Condensed Financial Information of the Company (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Condensed Financial Information of the Company |
|
| Condensed balance sheets of parent company |
| | | | | | | | | As of December 31, | | | 2024 | | 2025 | | 2025 | | | RMB | | RMB | | US$ | ASSETS | | | | | | | Current assets | | | | | | | Cash, cash equivalents and short-term investments | | 10,242 | | 45,987 | | 6,576 | Others | | 73 | | 93 | | 13 | Total current assets | | 10,315 | | 46,080 | | 6,589 | | | | | | | | Non-current assets | | | | | | | Investments in subsidiaries, the VIE and subsidiaries of the VIE | | 318,641,783 | | 413,387,814 | | 59,113,671 | Total non-current assets | | 318,641,783 | | 413,387,814 | | 59,113,671 | Total assets | | 318,652,098 | | 413,433,894 | | 59,120,260 | | | | | | | | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | Current liabilities | | | | | | | Convertible bonds, current portion | | 5,309,597 | | — | | — | Others | | 29,377 | | 48,738 | | 6,969 | Total current liabilities | | 5,338,974 | | 48,738 | | 6,969 | | | | | | | | Non-current liabilities | | | | | | | Total non-current liabilities | | — | | — | | — | Total liabilities | | 5,338,974 | | 48,738 | | 6,969 | | | | | | | | Shareholders’ equity | | | | | | | Class A ordinary shares (US$0.000005 par value; 77,300,000,000 shares authorized; 5,568,585,848 and 5,693,585,848 shares issued and outstanding as of December 31, 2024 and 2025, respectively) | | 180 | | 182 | | 26 | Additional paid-in capital | | 117,829,308 | | 125,767,661 | | 17,984,536 | Statutory reserves | | 237,680 | | 1,338,261 | | 191,369 | Accumulated other comprehensive income | | 7,824,545 | | 2,115,683 | | 302,539 | Retained earnings | | 187,421,411 | | 284,163,369 | | 40,634,821 | Total shareholders’ equity | | 313,313,124 | | 413,385,156 | | 59,113,291 | Total liabilities and shareholders’ equity | | 318,652,098 | | 413,433,894 | | 59,120,260 |
|
| Condensed statements of comprehensive income of parent company |
| | | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | 2025 | | | RMB | | RMB | | RMB | | US$ | Total costs and operating expenses | | (156,391) | | (47,546) | | (154,054) | | (22,030) | Operating loss | | (156,391) | | (47,546) | | (154,054) | | (22,030) | | | | | | | | | | Interest income | | 6,269 | | 375 | | 685 | | 98 | Interest expenses | | (43,987) | | — | | — | | — | Other income/(loss), net | | 107,664 | | (19) | | 152,705 | | 21,837 | Share of results from subsidiaries, the VIE and subsidiaries of the VIE | | 60,112,989 | | 112,481,702 | | 97,843,203 | | 13,991,392 | Profit before income tax | | 60,026,544 | | 112,434,512 | | 97,842,539 | | 13,991,297 | Income tax expenses | | — | | — | | — | | — | Net income | | 60,026,544 | | 112,434,512 | | 97,842,539 | | 13,991,297 | | | | | | | | | | Other comprehensive income | | | | | | | | | Foreign currency translation difference, net of tax of nil | | 1,332,984 | | 2,605,982 | | (5,476,543) | | (783,135) | Unrealized gains/(losses) on available-for-sale debt securities, net of tax | | 68,538 | | 494,803 | | (232,319) | | (33,221) | Total other comprehensive income/(loss) | | 1,401,522 | | 3,100,785 | | (5,708,862) | | (816,356) | Comprehensive income | | 61,428,066 | | 115,535,297 | | 92,133,677 | | 13,174,941 |
|
| Condensed statement of cash flows of parent company |
| | | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | 2025 | | | RMB | | RMB | | RMB | | US$ | Net cash generated from/(used in) operating activities | | 71,615 | | (46,208) | | 99,966 | | 14,295 | | | | | | | | | | CASH FLOW FROM INVESTING ACTIVITIES | | | | | | | | | Cash received from subsidiaries, the VIE and subsidiaries of the VIE, net | | 8,816,124 | | 51,909 | | 5,175,917 | | 740,146 | Others | | — | | (7,363) | | 7,246 | | 1,036 | Net cash generated from investing activities | | 8,816,124 | | 44,546 | | 5,183,163 | | 741,182 | | | | | | | | | | CASH FLOW FROM FINANCING ACTIVITIES | | | | | | | | | Repayment or repurchase of convertible bonds | | (8,968,817) | | (91) | | (5,228,716) | | (747,696) | Others | | 8,191 | | 1,255 | | 1,363 | | 194 | Net cash (used in)/generated from financing activities | | (8,960,626) | | 1,164 | | (5,227,353) | | (747,502) | | | | | | | | | | Exchange rate effect on cash, cash equivalents and restricted cash | | 14,450 | | 231 | | (12,638) | | (1,806) | (Decrease)/increase in cash, cash equivalents and restricted cash | | (58,437) | | (267) | | 43,138 | | 6,169 | Cash, cash equivalents and restricted cash at beginning of the year | | 61,553 | | 3,116 | | 2,849 | | 407 | Cash, cash equivalents and restricted cash at end of the year | | 3,116 | | 2,849 | | 45,987 | | 6,576 |
|