| Schedule of Consolidated Financial Statements |
The following combined financial information
of the Group’s VIEs as of December 31, 2024 and 2025 and for the years ended December 31, 2023, 2024 and 2025 was included in the
accompanying consolidated financial statements of the Group as follows:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ (Note 2(g)) | |
| ASSETS | |
| | |
| | |
| |
| Current assets: | |
| | |
| | |
| |
| Cash | |
| 3,897,892 | | |
| 11,699,127 | | |
| 1,672,953 | |
| Amounts due from inter-company entities | |
| 15,356,140 | | |
| - | | |
| - | |
| Prepayments and other current assets, net | |
| 4,426,665 | | |
| 11,054,550 | | |
| 1,580,779 | |
| Amounts due from a related party | |
| 9,542,000 | | |
| 8,692,000 | | |
| 1,242,939 | |
| Accounts receivable | |
| 156,770 | | |
| 164,207 | | |
| 23,481 | |
| Total current assets | |
| 33,379,467 | | |
| 31,609,884 | | |
| 4,520,152 | |
| Non-current assets: | |
| | | |
| | | |
| | |
| Property and equipment, net | |
| 146,646,206 | | |
| 142,306,682 | | |
| 20,349,585 | |
| Land use rights, net | |
| 33,927,238 | | |
| 32,980,543 | | |
| 4,716,155 | |
| Intangible assets, net | |
| 7,749 | | |
| 5,634 | | |
| 806 | |
| Right-of-use assets | |
| 51,906,613 | | |
| 54,080,188 | | |
| 7,733,364 | |
| Other non-current asset | |
| 1,100,000 | | |
| 7,800,000 | | |
| 1,115,385 | |
| Total non-current assets | |
| 233,587,806 | | |
| 237,173,047 | | |
| 33,915,295 | |
| Total assets | |
| 266,967,273 | | |
| 268,782,931 | | |
| 38,435,447 | |
| LIABILITIES | |
| | | |
| | | |
| | |
| Current liabilities | |
| | | |
| | | |
| | |
| Short-term borrowings | |
| 84,000,000 | | |
| 84,000,000 | | |
| 12,011,840 | |
| Accounts payable | |
| 367,678 | | |
| 3,964,037 | | |
| 566,850 | |
| Contract liabilities | |
| 5,595,491 | | |
| 7,796,228 | | |
| 1,114,846 | |
| Salary and welfare payable | |
| 1,779,265 | | |
| 1,739,339 | | |
| 248,722 | |
| Amounts due to related parties | |
| 1,817,485 | | |
| 1,621,303 | | |
| 231,843 | |
| Tax payable | |
| 2,139,976 | | |
| 3,215,855 | | |
| 459,861 | |
| Income tax payable | |
| 213,495 | | |
| 179,316 | | |
| 25,642 | |
| Amount due to inter-company entities | |
| 20,645,000 | | |
| 309,551,096 | | |
| 44,265,218 | |
| Accrued liabilities and other current liabilities | |
| 7,457,837 | | |
| 11,046,243 | | |
| 1,579,591 | |
| Operating lease liabilities, current | |
| 9,208,569 | | |
| 10,479,626 | | |
| 1,498,567 | |
| Total current liabilities | |
| 133,224,796 | | |
| 433,593,043 | | |
| 62,002,980 | |
| Non-current liabilities | |
| | | |
| | | |
| | |
| Amounts due to Affected Entity, non-current | |
| 158,514,326 | | |
| - | | |
| - | |
| Operating lease liabilities, non-current | |
| 38,352,135 | | |
| 38,439,295 | | |
| 5,496,746 | |
| Other non-current liabilities | |
| 1,000,000 | | |
| 1,000,000 | | |
| 142,998 | |
| Total non-current liabilities | |
| 197,866,461 | | |
| 39,439,295 | | |
| 5,639,744 | |
| Total liabilities | |
| 331,091,257 | | |
| 473,032,338 | | |
| 67,642,724 | |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ (Note 2(g))
| |
| Net revenues from continuing operations | |
| 48,374,296 | | |
| 32,139,658 | | |
| 30,606,575 | | |
| 4,376,682 | |
| Net revenues from discontinued operation | |
| 1,617,904 | | |
| - | | |
| - | | |
| - | |
| Net loss from continuing operations | |
| (100,474,594 | ) | |
| (21,277,736 | ) | |
| (34,139,026 | ) | |
| (4,881,816 | ) |
| Net loss from discontinued operation | |
| (23,394,661 | ) | |
| - | | |
| - | | |
| - | |
| Net cash (used in)/provided by operating activities | |
| (16,213,871 | ) | |
| (16,099,979 | ) | |
| 17,518,687 | | |
| 2,505,139 | |
| Net cash used in investing activities | |
| (7,576,283 | ) | |
| (554,082 | ) | |
| (13,617,452 | ) | |
| (1,947,270 | ) |
| Net cash provided by financing activities | |
| 2,227,473 | | |
| 8,750,000 | | |
| 3,900,000 | | |
| 557,693 | |
| Net changes in cash and cash equivalents | |
| (21,562,681 | ) | |
| (7,904,061 | ) | |
| 7,801,235 | | |
| 1,115,562 | |
|