v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 6 Months Ended
Jun. 30, 2026
CNY (¥)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Total net loss ¥ (50,547,783) $ (7,449,822) ¥ (4,345,377)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,256,154 332,516 767,121
Non-cash operating lease 298,274 43,960 548,350
Gain from termination of operating lease     (18,068)
Net loss on disposal of property and equipment 3,500 516 17,115
Credit loss for accounts receivable 1,430,109 210,772 1,550,481
Unrealized foreign exchange gain (450,694) (66,424) (678,405)
Deferred tax (869,289) (128,117) (232,572)
Employee stock compensation 32,964,266 4,858,332  
Changes in operating assets and liabilities:      
Accounts receivable (1,190,647) (175,480) 591,698
Prepayment and other current assets 4,195,631 618,359 (2,400,416)
Accounts payable 2,941,374 433,505  
Other payables (2,017,339) (297,319) (391,533)
Payroll payables 26,021 3,835 362,508
Deferred revenue 584,378 86,127 (103,059)
Change in lease liabilities - operating lease (252,223) (37,173) (575,385)
Taxes payable (36,374) (5,361) (225,696)
NET CASH USED IN OPERATING ACTIVITIES (10,664,642) (1,571,774) (5,133,238)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (168,197) (24,789) (30,314)
Purchase of intangible assets (66,328,193) (9,775,566) (943,397)
Proceeds from disposal of property and equipment     1,000
Net cash acquired from acquisitions     445,823
NET CASH USED IN INVESTING ACTIVITIES (66,496,390) (9,800,355) (526,888)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from bank loans     7,740,000
Repayments of bank loans (3,010,000) (443,619) (1,000,000)
Proceeds from issuance of ordinary shares, net of issuance costs 112,456,186 16,573,991  
Deferred costs related to initial public offering     (1,487,976)
Net proceeds from (repayment to) related parties (205,081) (30,225) 4,392,047
NET CASH PROVIDED BY FINANCING ACTIVITIES 109,241,105 16,100,147 9,644,071
EFFECT OF FOREIGN EXCHANGE RATE ON CASH AND CASH EQUIVALENT (16,376) (2,414) (38)
NET INCREASE IN CASH AND CASH EQUIVALENTS 32,063,697 4,725,604 3,983,907
TOTAL CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 19,773,580 2,914,265 3,918,146
TOTAL CASH AND CASH EQUIVALENTS, END OF PERIOD 51,837,277 7,639,869 7,902,053
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest expense 279,730 41,227 109,609
Cash paid for income tax 57,682 8,501 11,434
Supplemental Schedule of Non-Cash Investing and Financing Activities      
Right-of-use assets obtained in exchange for new operating lease liabilities ¥ 663,702 $ 97,818 ¥ 1,303,459