| Schedule of Disaggregated Revenues |
The following tables present
our revenues disaggregated by the type of the services:
| | |
Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
USD | |
| Leased and operated revenues | |
| 787,814,342 | | |
| 596,640,639 | | |
| 488,174,353 | | |
| 69,808,004 | |
| Hotel | |
| 490,924,060 | | |
| 437,521,898 | | |
| 381,361,912 | | |
| 54,534,028 | |
| Restaurant | |
| 296,890,282 | | |
| 159,118,741 | | |
| 106,812,441 | | |
| 15,273,976 | |
| Franchise and managed revenues | |
| 705,244,948 | | |
| 635,360,312 | | |
| 534,451,868 | | |
| 76,425,600 | |
| Hotel | |
| 696,321,236 | | |
| 625,072,856 | | |
| 528,472,018 | | |
| 75,570,493 | |
| Restaurant | |
| 8,923,712 | | |
| 10,287,456 | | |
| 5,979,850 | | |
| 855,107 | |
| Wholesales and others | |
| 134,198,399 | | |
| 111,439,245 | | |
| 74,727,172 | | |
| 10,685,844 | |
| Total | |
| 1,627,257,689 | | |
| 1,343,440,196 | | |
| 1,097,353,393 | | |
| 156,919,448 | |
|
| Schedule of Current or Non Current Liabilities |
| | |
Years Ended December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
USD | |
| Advance from customers | |
| 25,684,437 | | |
| 21,946,599 | | |
| 3,138,322 | |
| Deferred revenue-current | |
| 175,046,178 | | |
| 169,139,889 | | |
| 24,186,682 | |
| Deferred revenue-non-current | |
| 176,353,919 | | |
| 134,414,010 | | |
| 19,220,948 | |
| Total contract liabilities | |
| 377,084,534 | | |
| 325,500,498 | | |
| 46,545,952 | |
|
| Schedule of Deferred Revenue |
The deferred revenue balances
above, as of December 31, 2024 and 2025 were comprised of the following:
| | |
Years Ended December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
USD | |
| Initial fees received from franchisees owners | |
| 145,314,471 | | |
| 121,584,464 | | |
| 17,386,347 | |
| Cash received for membership fees and not recognized as revenue | |
| 103,514,777 | | |
| 77,614,234 | | |
| 11,098,688 | |
| Cash received for prepaid card and subleases | |
| 39,922,504 | | |
| 38,918,849 | | |
| 5,565,321 | |
| Deferred revenue related to the membership
program | |
| 62,648,345 | | |
| 65,436,352 | | |
| 9,357,274 | |
| Total deferred revenue | |
| 351,400,097 | | |
| 303,553,899 | | |
| 43,407,630 | |
|