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CONSOLIDATED STATEMENTS OF CASH FLOWS
 12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 111,246,516 ¥ 774,475,992 ¥ 883,056,836 ¥ 339,494,652
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Depreciation and amortization 1,634,591 11,379,697 9,635,032 5,366,195
Share-based compensation 22,568,315 157,116,095 171,836,485 74,009,575
Impairment of long-term investments 1,801,011 12,538,280    
Gain on disposal of investment       (1,500,000)
Loss (gain) from equity in affiliates (2,507,670) (17,457,899) (8,055,105) 832,385
Gain from disposal of property and equipment (343) (2,389) (66) (103)
Fair value adjustments related to Consolidated Trusts (9,216,371) (64,162,533) (12,358,626) 9,750,565
Change in fair value of financial guarantee derivative 35,389,099 246,371,828 200,971,302 18,110,752
Provision for accounts receivable and contract assets 34,644,319 241,186,823 396,996,410 167,700,495
Interest income (3,894,331) (27,111,557)    
Deferred tax benefits (23,688,117) (164,911,933) (3,162,072) (257,121,164)
Other non-cash expenses 35,616 247,954    
Changes in operating assets and liabilities:        
Accounts receivable and contract assets 52,709,381 366,952,171 (665,341,737) (1,138,792,125)
Prepaid expenses and other current assets (102,827,141) (715,861,991) (6,440,698) (11,850,168)
Amount due from related party 2,872,820 20,000,000 (20,000,000)  
Origination of loans held for sale (1,157,267,466) (8,056,664,647) (5,096,651,671) (15,072,262,146)
Sales and maturity of loans held for sale 1,201,152,704 8,362,184,896 5,232,573,583 14,461,175,264
Loan receivable from loans receivables Xiaoying Housing Loans 2,174,003 15,134,973 29,146,788 (176,499,046)
Other non-current assets 43,082 299,925 (3,054,940) (1,400,688)
Guarantee liabilities (491,669) (3,422,898) (524,270,832) 444,507,581
Financial guarantee derivative (87,345,827) (608,084,177) (612,482,131) 35,150,164
Accrued payroll and welfare (4,282,721) (29,815,450) 15,691,600 30,959,302
Other tax payable (10,922,935) (76,043,291) 28,180,979 89,845,696
Income tax payable 4,130,718 28,757,234 (89,093,593) 395,221,541
Deposit payable to channel cooperators (3,608,081) (25,118,739) (220,120) (57,232,429)
Accrued expenses and other current liabilities 9,249,467 64,392,936 38,048,852 29,206,511
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 86,266,016 600,566,742 5,354,151 (615,327,191)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of property and equipment and intangible assets (2,175,179) (15,143,162) (38,634,331) (20,645,321)
Disposal of property and equipment 16,576 115,402 5,332 2,997
Loan to shareholder       (217,000,000)
Loan collected from shareholder       217,000,000
Principal payment of loans at fair value (811,092,815) (5,646,665,956) (67,852,371) (1,444,135,285)
Principal collection of loans at fair value 425,452,142 2,961,912,723 744,351,887 1,492,468,221
Purchase of long-term investments     (225,000,000) (55,000,000)
Disposal of long-term investments       16,500,000
Purchase of loans' earnings rights from related party (54,583,585) (380,000,000)    
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (442,382,861) (3,079,780,993) 412,870,517 (10,809,388)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from exercise of options 866,969 6,035,665    
Proceeds from initial public offering     713,089,781  
Payments of initial public offering cost     (31,100,368)  
Proceeds from equity financing       1,000,000,000
Dividends to shareholders (14,823,319) (103,196,981)    
Acquisition of additional interest in subsidiary     (1,400,000)  
Proceeds from short-term bank borrowings 29,159,126 203,000,000 198,000,000  
Repayments of short-term bank borrowings (57,600,046) (401,000,000)    
Loan from related parties       285,467,540
Loan repayment to related parties       (392,113,384)
Cash received from investors- Consolidated Trusts 619,532,305 4,313,060,000   1,096,800,000
Cash paid to investors- Consolidated Trusts (187,697,223) (1,306,710,525) (696,800,000) (1,160,000,000)
CASH PROVIDED BY FINANCING ACTIVITIES 389,437,812 2,711,188,159 181,789,413 830,154,156
Effect of foreign exchange rate changes 1,525,882 10,622,885 (6,283,113) (24,740,525)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 34,846,849 242,596,793 593,730,968 179,277,052
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 183,531,075 1,277,706,639 683,975,671 504,698,619
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT YEAR END 218,377,924 1,520,303,432 1,277,706,639 683,975,671
Supplemental disclosures of cash flow information:        
Income taxes paid, net of refunds 6,184,041 43,052,057 302,176,854 147,849
Interest paid 499,116 3,474,745    
Non-cash investing activities:        
Payable for purchase of property and equipment and intangible assets       1,586,987
Reconciliation to amounts on consolidated balance sheets:        
Total cash and cash equivalents and restricted cash 218,377,924 1,520,303,432 1,277,706,639 ¥ 683,975,671
Xiaoying Credit Loans And Revolving Loans        
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Provision for loan receivable 5,407,114 37,643,244    
Provision for Loan and Lease Losses 5,407,114 37,643,244    
Xiaoying Housing Loan        
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Provision for loan receivable 3,365,601 23,430,641 40,347,875  
Provision for Loan and Lease Losses $ 3,365,601 ¥ 23,430,641 ¥ 40,347,875