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Short-Term and Long-Term Debts (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Summary of Short-Term Debts | Short-term debts consist of the following:
Name |  | Fixed annual rate (%) |  |  | Term |  |  | As of December 31, 2020 |
|  |  |  |  |  |  |  | RMB |
Short-term borrowings |  |  | 3.40%-6.80% |  |  |  | 1-12 months |  |  |  |  |  |  |  | 355,816,940 |
Name |  | Fixed annual rate (%) |  |  | Term |  |  | As of December 31, 2021 |
|  |  |  |  |  |  |  | RMB |  |  | US$ |
Short-term borrowings |  |  | 3.75%-6.5% |  |  |  | 1-12 months |  |  |  | 579,776,131 |  |  |  | 90,979,527 |
Summary of Long-Term Debts | Long-term debts consist of the following:
Name |  | Fixed annual rate (%) |  |  | Term |  |  | As of December 31, 2020 |
|  |  |  |  |  |  |  | RMB |
Securitization debt payables (i) |  |  | 4.73%-6.00% |  |  |  | 18-20 months |  |  |  |  |  |  |  | 401,761,874 |
Co-financing debt payables (ii) |  |  | 5.50%-6.60% |  |  |  | 24- 36 months |  |  |  |  |  |  |  | 1,697,757,491 |
Long-term borrowings |  |  | 4.75%-6.00% |  |  |  | 36 months |  |  |  |  |  |  |  | 107,055,556 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,206,574,921 |
Name |  | Fixed annual rate (%) |  |  | Term |  |  | As of December 31, 2021 |
|  |  |  |  |  |  |  | RMB |  |  | US$ |
Co-financing debt payables (ii) |  |  | 5.50%-6.60% |  |  |  | 24-36 months |  |  |  | 954,444,171 |  |  |  | 149,773,118 |
Long-term borrowings |  |  | 4.45%-6.00% |  |  |  | 15- 36 months |  |  |  | 469,941,863 |  |  |  | 73,744,133 |
|  |  |  |  |  |  |  |  |  |  | 1,424,386,034 |  |  |  | 223,517,251 |
Summary of Contractual Obligations Which Excludes the Impact of Discount of Time Value | The following table sets forth the contractual obligations of long-term debts—non-current which has not included impact of discount of time value as of December 31, 2020 and 2021:
|  | Payment due by period |
|  | Less than 1 year |  |  | 1 - 2 years |  |  | 2 -3 years |  |  | Total |
As of December 31, 2020 (RMB) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debts – non-current |  |  | 62,363,881 |  |  |  | 663,503,529 |  |  |  | 368,390,299 |  |  |  | 1,094,257,709 |
As of December 31, 2021 (RMB) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debts – non-current |  |  | 29,956,101 |  |  |  | 490,167,979 |  |  |  | 24,730,673 |  |  |  | 544,854,753 |
As of December 31, 2021 (US$) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debts – non-current |  |  | 4,700,766 |  |  |  | 76,918,052 |  |  |  | 3,880,782 |  |  |  | 85,499,600 |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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