CNFinance Holdings Limited (CNF) 20-F26 Apr 242023 FY Annual report (foreign)Financial data

Company Profile

Document And Entity Information

Document And Entity Information	12 Months Ended
Document And Entity Information	Dec. 31, 2023 shares
Document Information Line Items
Entity Registrant Name	CNFinance Holdings Limited
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	1,371,643,240
Amendment Flag	false
Entity Central Index Key	0001733868
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-38726
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	44/F, Tower G
Entity Address, Address Line Two	No. 16 Zhujiang Dong Road
Entity Address, Address Line Three	Tianhe District
Entity Address, City or Town	Guangzhou City
Entity Address, Postal Zip Code	510620
Entity Address, Country	CN
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	U.S. GAAP
Auditor Firm ID	1186
Auditor Name	KPMG Huazhen LLP
Auditor Location	Guangzhou, China
Business Contact
Document Information Line Items
Entity Address, Address Line One	44/F, Tower G
Entity Address, Address Line Two	No. 16 Zhujiang Dong Road
Entity Address, Address Line Three	Tianhe District
Entity Address, City or Town	Guangzhou City
Entity Address, Postal Zip Code	510620
Entity Address, Country	CN
Contact Personnel Name	Bin Zhai,
Contact Personnel Email Address	Bin Zhai, Chief Executive Officer and Chairman Tel: +86-20-62316688 E-mail: ir@cashchina.cn At the address of the Company set forth above
City Area Code	+86
Local Phone Number	-20-62316688
American depositary shares, each ADS representing 20 ordinary shares, par value US$0.0001 per share
Document Information Line Items
Trading Symbol	CNF
Title of 12(b) Security	American depositary shares, each ADS representing 20 ordinary shares, par value US$0.0001 per share
Security Exchange Name	NYSE
Ordinary shares, par value US$0.0001 per share
Document Information Line Items
Title of 12(b) Security	Ordinary shares, par value US$0.0001 per share
Security Exchange Name	NYSE
No Trading Symbol Flag	true

Consolidated Balance Sheets

Consolidated Balance Sheets - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash, cash equivalents and restricted cash (including amounts of the consolidated VIEs of RMB1, 265,876,948 and RMB1,510,686,015 as of December 31, 2022 and 2023, respectively)	¥ 2,001,602,420	¥ 1,772,184,145
Loans principal, interest and financing service fee receivables (including amounts of the consolidated VIEs of RMB8,911,163,298 and RMB9,132,462,231 as of December 31, 2022 and 2023, respectively)	9,815,753,828	9,456,802,188
Allowance for credit losses (including amounts of the consolidated VIEs of RMB729,743,207 and RMB717,331,910 as of December 31, 2022 and 2023, respectively)	781,795,096	763,996,187
Net loans principal, interest and financing service fee receivables (including amounts of the consolidated VIEs of RMB8,181,420,091 and RMB8,415,130,321 as of December 31, 2022 and 2023, respectively)	9,033,958,732	8,692,806,001
Loans held-for-sale (including amounts of the consolidated VIEs of RMB1,122,309,299 and RMB1,296,708,106 as of December 31, 2022 and 2023, respectively)	2,471,413,744	1,844,438,134
Investment securities (including amounts of the consolidated VIEs of RMB205,711,749 and RMB21,545,271 as of December 31, 2022 and 2023, respectively)	413,908,211	518,644,561
Property and equipment	8,158,950	2,284,262
Intangible assets and goodwill	3,014,944	3,487,733
Deferred tax assets (including amounts of the consolidated VIEs of Nil and RMB384,801 as of December 31, 2022 and 2023, respectively)	92,224,714	76,904,707
Deposits (including amounts of the consolidated VIEs of RMB137,661,130 and RMB156,815,888 as of December 31, 2022 and 2023, respectively)	163,113,726	145,093,301
Right-of-use assets (including amounts of the consolidated VIEs of RMB309,531 and RMB63,450 as of December 31, 2022 and 2023, respectively)	27,827,938	29,777,357
Guaranteed assets (including amounts of the consolidated VIEs of RMB716,129,457 and RMB684,293,725 as of December 31, 2022 and 2023, respectively)	875,031,026	726,410,799
Other assets (including amounts of the consolidated VIEs of RMB19,878,136 and RMB55,748,802 as of December 31, 2022 and 2023, respectively)	1,274,091,419	669,888,900
Total assets	16,364,345,824	14,481,919,900
Liabilities and shareholders’ equity
Borrowings under agreements to repurchase (including amounts of the consolidated VIEs of Nil and RMB85,331,820 as of December 31, 2022 and 2023, respectively)	686,581,454	112,642,010
Other borrowings (including amounts of the consolidated VIEs of RMB7,727,559,337 and RMB8,146,494,548 as of December 31, 2022 and 2023, respectively)	8,243,615,381	7,727,559,337
Accrued employee benefits (including amounts of the consolidated VIEs of RMB61,602 and RMB22,782 as of December 31, 2022 and 2023, respectively)	25,662,995	31,644,590
Income taxes payable (including amounts of the consolidated VIEs of RMB902,734 and RMB1,030,049 as of December 31, 2022 and 2023, respectively)	181,031,767	186,901,268
Deferred tax liabilities (including amounts of the consolidated VIEs of RMB15,863 and Nil as of December 31, 2022 and 2023, respectively)	72,578,615	73,752,022
Lease liabilities (including amounts of the consolidated VIEs of RMB246,081 and Nil as of December 31, 2022 and 2023, respectively)	26,073,473	28,583,475
Credit risk mitigation position	1,589,183,564	1,354,653,070
Other liabilities (including amounts of the consolidated VIEs of RMB144,061,166 and RMB232,873,758 as of December 31, 2022 and 2023, respectively)	1,530,691,852	1,028,470,668
Total liabilities	12,355,419,101	10,544,206,440
Ordinary shares (USD0.0001 par value; 3,800,000,000 shares authorized; 1,559,576,960 shares issued and 1,371,643,240 shares outstanding as of December 31, 2022 and December 31, 2023, respectively)	916,743	916,743
Treasury stock	(118,322,545)	(87,631,475)
Additional paid-in capital	1,031,720,864	1,024,203,515
Retained earnings	3,103,956,542	2,958,716,295
Accumulated other comprehensive losses	(9,344,881)	(10,211,997)
Total equity attributable to owners of the Company	4,008,926,723	3,885,993,081
Non-controlling interests		51,720,379
Total shareholders’ equity	4,008,926,723	3,937,713,460
Total liabilities and shareholders’ equity	¥ 16,364,345,824	¥ 14,481,919,900

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - CNY (¥)	12 Months Ended
Consolidated Balance Sheets (Parentheticals) - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Cash, cash equivalents and restricted cash	¥ 1,510,686,015	¥ 1,265,876,948
Loans principal, interest and financing service fee receivables	9,132,462,231	8,911,163,298
Allowance for credit losses	717,331,910	729,743,207
Net loans principal, interest and financing service fee receivables	8,415,130,321	8,181,420,091
Loans held-for-sale	1,296,708,106	1,122,309,299
Investment securities	21,545,271	205,711,749
Deferred tax assets	384,801
Deposits	156,815,888	137,661,130
Right-of-use assets	63,450	309,531
Guaranteed assets	684,293,725	716,129,457
Other assets	55,748,802	19,878,136
Borrowings under agreements to repurchase	85,331,820
Other borrowings	8,146,494,548	7,727,559,337
Accrued employee benefits	22,782	61,602
Income taxes payable	1,030,049	902,734
Deferred tax liabilities		15,863
Lease liabilities		246,081
Other liabilities	¥ 232,873,758	¥ 144,061,166
Ordinary shares, par value (in Yuan Renminbi per share)	¥ 0.0001	¥ 0.0001
Ordinary shares, shares authorized (in Shares)	3,800,000,000	3,800,000,000
Ordinary shares, shares issued (in Shares)	1,371,643,240	1,559,576,960
Ordinary shares, shares outstanding (in Shares)	1,371,643,240	1,559,576,960

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - CNY (¥)	12 Months Ended
Consolidated Statements of Comprehensive Income - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Interest and fees income	¥ 1,754,595,020	¥ 1,731,352,575	¥ 1,815,773,980
Interest expenses on interest-bearing borrowings	(723,081,286)	(784,776,537)	(775,565,615)
Net interest and fees income	1,031,513,734	946,576,038	1,040,208,365
Net revenue under the commercial bank partnership model	87,936,005	57,551,005	107,072
Collaboration cost for sales partners	(343,508,143)	(320,826,549)	(425,736,650)
Net interest and fees income after collaboration cost	775,941,596	683,300,494	614,578,787
Provision for credit losses, net of increase in guaranteed recoverable assets	(177,282,998)	(238,084,863)	298,467,893
Provision for cost method investment	(5,907,577)
Net interest and fees income after collaboration cost and provision	592,751,021	445,215,631	913,046,680
Realized gains on sales of investments, net	6,548,484	20,566,672	19,170,436
Net losses on sales of loans	(17,190,545)	(44,554,948)	(479,584,775)
Other gains, net	4,847,597	89,914,038	22,061,842
Total non-interest (losses)/income	(5,794,464)	65,925,762	(438,352,497)
Operating expenses
Employee compensation and benefits	(204,573,389)	(197,035,872)	(211,168,519)
Share-based compensation expenses	(7,517,349)	(5,774,266)	(18,766,367)
Taxes and surcharges	(31,343,671)	(35,890,761)	(35,729,101)
Operating lease cost	(16,366,797)	(13,966,943)	(14,764,364)
Other expenses	(121,520,772)	(85,889,497)	(100,500,388)
Total operating expenses	(381,321,978)	(338,557,339)	(380,928,739)
Income before income tax expense	205,634,579	172,584,054	93,765,444
Income tax expense	(41,017,018)	(37,232,643)	(28,557,980)
Net income	¥ 164,617,561	¥ 135,351,411	¥ 65,207,464
Earnings per share
Basic (in Yuan Renminbi per share)	¥ 0.12	¥ 0.1	¥ 0.05
Diluted (in Yuan Renminbi per share)	¥ 0.11	¥ 0.09	¥ 0.05
Other comprehensive (losses)/income
Foreign currency translation adjustment	¥ 867,116	¥ 15,181,518	¥ (6,936,969)
Comprehensive income	165,484,677	150,532,929	58,270,495
Less: net income attributable to non-controlling interests	19,377,314	970,379
Total comprehensive income attributable to ordinary shareholders	¥ 146,107,363	¥ 149,562,550	¥ 58,270,495

