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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases  
Summary of supplemental information related to operating leases
 
As of September 30, 2019
 
 
RMB
 
Operating lease
ROU
assets
   
8,944,250
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating lease liabilities-current
   
3,392,274
 
Operating lease liabilities-non
-
current
   
5,740,119
 
 
 
 
 
 
Total operating lease liabilities
   
9,132,393
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average remaining lease term
   
4.5
years
 
Weighted average discount rate
   
4.7
%
Summary of lease cost recognized and supplemental cash flow information related to operating leases
 
For the nine months ended
September 30, 2019
 
 
RMB
 
Operating lease cost
   
2,488,840
 
Short-term lease cost
   
860,237
 
 
 
 
 
 
Total(*)
   
3,349,077
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating cash flows from operating leases
 
 
2,323,248
 
 
(*) The
 
lease
expense was RMB
2,783,933
for the nine months ended September 30, 2018.
Summary of maturity of lease liabilities
 
As of September 30, 2019
 
 
RMB
 
Remainder of 2019
   
1,096,019
 
2020
   
2,984,093
 
2021
   
2,019,774
 
2022
   
1,438,755
 
2023
   
1,048,445
 
2024 and thereafter
   
1,586,543
 
 
 
 
 
 
Total lease payments
   
10,173,629
 
Less
:
interest
   
(1,041,236
)
Present value of
operating 
lease liabilities
   
9,132,393