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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
CURRENT ASSETS      
Cash and cash equivalents $ 144,111,733 ¥ 1,035,932,786 ¥ 317,212,066
Short term investments 20,808,942 149,583,000 18,411,162
Accounts receivable, net 3,298,998 23,714,517 23,011,758
Prepaid services fees 7,383,882 53,078,298 48,495,817
Other receivables and prepaid expenses 314,279 2,259,168 1,156,281
Total current assets 175,917,834 1,264,567,769 408,287,084
NON-CURRENT ASSETS      
Property and equipment, net 61,957 445,370 749,952
Long-term investments 13,503 97,062 97,062
Prepaid expenses and deposits 2,300 16,536 25,600
Deferred tax assets 61,258 440,346 987,848
Operating lease right-of-use assets, net 218,005 1,567,104 372,713
Total non-current assets 357,023 2,566,418 2,233,175
Total assets 176,274,857 1,267,134,187 410,520,259
CURRENT LIABILITIES      
Accounts payable 2,586,840 18,595,244 20,932,927
Deferred revenues 474,336 3,409,718 10,372,767
Other payables and accrued liabilities 1,965,665 14,129,987 21,242,685
Other payables – related party 18,465,025
Banking borrowings 2,086,695 15,000,000 13,500,000
Operating lease liabilities-current 111,794 803,622 279,510
Taxes payable 819,682 5,892,194 522,843
Convertible notes payable 20,740,480 149,090,866 (0)
Total current liabilities 28,785,492 206,921,631 85,315,757
NON-CURRENT LIABILITIES      
Operating lease liabilities-non-current 96,899 696,549
Total non-current liabilities 96,899 696,549
Total liabilities 28,882,391 207,618,180 85,315,757
SHAREHOLDERS’ EQUITY      
Additional paid-in capital 150,795,208 1,083,976,271 439,776,100
Accumulated deficit (4,670,079) (33,570,391) (77,156,553)
Statutory reserves 1,134,146 8,152,694 13,134,098
Accumulated other comprehensive loss (6,915,066) (49,708,261) (54,712,520)
Total shareholders' equity 144,945,752 1,041,928,046 321,406,640
NONCONTROLLING INTERESTS 2,446,714 17,587,961 3,797,862
Total equity 147,392,466 1,059,516,007 325,204,502
Total liabilities and shareholders’ equity 176,274,857 1,267,134,187 410,520,259
Common Class A [Member]      
SHAREHOLDERS’ EQUITY      
Common Stock, Value [1] 2,601,293 18,699,133 365,515
Common Class B [Member]      
SHAREHOLDERS’ EQUITY      
Common Stock, Value [1] $ 2,000,250 ¥ 14,378,600
[1] Number of shares has been retrospectively adjusted for the share consolidation (10 to 1, and 20 to 1) effective March 22, 2024 and December 13, 2024