v3.26.1
Consolidated Balance Sheets
Jun. 30, 2026
USD ($)
Jun. 30, 2026
CNY (¥)
Dec. 31, 2025
CNY (¥)
Current assets:      
Cash and cash equivalents $ 1,392,701 ¥ 9,449,618 ¥ 12,782,851
Prepayments and other current assets, net 1,597,530 10,839,403 12,303,879
Accounts receivable 62,947 427,105 164,207
Total current assets 4,090,893 27,757,126 34,182,937
Non-current assets:      
Property and equipment, net 20,752,791 140,809,762 142,771,400
Land use rights, net 4,790,968 32,507,195 32,980,543
Intangible assets, net 16,875 114,501 130,896
Right-of-use assets 1,609,578 10,921,149 54,080,188
Other non-current assets 1,149,578 7,800,000 7,800,000
Investments in equity securities 6,403,677 43,449,588 44,974,376
Total non-current assets 34,723,467 235,602,195 282,737,403
TOTAL ASSETS 38,814,360 263,359,321 316,920,340
Current liabilities:      
Short-term borrowings 12,380,068 84,000,000 84,000,000
Accounts payable 25,272 171,474 4,020,942
Deferred revenue, current 318,678 2,162,260 7,796,228
Salary and welfare payable 186,899 1,268,129 1,829,701
Taxes payable 113,016 766,823 3,266,167
Income tax payable 26,428 179,316 179,316
Accrued liabilities and other current liabilities 1,381,107 9,370,955 11,081,009
Amounts due to Affected Entity, current 1,486,728 10,087,596
Operating lease liabilities, current 387,946 2,632,254 10,479,626
Total current liabilities 16,545,092 112,260,109 124,274,292
Non-current liabilities:      
Operating lease liabilities, non-current 1,225,699 8,316,493 38,439,295
Other non-current liabilities 147,382 1,000,000 1,000,000
Total non-current liabilities 1,373,081 9,316,493 39,439,295
Total liabilities 17,918,173 121,576,602 163,713,587
Commitments and contingencies
Shareholders’ equity:      
Additional paid-in capital 70,227,526 476,500,785 476,500,785
Statutory reserves 8,932,889 60,610,543 60,610,543
Accumulated other comprehensive income 962,898 6,533,359 6,547,327
Accumulated deficit (59,433,328) (403,261,074) (391,851,008)
TOTAL SHAREHOLDERS’ EQUITY 20,896,187 141,782,719 153,206,753
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 38,814,360 263,359,321 316,920,340
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 201,706 1,368,598 1,368,598
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 4,496 30,508 30,508
Related Party      
Current assets:      
Amounts due from related parties 1,037,715 7,041,000 8,932,000
Current liabilities:      
Amounts due to a related party $ 238,950 ¥ 1,621,302 ¥ 1,621,303