v3.26.1
Loans Principal, Interest and Financing Service Fee Receivables (Tables)
 12 Months Ended
Dec. 31, 2025
Loans Principal, Interest and Financing Service Fee Receivables [Abstract]  
Schedule of Loans Principal, Interest and Financing Service Fee Receivables
   Note  December 31,
2024		   December 31,
2025		 
      RMB   RMB 
Home equity loans:  (a)   6,510,850,772    1,358,158,651 
Loans principal, interest and financing service fee receivables             
              
Less: allowance for credit losses  (i)          
- Individually evaluated      (79,208,134)   (130,293,599)
- Collectively evaluated      (548,717,233)   (121,024,672)
Subtotal      (627,925,367)   (251,318,270)
Net loans principal, interest and financing service fee receivables of home equity loan      5,882,925,405    1,106,840,380 
Corporate loans:  (e)          
Loans principal, interest and financing service fee receivables      1,034,432,534    1,129,660,142 
              
Less: allowance for credit losses      (50,094,979)   (62,730,405)
Net loans principal, interest and financing service fee receivables of corporate loan      984,337,555    1,066,929,737 
Net loans principal, interest and financing service fee receivables      6,867,262,960    2,173,770,117 
(i) Allowance for credit losses

 

The allowance for credit losses for home equity loans as of December 31, 2025 was RMB251 million, a decrease from RMB627 million as of December 31, 2024. The decrease was primarily driven by the combined effect of a decrease in allowances that are collectively evaluated and an increase in allowances that are individually evaluated. The decrease in allowances that are collectively evaluated are mainly due to the decrease of the Company’s outstanding loan principal. The increase of allowances that are individually evaluated are mainly due to the increase in the outstanding loan principal of NPLs.
Schedule of Home Equity Loans Home equity loans
        December 31, 2024     December 31, 2025        
    Note   First lien     Second lien     Subtotal     First lien     Second lien     Subtotal  
        RMB     RMB     RMB     RMB     RMB     RMB  
Loans principal, interest and financing service fee receivables         2,475,754,706       4,035,096,066       6,510,850,772       638,740,734       719,417,916     1,358,158,651  
                                                   
Less: allowance for credit losses   (i)                                              
- Individually evaluated         (43,242,069 )     (35,966,065 )     (79,208,134 )     (23,143,482 )     (107,150,117 )   (130,293,599 )
- Collectively evaluated         (201,671,557 )     (347,045,676 )     (548,717,233 )     (55,647,556 )     (65,377,116 )   (121,024,672 )
Subtotal         (244,913,626 )     (383,011,741 )     (627,925,367 )     (78,791,038 )     (172,527,232 )   (251,318,270 )
Net loans principal, interest and financing service fee receivables         2,230,841,080       3,652,084,325       5,882,925,405       559,949,696       546,890,684     1,106,840,380  
(i) Allowance for credit losses

 

The allowance for credit losses for home equity loans as of December 31, 2025 was RMB251 million, a decrease from RMB627 million as of December 31, 2024. The decrease was primarily driven by the combined effect of a decrease in allowances that are collectively evaluated and an increase in allowances that are individually evaluated. The decrease in allowances that are collectively evaluated are mainly due to the decrease of the Company’s outstanding loan principal. The increase of allowances that are individually evaluated are mainly due to the increase in the outstanding loan principal of NPLs.
Schedule of Allowance for Credit Losses

The table below presents the components of allowances for credit losses for loans principal, interest and financing service fee receivables by impairment methodology with the recorded investment as of December 31, 2024 and 2025.

 

   December 31, 2025 
   Allowance for credit losses on loans collectively evaluated   Allowance for credit losses on loans individually evaluated     
   First lien   Second lien   Subtotal   First lien   Second lien   Subtotal   Total 
   RMB   RMB   RMB   RMB   RMB   RMB   RMB 
As of January 1   201,671,557    347,045,676    548,717,233    43,242,069    35,966,065    79,208,134    627,925,367 
Provision for credit losses   4,341,196    (3,839,243)   501,953    66,966,040    301,169,990    368,136,030    368,637,983 
Charge-offs   
-
    
-
    
-
    (381,158,567)   (771,694,183)   (1,152,852,750)   (1,152,852,750)
(Decrease)/increase in guaranteed recoverable assets   (150,365,198)   (277,829,317)   (428,194,515)   282,163,232    539,146,984    821,310,616    393,116,101 
Recoveries   
-
    
-
    
-
    11,930,309    2,561,260    14,491,569    14,491,569 
As of December 31   55,647,555    65,377,116    121,024,671    23,143,483    107,150,116    130,293,599    251,318,270 
                                    
Net loans principal, interest and financing service fee receivables   398,044,660    355,840,291    753,884,950    161,905,037    191,050,393    325,955,430    1,106,840,381 
                                    
