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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Cash flows from operating activities:        
Net income (loss) ¥ (80,275,344) $ (11,334,004) ¥ 1,377,897 ¥ 10,223,668
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Provision for credit losses 18,216,749 2,572,006 938,209 442,543
Lease termination loss 478,933 67,620
Depreciation and amortization 1,131,796 159,797 848,664 688,866
Amortization of operating lease right-of-use asset 9,405,893 1,328,009 10,933,292 3,498,048
Losses from disposal of property, equipment and software 719,165 101,538 (13,075) 52,663
Impairment losses of property and equipment 2,404,009 339,420
Impairment losses of operating lease right-of-use assets 3,244,676 458,113
Deferred tax expenses (2,907,145) (410,457) 116,755 864,072
Changes in operating assets and liabilities        
Accounts receivable, net (19,785,995) (2,793,568) 55,931,552 (53,592,329)
Accounts receivable - related parties 1,676,016 236,635 (1,649,862) 2,788,565
Contract assets 2,396,978 338,427 (1,257,013) (2,609,559)
Prepaid expenses and other current asset, net (4,838,558) (683,152) 10,069,570 (21,756,319)
Prepaid expenses - a related party (164,858) (23,276) 1,674,157 (1,674,157)
Refundable deposits (1,000,000) (141,189) (3,002,260)
Accounts payable 21,656,849 3,057,711 (23,753,846) 22,083,942
Accounts payable - related parties (758,726) (107,124) (53,553,469) 39,435,858
Contract liabilities 2,788,088 393,648 170,846 5,943,100
Accrued expenses and other current liabilities 3,268,149 461,427 (3,021,321) 2,884,200
Other payable - shareholders (6,307) (890) (71,266) (659,832)
Other payable - related parties 7,316,314 1,032,984
Tax payable (1,617,237) (228,336) (215,482) (792,044)
Operating lease liabilities (7,571,923) (1,069,073) (10,755,243) (3,532,276)
Other long-term liabilities (49,427)
Net cash provided by (used in) operating activities (44,222,478) (6,243,734) (15,231,895) 4,239,582
Cash flows from investing activities:        
Prepayment for acquisition (3,596,823)
Purchase of property, equipment and intangible assets (4,444,392) (627,500) (2,150,431) (634,871)
Proceeds from disposal of property and equipment 18,500
Net cash used in investing activities (4,444,392) (627,500) (5,728,754) (634,871)
Cash flows from financing activities:        
Proceeds from short-term borrowings 31,805,201 4,490,548 18,000,000 18,000,000
Proceeds from a long-term borrowing 5,000,000 5,000,000
Repayments of short-term borrowings (21,001,703) (2,965,211) (14,100,000) (14,810,000)
Repayment of a long-term borrowing (600,000) (84,713) (4,450,000) (550,000)
Proceeds from loans provided by shareholders 823,265 116,236 6,295,383 6,245,000
Proceeds from loans provided by related parties 6,000,000 847,135 500,000 2,100,000
Loans repayment to shareholders (8,855,383) (3,685,000)
Loans repayment to related parties (3,000,000) (423,569) (2,112,000) (500,000)
Proceeds from loans provided by third parties 2,833,080 400,000 5,631,457 4,800,000
Loans repayment to third parties (10,431,457) (1,385,355)
Proceeds from shareholder’s contribution 24,680,000 400,000
Proceeds from IPO 38,310,125 5,408,972
Proceeds from shares issued 34,823,000 4,916,628
Payments for deferred offering costs (9,251,204) (1,306,169) (5,426,702) (898,870)
Dividend distribution (6,193,500)
Reorganization payment (35,000,000) (4,941,616)
Capital injection by a non-controlling interest 2,450,000 345,913 200,000
Other payable - related parties 596,513 (1,769,615)
Net cash provided by financing activities 48,191,764 6,804,154 9,334,311 12,946,160
Effect of exchange rate changes (1,360,107) (192,032) (200,146) 10,158
Net increase (decrease) in cash and cash equivalents and restricted cash (1,835,213) (259,112) (11,826,484) 16,561,029
Total cash and cash equivalents and restricted cash at beginning of the year 28,440,241 4,015,452 40,266,725 23,705,696
Total cash and cash equivalents and restricted cash at end of the year 26,605,028 3,756,340 28,440,241 40,266,725
Supplemental disclosure of cash flow information:        
Income tax paid 2,152,341 607,774 2,517,406 1,046,305
Interest expense paid 884,259 124,848 781,143 1,773,998
Supplemental non-cash investing and financing information:        
Obtaining right-of-use assets in exchange for operating lease liabilities 441,168 62,288 35,873,660 3,603,273
Dividend distribution included in Other payable - shareholders 6,937,500 979,499 6,937,500
Issuance of new shares with consideration receivable 34,823,000
Issuance of new shares in exchange of services 557
Issuance of warrant as share issue cost 360,874 50,951
Restricted cash at end of the year 501,952 $ 70,870 501,071
Cash and cash equivalents at end of the year ¥ 26,103,076   ¥ 27,939,170 ¥ 40,266,725