v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Measurements [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis

The following table presents the Group’s fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2024 and 2025.

 

   December 31, 2025 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
Wealth management products   28,401,958    28,401,958    
   -
    
-
 
Convertible bonds   39,161,360    
-
    
-
    39,161,360 
Total   67,563,318    28,401,958    
-
    39,161,360 

 

   December 31, 2024 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
Wealth management products   38,695,647    38,695,647    
   -
    
-
 
Convertible bonds   40,876,080    
-
    
-
    40,876,080 
Total   79,571,727    38,695,647    
-
    40,876,080 
Schedule of table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis

The following table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2024 and 2025.

 

   December 31, 2025 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
Assets                
Loans(1)   175,960,029    
  -
    175,960,029    
-
 
Loans held-for-sale(2)   3,508,002,863    
-
    3,508,002,863    
-
 
Total Assets   3,683,962,892    
-
    3,683,962,892    
-
 
Liabilities                    
Guarantee liabilities(4)   660,190    
-
    
-
    660,190 
Total liabilities   660,190    
-
    
-
    660,190 
   December 31, 2024 
   Fair value   Level 1   Level 2   Level 3 
   RMB   RMB   RMB   RMB 
Assets                
Loans(1)   204,920,625    
   -
    204,920,625    
-
 
Loans held-for-sale(2)   3,529,585,983    
-
    3,529,585,983    
-
 
Equity securities(3)   13,178,264    
-
    13,178,264    
-
 
Total Assets   3,747,684,872    
-
    3,747,684,872    
-
 
Liabilities                    
Guarantee liabilities(4)   4,197,264    
-
    
-
    4,197,264 
Total Liabilities   4,197,264    
-
    
-
    4,197,264 

 

(1) Loans are recorded at amortized cost, while the Group records nonrecurring fair value adjustments to reflect partial write-downs that are based on the observable market price of the loan or current appraised value of the collateral.

 

(2) Loans held-for-sale are held at LOCOM which may be written down to fair value on a nonrecurring basis.

 

(3) Non-marketable equity securities are accounted for using the measurement alternative and can be subject to nonrecurring fair value adjustments to record impairment.

 

(4) Guarantee liabilities are accounted for stand-ready guarantee liabilities of the Group’s guarantee services for its off-balance sheet loans under the commercial bank partnership model at fair value.