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity - CNY (¥)	Ordinary shares	Treasury Stock	Additional paid-in capital	Accumulated other comprehensive (losses)/ income	Retained earnings	Non-controlling interest	Total
Balance at Dec. 31, 2020	¥ 916,743		¥ 999,662,882	¥ (18,456,546)	¥ 2,759,127,799		¥ 3,741,250,878
Net income					65,207,464		65,207,464
Foreign currency translation adjustment				(6,936,969)			(6,936,969)
Share-based compensation			18,766,367				18,766,367
Balance at Dec. 31, 2021	916,743		1,018,429,249	(25,393,515)	2,824,335,263		3,818,287,740
Repurchase of treasury stock		(87,631,475)					(87,631,475)
Net income					134,381,032	970,379	135,351,411
Foreign currency translation adjustment				15,181,518			15,181,518
Share-based compensation			5,774,266				5,774,266
Contributions from non-controlling interests						50,750,000	50,750,000
Balance at Dec. 31, 2022	916,743	(87,631,475)	1,024,203,515	(10,211,997)	2,958,716,295	51,720,379	3,937,713,460
Repurchase of treasury stock		(30,691,070)					(30,691,070)
Net income					145,240,247	19,377,314	164,617,561
Foreign currency translation adjustment				867,116			867,116
Share-based compensation			7,517,349				7,517,349
Contributions from non-controlling interests						71,514,091	71,514,091
Acquisition of interests in consolidated VIEs from non-controlling interests						(142,611,784)	(142,611,784)
Balance at Dec. 31, 2023	¥ 916,743	¥ (118,322,545)	¥ 1,031,720,864	¥ (9,344,881)	¥ 3,103,956,542		¥ 4,008,926,723

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CNY (¥)		12 Months Ended
Consolidated Statements of Cash Flows - CNY (¥)		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income		¥ 164,617,561	¥ 135,351,411	¥ 65,207,464
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		177,282,998	238,084,863	(298,467,893)
Provision for cost method investment		5,907,577
Depreciation and amortization		1,753,032	2,244,279	3,821,788
Share-based compensation expenses		7,517,349	5,774,266	18,766,367
Net losses on disposal of property and equipment		147,644	30,742	328,262
Net loss on disposal of non-marketable equity securities		1,524,159
Foreign exchange gains	[1]	(3,589,629)	(7,355,135)	(786,080)
Deferred tax benefit		(16,493,414)	(133,913,450)	(190,009,905)
Net losses on sale of loans		17,190,545	44,554,948	479,584,775
Profit and loss arising from fair value changes		5,765,113	362,855	(1,101,669)
Loans held-for-sale:
Originations and purchases		(629,040,509)	(585,434,771)	(453,880,066)
Proceeds from sales and paydowns of loans originally classified as held-for-sale		1,896,137,537	1,549,993,492	1,006,876,340
Changes in operating assets and liabilities:
Deposits		(18,020,425)	11,860,799	(42,902,327)
Guarantee deposits		(142,002,003)	(168,790,845)	(74,680,000)
Credit risk mitigation position		234,530,494	6,203,644	138,720,288
Other operating assets		15,130,538	(167,193,614)	(30,875,632)
Other operating liabilities		(12,597,823)	(12,520,372)	69,090,594
Net cash provided by operating activities		1,705,760,744	919,253,112	689,692,306
Cash flows from investing activities:
Loans originated, net of principal collected		(3,040,754,719)	(2,556,903,189)	(2,839,526,077)
Proceeds from sales of investment securities		2,973,911,087	9,002,171,357	8,956,466,358
Proceeds from disposal of non-marketable equity securities		3,400,000		10,000,000
Proceeds from disposal of subsidiaries			50,000,000
Proceeds from disposal of property and equipment and intangible assets		38,909	319,539	550,673
Proceeds from sales of loans		1,202,955,909	1,088,433,960	1,022,025,709
Purchased loans with credit deterioration		(640,283,653)
Purchases of investment securities		(2,868,678,085)	(8,567,330,149)	(9,496,275,212)
Purchases of non-marketable equity securities			(25,000,000)
Purchases of property, equipment and intangible assets		(114,503,257)	(89,889,341)	(3,805,766)
Net cash used in investing activities		(2,483,913,809)	(1,098,197,823)	(2,350,564,315)
Cash flows from financing activities:
Proceeds from interest-bearing borrowings		10,402,258,233	6,082,283,165	7,068,023,900
Proceeds from contributions from non-controlling shareholders		71,514,091	50,750,000
Repurchase of ordinary shares		(30,691,070)	(87,631,475)
Repayment of interest-bearing borrowings		(9,294,928,900)	(6,333,557,940)	(5,135,443,638)
Acquisition of interests in consolidated VIEs from non-controlling interests		(142,611,784)
Net cash provided by/(used in) financing activities		1,005,540,570	(288,156,250)	1,932,580,262
Net increase/(decrease) in cash, cash equivalents and restricted cash		227,387,505	(467,100,961)	271,708,253
Cash, cash equivalents and restricted cash at the beginning of year		1,772,184,145	2,231,437,361	1,960,922,758
Effect of exchange rate change on cash, cash equivalents and restricted cash		2,030,770	7,847,745	(1,193,650)
Cash, cash equivalents and restricted cash at the end of year		2,001,602,420	1,772,184,145	2,231,437,361
Supplemental disclosures of cash flow information:
Income taxes paid, net of refunds		63,458,446	139,205,940	153,494,369
Interest expense paid		¥ 726,293,220	¥ 792,794,985	¥ 832,735,000

[1]The changes of foreign exchange gain are mainly due to exchange rate changes in cash and cash equivalents held by the Group, including US dollar account and Hong Kong dollar account.

