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Leases

12 Months Ended

Dec. 31, 2022

Disclosure Text Block [Abstract]

LEASES

10.

LEASES

Supplemental balance sheet information related to operating lease was as follows:

		As of
		December 31,				December 31,
		2021				2022
		RMB				RMB				US$
Right-of-use assets			6,463,320				31,403,688				4,509,044

Operating lease liabilities – current			3,698,233				18,079,265				2,595,880
Operating lease liabilities – non-current			2,539,151				13,276,535				1,906,288
Total operating lease liabilities			6,237,384				31,355,800				4,502,168

The weighted average remaining lease terms and discount rates for the operating lease as of December 31, 2022 were as follows:

Remaining lease term and discount rate:
Weighted average remaining lease term (years)			2.57
Weighted average discount rate			4.20	%

For the years ended December 31, 2020, 2021 and 2022, the Group incurred total operating lease expenses of RMB3,205,424, RMB3,498,048 and RMB10,933,292(US$1,569,838) respectively.

The following is a schedule of future minimum payments under the Group’s operating leases as of December 31, 2022:

Year		Amounts
2023			19,078,380
2024			12,474,763
2025			202,248
2026			210,210
2027			210,210
Thereafter			781,282
Total lease payments			32,957,093
Less: imputed interest			(1,601,293	)
Total operating lease liabilities, net of interest			31,355,800