XML 29 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Cash flows from operating activities:        
Net income/(loss) ¥ 91,731,395 $ 12,567,149 ¥ 39,133,539 ¥ (362,051,956)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:        
Provision for/(Reversal of) expected credit loss for receivables and other assets (18,615,779) (2,550,351) 24,653,548 (221,121,383)
Impairment loss from other assets 1,570,020 215,092 5,799,642 268,926,952
Depreciation and amortization 22,506,444 3,083,370 13,915,526 7,946,648
Amortization of right-of-use assets 32,958,949 4,515,358 27,357,349 56,380,582
Loss on disposal of property and equipment 690,098 94,543 2,568,274 8,227,046
Gain on lease contract termination       (55,108,922)
Accrued interest of convertible senior notes       1,732,915
Income from the repurchase of convertible senior notes       (10,028,456)
Share-based compensation expense 2,257,795 309,317 4,935,782 24,053,760
Losses/(income) from equity method investments 4,048,792 554,682 (3,207,384) (13,998,022)
Unrealized investment (income)/losses of short-term investments and structured deposits (128,094,346) (17,548,853) (13,304,022) 41,288,248
Investment losses of long-term investments 131,604,073 18,029,684 13,502,789 58,356,978
Investment (income)/losses of derivative instruments (19,457,360) (2,665,647) (153,834,938) 180,503,919
Foreign exchange loss/(gain), net (20,658,172) (2,830,158) 2,931,704 (250,234)
Changes in operating assets and liabilities:        
Accounts receivables (8,468,158) (1,160,133) (26,082,307) 44,040,204
Contract assets       27,996,290
Deferred tax assets and liabilities     (2,117,892) 20,860,679
Other current and non-current assets (47,282,039) (6,477,613) 395,362,790 254,556,401
Guarantee liabilities       (885,303)
Operating lease liabilities (30,645,878) (4,198,468) (25,839,863) (29,219,868)
Other current and non-current liabilities (125,146,062) (17,144,941) 46,245,024 (41,335,021)
Net cash provided by/(used in) operating activities (111,000,228) (15,206,969) 352,019,561 260,871,457
Cash flows from investing activities:        
Proceeds from redemption of short-term investments and time and structured deposits 10,556,981,319 1,446,300,511 22,690,772,623 16,062,252,248
Proceeds from redemption of long-term investments 1,132,210 155,112 15,861,577  
Proceeds from collection of loan principal       6,492,787,117
Principal collection of secured lending 236,539,876 32,405,830 11,775,050  
Principal collection of finance lease receivables     5,953,915 36,115,570
Payments to originate secured lending (242,436,280) (33,213,634) (100,000,000)  
Proceeds from disposal of long-term assets 975,009 133,576 4,698,769 7,895,615
Purchases of short-term investments and time and structured deposits (11,345,027,121) (1,554,262,343) (19,193,774,685) (15,538,749,194)
Purchases of property and equipment, intangible assets and land use right (317,998,577) (43,565,626) (565,028,199) (273,627,149)
Purchase of long-term investment     (22,910,000) (4,161,298)
Purchase of equity method investment (14,000,000) (1,917,992)   (32,150,000)
Payments to originate loan principal       (3,955,464,909)
Collection/(Payments) of deposits related to derivative instruments (1,250,533,516) (171,322,389) 1,048,095,123 (880,068,744)
Film investment as passive investor 30,000,000 4,109,983   (30,000,000)
Net cash (used in)/provided by investing activities (2,344,367,080) (321,176,972) 3,895,444,173 1,884,829,256
Cash flows from financing activities:        
Proceeds from short-term borrowings 720,000,000 98,639,596    
Proceeds from exercise of share options     213 141
Repayment of borrowings     (145,311,721)  
Repurchase of ordinary shares (533,156,442) (73,042,133) (420,660,053) (145,866,006)
Repurchase of convertible senior notes       (689,124,926)
Net cash (used in)/provided by financing activities 186,843,558 25,597,463 (565,971,561) (834,990,791)
Effect of exchange rate changes 46,243,392 6,335,317 12,538,338 18,618,221
Net increase in cash and cash equivalents, and restricted cash and cash equivalents (2,222,280,358) (304,451,161) 3,694,030,511 1,329,328,143
Cash and cash equivalents, and restricted cash and cash equivalents at beginning of the year 7,266,778,502 995,544,573 3,572,747,991 2,243,419,848
Cash and cash equivalents, and restricted cash and cash equivalents at end of the year 5,044,498,144 691,093,412 7,266,778,502 3,572,747,991
Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the consolidated balance sheet        
Cash and cash equivalents 4,263,311,636   7,207,343,478 3,486,376,077
Restricted cash and cash equivalents 781,186,508   59,435,024 86,371,914
Total cash and cash equivalents, and restricted cash and cash equivalents 5,044,498,144   7,266,778,502 3,572,747,991
Supplemental disclosures of cash flow information:        
Income taxes paid ¥ 144,224,535 $ 19,758,680 ¥ 43,369,793 59,108,121
Interest expense paid       ¥ 1,707,057