v3.26.1
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