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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) ¥ 811,996,439 $ 117,728,417 ¥ 825,406,545 ¥ (1,308,461,441)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 6,646,312 963,625 8,135,552 11,915,528
Share-based compensation 53,537,815 7,762,254 88,434,772 80,140,138
Impairment losses on financial investments 8,874,750 1,286,718    
Impairment losses on long-term investments 26,865,733 3,895,165    
Loss (gain) from equity in affiliates 22,102,238 3,204,523 (3,341,862) 6,805,940
Loss (gain) from disposal of property and equipment (2,678) (388) (180,537) 59,213
Loss (income) from financial investments (20,900,025) (3,030,219)    
Provision for accounts receivable and contract assets 21,835,625 3,165,868 77,247,810 121,485,215
(Reversal of) provision for loan receivable from Xiaoying Housing Loans 164,641,879 23,870,829 76,395,168 227,210,026
(Reversal of) provision for credit losses on deposits to institutional cooperators 1,295,879 187,885 (8,291,421) 10,318,117
(Reversal of) provision for loan receivable from Xiaoying Housing Loans (6,066,176) (879,513) (377,559) 17,993,570
Impairment loss on deposits to institutional cooperators       960,000,000
Reversal of provision of credit losses for other financial assets (764,600) (110,857) (1,223,360) (975,040)
Fair value adjustments related to Consolidated Trusts 6,168,307 894,320 7,266,784 57,380,274
Change in fair value of financial guarantee derivative (137,654,096) (19,957,968) 170,338,993 163,670,115
Deferred tax expenses (benefits) 195,589,376 28,357,794 333,420,104 (142,551,916)
Other non-cash expenses (income) 658,327 95,448 (117,889) (978,897)
Changes in operating assets and liabilities:        
Accounts receivable and contract assets (436,267,247) (63,252,805) (411,420,820) 220,837,490
Deposits to institutional cooperators (271,206,554) (39,321,254) (584,191,949) (1,369,521,281)
Prepaid expenses and other current assets 121,759,157 17,653,418 21,232,196 123,901,899
Other non-current assets 1,562,738 226,576 162,653 265,846
Guarantee liabilities     (9,789,626) (7,983,299)
Financial guarantee derivative (223,943,839) (32,468,805) 551,283,453 388,806,171
Accrued payroll and welfare 19,076,221 2,765,792 9,824,303 (28,867,642)
Other taxes payable 36,144,805 5,240,504 146,468,684 14,991,468
Income taxes payable 152,940,513 22,174,290 41,231,547 (265,078,543)
Deposit payable to channel cooperators (1,312,000) (190,222) (460,000) (87,451,225)
Accrued expenses and other current liabilities 65,114,595 9,440,729 (33,694,875) 102,802,015
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 322,701,870 46,787,373 449,171,181 (679,234,601)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of property and equipment and intangible assets (6,055,110) (877,908) (2,620,038) (5,365,436)
Disposal of property and equipment 5,440 789 236,783 79,344
Purchase of financial investments (90,539,800) (13,127,037) (112,843,800) (6,000,000)
Collection of financial investments     36,000,000  
Purchase of long-term investment     (315,000,000) (3,500,000)
Collection of long-term investment 6,852,347 993,497 40,000,000  
Loan to a related party     (150,000,000)  
Loan repayment from a related party     150,000,000  
Principal payment of loans at fair value (826,042,700) (119,764,934) (2,238,372,299) (4,016,159,473)
Principal collection of loans at fair value 1,089,274,133 157,929,904 3,427,158,051 5,155,380,196
Collections of loans' earnings rights from related party 100,000,000 14,498,637 160,000,000 120,000,000
CASH USED IN INVESTING ACTIVITIES (913,388,006) (132,428,812) (2,347,593,831) (3,704,848,130)
CASH FLOWS FROM FINANCING ACTIVITIES        
Repurchase of common shares (146,740,902) (21,275,431)    
Proceeds from exercise of options 277,342 40,211 2,959,511 612,530