Recorded investment   453,692,215    421,217,407    874,909,622    185,048,520    298,200,509    483,249,029    1,358,158,651 
    December 31, 2024  
    Allowance for credit losses on loans collectively evaluated     Allowance for credit losses on loans individually evaluated        
    First lien     Second lien     Subtotal     First lien     Second lien     Subtotal     Total  
    RMB     RMB     RMB     RMB     RMB     RMB     RMB  
As of January 1     272,173,960       413,742,780       685,916,740       13,099,754       26,814,193       39,913,947       725,830,687  
Provision for credit losses     11,834,337       (7,544,697 )     4,289,640       11,155,428       29,701,572       40,857,000       45,146,640  
Charge-offs     -       -       -       (93,774,223 )     (136,921,530 )     (230,695,753 )     (230,695,753 )
Decrease in guaranteed recoverable assets     (82,336,740 )     (59,152,407 )     (141,489,147 )     100,995,026       103,550,359       204,545,385       63,056,238  
Recoveries     -       -       -       11,766,084       12,821,471       24,587,555       24,587,555  
As of December 31     201,671,557       347,045,676       548,717,233       43,242,069       35,966,065       79,208,134       627,925,367  
                                                         
Net loans principal, interest and financing service fee receivables     2,050,453,834       3,359,618,482       5,410,072,316       180,387,247       292,465,842       472,853,089       5,882,925,405  
                                                         
Recorded investment     2,252,125,391       3,706,664,158       5,958,789,549       223,629,316       328,431,907       552,061,223       6,510,850,772  
Schedule of Aging of Allowance for Credit Losses

The following tables present the aging of allowance for credit losses as of December 31, 2025.

 

   Total current   1 - 30 days
past due		   31 - 90 days
past due		   91 - 180 days
past due		   Total loans 
   RMB   RMB   RMB   RMB   RMB 
First lien   25,633,976    10,905,446    19,108,135    23,143,481    78,791,038 
Second lien   17,850,676    13,199,025    34,327,415    107,150,117    172,527,232 
Allowance for credit losses   43,484,651    24,104,470    53,435,550    130,293,599    251,318,270 

The following tables present the aging of allowance for credit losses as of December 31, 2024.

 

   Total current   1 - 30 days
past due		   31 - 90 days
past due		   91 - 180 days
past due		   Total loans 
   RMB   RMB   RMB   RMB   RMB 
First lien   52,219,677    55,042,038    94,409,842    43,242,069    244,913,626 
Second lien   86,004,370    93,605,389    167,435,918    35,966,065    383,011,741 
Allowance for credit losses   138,224,047    148,647,427    261,845,760    79,208,134    627,925,367 
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables

The following tables provides information on delinquency, which is the primary credit quality indicator for loan principal and financing service fee receivables as of December 31, 2025.

 

   Total current   1 - 30 days
past due		   31 - 90 days
past due		   91 - 180 days
past due		   181 - 270 days
past due		   271 - 360 days
past due		   361 days
past due		   Total loans   Total 
   RMB   RMB   RMB   RMB   RMB   RMB   RMB   RMB   RMB 
First lien   376,026,761    29,038,669    48,626,784    126,348,839    58,699,681    
-
    
                  -
    638,740,734    185,048,520 
Second lien   298,770,044    35,145,938    87,301,425    180,940,161    117,260,348    
-
    
-
    719,417,916    298,200,509 
Loans principal, interest and financing service fee receivables   674,796,805    64,184,608    135,928,209    307,289,000    175,960,029    
-
    
-
    1,358,158,651    483,249,029 

 

The following tables provides information on delinquency, which is the primary credit quality indicator for loan principal and financing service fee receivables as of December 31, 2024.

 

   Total current   1 - 30 days past due   31 - 90 days past due   91 - 180 days past due   181 - 270 days past due   271 - 360 days past due   361 days past due   Total loans   Total 
   RMB   RMB   RMB   RMB   RMB   RMB   RMB   RMB   RMB 
First lien   1,743,448,927    211,649,445    297,027,019    152,995,572    70,512,116    
-
    121,628    2,475,754,706    223,629,316 
Second lien   2,821,925,668    359,606,965    525,131,525    194,145,026    134,211,678    
-
    75,203    4,035,096,066    328,431,907 
Loans principal, interest and financing service fee receivables   4,565,374,595    571,256,410    822,158,544    347,140,598    204,723,794    
-
    196,831    6,510,850,772    552,061,223 
Schedule of Non-Accrual Loans Non-accrual loans summary
       Recorded investment     
   Unpaid  principal balance   Non-accrual loans   Non-accrual loans with related allowance for credit losses   Non-accrual loans without related allowance for credit losses   Related allowance for credit losses 
   RMB   RMB   RMB   RMB   RMB 
First lien   638,113,093    185,048,520    126,348,839    58,699,681    23,143,482 
Second lien   718,618,336    298,200,509    180,940,161    117,260,348    107,150,117 
As of December 31, 2025   1,356,731,429    483,249,029    307,289,000    175,960,029    130,293,599 
                          
First lien   2,470,162,350    223,629,316    152,995,572    70,633,744    43,242,069 
Second lien   4,025,845,985    328,431,907    194,145,026    134,286,881    35,966,065 
As of December 31, 2024   6,496,008,335    552,061,223    347,140,598    204,920,625    79,208,134 
Schedule of Average Recorded Investment in Impaired Loans Average recorded investment in non-accrual loans
    Year ended
December 31, 2024		     Year ended
December 31, 2025		  
    Average
recorded investment		     Interest and fees income recognized     Average
recorded investment		     Interest and fees income recognized  
    RMB     RMB     RMB     RMB  
First lien     131,831,654       149,067,173       1,137,134,169       97,045,861  
Second lien     201,779,809       170,331,545       1,760,974,069       118,393,217  
Non-accrual loans     333,611,463       319,398,718       2,898,108,237       215,439,078