v3.26.1
CONSOLIDATED BALANCE SHEETS
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
ASSETS      
Cash and cash equivalents ¥ 987,630,978 $ 141,229,352 ¥ 984,611,409
Restricted cash, net of allowance for credit losses of RMB241,398 and RMB313,985 as of December 31, 2024 and 2025, respectively (including RMB527,457,300 and RMB823,346,358 from Consolidated Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 1,145,962,320 163,870,432 676,793,411
Accounts receivable and contract assets, net of allowance for credit losses of RMB24,172,284 and RMB192,376,932 as of December 31, 2024 and 2025, respectively (including RMB37,373,243 and RMB52,994,846 from Consolidated Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 3,145,975,681 449,868,539 2,029,550,471
Deposits to institutional cooperators, net of allowance for credit losses of RMB 5,871,290 and RMB 5,096,518 as of December 31, 2024 and 2025, respectively 1,713,593,362 245,040,592 1,958,297,244
Prepaid expenses and other current assets 43,546,807 6,227,111 34,078,494
Financial guarantee derivative 0 0 1,038,258
Deferred tax assets, net 455,357,514 65,115,258 197,712,551
Long-term investments 515,523,849 73,718,930 498,038,310
Financial investments (amortized cost of RMB141,685,928 and RMB390,931,941 and allowance for credit losses of nil and nil related to investments accounted under AFS model as of December 31, 2024 and 2025, respectively) 1,243,076,254 177,757,540 513,475,537
Property and equipment, net 23,899,556 3,417,591 15,833,490
Intangible assets, net 39,183,115 5,603,111 36,591,969
Other non-current assets 53,363,643 7,630,899 44,951,464
TOTAL ASSETS 14,665,744,467 2,097,173,566 11,819,289,603
LIABILITIES      
Payable to investors and institutional funding partners at amortized cost (including RMB2,184,085,667 and RMB3,054,981,462 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 3,054,981,462 436,856,539 2,184,085,667
Contingent guarantee liabilities 748,306,610 107,006,422 187,640,702
Financial guarantee derivative 15,425,681 2,205,843 0
Deferred guarantee income 467,629,443 66,870,121 164,724,512
Short-term borrowings (including RMB10,000,000 and RMB130,000,000 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 409,530,006 58,562,012 328,500,000
Accrued payroll and welfare (including RMB18,482,497 and RMB11,482,779 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 76,058,095 10,876,163 94,716,949
Other taxes payable (including RMB119,683,947 and RMB58,251,812 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 221,939,999 31,736,998 279,994,194
Income taxes payable (including RMB174,425,660 and RMB169,015,224 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 677,521,066 96,884,224 591,491,126
Deposit payable to channel cooperators 12,016,415 1,718,324 12,016,415
Accrued expenses and other current liabilities (including RMB94,825,511 and RMB163,383,863 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 1,041,055,440 148,868,948 929,490,436
Other non-current liabilities (including nil and RMB2,252,921 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 34,806,908 4,977,322 27,516,391
Deferred tax liabilities (including RMB642,602 and RMB1,051,597 from the Consolidated VIEs, Trusts and Partnerships as of December 31, 2024 and 2025, respectively) 69,672,705 9,963,064 65,958,569
TOTAL LIABILITIES 6,828,943,830 976,525,980 4,866,134,961
Commitments and Contingencies (Note 18)
Equity:      
Common shares (US$0.0001 par value; 1,000,000,000 shares authorized as of December 31, 2024 and 2025; 329,117,943 and 329,117,943 shares issued as of December 31, 2024 and 2025; 250,678,439 and 234,517,901 shares outstanding as of December 31, 2024 and 2025) 206,793 29,571 206,793
Treasury stock (78,439,504 and 94,600,042 shares as of December 31, 2024 and 2025) (967,773,090) (138,389,711) (509,643,763)
Additional paid-in capital 3,256,349,216 465,651,744 3,207,028,391
Retained earnings 5,484,293,291 784,243,511 4,174,511,191
Other comprehensive income 63,724,427 9,112,471 81,052,030
TOTAL EQUITY 7,836,800,637 1,120,647,586 6,953,154,642
TOTAL LIABILITIES AND EQUITY 14,665,744,467 2,097,173,566 11,819,289,603
Xiaoying Credit Loans And Revolving Loans      
ASSETS      
Loans receivable from Xiaoying Credit Loans and other loans, net of allowance for credit losses of RMB175,820,629 and RMB236,233,265 as of December 31, 2024 and 2025, respectively (including RMB2,916,966,912 and RMB3,540,930,299 from Consolidated Trusts and Partnerships as of December 31, 2024 and 2025, respectively) ¥ 5,298,631,388 $ 757,694,211 ¥ 4,828,316,995