XML 32 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 1,377,897 $ 197,843 ¥ 10,223,668 ¥ 3,047,128
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Provision for doubtful accounts 938,209 134,710 442,543 216,405
Depreciation and amortization 848,664 121,854 688,866 878,988
Amortization of operating lease right-of-use asset 10,933,292 1,569,838 3,498,048 3,205,424
Losses from disposal of property and equipment (13,076) (1,876) 52,663 10,392
Deferred tax (benefits)/expenses 116,755 16,764 864,072 (1,002,390)
Changes in operating assets and liabilities        
Accounts receivable, net 55,931,552 8,030,835 (53,592,329) 5,006,669
Accounts receivable - related parties (1,649,862) (236,893) 2,788,565 (682,052)
Contract assets (1,257,013) (180,486) (2,609,559) (159,475)
Prepaid expenses and other current asset, net 10,069,570 1,445,825 (21,756,319) (2,567,994)
Prepaid expenses - related parties 1,674,157 240,381 (1,674,157)
Refundable deposits (3,002,260) (431,074)
Accounts payable (23,753,846) (3,410,655) 22,083,942 628,951
Accounts payable - related parties (53,553,469) (7,689,382) 39,435,858 6,172,032
Contract liabilities 170,846 24,531 5,943,100 1,833,468
Accrued expenses and other current liabilities (3,021,321) (433,811) 2,884,200 744,214
Others payable - shareholders (71,266) (10,233) (659,832) (213,302)
Tax payable (215,481) (30,940) (792,044) 1,616,662
Operating lease liabilities (10,755,243) (1,544,273) (3,532,276) (3,235,059)
Other long-term liabilities (49,427) (180,338)
Net cash provided by (used in) operating activities (15,231,895) (2,187,042) 4,239,582 15,319,723
Cash flows from investing activities:        
Prepayment for acquisition (3,596,823) (516,444)
Purchase of property, equipment and intangible asset (2,150,431) (308,768) (634,871) (155,102)
Proceeds from disposal of property and equipment 18,500 2,656
Net cash used in investing activities (5,728,754) (822,556) (634,871) (155,102)
Cash flows from financing activities:        
Proceeds from short-term borrowings 18,000,000 2,584,499 18,000,000 10,710,000
Proceeds from a long-term borrowing 5,000,000 717,916 5,000,000
Repayments of short-term borrowings (14,100,000) (2,024,524) (14,810,000) (10,000,000)
Repayment of a long-term borrowing (4,450,000) (638,946) (550,000)
Proceeds from loans provided by shareholders 6,295,383 903,912 6,245,000
Proceeds from loans provided by related parties 500,000 71,792 2,100,000 1,385,675
Loans repayment to shareholders (8,855,383) (1,271,485) (3,685,000)
Loans repayment to related parties (2,112,000) (303,248) (500,000) (1,385,675)
Proceeds from loans provided by third parties 5,631,457 808,583 4,800,000 7,621,342
Loans repayment to third parties (10,431,457) (1,497,783) (1,385,355) (6,235,987)
Proceeds from shareholder’s contribution 24,680,000 3,543,635 400,000
Payments for deferred offering costs (5,426,702) (779,184) (898,870)
Dividend payment (6,193,500) (889,283) (1,350,000)
Capital injection by a non-controlling interest 200,000 28,717  
Others payable - related parties 596,513 85,649 (1,769,615) 3,042,583
Net cash provided by financing activities 9,334,311 1,340,250 12,946,160 3,787,938
Effect of exchange rate changes (200,146) (28,738) 10,158 11,615
Net increase (decrease) in cash and cash equivalents and restricted cash (11,826,484) (1,698,086) 16,561,029 18,964,174
Cash at beginning of the year 40,266,725 5,781,628 23,705,696 4,741,522
Total cash and cash equivalents and restricted cash at the end of the year 28,440,241 4,083,542 40,266,725 23,705,696
Cash and cash equivalents at end of the year 27,939,170 4,011,597 40,266,725 23,705,696
Restricted cash at end of the year 501,071 71,945
Supplemental disclosure of cash flow information:        
Interest expense paid 781,143 361,457 1,046,305 533,982
Income tax paid 2,517,405 112,159 1,773,998 1,187,085
Supplemental non-cash investing and financing information:        
Obtaining right-of-use assets in exchange for operating lease liabilities 35,873,660 5,150,857 3,603,273 6,200,864
Dividend distribution included in Others payable - shareholders 6,937,500 996,109
Issuance of new shares with consideration receivable 34,823,000 5,000,000
Issuance of new shares in exchange of services ¥ 557 $ 80