v3.26.1
Consolidated Statements of Cash Flows - CNY (¥)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income/(loss) ¥ (470,394,042) ¥ 37,784,446 ¥ 164,617,561
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 480,931,843 105,216,440 177,282,998
Provision for cost method investment 5,907,577
Depreciation and amortization 15,978,766 11,540,878 1,753,032
Share-based compensation expenses 14,898,534 7,517,349
Net losses/(gains) on disposal of property and equipment (39,563) 147,644
Net loss on disposal of non-marketable equity securities and Investment securities 971,725 (4,125,037) 1,524,159
Foreign exchange gains [1] (5,672,134) (5,933,998) (3,589,629)
Deferred tax benefit (179,918,382) (38,044,032) (16,493,414)
Net losses on sale of loans 20,967,075 6,497,731 17,190,545
Profit and loss arising from fair value changes 5,765,113
Loans held-for-sale:      
Originations and purchases (126,690,813) (392,734,939) (629,040,509)
Proceeds from sales and paydowns of loans originally classified as held-for-sale 732,149,970 1,404,481,435 1,896,137,537
Changes in operating assets and liabilities:      
Deposits 70,760,851 1,074,466 (18,020,425)
Guarantee deposits 61,057,202 (37,968,789) (142,002,003)
Credit risk mitigation position and guarantee repayments from sales partner (423,952,606) (60,885,147) 234,530,494
Other operating assets (279,502,517) (243,888,698) 15,130,538
Other operating liabilities 187,760,210 (40,643,453) (12,597,823)
Net cash provided by operating activities 84,447,150 757,230,274 1,705,760,744
Cash flows from investing activities:      
Loans originated, net of principal collected 2,943,445,302 (818,975,410) (3,040,754,719)
Proceeds from sales of investment securities 717,259,189 1,080,908,979 2,973,911,087
Proceeds from disposal of non-marketable equity securities 13,178,264 25,000,000 3,400,000
Proceeds from disposal of property and equipment and intangible assets 446,703 833,525 38,909
Proceeds from sales of loans 366,434,506 814,597,838 1,202,955,909
Purchased loans with credit deterioration (56,366,398) (435,981,602) (640,283,653)
Purchases of investment securities (706,965,500) (922,104,610) (2,868,678,085)
Purchases of non-marketable equity securities
Purchases of property, equipment and intangible assets (3,565,552) (7,945,839) (114,503,257)
Net cash provided/(used in) investing activities 3,273,866,515 (263,667,119) (2,483,913,809)
Cash flows from financing activities:      
Proceeds from interest-bearing borrowings 2,777,439,569 9,493,281,488 10,402,258,233
Proceeds from contributions from non-controlling shareholders 71,514,091
Repurchase of ordinary shares (1,782,174) (4,575,351) (30,691,070)
Repayment of interest-bearing borrowings (6,961,429,710) (10,820,894,746) (9,294,928,900)
Acquisition of interests in consolidated VIEs from non-controlling interests (142,611,784)
Net cash provided by/used in financing activities (4,185,772,315) (1,332,188,609) 1,005,540,570
Net increase/(decrease) in cash, cash equivalents and restricted cash (827,458,650) (838,625,454) 227,387,505
Cash, cash equivalents and restricted cash at the beginning of year 1,170,386,076 2,001,602,420 1,772,184,145
Effect of exchange rate change on cash, cash equivalents and restricted cash (4,739,909) 7,409,110 2,030,770
Cash, cash equivalents and restricted cash at the end of year 338,187,517 1,170,386,076 2,001,602,420
Supplemental disclosures of cash flow information:      
Income taxes paid, net of refunds 4,641,211 27,704,212 63,458,446
Interest expense paid ¥ 469,985,706 ¥ 776,332,323 ¥ 726,293,220
[1] The changes of foreign exchange gain are mainly due to exchange rate changes in cash and cash equivalents held by the Group, including US dollar account and Hong Kong dollar account.