v3.26.1
Property and equipment, net
12 Months Ended
Dec. 31, 2025
Property and equipment, net  
Property and equipment, net

6. Property and equipment, net

Property and equipment, net consists of the following:

As of

December 31, 

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2025

RMB

RMB

US$

Computer and transmission equipment

31,286,142

37,106,123

5,306,105

Furniture and office equipment

1,715,512

2,695,289

385,421

Leasehold improvements

27,530,407

33,375,602

4,772,648

Motor vehicles

816,103

816,103

116,701

Total property and equipment

61,348,164

73,993,117

10,580,875

Accumulated depreciation

(45,514,674)

(50,093,561)

(7,163,284)

Property and equipment, net

15,833,490

23,899,556

3,417,591

Depreciation expense was RMB3,026,574, RMB4,866,123 and RMB8,768,355 (US$1,253,858) for the years ended December 31, 2023, 2024 and 2025, respectively. Disposal of property and equipment resulted in loss of RMB148,198, gain of RMB56,293 and loss of RMB3,693 (US$528) in the years ended December 31, 2023, 2024 and 2025, respectively.