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Finance Lease Receivables, Net
 12 Months Ended
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