v3.26.1
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 6 Months Ended
Jun. 30, 2026
USD ($)
Jun. 30, 2026
CNY (¥)
Jun. 30, 2025
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income(loss) $ (33,649,881) ¥ (229,185,974) ¥ 31,736,118
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:      
Depreciation and amortization 5,741 39,099 164,749
(Reversal)/Allowance of credit loss of accounts receivables and other receivables 667,730 4,547,840 (4,874,917)
(Reversal)/Write off of prepaid service fee 6,733 45,857 (22,149)
Deferred tax expense 21,524 146,597
Loss on disposal of property and equipment 1,655 11,274
Amortization of operating lease right-of-use assets 55,780 379,914 544,125
Loss from short term investment-unrealized and realized 33,988,272 231,490,719 28,062,023
Change in operating assets and liabilities:      
Accounts receivables 2,659,464 18,113,345 196,082
Prepaid services fees (1,588,927) (10,822,025) (956,247)
Other receivables and prepaid expenses (4,259,236) (29,009,232) 4,893,635
Accounts payable (827,436) (5,635,587) (2,412,914)
Advance from customers 3,836,057 26,127,000 (974,415)
Other payables and accrued liabilities (131,227) (893,773) (120,833)
Operating lease liabilities (62,155) (423,334) (529,788)
Taxes payable 391,714 2,667,926 2,264,562
Net cash provided by operating activities 1,115,808 7,599,646 57,970,031
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of short term investments (389,427,840)
Proceeds from disposal of short-term investments 5,705,789 38,861,561 38,051,617
Net cash (used in)/provided by investing activities 5,705,789 38,861,561 (351,376,223)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from bank borrowings 3,670,587 25,000,000 25,000,000
Repayments of bank borrowings (3,670,587) (25,000,000) (10,000,000)
Issuance of convertible debts 1,064,213,504
Net cash provided by financing activities 1,079,213,504
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS (6,778,344) (46,166,620) (8,360,753)
CHANGE IN CASH, CASH EQUIVALENTS 43,252 294,587 777,446,559
CASH, CASH EQUIVALENTS, beginning of period 180,443,658 1,228,983,711 1,035,932,786
CASH, CASH EQUIVALENTS, end of period 180,486,910 1,229,278,298 1,813,379,345
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes 490 3,337 11,613
Cash paid for interest 59,477 405,092 759,480
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 100,761 686,272 467,308
Shares converted from convertible notes payable ¥ 1,213,304,370