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Finance Lease Receivables, Net | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Finance Lease Receivables, Net |
6. | FINANCE LEASE RECEIVABLES, NET
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 |
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 |
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 |
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 The entire disclosure of lessor's direct financing leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
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