v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
12 Months Ended
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Net revenues (include related party revenues of RMB62,849,416, RMB48,935,143 and RMB51,847,377 for the years ended December 31, 2023, 2024 and 2025, respectively) ¥ 3,818,851,679 $ 546,088,526 ¥ 4,270,825,456 ¥ 5,530,404,557
Cost of revenues (include related party cost of revenues of RMB667,324,933, RMB485,973,979 and RMB416,938,750 for the years ended December 31, 2023, 2024 and 2025, respectively) (3,329,325,336) (476,087,191) (3,946,992,974) (4,846,371,264)
Gross profit 489,526,343 70,001,335 323,832,482 684,033,293
Operating (expenses) income:        
Sales and marketing expenses (234,482,022) (33,530,483) (311,140,438) (351,726,623)
General and administrative expenses (137,656,630) (19,684,636) (204,428,800) (237,755,845)
Research and development expenses (121,058,278) (17,311,103) (181,676,080) (276,935,538)
Other operating income (expenses), net 8,426,888 1,205,029 (200,174,118) 32,314,541
Impairment of goodwill | ¥       (13,966,789)
Total operating expenses (484,770,042) (69,321,193) (897,419,436) (848,070,254)
(Loss) income from operations 4,756,301 680,142 (573,586,954) (164,036,961)
Other (expenses) income, net (67,314,858) (9,625,897) 21,898,241 (52,873,716)
Interest income 64,330,349 9,199,118 263,052,300 284,982,128
Foreign exchange gain (loss), net (517,288) (73,971) 1,233,807 125,893
Income (loss) before income taxes and share of loss in equity method investments 1,254,504 179,392 (287,402,606) 68,197,344
Income tax expense (28,408,570) (4,062,372) (15,406,551) (1,068,958)
Share of loss in equity method investments (1,927,859) (275,680) (4,001,129) (31,610,752)
Net income (loss) (29,081,925) (4,158,660) (306,810,286) 35,517,634
Net income (loss) attributable to ordinary shareholders of the Company ¥ (29,081,925) $ (4,158,660) ¥ (306,810,286) ¥ 35,517,634
Net income (loss) per ordinary share attributable to ordinary shareholders        
Basic (in dollars per share) | (per share) ¥ (0.96) $ (0.14) ¥ (9.95) ¥ 1.11
Diluted (in dollars per share) | (per share) ¥ (0.96) $ (0.14) ¥ (9.95) ¥ 1.11
Weighted average shares used in calculating net income (loss) per ordinary share        
Basic (in shares) 30,178,859 30,178,859 30,832,271 31,977,665
Diluted (in shares) 30,178,859 30,178,859 30,832,271 31,977,665
Net income (loss) ¥ (29,081,925) $ (4,158,660) ¥ (306,810,286) ¥ 35,517,634
Other comprehensive income (loss), net of nil tax:        
Foreign currency translation adjustments (42,854,121) (6,128,058) 72,141,058 93,256,170
Comprehensive income (loss) (71,936,046) (10,286,718) (234,669,228) 128,773,804
Comprehensive income (loss) attributable to the ordinary shareholders ¥ (71,936,046) $ (10,286,718) ¥ (234,669,228) ¥ 128,773,804
ADS        
Net income (loss) per ordinary share attributable to ordinary shareholders        
Basic (in dollars per share) | (per share) ¥ (0.96) $ (0.14) ¥ (9.95) ¥ 1.11
Diluted (in dollars per share) | (per share) ¥ (0.96) $ (0.14) ¥ (9.95) ¥ 1.11
Weighted average shares used in calculating net income (loss) per ordinary share        
Basic (in shares) 30,178,859 30,178,859 30,832,271 31,977,665
Diluted (in shares) 30,178,859 30,178,859 30,832,271 31,977,665