v3.26.1
Segment Information - Operating Segment (Details)
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Segment Information        
Net revenues ¥ 3,818,851,679 $ 546,088,526 ¥ 4,270,825,456 ¥ 5,530,404,557
Less: Cost of revenues        
Total cost of revenues (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 (expense) 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 (expense), 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
Revenue sharing fees and content costs        
Less: Cost of revenues        
Total cost of revenues (2,792,249,793)   (3,363,122,749) (3,878,385,035)
Single reportable segment        
Segment Information        
Net revenues 3,818,851,679   4,270,825,456 5,530,404,557
Less: Cost of revenues        
Total cost of revenues (3,329,325,336)   (3,946,992,974) (4,846,371,264)
Gross profit 489,526,343   323,832,482 684,033,293
Operating (expense) income        
Sales and marketing expenses (234,482,022)   (311,140,438) (351,726,623)
General and administrative expenses (137,656,630)   (204,428,800) (237,755,845)
Research and development expenses (121,058,278)   (181,676,080) (276,935,538)
Other operating income (expense), net 8,426,888   (200,174,118) 32,314,541
Impairment of goodwill       (13,966,789)
Total operating expenses (484,770,042)   (897,419,436) (848,070,254)
(Loss) income from operations 4,756,301   (573,586,954) (164,036,961)
Other (expenses) income, net (67,314,858)   21,898,241 (52,873,716)
Interest income 64,330,349   263,052,300 284,982,128
Foreign exchange gain (loss), net (517,288)   1,233,807 125,893
Income (loss) before income taxes and share of loss in equity method investments 1,254,504   (287,402,606) 68,197,344
Income tax expense (28,408,570)   (15,406,551) (1,068,958)
Share of loss in equity method investments (1,927,859)   (4,001,129) (31,610,752)
Net income (loss) (29,081,925)   (306,810,286) 35,517,634
Single reportable segment | Revenue sharing fees and content costs        
Less: Cost of revenues        
Total cost of revenues (2,792,249,793)   (3,363,122,749) (3,878,385,035)
Single reportable segment | Other costs        
Less: Cost of revenues        
Total cost of revenues ¥ (537,075,543)   ¥ (583,870,225) ¥ (967,986,229)