Description of Business, Organi

Description of Business, Organization, and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Description of Business, Organization, and Basis of Presentation [Abstract]
Description of Business, Organization, and Basis of Presentation	1. Description of Business, Organization, and Basis of Presentation CNFinance Holdings Limited (“CNFinance”), through its controlled subsidiaries and consolidated variable interest entities (collectively, referred to hereinafter as the “Group”) in the People’s Republic of China (“PRC”), primarily provides micro credit loan services for micro and small-enterprise (“MSE”) owners, loan facilitation and post-facilitation and guarantee services for the commercial banks, and loan lending agency service for financial institutions. The Group’s main funding resources are equity and borrowings from third parties. The loans are granted through its licensed micro credit subsidiaries in Beijing, Shenzhen and Chongqing directly, or the structured funds funded with the Group as general partners. Home equity loans were secured by residential or commercial real estate as of December 31, 2022 and December 31, 2023. In December 2018, the Group began to explore a new collaboration model to mitigate credit risks (“collaboration model”) and started to record the business under this model. Under such model, the Group is able to develop a financial services platform that matches various parties to lend resources at competitive rates. Those parties include sales partners who introduce borrowers from particular jurisdictions, trust companies that administer funds, and the loan borrowers who has financial needs for their business operations. The sales partners are nationwide mid-or-small companies that have local risk assessment capabilities. The collaboration model requires the sales partners to place a security deposit called credit risk mitigation positions (“CRMP”) which could be confiscated by the Group when loans are defaulted. The loan borrowers who are introduced by the sales partners are MSE owners who have properties that can be used as collateral. In the event of loans issued to the borrowers acquired under such collaboration model are in default, the respective sales partners who introduced such borrowers will share the credit risks with the Group by choosing from the following options, including (i)(1) full repayment to the Group for the total unpaid principal and accrued and overdue interests under the respective loan agreement on behalf of the borrower and acquiring respective credit rights, (i)(2) repayment in instalments to the Group for the total unpaid principal and accrued and overdue interests under the respective loan agreement on behalf of the borrower and acquiring respective credit rights under each instalments; (ii) repayment to the Group for the unpaid principal and accrued and overdue interests under the respective loan agreement on behalf of the borrower, and if the borrower pays the payments under the loan agreement, the repayment by the sales partner on behalf of the borrower will be refunded to the sales partner; or (iii) relinquishing the respective credit risk mitigation positions (“CRMPs”) for such loan. The Group also has started to collaborate with commercial banks since 2021 and such collaboration grew and scaled in the second half of 2022. Under the commercial bank partnership model, the Group provides loan facilitation services (covering matching of commercial banks to borrowers and facilitating the execution of loan agreement between commercial banks and borrowers), post-facilitation services (covering cash processing services and collection services), and guarantee services for the off–balance sheet loans. In 2023, the Group started to introduce sales partners under the commercial bank partnership model as well. Basis of preparation The consolidated financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”). Investment in significant subsidiaries for the year ended December 31, 2023 Name of company Place and date of incorporation/ establishment Registered Issued and fully paid up capital Percentage of Principal Direct Indirect Sincere Fame International Limited British Virgin Islands 1,230,434 1,230,434 100 % - Investment Holding China Financial Services Hong Kong 100,000,000 100,000,000 - 100 % Investment Holding Fanhua Chuang Li Information Technology (Shenzhen) Co., Ltd. the PRC 400,000,000 400,000,000 - 100 % Investment Holding Shenzhen Fanhua United Investment Group the PRC 250,000,000 250,000,000 - 100 % Investment Holding Guangzhou Anyu Mortgage Consulting Co., Ltd. the PRC 2,220,000 2,220,000 - 100 % Micro credit Chongqing Fengjie Financial Advisory Co., Ltd. the PRC 500,000 500,000 - 100 % Financial consultancy Guangzhou Chengze Information Technology Co., Ltd. the PRC 3,000,000 3,000,000 - 100 % Software development and maintenance Chongqing Liangjiang New Area Fanhua Micro-credit Co., Ltd. the PRC 30,000,000 30,000,000 - 100 % Micro credit Shenzhen Fanhua Micro-credit Co., Ltd. the PRC 300,000,000 300,000,000 - 100 % Micro credit Name of company Place and date of establishment Registered Issued and fully paid up capital Percentage of equity attributable to the Group Principal activities Direct Indirect Shenzhen Fanhua Fund Management Services Co., Ltd. the PRC 5,000,000 5,000,000 - 100 % Company register service Guangzhou Heze Information Technology Co., Ltd. the PRC 20,000,000 20,000,000 - 100 % Software development and maintenance Beijing Lianxin Chuanghui Information Technology Co., Ltd. the PRC 10,000,000 10,000,000 - 100 % Software development and maintenance Shenzhen Fanlian Investment Co., Ltd. the PRC 30,000,000 30,000,000 - 100 % Investment Holding Fanhua Financial Leasing (Shenzhen) Co., Ltd. the PRC USD 10,000,000 10,000,000 - 100 % Business Shenzhen Fanhua Chengyu Finance Service Co., Ltd. the PRC 10,000,000 10,000,000 - 100 % Labor outsourcing services Beijing Fanhua Qilin Capital Management Co., Ltd. the PRC 100,000,000 10,000,000 - 96 % Asset Management Shijiazhuang Fanhua Financial Advisory the PRC 2,000,000 - - 100 % Financial Consultancy Name of company Place and date of incorporation/ Registered Issued Percentage of equity Principal Direct Indirect Nantong Shenfanlian Enterprise Management Co., Ltd. 南通深泛联企业管理 the PRC RMB 5,000,000 - - 100 % Enterprise Management Shenzhen Fancheng 深圳泛诚商业运营管理合伙企业有限合伙 the PRC RMB 500,000,000 RMB 34,550,000 - 100 % Enterprise Management Fanxiaoxuan Cultural 泛小宣文化传媒广州有限公司 the PRC RMB 1,000,000 - - 100 % Enterprise Management Guangzhou Fanze Information Technology Co., Ltd. the PRC RMB 10,000,000 - - 100 % Software development and maintenance Langfang Fanhua Technology Co., Ltd. the PRC RMB 200,000 - - 100 % Software development and maintenance Shenyang Fanhua Financial Advisory Co., Ltd. the PRC RMB 1,000,000 - - 100 % Financial consultancy Lanzhou Fanhua Enterprise Information Advisory Co., Ltd. the PRC RMB 200,000 - - 100 % Enterprise Management Name of company Place and date of Registered Issued Percentage of Principal Direct Indirect Haikou Fanhua Financial Advisory Co., Ltd. the PRC RMB 1,000,000 - - 100 % Financial consultancy Ganzhou Shenzhen Fanlian Financial Advisory Co., Ltd. the PRC RMB 1,000,000 - - 100 % Financial consultancy Fanhua Jinfu (Foshan) Co., Ltd. the PRC RMB 200,000,000 - - 100 % Financial consultancy Guangzhou Nansha Weisen Technology Co., Ltd the PRC RMB 500,000 - - 100 % Software development and maintenance Wuxi Shenzhen Fanlian Enterprise Management Co., Ltd. the PRC RMB 500,000 - - 100 % Enterprise Management Ningbo Lianyi Technological Advisory Co., Ltd. the PRC RMB 50,000,000 - - 100 % Financial consultancy Variable interest entities (“VIEs”) An entity is a variable interest entity (VIE) if it meets the criteria outlined in Accounting Standards Codification (ASC) Topic 810, Consolidation, which are (i) the entity has equity that is insufficient to permit the entity to finance its activities without additional subordinated financial support from other parties; or (ii) the entity has equity investors that cannot make significant decisions about the entity’s operations or that do not absorb their proportionate share of the entity’s expected losses or expected returns. The Group consolidates a VIE when it has both the power to direct the activities that most significantly impact the VIE’s economic performance and a right to receive benefits or the obligation to absorb losses of the entity that could be potentially significant to the VIE (that is, the Group is the primary beneficiary). In addition to variable interests held in consolidated VIEs, the Group has variable interests in other VIEs that are not consolidated because the Group is not the primary beneficiary. However, these VIEs and all other unconsolidated VIEs are monitored by the Group to assess whether any events have occurred to cause its primary beneficiary status to change. All other entities not deemed to be VIEs with which the Group has involvement are evaluated for consolidation under other subtopics of ASC 810. In the normal course of business, the Group engages in a variety of activities with VIEs. The Group determines whether it is the primary beneficiary of a VIE at the time it becomes involved with the variable interest entity and reconsiders that conclusion continually. In evaluating whether the Group is the primary beneficiary, the Group evaluates its economic interests in the entity. If the Group is determined to be the primary beneficiary of a VIE, it must account for the VIE as a consolidated subsidiary. If the Group is determined not to be the primary beneficiary of a VIE, such VIE is not consolidated. The Group has segregated its involvement with VIEs between those VIEs which are consolidated and those VIEs which are not consolidated. Consolidated VIEs Structured funds The Group grants loans to customers through structured funds set up by trust companies. The assets of the structured funds can only be used to settle obligations of consolidated VIEs. The cash of structured funds represents that funds established by the institutional trust companies through segregated bank accounts, including structured funds that are partially funded by the Group’s own capital. The cash and cash equivalents of structured funds amounted to RMB1,157,244,687 and RMB1,474,221,741 as of December 31, 2022 and 2023 respectively can only be used to grant loans. The Group is general partner of the funds, promising the expected returns for limited partners, and providing credit strengthening on the loans to customers under the funds. The Group is also the manager of the funds, having the approval role for the loan origination and modification within the structured funds. The Group is the primary beneficiary of the funds as it has the power to direct the activities that most significantly impact the economic performance of the funds and it has obligation to absorb losses of the funds that could potentially be significant to the funds or the right to receive benefits from the funds that could potentially be significant to the funds. The structured funds are not income taxpayers according to PRC income tax law. The Group consolidates the structured funds as it is the primary beneficiary of the funds as of December 31, 2022 and 2023. The table sets forth the investments in the consolidated VIEs by the Group as of December 31, 2023. Name of the consolidated VIEs Place and date of Principal Jinghua Structured Fund 6 the PRC Micro credit Bohai Trust Shenfanlian Micro Finance Structured Fund the PRC Micro credit Bohai Huihe SME Structured Fund the PRC Micro credit Beijing Fanhua Micro-credit Company Limited the PRC Micro credit Zhonghai Lanhai Structured Fund 1 the PRC Micro credit Bohai Trust No.1 Huiying Structured Fund the PRC Micro credit Bohai Trust No.2 Shenzhen Fanhua United Structured Fund the PRC Micro credit Jinghua Structured Fund 1 the PRC Micro credit Hunan Structured Fund 2019-1 the PRC Micro credit Hunan Structured Fund 2019-2 the PRC Micro credit Shaanxi International Xinglong Structured Fund 1-1 the PRC Micro credit Shaanxi International Xinglong Structured Fund 2-1 the PRC Micro credit Name of the consolidated VIEs Place and date of Principal No. 50 Jinghua Structured Fund 外贸信托菁华号资管计划 the PRC Micro credit No. 70 Jinghua Structured Fund 外贸信托菁华号资管计划 the PRC Micro credit Shaanxi International Xinglong Structured Fund 22-1 陕国投·兴隆号集合资金信托计划 the PRC Micro credit No. 74 Jinghua Structured Fund 外贸信托菁华号资管计划 the PRC Micro credit Hunan Structured Fund 2020-1 湖南信托集合资金信托计划 the PRC Micro credit Shaanxi International Xinglong Structured Fund 2-2 陕国投·兴隆号集合资金信托计划 the PRC Micro credit Zhonghai Lanhai Structured Fund 30-X 中海信托蓝海号集合资金信托计划 the PRC Micro credit Bohai Trust 2020 Pucheng No. 75 渤海信托· 普诚号集合资金信托计划 the PRC Micro credit Guomin Tianshu Structured Fund 2-1 国民信托·天枢号单一资金信托 the PRC Micro credit Shenzhen Fanshu Information Technology Advisory Partnership (Limited Partnership). 深圳泛枢信息技术咨询合伙企业（有限合伙） the PRC Micro credit Shenzhen Lianshu Economic Information Technology Advisory Partnership (Limited Partnership) 深圳联枢经济信息技术咨询合伙企业（有限合伙） the PRC Micro credit Shenzhen Ruishu Economic Information Technology Advisory Partnership (Limited Partnership) 深圳瑞枢经济信息技术咨询合伙企业（有限合伙） the PRC Micro credit Name of the consolidated VIEs Place and date of Principal activities Tianjin Ninghua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Shengshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Chengshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Xuanshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Tianjin Juehua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Zhongrong Yuanshuo No.1 Structured Fund the PRC Micro credit Guangzhou Mingsheng Capital Management Partnership (Limited Partnership) The PRC Micro credit Tianjin Baihua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Bohai Trust 2021 Pucheng No. 83 渤海信托·2021普诚83号集合资金信托计划 the PRC Micro credit Zhongrong Yuanshuo No.2 Structured Fund the PRC Micro credit Shenzhen Huashu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Leshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Zijin No.3 Business Acceleration Structured Fund the PRC Micro credit Zhongliang Hongrui No.1 Structured Fund the PRC Micro credit Zhongrong Yuanshuo No.3 Structured Fund the PRC Micro credit Tianjin Pinhua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Name of the consolidated VIEs Place and date of Principal Shenzhen Zeshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Hunan Caixin - Zhongliang - Hongxin Universal Benefit No. 1 the PRC Micro credit Shenzhen Mingshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit No.51 Jinghua Structured Fund the PRC Micro credit No.2 Jinghua Structured Fund the PRC Micro credit Guangzhou Ming Hao Investment Partnership (Limited Partnership) the PRC Micro credit Zhongliang Trust Plan- Hongjun No. 1 the PRC Micro credit Zhongliang Trust Plan-Honghao No. 1 the PRC Micro credit Zhongliang Trust Plan- Hongmeng No. 1 the PRC Micro credit Zhongliang Trust Plan- Hongji No. 1 the PRC Micro credit The table sets forth the assets and liabilities of the consolidated VIEs included in the Group’s consolidated balance sheets after elimination of intercompany transactions and balances: December 31, December 31, RMB RMB Cash, cash equivalents and restricted cash 1,265,876,948 1,510,686,015 Net loans principal, interest and financing service fees receivables 8,181,420,091 8,415,130,321 Loans held-for-sale 1,122,309,299 1,296,708,106 Investment securities 205,711,749 21,545,271 Deferred tax assets - 384,801 Other assets 873,978,254 896,921,865 Total assets 11,649,296,341 12,141,376,379 Interest-bearing borrowings 7,727,559,337 8,231,826,368 Income taxes payable 902,734 1,030,049 Deferred tax liabilities 15,863 - Other liabilities 144,368,848 232,896,540 Total liabilities 7,872,846,782 8,465,752,957 The table sets forth the results of operations of the VIEs included in the Group’s consolidated statements of comprehensive income: Year ended December 31 2021 2022 2023 RMB RMB RMB Revenue 1,298,055,332 1,437,398,097 1,352,486,176 Net income 579,742,472 381,273,670 495,371,047 The table sets forth the cash flows of the VIEs included in the Group’s consolidated statements of cash flows: Year ended December 31 2021 2022 2023 RMB RMB RMB Net cash (used in)/provided by operating activities (1,571,552,463 ) 939,802,714 1,292,343,388 Net cash used in investing activities (633,511,824 ) (812,396,284 ) (1,282,239,529 ) Net cash provided by/(used in) financing activities 2,682,931,827 (377,573,931 ) 234,705,208

