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Short-Term and Long-Term Debts (Tables)

12 Months Ended

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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