Taxation (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Taxation [Abstract] |
|
| Schedule of Income Tax Provision |
The income tax provision
consisted of the following components:
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Current income tax expenses | |
| (99,155 | ) | |
| (268,085 | ) | |
| (63,912 | ) | |
| (9,092 | ) |
| Deferred income tax benefit | |
| 2,907,145 | | |
| 804,312 | | |
| 510,709 | | |
| 72,659 | |
| Total income tax benefit | |
| 2,807,990 | | |
| 536,227 | | |
| 446,797 | | |
| 63,567 | |
|
| Schedule of Loss Before Provision for Income Taxes |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Loss before provision for income taxes is attributable to the following geographic locations: | |
| | |
| | |
| | |
| |
| PRC | |
| (76,778,965 | ) | |
| (49,862,843 | ) | |
| (6,514,147 | ) | |
| (926,779 | ) |
| Foreign | |
| (6,304,369 | ) | |
| (6,610,424 | ) | |
| (31,730,146 | ) | |
| (4,514,305 | ) |
| Total loss before Income Taxes | |
| (83,083,334 | ) | |
| (56,473,267 | ) | |
| (38,244,293 | ) | |
| (5,441,084 | ) |
|
| Schedule of Reconciliation Between the Provision for Income Taxes |
Reconciliation between the
provision for income taxes computed by applying the PRC EIT rate of 25% to income before income taxes and the actual provision of income
taxes is as follows:
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| PRC statutory income tax rate | |
| 25.0 | % | |
| 25.0 | % | |
| 25.0 | % |
| Impact of different tax rates in other jurisdictions | |
| (1.1 | )% | |
| (2.4 | )% | |
| (18.2 | )% |
| Effect of preferential tax rate | |
| (7.9 | )% | |
| (10.9 | )% | |
| (8.9 | )% |
| Non-deductible items | |
| (0.1 | )% | |
| 0.3 | % | |
| (1.5 | )% |
| Tax effect on deferred offering costs | |
| 0.6 | % | |
| - | % | |
| - | % |
| Change in valuation allowance | |
| (13.1 | )% | |
| (11.0 | )% | |
| 4.8 | % |
| Effective tax rate | |
| 3.4 | % | |
| 1.0 | % | |
| 1.2 | % |
|
| Schedule of Deferred Tax Assets and Deferred Tax Liabilities |
As of December 31, 2024
and 2025, the significant components of the deferred tax assets and deferred tax liabilities were summarized below:
| | |
As of | |
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Deferred tax assets: | |
| | |
| | |
| |
| Net operating loss carried forward | |
| 17,516,642 | | |
| 16,801,166 | | |
| 2,390,331 | |
| Allowance for expected credit loss | |
| 3,911,723 | | |
| 2,839,672 | | |
| 404,007 | |
| Impairment charges | |
| 1,064,406 | | |
| 1,591,186 | | |
| 226,381 | |
| Lease liabilities | |
| 646,850 | | |
| 539,171 | | |
| 76,708 | |
| Less: Valuation allowance | |
| (18,956,128 | ) | |
| (17,128,016 | ) | |
| (2,436,834 | ) |
| Deferred tax assets, net of valuation allowance | |
| 4,183,493 | | |
| 4,643,179 | | |
| 660,593 | |
| Net off against deferred tax liabilities | |
| (450,473 | ) | |
| (399,450 | ) | |
| (56,830 | ) |
| Net deferred tax assets | |
| 3,733,020 | | |
| 4,243,729 | | |
| 603,763 | |
| | |
As of | |
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Deferred tax liabilities: | |
| | |
| | |
| |
| Right of use assets | |
| 450,473 | | |
| 399,450 | | |
| 56,830 | |
| Total deferred tax liabilities | |
| 450,473 | | |
| 399,450 | | |
| 56,830 | |
| Net off against deferred tax assets | |
| (450,473 | ) | |
| (399,450 | ) | |
| (56,830 | ) |
| Net deferred tax liabilities | |
| - | | |
| - | | |
| - | |
|
| Schedule of Valuation Allowance |
The movement of valuation
allowance is as follows:
| | |
As of | |
| | |
December 31, | | |
December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Beginning balance | |
| 12,738,069 | | |
| 18,956,128 | | |
| 2,696,922 | |
| Addition | |
| 6,205,515 | | |
| (1,795,368 | ) | |
| (255,430 | ) |
| Foreign exchange impact | |
| 12,544 | | |
| (32,744 | ) | |
| (4,658 | ) |
| Ending balance | |
| 18,956,128 | | |
| 17,128,016 | | |
| 2,436,834 | |
|