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Convertible Senior Notes (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Carrying Amount of Notes

The carrying amount of the Notes as of December 31, 2023 and September 30, 2024 were as follows:

 

 

 

As of December 31,

 

 

As of September 30,

 

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

US$

 

Principal

 

 

10,801,658

 

 

 

7,846,874

 

 

 

1,118,171

 

Less: unamortized discount and debt issuance costs

 

 

(144,778

)

 

 

(356,805

)

 

 

(50,844

)

Net carrying amount

 

 

10,946,436

 

 

 

8,203,679

 

 

 

1,169,015

 

Schedule of Amounts of Interest Cost Recognized

For the nine months ended September 30, 2023 and 2024, the amounts of interest cost recognized were as follows:

 

 

 

For the nine months ended September 30,

 

 

 

2023

 

 

2024

 

 

2024

 

 

 

RMB

 

 

RMB

 

 

US$

 

Contractual interest expense

 

 

489,086

 

 

 

445,608

 

 

 

63,499

 

Amortization of the discount and issuance costs

 

 

214,934

 

 

 

218,576

 

 

 

31,147

 

Total

 

 

704,020

 

 

 

664,184

 

 

 

94,646