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Parent Only Financial Information (Tables)
 12 Months Ended
Dec. 31, 2024
Parent Only Financial Information [Abstract]  
Schedule of Condensed Balance Sheets

Condensed Balance Sheets

 

   As of December 31, 
   2024   2023 
   RMB   RMB 
ASSETS        
Current assets          
Cash   1,262,397    2,319,427 
Amounts due from subsidiaries   51,711,938    51,198,256 
Prepaid expenses and other current assets   5,592,243    3,665,297 
Total current assets   58,566,578    57,182,980 
Non-current assets          
Intangible assets, net   48,222,183    51,054,462 
Total non-current assets   48,222,183    51,054,462 
Total assets   106,788,761    108,237,442 
           
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)          
Current liabilities          
Convertible notes, at fair value-current   473,715,560    
-
 
Other current liabilities   9,115,387    20,532,039 
Total current liabilities   482,830,947    20,532,039 
Non-current liabilities          
Amount due to related parties   
-
    94,199,910 
Convertible notes, at fair value-non current   464,847,231    420,712,380 
Total non-current liabilities   464,847,231    514,912,290 
Total liabilities   947,678,178    535,444,329 
   As of December 31, 
   2024   2023 
   RMB   RMB 
Shareholders’ deficit          
Ordinary shares   9,733    9,733 
Additional paid-in capital   1,818,421,338    1,807,715,296 
Accumulated losses   (2,668,505,330)   (2,256,423,775)
Accumulated other comprehensive income   9,184,842    21,491,865 
Total shareholders’ deficit   (840,889,417)   (427,206,881)
           
Total liabilities and shareholders’ deficit   106,788,761    108,237,442 
Schedule of Condensed Statements of Operations

Condensed Statements of Operations

 

   For the year ended December 31, 
   2024   2023   2022 
   RMB   RMB   RMB 
             
General and administrative expenses   15,519,779    103,314,272    88,435,187 
Franchise and royalty expenses   3,558,350    3,527,900    3,378,650 
Other income   
-
    
-
    (337,865)
Total costs and expenses, net   19,078,129    106,842,172    91,475,972 
                
Operating loss   (19,078,129)   (106,842,172)   (91,475,972)
                
Equity in loss of subsidiaries   (364,918,487)   (628,343,362)   (506,340,297)
Interest income   
-
    7,641,583    359,607 
Interest expense   (5,275,901)   
-
    
-
 
Foreign currency transaction loss   (1,003)   (6,944)   (125)
Loss of the debt extinguishment   (10,657,161)   
-
    
-
 
Gain on disposal of Popeyes business   70,664,684    
-
    
-
 
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 before income taxes   (412,081,555)   (876,250,383)   (742,645,232)
                
Income tax expenses   
-
    
-
    
-
 
                
Net loss   (412,081,555)   (876,250,383)   (742,645,232)
Schedule of Condensed Statements of Comprehensive Loss

Condensed Statements of Comprehensive Loss

 

   For the year ended December 31, 
   2024   2023   2022 
   RMB   RMB   RMB 
Net loss   (412,081,555)   (876,250,383)   (742,645,232)
Other comprehensive income (loss)               
Fair value changes of convertible notes due to instrument-specific credit risk, net of nil income taxes   (1,494,507)   (2,116,740)   (1,520,393)
Unrealized gain on short-term investments, net of nil income taxes   
-
    3,584,872    2,133,528 
Amounts reclassified from accumulated other comprehensive income   
-
    (5,718,400)   
 
 
Foreign currency translation adjustment, net of nil income taxes   (10,812,516)   8,741,308    (19,356,001)
                
Total comprehensive loss   (424,388,578)   (871,759,343)   (761,388,098)
Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

 

   For the year ended December 31, 
   2024   2023   2022 
   RMB   RMB   RMB 
Net cash used in operating activities   (8,792,718)   (33,401,467)   (7,345,572)
Net cash provided by (used in) investing activities   (180,538,842)   53,570,674    (895,671,288)
Net cash provided by (used in) financing activities   188,239,915    (46,058,129)   621,610,726 
Effect of foreign currency exchange rate changes on cash   34,615    (1,263,825)   (2,424,651)
Net decrease in cash   (1,057,030)   (27,152,747)   (283,830,785)
Cash at beginning of year   2,319,427    29,472,174    313,302,959 
Cash at end of year   1,262,397    2,319,427    29,472,174 
                
Supplemental disclosure of non-cash investing and financing activities:               
Accrued offering costs paid by subsidiaries of TH International Limited   
-
    
-
    4,039,468