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies (a) Principles of consolidation The accompanying consolidated financial statements include the financial statements of the Group. All intercompany transactions and balances have been eliminated in consolidation. The Group accounts for investments over which it has significant influence but not a controlling financial interest using the equity method of accounting. Non-controlling interests Non-controlling interests are recognized to reflect the portion of the equity of majority-owned subsidiaries and VIEs which is not attributable, directly or indirectly, to the controlling shareholder. (b) Currency translation for financial statements presentation The Group uses Renminbi (“RMB”) as its reporting currency. The United States Dollar (“USD”) is the functional currency of the Company incorporated in Cayman and the Group’s subsidiary Sincere Fame International Limited incorporated in British Virgin Islands, and the Hong Kong Dollar (“HKD”) is the functional currency of the Group’s subsidiary China Financial Services Group Limited incorporated in Hong Kong and the RMB is the functional currency of the Group’s PRC subsidiaries. The financial statements of the Group are translated from the functional currency to the reporting currency, RMB. Assets and liabilities of the subsidiaries are translated into RMB using the exchange rate in effect at each balance sheet date. Income and expenses items are generally translated at the average exchange rates prevailing during the fiscal year. Foreign currency translation adjustments arising from these are accumulated as a separate component of shareholders’ deficit on the consolidated financial statements. The resulting exchange differences are recorded in the consolidated statements of other comprehensive income/(losses). (c) Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include, allowance for credit losses on loans principal, interest and financing service fee receivables, debt securities, guarantee assets, the valuation allowance for deferred tax assets, unrecognized tax benefits, the indefinite reinvestment assertion and the fair value of short term investments and share-based compensation. (d) Revenue recognition Interest and financing service fees on loans which are amortized over the contractual life of the related loans are recognized in consolidated statements of comprehensive income in accordance with ASC 310 using the effective interest method. The Group considered relevant accounting guidance and concluded that arrangements for its guarantee services provided for its off-balance sheet loans under commercial bank partnership model are out of scope of ASC 606, Revenue from Contracts with Customers. Therefore, “Gains/losses from guarantee liabilities” included in “Net revenue under commercial bank partnership model” on the Consolidated Statements of Comprehensive income should be accounted for in accordance with ASC 460, Guarantees. The other revenue streams under commercial bank partnership model are accounted for in accordance with ASC 606. The criteria of revenue recognition as they relate to each of the following major revenue generating activities are described below: (i) Interest and financing service fees on loans Interest and financing service fees on loans, which include financing service fees on loans, are collected from borrowers for loans and related services. Interest and financing service fees on loans include the amortization of any discount or premium or differences between the initial carrying amount of an interest-bearing asset and its amount at maturity calculated using the effective interest basis. The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating the interest and financing service fees on loans over the years. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument. When calculating the effective interest rate, the Group estimates cash flows considering all contractual terms of the financial instrument but does not consider future credit losses. Interest on the individually evaluated financial assets is recognized using the rate of interest used to discount future cash flows. (ii) Interest income on debt securities Interest income on debt securities is calculated by applying the effective interest rate to the gross carrying amount of debt securities to unrelated companies plus any interest received from corporate debt securities. (iii) Interest income charged to sales partners In the event of loans issued to the borrowers are in default, one of the sales partners options is to repurchase the defaulted loan in instalments. Interest income charged to sales partners is calculated by applying the total unpaid principal and the accrued overdue interests of defaulted loans plus deferred interest as stated in the collaboration agreement. (iv) Revenue under commercial bank partnership model In accordance with the relevant guidance in ASC Topic 606, the amounts associated with guarantee services under commercial bank partnership model is within the scope of ASC Topic 460 and should be accounted for in accordance with the provisions of that Topic. The services not within the scope of other Topics should be accounted for in accordance with the remaining provisions of ASC Topic 606 and the applicable revenue recognition guidance. The Group considers loan facilitation services under commercial bank partnership model (covering matching of commercial banks to borrowers and facilitating the execution of loan agreement between commercial banks and borrowers) and post-facilitation services under commercial bank partnership model (covering cash processing services and collection services) as two distinctive performance obligations in accordance with ASC Topic 606. The transaction price is first allocated to guarantee services under commercial bank partnership model, if any, which is recorded at fair value and recognized amortized during the guarantee term in accordance with ASC Topic 460. Then the remaining considerations are allocated to the loan facilitation services and post-facilitation services under commercial bank partnership model using their relative standalone selling prices. When estimating total consideration, the Group considers early termination scenarios based on historical early payment and other termination scenarios as the Group can not receive the full contractual service fee amount under early termination, given the service fee is collected on a pro-rata basis upon early loan termination. Such service fee is determined to be variable consideration that meets the “probable of not reversing” threshold. As such, the Group recognizes revenue related to early termination based on its best estimate and true up adjustments are made from time to time. The Group does not have observable standalone selling price for the loan facilitation services or post-facilitation services because it does not provide loan facilitation services or post-facilitation services on a standalone basis in similar circumstances to similar customers. There is no direct observable standalone selling price for similar services in the market that is reasonably available to the Group. The Group uses an expected cost plus margin approach to estimate the standalone selling prices of loan facilitation services and post facilitation services as the basis of revenue allocation. When estimating the selling prices, the Group considers the cost related to such services, profit margin, customer demand, effect of competition on services, and other market factors, among which estimates of the cost of providing the services is the most significant. The transaction price allocated to loan facilitation services is recognized as revenue upon execution of loan agreements between commercial banks and borrowers; the consideration allocated to post-facilitation services is recognized over the period of the loan on a straight-line method, which approximates the pattern of when the underlying services are performed. Remaining performance obligations represents the amount of the transaction price for which services have not been performed under post-facilitation services. The Group collects service fees monthly. The aggregate amounts of the transaction price allocated to performance obligations that are unsatisfied pertaining to post-origination services were RMB67.08million RMB17.53million (v) Realized gains/(losses) on sales of investments Realized gains/(losses) consist of realized gains and losses from the sale of investment securities, presented on a net basis. (vi) Net gains/(losses) on sales of loans Net gains/(losses) on sales of loans refer to any gains and losses from the disposal of loans which is accounted for as a sale under ASC 860. (vii) Gains on confiscation of CRMPs Gains on confiscation of credit risk mitigation positions are recognized to the extent confiscated CRMPs exceed previously recognized allowance for credit losses and guarantee asset when sales partners surrender the CRMPs and the obligation of refunding the CRMPs is released. (e) Loans (i) On-balance sheet loans Loans are reported at their outstanding principal balances net of any unearned income and unamortized deferred fees and costs. Loan origination fees and certain direct origination costs are generally deferred and recognized as adjustments to income over the lives of the related loans. The Group facilitates credit to borrowers through structured funds which are considered as consolidated VIEs and the Group evaluated VIEs for consolidation in accordance with ASC 810 in the Consolidated VIEs Section of Note 1. Providing credit strengthening arrangement since March 2018 for the loans to customers under the funds is one of the key factors to determine that the Group should consolidate the structured funds as it is the primary beneficiary of the funds. As a result, the loan principal remains on the Group’s consolidated balance sheets, whilst the funds received from senior tranches holders are recorded as Other Borrowings in the Group’s consolidated balance sheets as disclosed in Note 12(b)(i). Non-accrual policies Loans principal, interest and financing service fee receivables are placed on non-accrual status when payments are 90 days contractually past due. When a loan principal, interest and financing service fee receivable is placed on non-accrual status, interest and financing service fees accrual cease. If the loan is non-accrual, the cost recovery method is used and cash collected is applied to first reduce the carrying value of the loan. Otherwise, interest income may be recognized to the extent cash is received. Loans principal, interest and financing service fee receivables may be returned to accrual status when all of the borrower’s delinquent balances of loans principal, interest and financing service fee have been settled and the borrower continue to perform in accordance with the loan terms for a period of at least six months. Charge-off policies For the years ended December 31, 2022 and 2023, the charge-off policies in Group are presented as follows: Principal, interest and financing service fee receivables are charged down to net realizable value (fair value of collaterals, less estimated costs to sell) when the Group has determined the remaining balance is uncollectable after exhausting all collection efforts. In order to comply with ASC 310 and ASC 326, the Group considers loans principal, interest and financing service fee receivables meeting any of the following conditions as uncollectable and charged-off: (i) death of the borrower; (ii) identification of fraud, and the fraud is officially reported to and filed with relevant law enforcement departments; (iii) sales of loans to third parties; (iv) settlement with the borrower, where the Group releases irrecoverable loans through private negotiations with the borrower where the borrower cannot repay the loan in full through self-funding or voluntary sale of the collateral; (v) disposal through legal proceedings, including but not limited to online arbitrations, judicial auctions and court enforcements; or (vi) loans are 180 days past due unless both well-secured and in the process of collection. Allowance for credit losses Allowance for credit losses represents management’s best estimate of probable losses inherent in the portfolio. Commencing January 1, 2020, CNFinance adopted ASC 326, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which replaced the incurred loss methodology for determining the provision for credit losses and allowance for credit losses with a current expected credit loss methodology (“ACL”), which is based on past events, current conditions and reasonable and supportable forecasts over the life of the loans. ASC 326 defines the ACL as a valuation account that is deducted from the amortized cost of a financial asset to present the net amount that management expects to collect on the financial asset over its expected life. All financial assets carried at amortized cost are in the scope of ASC 326, while assets measured at fair value are excluded. The allowance for credit losses is adjusted each period for changes in expected lifetime credit losses. The ACL includes collectively evaluated (“collective ACL”) and individually evaluated (“individual ACL”) allowance for credit losses. The Group aggregates loans sharing similar risk characteristics into pools for purposes of measuring expected credit losses. Pools are reassessed periodically to confirm that all loans within each pool continue to share similar risk characteristics. Expected credit losses for loans that do not share similar risk characteristics with other financial assets are measured individually. The collective ACL is measured based on loans that share similar risk characteristics and includes both quantitative and qualitative components. The collective ACL utilizes probability of default (PD) and loss given default (LGD) models, and is the product of multiplying PD, LGD, and exposure at default (EAD) for nondelinquent loans, delinquent loans within 90 days. The PD is computed based on the historical delinquency data, adjusted for a macroeconomic forecast, which considers selected economic variables and the weighting of multiple macroeconomic forecast scenarios over the life of the loans. