v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Income Before Income Taxes and Share of Income (Losses) in Equity Method Investments

Income before income taxes and share of income (losses) in equity method investments consists of:

 

   Years ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   USD 
Chinese mainland   351,791,690    176,652,452    79,927,908    11,429,539 
Others   28,580,168    20,554,343    129,309,349    18,490,991 
Total   380,371,858    197,206,795    209,237,257    29,920,530 
Schedule of Consolidated Statements of Comprehensive Income

The current and deferred components of income tax expense appearing in the consolidated statements of comprehensive income are as follows:

 

   Years ended December 31, 
   2023   2024   2025   2025 
   RMB   RMB   RMB   USD 
Current tax   120,875,594    107,567,291    60,948,129    8,715,467 
Deferred tax   (2,423,339)   (18,840,322)   (15,068,107)   (2,154,711)
Total   118,452,255    88,726,969    45,880,022    6,560,756 
Schedule of Reconciliation Between the Effective Income Tax Rate and the Prc Statutory Income Tax Rate

Reconciliation between the effective income tax rate and the PRC statutory income tax rate is as follows: 

 

   Years ended December 31, 
   2023   2024 
PRC statutory tax rate   25%   25%
Withholding tax   3%   7%
Effect of international rate differences   (2)%   (2)%
Effect of preferential tax rate   (1)%   (8)%
Uncertain tax positions   (3)%   1%
Valuation allowances   8%   8%
Deferred tax   (1)%   2%
Provision to return   
-
    1%
Non-deductible expenses   2%   11%
Effective tax rate   31%   45%

 

   Years ended December 31, 2025 
   RMB   USD   Percent 
PRC statutory tax rate   52,309,314    7,480,132    25%
Effect of Cross-border tax laws               
Withholding tax   (786,901)   (112,525)   0%
Valuation allowances   2,323,319    332,230    1%
Nontaxable or nondeductible items               
Goodwill impairment   16,622,750    2,377,022    8%
Bad debt provision write off not filed   7,679,245    1,098,117    4%
Others   2,576,467    368,430    1%
Changes in unrecognized tax benefits   16,633,267    2,378,526    8%
Foreign tax effects               
Cayman               
Statutory tax rate difference between Cayman and China   (34,201,802)   (4,890,793)   (16)%
Other foreign jurisdictions   2,377,726    340,010    1%
Others               
Statutory income/expenses   (35,112,478)   (5,021,018)   (17)%
Effect of preferential tax rate   (9,588,668)   (1,371,161)   (5)%
Nol expired   28,162,314    4,027,157    13%
others   (3,114,531)   (445,372)   (1)%
Income tax expenses   45,880,022    6,560,756    22%
Schedule of Deferred Income Tax Assets and Liabilities

The principal components of the Group’s deferred income tax assets and liabilities as of December 31, 2024 and 2025 are as follows:

 

   As of December 31 
   2024   2025   2025 
   RMB   RMB   USD 
Deferred tax assets:            
Tax losses carryforward   125,063,028    122,740,862    17,551,710 
Allowance for accounts receivables and other current assets   10,863,499    11,621,434    1,661,843 
Allowance for non-current other assets   48,076,465    48,076,465    6,874,843 
Allowance for loans receivable   85,588,610    96,110,634    13,743,638 
Impairment of long-lived assets   13,073,472    17,392,626    2,487,112 
Lease liabilities   362,136,225    304,284,522    43,512,108 
Deferred revenue   75,722,666    66,114,264    9,454,214 
Accrued liabilities   19,542,973    18,826,160    2,692,105 
Unrealized losses from equity securities   1,638,899    2,310,404    330,383 
Investment in subsidiaries   2,775,000    3,650,000    521,943 
Valuation allowance   (165,327,438)   (167,122,474)   (23,898,195)
Total deferred tax assets   579,153,399    524,004,897    74,931,704 
Deferred tax liabilities:               
Property, plant and equipment   (2,219,319)   (1,959,639)   (280,225)
Right-of-use assets   (327,572,728)   (280,175,271)   (40,064,531)
Intangible assets arising from acquisition   (47,872,112)   (30,807,513)   (4,405,416)
Unrealized gains from equity securities   (1,805,008)   (4,396,334)   (628,667)
Investment in subsidiaries   (33,595,045)   (25,508,844)   (3,647,716)
Total deferred tax liabilities   (413,064,212)   (342,847,601)   (49,026,555)
Schedule of a Reconciliation of Unrecognized Tax Benefits

Below is a tabular roll-forward of the Group’s unrecognized tax benefits.

 

Unrecognized tax benefits —December 31, 2023   278,696,225 
Increases — tax positions in the current period   69,991,983 
Decreases — tax positions in prior period   (32,266,665)
Unrecognized tax benefits — December 31, 2024   316,421,543 
Unrecognized tax benefits — January 1, 2025   316,421,543 
Increases — tax positions in the current period   45,959,878 
Decreases — tax positions in prior period   (42,330,529)
Unrecognized tax benefits — December 31, 2025   320,050,892