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Finance Lease Receivables, Net (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Summary of Finance Lease Receivables |
6.1 | Finance lease receivables consists of the following:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Finance lease receivables |  |  | 3,848,670,074 |  |  |  | 2,716,511,586 |  |  |  | 426,279,946 |
Add: unamortized initial direct costs |  |  | 390,796 |  |  |  | 388,585 |  |  |  | 60,977 |
Less: unearned income |  |  | (335,437,061 | ) |  |  | (241,256,613 | ) |  |  | (37,858,426 | )
Less: allowance for finance lease receivables—collective |  |  | (23,726,420 | ) |  |  | (32,216,759 | ) |  |  | (5,055,513 | )
Total finance lease receivables, net |  |  | 3,489,897,389 |  |  |  | 2,443,426,799 |  |  |  | 383,426,984 |
Finance lease receivables—current |  |  | 2,035,397,525 |  |  |  | 1,414,164,625 |  |  |  | 221,913,289 |
Finance lease receivables—non-current |  |  | 1,454,499,864 |  |  |  | 1,029,262,174 |  |  |  | 161,513,695 |
Summary of Future Minimum Lease Payments Receivable |
6.2 | The following table presents the future minimum lease payments to be received:
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | Total |
|  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |  |  | RMB |
Finance lease receivables |  |  | 1,519,798,191 |  |  |  | 896,477,696 |  |  |  | 249,411,737 |  |  |  | 33,033,582 |  |  |  | 17,790,380 |  |  |  | 2,716,511,586 |
|  | US$ |  |  | US$ |  |  | US$ |  |  | US$ |  |  | US$ |  |  | US$ |
Finance lease receivables |  |  | 238,489,500 |  |  |  | 140,676,913 |  |  |  | 39,138,144 |  |  |  | 5,183,690 |  |  |  | 2,791,699 |  |  |  | 426,279,946 |
Summary of Analysis of Aging Finance Lease Receivables Principal |
6.3 | The following table presents the aging of finance lease receivables principal as of December 31, 2020 and 2021:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Aging of finance lease receivables principal: |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 3,423,777,666 |  |  |  | 2,366,189,534 |  |  |  | 371,306,770 |
1-30 days past due |  |  | 68,919,540 |  |  |  | 90,969,086 |  |  |  | 14,275,035 |
31-60 days past due |  |  | 7,515,295 |  |  |  | 6,290,856 |  |  |  | 987,173 |
61-90 days past due |  |  | 5,260,689 |  |  |  | 3,656,847 |  |  |  | 573,839 |
91-120 days past due |  |  | 3,678,200 |  |  |  | 3,868,995 |  |  |  | 607,130 |
121-150 days past due |  |  | 2,570,865 |  |  |  | 2,201,790 |  |  |  | 345,509 |
151-180 days past due |  |  | 1,901,554 |  |  |  | 2,466,450 |  |  |  | 387,041 |
|  |  | 3,513,623,809 |  |  |  | 2,475,643,558 |  |  |  | 388,482,497 |
Summary of Movement of Allowance for Finance Lease Receivables |
6.4 | Movement of allowance for finance lease receivables is as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
Balance at the beginning of the year |  |  | 19,088,837 |  |  |  | 23,726,420 |  |  |  | 3,723,193 |
Additions |  |  | 36,282,049 |  |  |  | 25,839,117 |  |  |  | 4,054,721 |
Charge-offs |  |  | (31,644,466 | ) |  |  | (17,348,778 | ) |  |  | (2,722,401 | )
Balance at the end of the year |  |  | 23,726,420 |  |  |  | 32,216,759 |  |  |  | 5,055,513 |

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123386454&loc=d3e45280-112737 + Details
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