v3.26.1
Short-term investments
 6 Months Ended
Jun. 30, 2026
Short-term Investments  
Short-term investments

Note 4 — Short-term investments

 

Short-term investments consist of the following:

 

                       
    December 31,
2025		     June 30,
2026		     June 30,
2026		  
    RMB     RMB     USD  
          (Unaudited)     (Unaudited)  
Marketable securities     1,138,090,600       867,738,320       127,404,355  

 

Fair value disclosure:

 

                               
          December 31, 2025  
    December 31,     Fair Value  
    2025     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
Marketable securities     1,138,090,600       1,138,090,600       -       -  

 

          June 30, 2026  
    June 30,     Fair Value  
    2026     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
Marketable securities     867,738,320       867,738,320       -       -  

 

There is no transfer between the levels for the periods presented.

 

As of December 31, 2025, and June 30, 2026, short-term investments amounted to RMB 1,138,090,600 and RMB 867,738,320 (USD 127,404,355), respectively. The fair value change resulted in unrealized investment loss of approximately RMB 26,310,055 (USD 3,862,934). The realized investment loss was approximately RMB 205,180,664 (USD 30,125,338).