v3.25.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes  
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

Schedule of income taxes

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​

​

​

​

​

​

​

​

​

​

​

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

Schedule of reconciliation of difference between the mainland China statutory income tax rate and the Group's effective income tax rate

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​

​

​

​

​

​

​

​

​

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%

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)