| CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY |
SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS | | | | | | | | | As of | | | | | | | December 31, | | As of December 31, | | | 2024 | | 2025 | | 2025 | | | RMB | | RMB | | US$ | Assets: | | | | | | | Cash and cash equivalents | | 1,359,623 | | 7,934,940 | | 1,134,681 | Prepaid expenses and other current assets | | 390,721 | | 500,011 | | 71,501 | Amount due from subsidiaries and VIEs | | 910,228,376 | | 324,658,501 | | 46,425,548 | Investments in subsidiaries and VIEs | | 6,286,783,144 | | 7,503,918,049 | | 1,073,046,009 | Total assets | | 7,198,761,864 | | 7,837,011,501 | | 1,120,677,739 | | | | | | | | Liabilities: | | | | | | | Accrued expenses and other current liabilities | | 245,607,222 | | 210,864 | | 30,153 | Total liabilities | | 245,607,222 | | 210,864 | | 30,153 | | | | | | | | Equity: | | | | | | | Common shares | | 206,793 | | 206,793 | | 29,571 | Treasury stock | | (509,643,763) | | (967,773,090) | | (138,389,711) | Additional paid-in capital | | 3,207,028,391 | | 3,256,349,216 | | 465,651,744 | Retained earnings | | 4,174,511,191 | | 5,484,293,291 | | 784,243,511 | Accumulated other comprehensive income | | 81,052,030 | | 63,724,427 | | 9,112,471 | Total equity | | 6,953,154,642 | | 7,836,800,637 | | 1,120,647,586 | Total liabilities and equity | | 7,198,761,864 | | 7,837,011,501 | | 1,120,677,739 |
CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | | | | | | | | | | | Year ended | | Year ended | | | | | | | December 31, | | December 31, | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | 2025 | | | RMB | | RMB | | RMB | | US$ | General and administrative expenses | | (5,899,484) | | (7,502,575) | | (6,465,244) | | (924,518) | Interest income (expense) | | 29,662 | | 33,062 | | (2,449,776) | | (350,313) | Equity in profit of subsidiaries and VIEs | | 1,190,497,730 | | 1,547,501,724 | | 1,473,467,244 | | 210,703,014 | Other income (expense), net | | 2,166,066 | | (126,446) | | — | | — | Net income | | 1,186,793,974 | | 1,539,905,765 | | 1,464,552,224 | | 209,428,183 | Other comprehensive income (loss) | | 5,878,060 | | 11,575,379 | | (17,327,603) | | (2,477,815) | Comprehensive income | | 1,192,672,034 | | 1,551,481,144 | | 1,447,224,621 | | 206,950,368 |
CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENT OF CASH FLOWS | | | | | | | | | | | December 31, | | December 31, | | Year ended December 31, | | | 2023 | | 2024 | | 2025 | | 2025 | | | RMB | | RMB | | RMB | | US$ | Net cash (used in) provided by operating activities | | (5,736,205) | | (8,157,418) | | 247,024,682 | | 35,324,059 | Collection of amounts due from subsidiaries and VIEs | | 74,701,887 | | 307,016,845 | | 629,234,299 | | 89,979,308 | Net cash provided by investing activities | | 74,701,887 | | 307,016,845 | | 629,234,299 | | 89,979,308 | Contribution from shareholders | | 1,099,619 | | 122,507 | | 19,087,375 | | 2,729,458 | Repurchase of common shares | | (24,872,828) | | (182,204,126) | | (733,975,533) | | (104,957,105) | Dividend paid | | (58,401,356) | | (116,639,508) | | (154,770,124) | | (22,131,833) | Net cash used in financing activities | | (82,174,565) | | (298,721,127) | | (869,658,282) | | (124,359,480) | Effect of foreign exchange rate changes | | 131,100 | | 18,968 | | (25,382) | | (3,630) | Net (decrease) increase in cash and cash equivalents | | (13,077,783) | | 157,268 | | 6,575,317 | | 940,257 | Cash and cash equivalents, beginning of year | | 14,280,138 | | 1,202,355 | | 1,359,623 | | 194,424 | Cash and cash equivalents, end of year | | 1,202,355 | | 1,359,623 | | 7,934,940 | | 1,134,681 |
SCHEDULE I—NOTES TO CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY 1.Schedule I has been provided pursuant to the requirements of Rule 12-04 and 5-04(c) of Regulation S-X, which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same date and for the same period for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. 2.The condensed financial information has been prepared using the same accounting policies as set out in the consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries and VIEs. For the parent company, the Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Condensed Balance Sheet as “Investments in subsidiaries and VIEs” and the subsidiaries and VIEs’ profit or loss as “Equity in profit (loss) of subsidiaries and VIEs” on the Condensed Statements of Comprehensive Income (loss). 3.For the years ended December 31, 2023, 2024 and 2025, there were no material contingencies, significant provisions of long-term obligations, guarantees of the Company. Translations of balances in the additional financial information of Parent Company—Financial Statements Schedule I from RMB into US$ as of and for the year ended December 31, 2025 are solely for the convenience of the readers and were calculated at the rate of US$1.00= RMB6.9931, as set forth in H.10 statistical release of the Federal Reserve Board on December 31, 2025. The translation is not intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into United States dollars at that rate on December 31, 2025, or at any other rate.
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