of expenses not deductible for tax purposes   (0.42)%   (0.28)%
Effect of additional deduction of research and development expense   5.98%   5.90%
Effect of income tax exemptions and reliefs   (5.71)%   (0.39)%
Recovery from deferred income tax assets   0.05%   0.22%
Effect of valuation allowance on deferred income tax assets   (23.52)%   (26.29)%
Income tax difference under different tax jurisdictions   (1.37)%   (4.16)%
Total   0.01%   0.00%
Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

 

    For the Years Ended December 31,  
    2023     2024     2025  
    RMB     RMB     RMB  
Current income tax expense (benefit) - PRC     (17,394 )    
—
      
—
  
Current income tax expense (benefit) - Foreign    
—
      
—
      
—
  
Deferred income tax expense    
—
      
—
      
—
  
Income tax expense (benefit)     (17,394 )    
—
      
—
  
Schedule of PRC and International Components of Income (Loss) Before Income Taxes

 PRC and international components of income (loss) before income taxes were comprised of the following for the periods indicated:

 

   For the Years Ended December 31, 
   2023   2024   2025 
   RMB   RMB   RMB 
PRC   (209,783,759)   (88,852,369)   (97,453,535)
Foreign   (44,585,689)   (30,686,680)   223,401,133 
Income (loss) before income tax provision   (254,369,448)   (119,539,049)   125,947,598 
Schedule of Deferred Tax Assets

Significant component of deferred tax assets are as follows:

 

   As of December 31, 
   2024   2025 
Net operating loss carryforward   98,783,665    118,846,734 
Accrued expense and others   9,688,509    (3,698,621)
Inventory impairment   50,475,875    50,576,626 
Deferred tax assets   158,948,049    165,724,739 
Less: valuation allowance   (158,948,049)   (165,724,739)
Deferred tax assets   
—
    
—