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| Leases | 6. Leases Operating lease arrangements The Company leases certain office premises and overseas warehouses under non-cancelable leases, and an operating lease arrangement with the local government of Xiamen for land. Lease costs under operating leases for the years ended December 31, 2023, 2024 and 2025 were RMB 27,357,349, RMB 32,958,949 and RMB 16,120,422 (US$ 2,305,190), respectively. Future minimum lease payments under non-cancelable operating lease agreements consist of the following as of December 31, 2024 and 2025:
The Company’s operating lease commitments have no renewal options, rent escalation clauses and restriction or contingent rents as of December 31, 2024 and 2025. The weighted average discount rate as of December 31, 2024 and 2025 is 3.82%, and 3.99%, respectively. The weighted average remaining lease term as of December 31, 2024 and 2025 are 69 months and 12 months, respectively. Total lease payments were reduced from RMB 76,368,441 to RMB 5,115,280 as of December 31, 2025 due to the early termination of lease contracts for last-mile delivery services, as the Company wound down such operations in Australia and New Zealand. Supplemental lease cash flow disclosures
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