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, gross-domestic product, total retail sales of consumer goods and urban per capita disposable income and are updated at least quarterly. The LGD model considers historical loss experience period. The qualitative component of the collective ACL represents the Group’s judgment of additional considerations to account for external risk factors that are not adequately measured in the quantitative component of the collective ACL, including consideration of idiosyncratic risk factors, conditions that may not be reflected in quantitatively derived results, or other relevant factors. The ACL for financial assets held at amortized cost is a valuation account that is deducted from, or added to, the amortized cost basis of the financial assets to present the net amount expected to be collected. When credit expectations change, the valuation account is adjusted with changes reported in provision for credit losses. If amounts previously charged off are subsequently expected to be collected, the Group may recognize a negative allowance, which is limited to the amount that was previously charged off. The individual ACL is estimated on an individual basis for loans whose payments are contractually past due more than 90 days or do not share similar risk characteristics. A financial asset is collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. When a collateral-dependent financial asset is probable of foreclosure, the Group will utilize the discounted cash flow (“DCF”) model, and is determined by comparing the amortized cost with the present value of the projected cashflow for the underlying collateral. The projected cashflow is calculated based on fair value of collateral provided by third-party appraisers, adjusted for the estimated disposal discounts on the collateral and cost to sell. Under the trust lending model, when the Group grants a loan through a trust plan, the loan is with the borrower and guarantee is entered into with a separate counterparty (the sales partner). As such, under the definition of ASC 326-20-20, the guarantee arrangement and lending arrangement would be considered freestanding arrangements. As sale partners will provide guarantee of the entire loan to the Group, collection for loss is probable and estimable when a loss on an insured loan is incurred and recognized. In this case, the Group will recognize guarantee loss recoverable asset in the amount that the Group determines is probable to receive from the guarantor with an offsetting entry to “provision for credit losses” when the Group concludes that the loss recovery is collectible. However, potential recovery that exceeds the recognized loss, if any, (gain contingency) will not be recognized until cash is received. Therefore, the amounts estimated to be recoverable from the proceeds of guarantees will be reported as a separate asset (guarantee asset) in the balance sheet. The increase in guaranteed recoverable assets are included in the income statement as a reduction of the “provision for credit losses”, separate disclosure of the increase in guaranteed recoverable assets is included in the roll forward of the “allowance for credit losses”. The income statement caption was disclosed as “Provision for credit losses, net of increase in increase in guaranteed recoverable assets”. Loans held-for-sale Loans held-for-sale are measured at the lower of cost or fair value, with valuation changes recorded in noninterest revenue. The valuation is performed on an individual loan basis. Loan origination fees or costs and purchase price discounts or premiums are deferred in a contra loan account until the related loan is sold. The deferred fees or costs and discounts or premiums are adjustments to the basis of the loan and therefore are included in the periodic determination of the lower of cost or fair value adjustments. The loan is derecognized if the Group does not retain any risk and rewards after transferring the loan. Such transfer would be recorded as sales according to ASC 860-10-40-5. At the time of derecognition, any related allowance for credit losses is released. Gains and losses on loans transfer as a sale are recognized in the non-interest income. (ii) Off-balance sheet loans For loans funded by the proceeds from third-party commercial banks, each underlying loan and borrower has to be approved by the third-party commercial banks individually. Once the loan is approved by and originated by the third-party commercial bank, the fund is provided by the third-party commercial bank to the borrower and a lending relationship between the borrower and the third-party commercial bank is established through a loan agreement. Effectively, the Group offers loan facilitation services to the borrowers who have credit needs and the commercial banks who originate loans directly to borrowers referred by the Group. The Group continues to provide post-facilitation services to the borrowers over the term of the loan agreement. Under this scenario, the Group determines that it is not the legal lender or borrower in the loan origination and repayment process. Accordingly, the Group does not record loans principal, interest and financing service fee receivables arising from these loans nor interest-bearing borrowings to the third-party commercial banks. Under the commercial bank partnership model, when the third-party commercial banks grant loans, the Group provides guarantee services to commercial banks and takes on all of the credit risk of the borrowers. Also, if the loan is referred to the Group by a separate counterparty (the sales partner), the credit risk of the borrower will be transferred to the sales partner. As such, under the definition of ASC 326-20-20, the guarantee arrangement between the third-party commercial banks and the Group and between the Group and the sales partner would be considered freestanding arrangements. As sale partners will provide guarantee of the entire loan to the Group, collection for loss is probable and estimable when a loss on an insured loan is incurred and recognized. In this case, the Group will recognize guarantee loss recoverable asset in the amount that the Group determines is probable to receive from the guarantor with an offsetting entry to “provision for credit losses” when the Group concludes that the loss recovery is collectible. However, potential recovery that exceeds the recognized loss, if any, (gain contingency) will not be recognized until cash is received. Therefore, the amounts estimated to be recoverable from the proceeds of guarantees will be reported as a separate asset (guarantee asset) in the balance sheet. The income statement caption was disclosed as “Provision for credit losses, net of increase in increase in guaranteed recoverable assets”. (f) Cash, cash equivalents and restricted cash Cash and cash equivalents primarily consist of cash, deposits which are highly liquid and all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Group considers highly liquid investments that are readily convertible to known amounts of cash. Restricted cash are cash and cash equivalents that are not readily available for normal disbursement and mainly represents cash and cash equivalents from structured funds. Such restricted cash is not available to fund the general liquidity needs of the Group and could only be used to grant new loans and activities as mentioned in Note 1. (g) Investment securities Short term investments Short term investments consist of wealth management products. Short term investments are recorded at fair value and included in the profit and loss of changes in fair value. Realized gains and losses from the sale of short term investments are determined on a specific identification basis and are recorded as realized gains/(losses) on sales of investments. Interest and investment income are recognized when earned. Debt securities Debt securities consist of held-to-maturity debt securities that the Group has the positive intent and ability to hold the security to maturity and are recorded at amortized cost. The Group reviews its investments in held-to-maturity debt securities for impairment periodically, recognizing an allowance, if any, by applying an estimated loss rate. The Group considers available quantitative and qualitative evidence in evaluating the potential impairment of its investments in held-to-maturity debt securities. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the held-to-maturity debt securities. Convertible bonds The Group has elected the fair value option for investment in convertible bonds in accordance with ASC Subtopic 825-10 (“ASC 825-10”), Recognition and Measurement of Financial Assets and Financial Liabilities. The financial instruments guidance in ASC 825-10 permits reporting entities to apply the fair value option on an instrument-by-instrument basis. The investments accounted for under the fair value option are carried at fair value with realized gains or losses recorded in “Realized gains on sales of investments, net” and unrealized gains or losses recorded in “other gains, net” on the consolidated statements of comprehensive income/(loss). (h) Property and equipment Property and equipment are stated at cost. Depreciation on equipment is calculated on the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the economic useful life of the improvement or the term of the lease. The estimated useful life of office and other equipment range from 1 to 5 years, the estimated useful life of leasehold improvements or the term of the lease range from 1 to 6 years, while the estimated useful lives of motor vehicles range from 3 to 8 years. (i) Goodwill Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Impairment tests for cash-generating units containing goodwill The Group assesses goodwill for impairment at the reporting unit level at least annually and more frequently upon the occurrence of certain events. The Group has the option to assess qualitative factors first to determine whether it is necessary to perform the two-step test. If the Group believes, as a result of the qualitative assessment, that it is more-likely-than-not that the fair value of the reporting unit is less than its carrying amount, the two-step quantitative impairment test described above is required. Otherwise, no further testing is required. In the qualitative assessment, the Group considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations. In performing the two-step quantitative impairment test, the first step compares the carrying amount of the reporting unit to the fair value of the reporting unit based on either quoted market prices of the ordinary shares or estimated fair value using a combination of the income approach and the market approach. If the fair value of the reporting unit exceeds the carrying value of the reporting unit, goodwill is not impaired and the Group is not required to perform further testing. If the carrying value of the reporting unit exceeds the fair value of the reporting unit, then the Group must perform the second step of the impairment test in order to determine the implied fair value of the reporting unit’s goodwill. The fair value of the reporting unit is allocated to its assets and liabilities in a manner similar to a purchase price allocation in order to determine the implied fair value of the reporting unit goodwill. If the carrying amount of the goodwill is greater than its implied fair value, the excess is recognized as an impairment loss. Goodwill is related to the acquisition of Guangzhou Anyu Mortgage Consulting Co., Limited (“Guangzhou Anyu”) (j) Intangible assets Indefinite-lived intangible assets are assets that are not amortized because there is no foreseeable limit to cash flows generated from them. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives. The Group categorizes trademarks as indefinite-lived intangible assets, whose carrying value is RMB2.97 million. If it is more likely than not that the asset is impaired, the Group records the amount that the carrying value exceeds the fair value as an impairment expense. The Group performed its annual impairment review of indefinite-lived intangible assets on December 31, 2022 and 2023 and determined that it is more likely than not that the carrying value was less than the fair value. Intangible assets with finite useful lives represent software and cooperation agreements, the estimated useful lives of which are 1 to 3 years and 3 years, respectively. (k) Income taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the deferred tax assets or liabilities are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured as the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group classifies interest and penalties related to income taxes as income tax expense. (l) Employee benefit plans Pursuant to relevant PRC regulations, the Group is required to make contributions to various employee benefit plans organized by municipal and provincial PRC governments. The contributions are made for each PRC employee at statutory rates as determined by local social security bureau. Contributions to the employee benefit plans are charged to the consolidated statements of income. The Group has no obligations for payment of pension benefits associated with the plans beyond the amount it is required to contribute. (m) Long-lived assets Long-lived assets, such as property and equipment, and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Group first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market value and third-party independent appraisals, as considered necessary. (n) Share-based compensation The Group measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the period the employee is required to provide service in exchange for the award, which generally is the vesting period. The Group recognizes compensation cost using a front-loading approach for an award with only service conditions that have a graded vesting schedule over the requisite service period for the entire award, net of estimated forfeitures, provided that the cumulative amount of compensation cost recognized at any date at least equals the portion of the grant-date value of such award that is vested at that date. Forfeiture rates are estimated based on historical and future expectations of employee turnover rates. (o) Operating leases Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. The Group’s lease liability is measured at the present value of future operating lease payments, discounted using the incremental borrowing rate. Right of use asset is measured at the amount of lease liabilities plus prepaid rent and direct costs, less any lease incentives. The operating lease expense is recognized on a straight-line basis over the lease term. Certain of the operating lease agreements contain rent holidays, which are considered in determining the straight-line operating lease expense to be recorded over the lease term. (p) Guarantee liabilities Starting from 2021, the Group started to cooperate with third-party financing guarantee corporations that provides guarantee services to commercial banks. Ac

