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CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY
12 Months Ended
Dec. 31, 2019
CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY  
CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

SCHEDULE I

CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

BALANCE SHEETS

(in Renminbi “RMB”, except share and per share data)

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

December 31, 

 

As of December 31, 

 

    

2018

    

2019

    

2019

 

 

RMB

 

RMB

 

US$

Assets:

 

 

 

 

 

 

Cash and cash equivalents

 

309,504,088

 

14,051,790

 

2,018,413

Prepaid expenses and other current assets

 

5,823,242

 

4,762,941

 

684,154

Amount due from subsidiaries and VIEs

 

818,695,709

 

1,017,874,882

 

146,208,579

Investments in subsidiaries and VIEs

 

2,438,249,431

 

3,378,505,504

 

485,291,951

Total assets

 

3,572,272,470

 

4,415,195,117

 

634,203,097

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Accrued expenses and other liabilities

 

55,250,237

 

49,335,931

 

7,086,665

Total liabilities

 

55,250,237

 

49,335,931

 

7,086,665

 

 

 

 

 

 

 

Equity:

 

 

 

 

 

 

Common shares

 

189,586

 

201,240

 

28,906

Additional paid-in capital

 

2,824,223,031

 

2,987,363,137

 

429,107,865

Retained earnings (Accumulated deficits)

 

640,114,859

 

1,311,194,007

 

188,341,234

Accumulated other comprehensive income

 

52,494,757

 

67,100,802

 

9,638,427

Total equity

 

3,517,022,233

 

4,365,859,186

 

627,116,432

Total liabilities and equity

 

3,572,272,470

 

4,415,195,117

 

634,203,097

 


CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in Renminbi “RMB”, except share and per share data)

 

 

 

 

 

 

 

 

 

 

 

 

Year ended

 

Year ended

 

 

 

 

 

 

December 31, 

 

December 31, 

 

Year ended December 31, 

 

    

2017

    

2018

    

2019

    

2019

 

 

RMB

 

RMB

 

RMB

 

US$

General and administrative

 

(74,802,853)

 

(79,265,535)

 

(14,451,949)

 

(2,075,893)

Foreign exchange loss

 

(478,590)

 

 —

 

 

Interest income

 

1,358,777

 

122,320

 

77,030

 

11,065

Equity in profit (loss) of subsidiaries and VIEs

 

414,197,668

 

961,430,600

 

785,350,473

 

112,808,537

Other income (loss), net

 

 —

 

824,508

 

3,300,575

 

474,098

Net income (loss)

 

340,275,002

 

883,111,893

 

774,276,129

 

111,217,807

Other comprehensive income (loss)

 

(24,463,956)

 

19,045,117

 

14,606,045

 

2,098,027

Comprehensive income (loss)

 

315,811,046

 

902,157,010

 

788,882,174

 

113,315,834

 


CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY

STATEMENT OF CASH FLOWS

(in Renminbi “RMB”, except share and per share data)

 

 

 

 

 

 

 

 

 

 

 

 

Year ended

 

Year ended

 

 

 

 

 

 

December 31, 

 

December 31, 

 

Year ended December 31, 

 

    

2017

    

2018

    

2019

    

2019

 

 

RMB

 

RMB

 

RMB

 

US$

Net cash provided by (used in) operating activities

 

15,030,828

 

36,187,975

 

(10,004,797)

 

(1,437,099)

Loan to subsidiaries and VIE

 

(69,544,598)

 

(519,786,600)

 

(199,179,173)

 

(28,610,298)

Net cash used in investing activities

 

(69,544,598)

 

(519,786,600)

 

(199,179,173)

 

(28,610,298)

Contribution from shareholders

 

 —

 

681,989,413

 

6,035,665

 

866,969

Dividend paid

 

 —

 

 —

 

(103,196,981)

 

(14,823,319)

Net cash provided by (used in) financing activities

 

 —

 

681,989,413

 

(97,161,316)

 

(13,956,350)

Effect of foreign exchange rate changes

 

(24,740,525)

 

(6,283,113)

 

10,892,988

 

1,564,680

Net increase (decrease) in cash and cash equivalents

 

(79,254,295)

 

192,107,675

 

(295,452,298)

 

(42,439,067)

Cash and cash equivalents, beginning of year

 

196,650,708

 

117,396,413

 

309,504,088

 

44,457,481

Cash and cash equivalents, end of year

 

117,396,413

 

309,504,088

 

14,051,790

 

2,018,414