Income Taxes (Tables)
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12 Months Ended |
Dec. 31, 2024 |
| Income Taxes |
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| Schedule of Group's profit before income taxes |
| | | | | | | | | | | For the years ended December 31, | | | 2022 | | 2023 | | 2024 | | 2024 | | | RMB | | RMB | | RMB | | US$ | Non-PRC | | (7,902,201) | | (1,495,542) | | 6,375,022 | | 873,374 | PRC | | 44,165,930 | | 73,371,990 | | 126,326,271 | | 17,306,628 | | | 36,263,729 | | 71,876,448 | | 132,701,293 | | 18,180,002 |
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| Schedule of income taxes |
| | | | | | | | | | | For the years ended December 31, | | | 2022 | | 2023 | | 2024 | | 2024 | | | RMB | | RMB | | RMB | | US$ | Current income tax | | 5,754,253 | | 11,048,804 | | 20,044,605 | | 2,746,100 | Deferred income tax (benefit)/expense | | (1,028,586) | | 801,100 | | 222,176 | | 30,438 | | | 4,725,667 | | 11,849,904 | | 20,266,781 | | 2,776,538 |
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| Schedule of reconciliation of difference between the mainland China statutory income tax rate and the Group's effective income tax rate |
| | | | | | | | | For the years ended December 31, | | | 2022 | | 2023 | | 2024 | Statutory income tax rate | | 25.0% | | 25.0% | | 25.0% | Tax effect of different tax rates in different jurisdictions | | 5.6% | | (4.4)% | | (6.6)% | Tax effect of preferential tax rates | | (12.3)% | | (4.2)% | | (2.7)% | Tax effect of non-deductible expenses | | 0.9% | | 0.4% | | 0.1% | Tax effect of non-taxable income | | (0.3)% | | (0.0)% | | (0.1)% | Tax effect of tax rate changes on deferred taxes | | 1.5% | | 0.2% | | 0.2% | Tax effect of additional deduction of research and development expenses | | (1.2)% | | (1.0)% | | (0.5)% | Change in valuation allowance | | (6.2)% | | 0.5% | | (0.1)% | Effective tax rate | | 13.0% | | 16.5% | | 15.3% |
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| Schedule of significant components of the Group's deferred tax assets |
| | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2024 | | | RMB | | RMB | | US$ | Deferred tax assets | | | | | | | Tax losses carried forward | | 740,304 | | 677,299 | | 92,790 | Carryforwards of non-deductible advertising expenses and donations | | 346,089 | | 31,360 | | 4,296 | Others | | 156,199 | | 164,982 | | 22,603 | Less: valuation allowance | | (860,933) | | (715,258) | | (97,990) | Total deferred tax assets | | 381,659 | | 158,383 | | 21,699 | Total deferred tax liabilities | | (170,750) | | (249,159) | | (34,135) |
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