v3.26.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities        
Net loss ¥ (121,262,741) $ (17,340,342) ¥ (24,702,033) ¥ (126,989,866)
Net loss from discontinued operation (23,394,661)
Net loss from continuing operations (121,262,741) (17,340,342) (24,702,033) (103,595,205)
Adjustments for:        
Provision/(reversal) for credit losses 12,310 1,760 (1,574,942) 65,078,293
Depreciation of property and equipment 4,596,107 657,235 4,598,768 6,128,680
Amortization of land use rights 946,697 135,376 946,697 946,697
Amortization of intangible assets 32,791 4,689 32,789 33,045
Amortization of right-of-use assets 9,020,938 1,289,977 6,158,318 4,185,583
Impairment of goodwill 22,677,921
Deferred tax expenses 2,903,456
Impairment loss on investments 83,621,753 11,957,752
Changes in assets and liabilities:        
Accounts receivable (7,437) (1,063) (147,390) (6,601)
Inventories 886,895 276,881
Prepayments and other current assets (469,459) (67,132) 1,921,752 5,195,189
Amounts due from related parties 610,000 87,229 (6,792,000) (10,750,000)
Other non-current asset 800,000 114,398 (1,100,000)
Accounts payable 3,632,448 519,433 (1,115,604) (295,626)
Amounts due to a related party (196,182) (28,054) 1,817,485 7,676,600
Amounts due to Affected Entity, current (288,748,886) (41,290,542) 8,912,193 (60,375,678)
Salaries and welfare payable (32,079) (4,587) (592,660) 645,567
Taxes payable 1,119,348 160,065 1,315,310 160,456
Income tax payable (34,179) (4,888) (6,337) 162,001
Contract liabilities 2,200,737 314,701 (917,581) (1,024,939)
Accrued liabilities and other current liabilities (308,763) (44,151) 1,540,776 (3,064,836)
Other non-current liabilities 1,000,000
Operating lease liabilities, current and non-current (9,836,296) (1,406,572) (10,504,227) (3,866,909)
Net cash used in operating activities from continuing operations (314,302,893) (44,944,716) (18,321,791) (66,909,425)
Net cash provided by operating activities from discontinued operation 7,709,950
Net cash used in operating activities (314,302,893) (44,944,716) (18,321,791) (59,199,475)
Cash flows from investing activities:        
Purchase of short-term investments (300,000) (42,899) (170,000)
Proceeds from maturity of short-term investments 300,000 42,899 170,000
Purchase of property and equipment and intangible assets (117,452) (16,795) (298,083) (2,177,538)
Disposal of non-controlling interests (255,999)
Cash loss of disposal of Qingtian International School (4,972,757)
Cash loss of disposal of Chuangmei Weiye (425,988)
Payments for software platform development (7,500,000) (1,072,486)
Prepayment for merger and acquisition consulting services (6,000,000) (857,989)
Payment for investment in fund (128,596,129) (18,389,002)
Net cash used in investing activities from continuing operations (142,213,581) (20,336,272) (554,082) (7,576,283)
Net cash provided by investing activities from discontinued operation
Net cash used in investing activities (142,213,581) (20,336,272) (554,082) (7,576,283)
Cash flows from financing activities:        
Proceeds from short-term borrowings with banks 104,000,000 14,871,802 114,000,000 98,000,000
Repayments of short-term borrowings with banks (104,000,000) (14,871,802) (104,000,000) (85,000,000)
Repayments of long-term borrowings with banks (1,250,000) (2,500,000)
Proceeds from issuance of ordinary shares, net of issuance cost 250,422,660 35,809,964 41,856,434
Proceeds from borrowings from third parties 3,900,000 557,693
Withdrawal of non-controlling shareholders (500,000)
Net cash provided by financing activities from continuing operations 254,322,660 36,367,657 8,750,000 51,856,434
Net cash used in financing activities from discontinued operation (7,772,526)
Net cash provided by financing activities 254,322,660 36,367,657 8,750,000 44,083,908
Effect of exchange rate changes on cash and cash equivalents (5,747,573) (821,892) 3,809,860 2,970,553
Net decrease in cash and cash equivalents (207,941,387) (29,735,223) (6,316,013) (19,721,297)
Cash and cash equivalents at the beginning of year 220,724,238 31,563,146 227,040,251 246,761,548
Cash and cash equivalents at the end of year 12,782,851 1,827,923 220,724,238 227,040,251
Less: cash and cash equivalents of discontinued operations at the end of year  
Cash and cash equivalents of continuing operations at the end of year 12,782,851   220,724,238 227,040,251
Supplemental disclosure of cash flow information:        
Cash paid for interest expenses 3,480,392 497,689 2,739,254 3,838,286
Cash paid for income tax expenses 40,332 5,767 9,154 66,549
Supplemental disclosure of non-cash flow information:        
Obtaining right-of-use assets in exchange for operating lease liabilities 11,194,513 1,600,794 55,593,928
Deemed shareholder’s contribution 9,546,392
Deemed withdrawal of shareholder’s contribution (115,702,723) (16,545,269) (17,455,572)
Offset between consideration from disposal of Qingtian International School and amount due to Lianwai School 23,161,000
Disposal Qingtian International School 3,726,595
Offset between amounts due to Qingtian Zhongyi and amounts due from Qingtian International School ¥ 8,000,000