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2023
Fair Value Measurements [Abstract]
Fair value measurements	3 Fair value measurements Fair Value Hierarchy FASB ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a hierarchy of fair value inputs. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income or cost approach, as specified by FASB ASC 820, are used to measure fair value. Assets recorded at fair value on a recurring basis mainly include marketable securities. Additionally, from time to time, the Group records fair value adjustments on a nonrecurring basis. These nonrecurring adjustments typically involve application of the lower of cost or fair value (“LOCOM”) accounting, write-downs of individual assets or application of the measurement alternative for non-marketable equity securities. Fair Value Measurements A description of the valuation techniques applied to the Group’s major categories of assets and liabilities measured at fair value is as follows. The Group determines fair value primarily based on pricing sources with reasonable levels of price transparency. Where quoted prices are available in an active market, the Group classifies the assets and liabilities within Level 1 of the valuation hierarchy. If quoted market prices are not available, fair value is primarily determined using pricing models using observable trade data, market data, quoted prices of securities with similar characteristics or discounted cash flows. Such instruments would generally be classified within Level 2 of the valuation hierarchy. The following table presents the Group’s fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2022 and 2023. December 31, 2023 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Wealth management products 146,486,668 22,202,910 124,283,758 - Convertible bonds 35,499,500 - - 35,499,500 Total 181,986,168 22,202,910 124,283,758 35,499,500 December 31, 2022 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Wealth management products 244,337,727 206,304,763 38,032,964 - Convertible bonds - - - - Total 244,337,727 206,304,763 38,032,964 - The following table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022 and 2023. December 31, 2023 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Assets Loans (1) 28,016,224 - 28,016,224 - Loans held-for-sale (2) 2,471,413,744 - 2,471,413,744 - Equity securities (3) 38,178,264 - 38,178,264 - Total Assets 2,537,608,232 - 2,537,608,232 - Liabilities Guarantee liabilities (4) 57,132,678 - - 57,132,678 Total Liabilities 57,132,678 - - 57,132,678 December 31, 2022 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Assets Loans (1) 61,835,456 - 61,835,456 - Loans held-for-sale (2) 1,844,438,134 - 1,844,438,134 - Equity securities (3) 49,010,000 - 49,010,000 - Total Assets 1,955,283,590 - 1,955,283,590 - Liabilities Guarantee liabilities (4) 82,385,089 - - 82,385,089 Total Liabilities 82,385,089 - - 82,385,089 (1) Loans are recorded at amortized cost, while the Group records nonrecurring fair value adjustments to reflect partial write-downs that are based on the observable market price of the loan or current appraised value of the collateral. (2) Loans held-for-sale are held at LOCOM which may be written down to fair value on a nonrecurring basis. (3) Non-marketable equity securities are accounted for using the measurement alternative and can be subject to nonrecurring fair value adjustments to record impairment. (4) Guarantee liabilities are accounted for stand-ready guarantee liabilities of the Group’s guarantee services for its off-balance sheet loans under the commercial bank partnership model at fair value. During the years ended December 31, 2022 and 2023, there were no transfers between instruments in Level 1 and Level 2.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	12 Months Ended
Cash, Cash Equivalents and Restricted Cash	Dec. 31, 2023
Cash, Cash Equivalents and Restricted Cash [Abstract]
Cash, cash equivalents and restricted cash	4 Cash, cash equivalents and restricted cash Cash and cash equivalents represent cash on hand and bank deposits. To limit exposure to credit risk relating to bank deposits, the Group primarily places bank deposits with large financial institutions in the PRC with acceptable credit rating. As of December 31, 2022 and 2023, the Group had cash balances at one and one PRC individual financial institutions, respectively, that held cash balances in excess of 10% of the Group’s total cash balances. These bank deposits collectively accounted for 56.4% and 66.8% of the Group’s total cash balances as of December 31, 2022 and 2023, respectively. The nominal holders of certain bank accounts of the Group are employees of the Group. The Group has entered into agreements with these employees which stipulate that the funds held in these bank accounts are owned and managed by the Group. Cash balances of such accounts collectively accounted for 0.31% and 0.02% of the Group’s total cash balances as of December 31, 2022 and 2023, respectively. Restricted cash represents cash and cash equivalents from structured funds, which are established by the institutional trust companies through segregated bank accounts, including structured funds that are partially funded by the Group’s own capital. Restricted cash amounted to RMB1,157,244,687 and RMB1,474,221,741 as of December 31, 2022 and 2023 respectively, which can only be used to grant loans and is not available to fund the general liquidity needs of the Group.

