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Consolidated Statements of Operations - CNY (¥)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Total revenues ¥ 1,391,157,811 ¥ 1,560,005,807 ¥ 1,011,063,766
Food and packaging (including cost of Company owned and operated stores from transactions with a related party of RMB53,208,876, RMB72,109,353 and RMB36,862,860 for the years ended December 31, 2024, 2023 and 2022, respectively) 374,086,268 486,359,371 314,550,334
Store rental expenses 241,425,171 289,556,435 236,838,444
Payroll and employee benefits 231,541,640 304,545,595 268,857,299
Delivery costs 119,171,120 116,449,046 73,615,391
Other operating expenses (including service fee from transactions with a related party of RMB600,000, RMB600,000 and RMB550,000 for the years ended December 31, 2024, 2023 and 2022, respectively) 95,035,952 118,633,641 107,769,989
Store depreciation and amortization 129,613,822 138,734,429 118,658,800
Company owned and operated store costs and expenses 1,190,873,973 1,454,278,517 1,120,290,257
Costs of other revenues 153,611,770 149,692,427 48,554,641
Marketing expenses 64,848,548 96,678,285 81,017,100
General and administrative expenses 210,322,557 325,258,149 289,544,688
Franchise and royalty expenses (including franchise and royalty expenses from transactions with related parties of RMB 47,477,864, RMB 51,697,551 and RMB 31,882,569 for the years ended December 31, 2024, 2023 and 2022, respectively) 57,761,479 57,063,007 35,595,253
Other operating costs and expenses 10,794,362 28,872,217 8,340,034
Loss on disposal of property and equipment 4,146,858 16,404,477 8,835,137
Impairment losses of long-lived assets 56,287,026 111,426,961 7,222,765
Other income (8,408,091) (11,743,225) (7,152,455)
Total costs and expenses, net 1,740,238,482 2,227,930,815 1,592,247,420
Operating loss from continuing operations (349,080,671) (667,925,008) (581,183,654)
Interest income 3,202,948 14,182,881 2,703,219
Interest expenses (22,448,159) (20,419,992) (14,804,002)
Foreign currency transaction gain/(loss) 3,484,612 (16,771,124) (6,275,369)
Loss of the debt extinguishment (10,657,161)
Changes in fair value of Deferred Contingent consideration (16,941,248) (26,106,460)
Changes in fair value of convertible notes (65,874,310) (58,280,908) (4,493,605)
Changes in fair value of warrant liabilities (83,966,126) 45,903,468
Changes in fair value of ESA derivative liabilities 19,654,006 (186,598,308)
Loss from continuing operations before income taxes (458,313,989) (839,632,731) (744,748,251)
Income tax expenses (2,115,015) (97,241)
Net loss from continuing operations (460,429,004) (839,729,972) (744,748,251)
Discontinued operation:      
Net income (loss) from discontinued operations (including gain on disposal of Popeyes business of RMB70,664,684 for the year ended December 31, 2024) 51,443,794 (33,196,461)
Net loss (408,985,210) (872,926,433) (744,748,251)
Net loss from continuing operations (460,429,004) (839,729,972) (744,748,251)
Net (income)/losses from continuing operations attributable to non-controlling interests (3,096,345) (3,323,950) 2,103,019
Net loss from continuing operations attributable to shareholders of the Company (463,525,349) (843,053,922) (742,645,232)
Net income/loss from discontinued operations attributable to shareholders of the Company 51,443,794 (33,196,461)
Net loss attributable to shareholders of the Company ¥ (412,081,555) ¥ (876,250,383) ¥ (742,645,232)
Basic loss per ordinary share (in Yuan Renminbi per share) ¥ (12.7) ¥ (28.41) ¥ (28.99)
Diluted loss per ordinary share (in Yuan Renminbi per share) ¥ (12.7) ¥ (28.41) ¥ (28.99)
Company Owned And Operated Stores      
Revenues      
Total revenues ¥ 1,188,292,854 ¥ 1,389,640,747 ¥ 938,096,823
Other Revenues      
Revenues      
Total revenues ¥ 202,864,957 ¥ 170,365,060 ¥ 72,966,943