Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases |
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| Schedule of components of lease expenses |
| | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | Lease cost | | | | | | | Finance lease cost: | | | | | | | Amortization of assets | | — | | 31,512 | | 36,168 | Interest of lease liabilities | | — | | 32,985 | | 19,738 | Operating lease cost | | 1,059,148 | | 1,611,726 | | 1,863,772 | Short‑term lease cost | | 108,689 | | 146,184 | | 229,746 | Total | | 1,167,837 | | 1,822,407 | | 2,149,424 |
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| Supplemental cash flows information related to leases |
| | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | Operating cash flows payments for operating leases | | 1,159,891 | | 1,627,155 | | 1,963,912 | Operating cash flows payments for finance leases | | — | | 6,000 | | 56,637 | Financing cash flows payments for finance leases | | — | | — | | 664,038 | Right-of-use assets obtained in exchange for lease liabilities: | | | | | | | Right-of-use assets obtained in exchange for new operating lease liabilities | | 3,010,986 | | 3,381,451 | | 2,321,749 |
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| Supplemental balance sheet information related to operating leases |
| | | | | | | As of December 31, | | | 2024 | | 2025 | Operating Leases | | | | | Land use rights, net | | 1,521,107 | | 1,509,017 | Operating lease right-of-use assets, net (excluding land use rights) | | 6,802,856 | | 7,590,296 | Total operating lease right-of-use assets, net | | 8,323,963 | | 9,099,313 | Operating lease liabilities, current | | 1,438,092 | | 1,690,356 | Operating lease liabilities, non-current | | 5,735,738 | | 6,258,957 | Total operating lease liabilities | | 7,173,830 | | 7,949,313 |
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| Supplemental balance sheet information related to finance leases |
| | | | | | | As of December 31, | | | 2024 | | 2025 | Finance Leases | | | | | Property, plant and equipment, net | | 759,259 | | 282,080 | Total finance lease assets, net | | 759,259 | | 282,080 | Finance lease liabilities, current | | 95,205 | | — | Finance lease liabilities, non-current | | 642,984 | | 348,506 | Total finance lease liabilities | | 738,189 | | 348,506 |
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| Schedule of weighted-average remaining lease term and discount rate |
| | | | | | | | As of December 31, | | | | 2024 | | 2025 | | Weighted-average remaining lease term | | | | | | Land use rights | | 45 years | | 44 years | | Operating leases | | 7 years | | 7 years | | Finance leases | | 4 years | | 3 years | | Weighted-average discount rate | | | | | | Land use rights | | 3.3 | % | 3.3 | % | Operating leases | | 4.8 | % | 3.9 | % | Finance leases | | 6.9 | % | 3.3 | % |
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| Schedule of maturities of finance lease liabilities |
| | | | | | | For the Year Ending December 31, | | | Operating | | Finance | | | Leases | | Leases | 2026 | | 1,944,216 | | — | 2027 | | 1,565,223 | | — | 2028 | | 1,371,380 | | 408,642 | 2029 | | 1,074,899 | | — | 2030 | | 838,734 | | — | Thereafter | | 2,187,470 | | — | Total undiscounted lease payments | | 8,981,922 | | 408,642 | Less: imputed interest | | (1,032,609) | | (60,136) | Total lease liabilities | | 7,949,313 | | 348,506 |
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| Schedule of maturities of operating lease liabilities |
| | | | | | | For the Year Ending December 31, | | | Operating | | Finance | | | Leases | | Leases | 2026 | | 1,944,216 | | — | 2027 | | 1,565,223 | | — | 2028 | | 1,371,380 | | 408,642 | 2029 | | 1,074,899 | | — | 2030 | | 838,734 | | — | Thereafter | | 2,187,470 | | — | Total undiscounted lease payments | | 8,981,922 | | 408,642 | Less: imputed interest | | (1,032,609) | | (60,136) | Total lease liabilities | | 7,949,313 | | 348,506 |
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