Loans Principal, Interest and F

Loans Principal, Interest and Financing Service Fee Receivables	12 Months Ended
	Dec. 31, 2023
Loans Principal, Interest and Financing Service Fee Receivables [Abstract]
Loans principal, interest and financing service fee receivables	5 Loans principal, interest and financing service fee receivables Note December 31, December 31, RMB RMB Home equity loans: (a) 8,993,547,621 9,189,524,787 Loans principal, interest and financing service fee receivables Less: allowance for credit losses (i) - Individually evaluated (12,247,836 ) (39,913,947 ) - Collectively evaluated (727,055,237 ) (685,916,740 ) Subtotal (739,303,073 ) (725,830,687 ) Net loans principal, interest and financing service fee receivables of home equity loan 8,254,244,548 8,463,694,100 Corporate loans: (e) Loans principal, interest and financing service fee receivables 463,254,567 626,229,041 Less: allowance for credit losses (24,693,114 ) (55,964,409 ) Net loans principal, interest and financing service fee receivables of corporate loan 438,561,453 570,264,632 Net loans principal, interest and financing service fee receivables 8,692,806,001 9,033,958,732 (a) Home equity loans December 31, 2022 December 31, 2023 Note First lien Second lien Subtotal First lien Second lien Subtotal RMB RMB RMB RMB RMB RMB Loans principal, interest and financing service fee receivables 3,360,094,375 5,633,453,246 8,993,547,621 3,477,208,979 5,712,315,808 9,189,524,787 Less: allowance for credit losses (i) - Individually evaluated (3,836,350 ) (8,411,486 ) (12,247,836 ) (13,099,754 ) (26,814,193 ) (39,913,947 ) - Collectively evaluated (286,300,001 ) (440,755,236 ) (727,055,237 ) (272,173,960 ) (413,742,780 ) (685,916,740 ) Subtotal (290,136,351 ) (449,166,722 ) (739,303,073 ) (285,273,714 ) (440,556,973 ) (725,830,687 ) Net loans principal, interest and financing service fee receivables 3,069,958,024 5,184,286,524 8,254,244,548 3,191,935,265 5,271,758,835 8,463,694,100 (i) Allowance for credit losses The allowance for credit losses for home equity loans as of December 31, 2023 was RMB725 million, a decrease from RMB739 million at December 31, 2022. The decrease in the allowance for credit losses on home equity loans was primarily driven by a decrease in delinquency ratio and a favorable macroeconomic environment, specifically, gross-domestic product increased from 2.9% in December 31, 2022 to 5.2% in December 31, 2023, total retail sales of consumer goods increased from -1.8% in December 31, 2022 to 7.4% in December 31, 2023, and urban per capita disposable income increased from 3.9% in December 31, 2022 to 5.1% in December 31, 2023. The table below presents the components of allowances for credit losses for loans principal, interest and financing service fee receivables by impairment methodology with the recorded investment as of December 31, 2022 and 2023. December 31, 2023 Allowance for credit losses Allowance for credit losses First lien Second lien Subtotal First lien Second lien Subtotal Total RMB RMB RMB RMB RMB RMB RMB As of January 1 286,300,001 440,755,236 727,055,237 3,836,350 8,411,486 12,247,836 739,303,073 Provision for credit losses (9,998,235 ) 3,075,268 (6,922,967 ) 16,910,650 28,005,798 44,916,448 37,993,481 Charge-offs (51,262 ) (258,155 ) (309,417 ) (20,447,394 ) (25,852,778 ) (46,300,172 ) (46,609,589 ) (Decrease)/Increase in guaranteed recoverable assets (4,076,544 ) (29,829,569 ) (33,906,113 ) 4,240,046 2,358,226 6,598,272 (27,307,841 ) Recoveries - - - 8,560,102 13,891,461 22,451,563 22,451,563 As of December 31 272,173,960 413,742,780 685,916,740 13,099,754 26,814,193 39,913,947 725,830,687 Net loans principal, interest and financing service fee receivables 3,156,893,741 5,244,998,702 8,401,892,443 35,041,524 26,760,133 61,801,657 8,463,694,100 Recorded investment 3,429,067,701 5,658,741,482 9,087,809,183 48,141,278 53,574,326 101,715,604 9,189,524,787 December 31, 2022 Allowance for credit losses on loans collectively evaluated Allowance for credit losses on loans individually evaluated First lien Second lien Subtotal First lien Second lien Subtotal Total RMB RMB RMB RMB RMB RMB RMB As of January 1 357,239,453 557,131,501 914,370,954 32,968,721 28,511,176 61,479,897 975,850,851 Provision for credit losses (8,058,972 ) (19,852,708 ) (27,911,680 ) 72,834,526 98,794,363 171,628,889 143,717,209 Charge-offs (1,318,568 ) - (1,318,568 ) (7,843,977 ) (44,833,079 ) (52,677,056 ) (53,995,624 ) Decrease in guaranteed recoverable assets (61,561,912 ) (96,523,557 ) (158,085,469 ) (102,009,203 ) (87,525,498 ) (189,534,701 ) (347,620,170 ) Recoveries - - - 7,886,283 13,464,524 21,350,807 21,350,807 As of December 31 286,300,001 440,755,236 727,055,237 3,836,350 8,411,486 12,247,836 739,303,073 Net loans principal, interest and financing service fee receivables 3,036,599,198 5,127,455,016 8,164,054,214 33,358,826 56,831,508 90,190,334 8,254,244,548 Recorded investment 3,322,899,199 5,568,210,252 8,891,109,451 37,195,176 65,242,994 102,438,170 8,993,547,621 The Group charges off loans principal, interest and financing service fee receivables if the remaining balance is considered uncollectable. Recovery of loans principal, interest and financing service fee receivables previously charged off would be recorded when received. For the description of the Group’s related accounting policies of allowance for credit losses, see Note 2(e) Loans. The following tables present the aging of allowance for credit losses as of December 31, 2023. Total current 1 - 30 days 31 - 90 days 91 - 180 days Total loans RMB RMB RMB RMB RMB First lien 129,317,384 68,099,373 74,757,203 13,099,754 285,273,714 Second lien 216,620,880 93,622,706 103,499,194 26,814,193 440,556,973 Allowance for credit losses 345,938,264 161,722,079 178,256,397 39,913,947 725,830,687 The following tables present the aging of allowance for credit losses as of December 31, 2022. Total current 1 - 30 days 31 - 90 days 91 - 180 days Total loans RMB RMB RMB RMB RMB First lien 116,931,309 82,519,839 86,848,853 3,836,350 290,136,351 Second lien 217,523,905 118,193,115 105,038,216 8,411,486 449,166,722 Allowance for credit losses 334,455,214 200,712,954 191,887,069 12,247,836 739,303,073 (b) Loan delinquency and non-accrual details The following tables provides information on delinquency, which is the primary credit quality indicator for loan principal and financing service fee receivables as of December 31, 2023. Total 1 - 30 days 31 - 90 days 91 - 180 days 181 - 270 days 271 - 360 days 361 days Total Total RMB RMB RMB RMB RMB RMB RMB RMB RMB First lien 2,871,408,359 287,844,375 269,814,967 28,055,593 5,119,297 5,309,947 9,656,441 3,477,208,979 48,141,278 Second lien 4,888,992,128 395,912,366 373,836,988 41,784,891 4,009,534 2,479,591 5,300,310 5,712,315,808 53,574,326 Loans principal, interest and financing service fee receivables 7,760,400,487 683,756,741 643,651,955 69,840,484 9,128,831 7,789,538 14,956,751 9,189,524,787 101,715,604 The following tables provides information on delinquency, which is the primary credit quality indicator for loan principal and financing service fee receivables as of December 31, 2022. Total 1 - 30 days 31 - 90 days 91 - 180 days 181 - 269 days 270 - 360 days 361 days Total Total RMB RMB RMB RMB RMB RMB RMB RMB RMB First lien 2,623,540,867 359,502,111 339,856,221 11,173,004 4,686,900 2,446,894 18,888,378 3,360,094,375 37,195,176 Second lien 4,642,390,047 515,066,306 410,753,899 16,756,322 22,661,421 9,951,192 15,874,059 5,633,453,246 65,242,994 Loans principal, interest and financing service fee receivables 7,265,930,914 874,568,417 750,610,120 27,929,326 27,348,321 12,398,086 34,762,437 8,993,547,621 102,438,170 Loans principal, interest and financing service fee receivables are placed on non-accrual status when payments are 90 days contractually past. Any interest accrued on non-accrual loans is reversed at 90 days and charged against current earnings, and interest is thereafter included in earnings only to the extent actually received in cash. When there is doubt regarding the ultimate collectability of principal, all cash receipts are thereafter applied to reduce the recorded investment in the loan. (c) Non-accrual loans (1) Non-accrual loans summary Recorded investment Unpaid Non-accrual loans Non-accrual loans with related allowance for credit losses Non-accrual loans without related allowance for credit losses Related allowance for credit losses RMB RMB RMB RMB RMB First lien 42,315,372 48,141,278 27,245,188 20,902,542 13,099,754 Second lien 49,134,017 53,574,326 40,927,852 12,640,022 26,814,193 As of December 31, 2023 91,449,389 101,715,604 68,173,040 33,542,564 39,913,947 First lien 32,981,329 37,195,176 8,776,965 28,418,212 3,836,350 Second lien 62,134,501 65,242,994 15,257,298 49,985,695 8,411,486 As of December 31, 2022 95,115,830 102,438,170 24,034,263 78,403,907 12,247,836 Individually evaluated loans are those loans where the Group, based on current information and events, believes it is probable all amounts due according to the contractual terms of the loan will not be collected. All amounts due according to the contractual terms means that both the contractual interest payments and the contractual principal payments of a loan will be collected as scheduled in the loan agreement. Individually evaluated loans without an allowance generally represent loans that the fair value of the underlying collateral meets or exceeds the loan’s amortized cost. (2) Average recorded investment in non-accrual loans Year ended December 31, 2022 Year ended December 31, 2023 Average recorded investment Interest and fees income recognized Average recorded investment Interest and fees income recognized RMB RMB RMB RMB First lien 73,035,747 82,191,331 55,368,819 118,164,396 Second lien 78,248,017 83,791,498 74,194,759 135,686,886 Non-accrual loans 151,283,764 165,982,829 129,563,578 253,851,282 (i) Average recorded investment represents ending balance for the last four quarters and does not include the related allowance for credit losses. (ii) The interest and fees income recognized are those interest and financing service fees recognized related to Individually evaluated loans. All the amounts are recognized on cash basis. No debt restructuring in which contractual terms of loans are modified, has occurred during 2022 and 2023. The Group transferred loans with carrying amounts of RMB2,375,645,263 and RMB3,090,579,581 to unrelated third party investors and recorded the transfers as sales for the years ended December 31, 2022 and 2023, respectively. The Group recognized net losses of RMB44,554,948 and RMB17,190,545 from transfers accounted for as sales of loans for the years ended December 31, 2022 and 2023, respectively. The Group carries out pre-approval, review and credit approval of loans by professionals for credit risk arising from micro credit business. During the post-transaction monitoring process, the Group conducts a visit of customers regularly after disbursement of loans and conducts on-site inspection when the Group considers it is necessary. The review focuses on the status of the collateral. The Group adopts a loan risk classification approach to manage the loan portfolio risk. Loans are classified as collectively evaluated and individually evaluated based on the different risk characteristics. When one or more events demonstrates there is objective evidence of changes in risk characteristics and causes losses, corresponding loans are considered to be classified as individually evaluated. The individually evaluated component is calculated on an individual basis for the loans whose payments are contractually past due more than 90 days or which do not share similar risk characteristics. The Group applies a series of criteria in determining the classification of loans. The loan classification criteria focus on a number of factors, including (i) the borrower’s ability to repay the loan; (ii) the borrower’s repayment history; (iii) the borrower’s willingness to repay; (iv) the net realizable value of any collateral; and (v) the prospect for the support from any financially responsible guarantor. The Group also takes into account the length of time for which payments of principal and interest on a loan are overdue. (d) Loans held-for-sale Loans held-for-sale are measured at the lower of cost or fair value, with valuation changes recorded in noninterest revenue. The valuation is performed on an individual loan basis. Loans transferred to held-for-sale category were RMB1,844,438,134 and RMB2,471,413,744 as of December 31, 2022 and 2023, respectively. (e) Corporate loans Corporate loans are unsecured loans granted to unrelated entities in order to fulfil their normal operating and capital requirement. Loans principal, interest and financing service fee receivables of corporate loan were RMB463,254,567 and RMB626,229,041 as of December 31, 2022 and December 31, 2023 and the Allowance for credit losses assessed on a collective basis were RMB24,693,114 as of December 31, 2022 and RMB55,964,409 as of December 31, 2023, respectively.

