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Organization (Tables) | 12 Months Ended
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Dec. 31, 2024
Organization |
Schedule of Company's main subsidiaries and VIEs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Percentage of |  | ​
​ | ​ | ​ | ​ | ​ | ​ | legal | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ownership by | ​ | ​
​ | ​ | ​ | ​ | Place of |  | the | ​ | ​
Entity |  | Date of incorporation |  | incorporation |  | Company |  | Principal activities
Subsidiaries | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
QD Data Limited (“Qudian HK”) | ​ | December 2, 2016 |  | Hong Kong (“HK”) |  | 100 | % | Investment holding
QD Technologies Limited (“Qudian BVI”) | ​ | November 23, 2016 |  | British Virgin Islands (“BVI”) |  | 100 | % | Investment holding
Qufenqi (Ganzhou) Information Technology Co., Ltd. (“Qufenqi Ganzhou”) | ​ | September 5, 2016 |  | PRC |  | 100 | % | Investment holding, research and development
Xiamen Qudian Financial Lease Ltd. (“Xiamen Financial Lease”) | ​ | April 21, 2017 | ​ | PRC | ​ | 100 | % | Financial lease
Qufenqi (HK) Limited (“Qufenqi HK”) | ​ | April 28, 2014 |  | HK |  | 100 | % | Investment holding
Xiamen Qudian Technology Co., Ltd. (“Xiamen Qudian”) | ​ | April 1, 2017 | ​ | PRC | ​ | 100 | % | Technology development and service, sale of products
Bloomgoods Inc.(“Bloomgoods Inc.”, formerly known as Fast Horse Inc.) | ​ | June 28, 2018 | ​ | Cayman Islands | ​ | 100 | % | Investment holding
Xiamen Happy Time Technology Co., Ltd. (“Xiamen Happy Time”) | ​ | September 5, 2018 |  | PRC |  | 100 | % | Technology development and service
Bloomgoods Limited (“Bloomgoods Limited ”, formerly known as Fast Horse Express Limited) | ​ | June 29, 2018 | ​ | BVI | ​ | 100 | % | Investment holding
FAST HORSE LIMITED | ​ | June 8, 2023 | ​ | New Zealand | ​ | 100 | % | Delivery service
F&H EXPRESS PTY LTD (“F&H EXPRESS PTY”) | ​ | December 9, 2022 | ​ | Australia | ​ | 100 | % | Delivery service
LAST MILE EXPRESS PTY LTD (“LAST MILE EXPRESS”) | ​ | October 17, 2022 | ​ | Australia | ​ | 100 | % | Delivery service
VIEs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Xiamen Quxianxiang Time Technology Co., Ltd. (“Xiamen Quxianxiang”, formerly known as Beijing Happy Time Technology Development Co., Ltd.) | ​ | April 9, 2014 | ​ | PRC | ​ | Nil | ​ | Technology development and service, sale of products
Xiamen Lexiang Time Technology Co., Ltd. (“Xiamen Lexiang”, formerly known as Ganzhou Qudian Technology Co., Ltd.) | ​ | November 25, 2016 | ​ | PRC | ​ | Nil | ​ | Technology development service, sale of products and educational services
Schedule of financial statements information of VIEs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2023 |  | 2024
​ |  | RMB |  | RMB |  | US$
Amounts due from group companies | ​ | 1,112,061,344 | ​ | 488,678,227 | ​ | 66,948,643
Other current assets* |  | 6,685,930,057 |  | 4,097,569,900 |  | 561,364,775
Total current assets |  | 7,797,991,401 |  | 4,586,248,127 |  | 628,313,418
Total non-current assets** |  | 365,557,715 |  | 2,623,967,844 |  | 359,482,121
Total assets |  | 8,163,549,116 |  | 7,210,215,971 |  | 987,795,539
Amounts due to group companies | ​ | 344,028,011 | ​ | 5,099 | ​ | 699
Other current liabilities | ​ | 130,226,166 | ​ | 8,300,951 | ​ | 1,137,226
Total current liabilities |  | 474,254,177 |  | 8,306,050 |  | 1,137,925
Total non-current liabilities |  | 39,083 |  | — |  | —
Total liabilities |  | 474,293,260 |  | 8,306,050 |  | 1,137,925
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ | ​ | 2022 |  | 2023 |  | 2024
​ |  | RMB |  | RMB |  | RMB |  | US$
Revenues |  | 578,002,415 | ​ | 47,770,942 | ​ | 198 | ​ | 27
Net income /(loss)*** |  | 221,602,406 | ​ | 171,107,836 | ​ | (448,652,409) | ​ | (61,465,128)
* As of December 31 2024, other current assets primarily include cash and cash equivalents of RMB 2,187 million (US$300 million), restricted cash of RMB 743 million (US$102 million), and time and structured deposits of RMB 784 million (US$107 million). ** As of December 31, 2024, total non-current assets primarily include long-term equity investments of RMB 2,544 million (US$349 million), which mainly consist of an investment in the subsidiary, Shenzhen Qudian Investment Partnership (Limited Partnership). *** For the year of 2024, net income/(loss) primarily includes the expected credit loss for others amounting to RMB 367 million (US$50 million). ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the years ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
​ |  | RMB |  | RMB |  | RMB |  | US$
Net cash provided by/ (used in) operating activities |  | (329,949,497) | ​ | 1,132,978,031 | ​ | (1,349,175,834) | ​ | (184,836,331)
Net cash provided by/ (used in) investing activities |  | 489,498,990 | ​ | 1,449,584,102 | ​ | (561,586,008) | ​ | (76,936,967)
Net cash (used in)/provided by financing activities |  | 575,109,678 | ​ | (111,291,410) | ​ | (156,112,319) | ​ | (21,387,300)

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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
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