v3.26.1
Summary of Principal Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Summary of Principal Accounting Policies [Abstract]  
Schedule of Property and Equipment Net, Useful Lives Depreciation of property, plant and equipment is provided using the straight-line method over the following expected useful lives:
Leasehold improvements  Over the shorter of the lease term or estimated useful lives
Buildings and plants  20 years
Furniture, fixtures and equipment  3-5 years
Motor vehicles  5 years
Schedule of Amortization of Intangible Assets, Estimated Useful Lives

Amortization is computed using the straight-line method over the following estimated useful lives:

 

Finite-lived trademarks  10 years
Technology  10 years
Network rights  10 years
Purchased software  5-10 years
Reacquired rights  the remaining franchise term
Schedule of Financial Assets and Liabilities Measured

The following table summarizes the Group’s financial assets and liabilities measured and recorded at fair value as of December 31, 2024 and 2025 on a recurring basis:

 

       Fair Value Measurements at Reporting Date Using 
   As of
December 31,		   Quoted Prices
in Active
Markets for
Identical Assets		   Significant Other
Observable Inputs		   Significant
Unobservable
Inputs		 
Description  2024   (Level 1)   (Level 2)   (Level 3) 
Short-term investments                
Wealth management products   10,475    
-
    10,475    
-
 
Long-term investments                    
Equity securities with readily determinable fair value   28,355,681    28,355,681    
-
    
-
 
Available-for-sale debt investment   103,709,272    
-
    
-
    103,709,272 
Total   132,075,428    28,355,681    10,475    103,709,272 

 

       Fair Value Measurements at Reporting Date Using 
   As of
December 31,		   Quoted Prices
in Active
Markets for
Identical Assets		   Significant Other
Observable Inputs		   Significant
Unobservable
Inputs		 
Description  2025   (Level 1)   (Level 2)   (Level 3) 
Long-term investments                
Available-for-sale debt investment   103,709,272    
    -
    
    -
    103,709,272 
Total   103,709,272    
-
    
-
    103,709,272 
Schedule of Reconciliations of Assets and Liabilities

Reconciliations of assets and liabilities categorized within Level 3 under the fair value hierarchy are as follows:

 

   Available-for-
sale debt
investment		 
     
January 1, 2024   103,703,272 
Net unrealized fair value change recognized in other comprehensive income   6,000 
December 31, 2024   103,709,272 
Net unrealized fair value change recognized in other comprehensive income   
-
 
December 31, 2025   103,709,272 
December 31, 2025 (USD)   14,208,112 
Schedule of Significant Unobservable Inputs

Significant Unobservable Inputs

 

Financial Assets  Unobservable Input  Inputs as of
December 31,
2024		   Inputs as of
December 31,
2025		 
            
Available-for-sale debt investment  WACC   11%   12%
   Discount for lack of marketability   39%   36%
   Expected volatility   43%   33%