v3.26.1
Interest-Bearing Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Interest-Bearing Borrowings [Abstract]  
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity fair value of the financial assets transferred may decline below the amount of obligation to reacquire the financial assets, and therefore create an obligation to pledge additional amounts, or to replace collaterals pledged, and (2) the Group does not have sufficient liquidity to repurchase the financial assets at the transaction’s maturity.
   Note  Fixed interest rate per annum  Term  December 31,
2024		   December 31,
2025		 
            RMB   RMB 
Repurchase agreements                 
                  
Funds obtained from financial institutions  (i)  8.0% to 13.8%  Within 3 years   1,663,401,923    2,723,216,185 
Interest payable to financial institutions  (i)         5,830,327    43,218,201 
Total repurchase agreements            1,669,232,250    2,766,434,386 
(i) The financial liabilities arising from the VIEs with underlying investments in loans to customers are classified as payable in these consolidated financial statements. It is because the Group has an obligation to pay senior tranches holders upon maturity dates based on the related terms of those consolidated structured funds. As of December 31, 2025, the borrowings from VIEs have principal RMB 578,632,158, bearing interests from 5.1% to 10.2% per year.
Schedule of Repurchase Agreement Funds obtained from financial institutions
   December 31,
2024		   December 31,
2025		 
   RMB   RMB 
Underlying collateral types of gross obligations        
Repurchase agreements:        
Loans principal, interest and financing service fee receivables   1,663,401,923    2,723,216,185 
Total repurchase agreements   1,663,401,923    2,723,216,185 
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements

The below table provides the contractual maturities of the gross obligations under repurchase agreements.

 

   Overnight   Up to 30 days   30 to 90 days   Greater than
90 days		   Total gross obligations 
   RMB   RMB   RMB   RMB   RMB 
Repurchase agreements                    
As of December 31, 2025   90,938,049    90,938,049    28,356,855    2,512,983,232    2,723,216,185 
As of December 31, 2024   2,781,180    7,955,491    10,308,988    1,642,356,264    1,663,401,923 
Schedule of Other Borrowings Other borrowings
Other borrowings  Note  Fixed interest rate per annum  Term  December 31,
2024		   December 31,
2025		 
            RMB   RMB 
Short-term:                 
Investors of consolidated VIEs  (i)  5.1% to 9.7%  Less than 1 year   5,354,881,238    454,462,325 
                    
Long-term:                   
Investors of consolidated VIEs  (i)  5.5% to 10.2%  1 - 5 years   459,550,000    124,169,833 
                    
Commercial bank A  (ii)  4.50%  10 years   67,320,834    59,770,835 
                    
Commercial bank B  (iii)  4.10%  30 years   21,830,983    21,375,659 
                    
Interest payable to                   
Investors of consolidated VIEs  (i)         29,703,862    13,361,979 
Total            5,933,286,917    673,140,631 

 

(i) The financial liabilities arising from the VIEs with underlying investments in loans to customers are classified as payable in these consolidated financial statements. It is because the Group has an obligation to pay senior tranches holders upon maturity dates based on the related terms of those consolidated structured funds. As of December 31, 2025, the borrowings from VIEs have principal RMB 578,632,158, bearing interests from 5.1% to 10.2% per year.

 

(ii) In December 2022, the Group entered into a 10-year loan agreement with a commercial bank in the PRC, with total principal of RMB75,500,000. The borrowing bear annual interest rate of 4.5% in 2025 and were secured by the Group’s recently purchased office buildings. As of December 31, 2025, the outstanding loan principal was RMB 59,770,835.

 

(iii) In November 2023, the Group entered into a 30-year loan agreement with a commercial bank in the PRC, with total principal of RMB22,250,000. The borrowing bear annual interest rate of 4.1% and were secured by the Group’s recently purchased real estate property. As of December 31, 2025, the outstanding loan principal was RMB 21,375,659.
Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations

Aggregate annual maturities of long-term borrowing obligations (based on final maturity dates) are as follows:

 

   December 31, 2025 
   2026   2027   2028   2029   2030   Thereafter   Total 
   RMB   RMB   RMB   RMB   RMB   RMB   RMB 
Investors of consolidated VIEs        39,000,000    78,969,833    
-
    
-
    6,200,000    124,169,833 
                                    
Commercial bank A   7,550,000    7,550,000    7,550,000    7,550,000    7,550,000    22,020,834    59,770,834 
                                    
Commercial bank B   419,349    436,869    455,121    1,290,140    493,944    18,280,236    21,375,659 
                                    
Total   7,969,349    46,986,869    86,974,954    8,840,140    8,043,944    46,501,070    205,316,327 

  

   December 31, 2024 
   2025   2026   2027   2028   2029   Thereafter   Total 
   RMB   RMB   RMB   RMB   RMB   RMB   RMB 
Investors of consolidated VIEs   
-
    435,100,000    
-
    
-
    
-
    24,450,000    459,550,000 
                                    
Commercial bank A   7,550,000    7,550,000    7,550,000    7,550,000    7,550,000    29,570,834    67,320,834 
                                    
Commercial bank B   402,531    419,349    436,869    455,121    1,290,140    18,826,973    21,830,983 
                                    
Total   7,952,531    443,069,349    7,986,869    8,005,121    8,840,140    72,847,807    548,701,817 
Schedule of Pledge Assets The table provides the total carrying amounts of pledged assets by asset types.
    December 31,
2024		     December 31,
2025		  
    RMB     RMB  
Loans principal, interest and financing service fee receivables     2,760,756,311       7,429,581,032  
                 
Office buildings     134,793,318       128,208,171  
                 
Real estate property     43,071,871       40,814,830  
Total     2,938,621,500       7,598,604,033