v3.26.3
Short-Term Investments
6 Months Ended
Jun. 30, 2026
Short-Term Investments [Abstract]  
Short-term investments

Note 5 — Short-term investments 

 

Short-term investments consist of the following:

 

    December 31,
2025
    June 30,
2026
    June 30,
2026
 
    RMB     RMB     USD  
Marketable securities     2,062,818,597       1,783,257,278       261,824,029  

 

Fair value disclosure:

 

          December 31, 2025  
    December 31,     Fair Value  
    2025     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
Marketable securities     2,062,818,597       2,062,818,597       -       -  

 

          June 30, 2026  
    June 30,     Fair Value  
    2026     Level 1     Level 2     Level 3  
    RMB     RMB     RMB     RMB  
Marketable securities     1,783,257,278       1,783,257,278       -       -  

 

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 2,062,818,597 and RMB 1,783,257,278 (USD 261,824,029), respectively. The fair value change resulted in unrealized and realized investment loss of approximately RMB 180,285,879 (USD 26,470,199).