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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured and Recorded at Fair Value on Recurring Basis
The following table summarizes the Company’s financial assets measured and recorded at fair value on recurring basis as of December 31, 2020:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     As of December 31, 2020  
     Active market      Observable input     
Non-observable input
         
     (Level 1)      (Level 2)      (Level 3)      Total  
     RMB      RMB      RMB      RMB  
Asset:
                                    
Short-term investment
      3,686,543,199        655,813,413        —          4,342,356,612  
 
The following table summarizes the Company’s financial assets and financial liabilities measured and recorded at fair value on recurring basis as of December 31, 2021:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     As of December 31, 2021  
     Active market      Observable input     
Non-observable input
         
     (Level 1)      (Level 2)      (Level 3)      Total  
     RMB      RMB      RMB      RMB  
Asset:
                                    
Short-term investment
      464,715,237        2,134,220,467        —          2,598,935,704  
Liability:
                                    
Derivative financial liability
      —          5,346,389        —          5,346,389  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     As of December 31, 2021  
     Active market      Observable input     
Non-observable input
         
     (Level 1)      (Level 2)      (Level 3)      Total  
     US$      US$      US$      US$  
Assets:
                                    
Short-term investment
      72,923,961        334,905,764        —          407,829,725  
Liability:
                                    
Derivative financial liability
      —          838,965        —          838,965