Acquisition of non-controlling interests     (1,200,000)  
Cancelling of shares       (68,936)
Proceeds from short-term borrowings 70,208,800 10,179,319 266,500,000 511,545,000
Repayments of short-term borrowings (166,500,000) (24,140,231) (450,545,000) (161,000,000)
Cash received from institutional funding partners     2,052,099,474 5,707,175,065
Cash paid to institutional funding partners (21,310,352) (3,089,711) (583,101,169) (475,385,721)
Cash received from investors of Consolidated Trusts at fair value 98,800,000 14,324,653 454,490,000 1,537,760,000
Cash paid to investors of Consolidated Trusts at fair value (420,225,590) (60,926,983) (1,905,959,250) (2,629,925,825)
Cash received from investors and institutional funding partners of the Consolidated Trusts and Partnerships at amortized cost 2,497,000,169 362,030,994 1,466,068,260  
Cash paid to investors and institutional funding partners of the Consolidated Trusts and Partnerships at amortized cost (1,335,158,227) (193,579,746)    
CASH PROVIDED BY FINANCING ACTIVITIES 576,351,240 83,563,075 1,301,311,826 4,490,712,113
Effect of foreign exchange rate changes 29,255,917 4,241,709 (9,373,234) (28,409,920)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 14,921,021 2,163,345 (606,484,058) 78,219,462
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 992,038,836 143,832,111 1,598,522,894 1,520,303,432
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT YEAR END 1,006,959,857 145,995,456 992,038,836 1,598,522,894
Supplemental disclosures of cash flow information:        
Income taxes paid, net of refunds 37,369,220 5,418,028 30,958,576 107,751,825
Interest paid for borrowings 1,991,007 288,669 6,719,912 11,405,162
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 602,270,607   584,762,494 746,388,408
Restricted cash 404,689,250   407,276,342 852,134,486
Total cash and cash equivalents and restricted cash 1,006,959,857   992,038,836 1,598,522,894
Consolidated Partnerships        
CASH FLOWS FROM INVESTING ACTIVITIES        
Principle payment of loans receivables of the Consolidated Trusts and Partnership at amortized cost (7,455,098,555) (1,080,887,687) (2,538,004,837)  
Principal collection of loans receivables of the Consolidated Trusts and Partnerships at amortized cost 6,263,466,800 908,117,323 915,305,038  
Consolidated Trusts        
Changes in operating assets and liabilities:        
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 273,610,963 39,669,861 155,272,678 (20,179,042)
CASH FLOWS FROM INVESTING ACTIVITIES        
CASH USED IN INVESTING ACTIVITIES (928,400,322) (134,605,394) (433,914,047) 1,139,220,723
CASH FLOWS FROM FINANCING ACTIVITIES        
CASH PROVIDED BY FINANCING ACTIVITIES 840,416,352 121,848,917 14,599,010 (1,092,165,825)
Reconciliation to amounts on consolidated balance sheets:        
Restricted cash 398,439,250   212,812,257  
Xiaoying Credit Loans And Revolving Loans        
Changes in operating assets and liabilities:        
Loan receivable from Xiaoying Credit Loans and other loans (304,079,859) (44,087,435) (890,372,164)  
CASH FLOWS FROM INVESTING ACTIVITIES        
Origination of loans receivables from Xiaoying Credit Loans and other loans     (1,755,301,405) (5,746,369,142)
Sale and collection of loans receivables from Xiaoying Credit Loans and other loans 4,749,439 688,604 35,848,676 797,086,381
Xiaoying Housing Loan        
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Provision for accounts receivable and contract assets 21,835,625 3,165,868 77,247,810 121,485,215
(Reversal of) provision for loan receivable from Xiaoying Housing Loans (6,066,176) (879,513) (377,559)  
Changes in operating assets and liabilities:        
Loan receivable from Xiaoying Credit Loans and other loans ¥ 8,088,235 $ 1,172,684 ¥ 35,784,679 ¥ 24,051,658