Investment Securities

Investment Securities	12 Months Ended
Investment Securities	Dec. 31, 2023
Investment Securities [Abstract]
Investment Securities	6 Investment securities Investment securities consist of short term investments , Note December 31, December 31, RMB RMB Short term investments (a) 244,337,727 146,486,668 Debt securities (b) 274,306,834 231,922,043 Convertible bonds (c) - 35,499,500 Total 518,644,561 413,908,211 (a) Short term investments The carrying amount and fair value of the investment securities by major security type and class of security as of December 31, 2022 and 2023 was as follows: Aggregate Profits and Aggregate RMB RMB RMB As of December 31, 2023: Wealth management products 151,456,194 (4,969,526 ) 146,486,668 Total 151,456,194 (4,969,526 ) 146,486,668 Aggregate Profits and Aggregate RMB RMB RMB As of December 31, 2022: Wealth management products 243,542,140 795,587 244,337,727 Total 243,542,140 795,587 244,337,727 Wealth management products are investment products issued by commercial banks and other financial institutions in China. The wealth management products invest in a pool of liquid financial assets in the interbank market or exchange, including debt securities, asset backed securities, interbank lending, reverse repurchase agreements and bank deposits. (b) Debt securities The debt securities are in the form of an investment in partnerships, made in December 2021 and 2022 and held- to-maturity corporate debt securities purchased in 2022. The partnership will return RMB10,000,000 to the Group quarterly, along with an 8% interest. The principal and interests are required to be fully repaid within 3 years. The investment has an amortized cost of RMB286,077,339 and RMB237,171,123 with an allowance for credit loss of RMB15,248,938 and RMB8,195,326 for the years ended December 31 2022 and 2023 respectively. The held-to-maturity debt securities have an amortized cost of RMB4,198,055 and RMB4,510,285 with an allowance for credit loss of RMB719,622 and RMB1,564,039 for the years ended December 31 2022 and 2023 respectively. The Group has the intent and ability to hold the investments to maturity or payoff. (c) Convertible bonds As of November 20, 2023, the Group invested in the convertible bonds of US$5,000,000 of CNF FAMILY OFFICE LIMITED, an unrelated party company, which is accounted for at the fair value option The fair value of the convertible bonds as at December 31, 2023 has not changed significantly from its date of investment. The convertible bonds are equivalent to RMB35,499,500 as of December 31, 2023.

Property and Equipment

Property and Equipment	12 Months Ended
Property and Equipment	Dec. 31, 2023
Property and Equipment [Abstract]
Property and equipment	7 Property and equipment December 31, December 31, RMB RMB Office and other equipment 18,167,730 20,395,676 Leasehold improvements 16,904,137 16,192,039 Motor vehicles 2,372,413 3,095,131 Less: accumulated depreciation (35,160,018 ) (31,523,896 ) Total 2,284,262 8,158,950 Total depreciation expense for the years ended December 31, 2022 and 2023 was RMB1,722,640 and RMB1,234,129, respectively, which were recorded in other expenses in each year.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
Intangible Assets and Goodwill	Dec. 31, 2023
Intangible Assets and Goodwill [Abstract]
Intangible assets and goodwill	8 Intangible assets and goodwill Note December 31, December 31, RMB RMB Intangible assets (a) 3,487,733 3,014,944 (a) Intangible assets December 31, 2022 December 31, 2023 Gross Accumulated Net carrying Gross Accumulated Net carrying RMB RMB RMB RMB RMB RMB Amortized intangible assets: Software 10,793,974 (10,276,241 ) 517,733 10,383,659 (10,338,715 ) 44,944 Cooperation agreement 5,030,000 (5,030,000 ) - 5,030,000 (5,030,000 ) - Total amortized intangible assets 15,823,974 (15,306,241 ) 517,733 15,413,659 (15,368,715 ) 44,944 Unamortized intangible assets: Trademarks 2,970,000 2,970,000 As of December 31, 2022 and 2023, accumulated amortization was RMB15,306,241 and RMB15,368,715 respectively. Below table provides the current year and estimated future amortization expense for amortized intangible assets. The Group based its projections of amortization expense shown below on existing asset balances as of December 31, 2023. Future amortization expense may vary from these projections. Software RMB Year ended December 31, 2023(actual) 518,903 Estimate for year ended December 31, 2024 23,581 2025 14,242 2026 7,121 2027 - 2028 -

Deposits

Deposits	12 Months Ended
Deposits	Dec. 31, 2023
Deposits [Abstract]
Deposits	9 Deposits Deposits include security deposits to landlords of rental premises and deposits to the China Trust Protection Fund. In accordance with relevant rules of the China Trust Protection Fund, 1% of the size of trust plans subscribed is deposited in the Fund.

Guaranteed Assets

Guaranteed Assets	12 Months Ended
Guaranteed Assets	Dec. 31, 2023
Guaranteed Assets [Abstract]
Guaranteed assets	10 Guaranteed assets As described in Note 13, sales partners submit CRMPs to the Group as a guarantee for the loans under the collaboration model. When allowance for credit losses is recognized and accrued, the Group will evaluate if the loan increase in guaranteed recoverable assets guaranteed by the CRMPs is probable and estimable. If the increase in guaranteed recoverable assets is probable and estimable, the amount guaranteed by the CRMPs is recognized as guaranteed assets.

Other Assets

Other Assets	12 Months Ended
Other Assets	Dec. 31, 2023
Other Assets [Abstract]
Other assets	11 Other assets Note December 31, December 31, RMB RMB Guarantee deposits (i) 243,470,845 385,472,848 Receivables from sales of loans (ii) 32,469,152 269,284,889 Prepayments (iii) 126,002,874 278,261,279 Purchased loans with credit deterioration (iv) - 135,274,471 Receivables for default guarantee payments (v) 31,022,975 4,171,474 Receivables from loan facilitation service (vi) 49,963,322 71,113,890 Receivables of guarantee service (vii) 97,552,160 57,030,910 Non-marketable equity securities (viii) 49,010,000 38,178,264 Amounts due from employees (ix) 3,120,120 5,172,406 Other receivables 37,277,452 30,130,988 Total 669,888,900 1,274,091,419 (i) Guarantee deposits are deposits that the Group provided, through Guangdong Nanfeng Financial Guarantee Group Co., Ltd (“Guangzhou Nanfeng”), a company that holds a financial guarantee license, for loans granted (a) under its consolidated VIE Zhonghai Lanhai Structured Fund 30-X, which is not structured in a stratified way and requires guarantee from a third party, and (b) under the cooperation with commercial banks for loan facilitation, post-facilitation and guarantee services, refer to Note 2(e)(ii) Off-balance sheet loans. (ii) As mentioned in Note 5, the Group transferred the delinquent loans to third parties so that the Group could collect the payment more quickly than to simply dispose the collaterals through litigation. The loan is derecognized if the Group does not retain any risk and rewards after transferring the loan. Such transfer would be recorded as sales according to ASC 860-10-40-5. There is no constrain on the transferee’s rights to pledge or exchange, and the Group will not maintain effective control on the transferred loans for which the transferred loans are accounted for as sales without repurchase agreements. As of December 31, 2023, the Group transferred loans with balances amounting to RMB478,204,375 to Guangzhou Restructuring No.1 Investment Center (Limited Partnership) for transfer price of RMB232,093,576. (iii) Prepaid accounts mainly include litigation fees, rent, water, electricity and property management and network charges prepaid in the daily operation of the Group. Another important component is the prepayment of building purchase. In 2022, CNFinance entered into a contract with a third-party company for the purchase of commercial properties as office buildings for its own use. As of December 31, 2023, the Group has paid RMB151,111,771 as agreed in the contract and this amount is being recognized in the account prepaid, as the building is not delivered. (iv) The purchased loans with credit deterioration are overdue loans repurchased at par value by the Group from commercial banks under the commercial bank partnership model. In 2023, the Group started purchasing loans with credit deterioration, totaling RMB727,469,577. As of 31 December 2023, the purchased loans with credit deterioration amounted to RMB196,663,638 and allowance for credit loss amounted to RMB61,389,167. The amount of loans disbursed in 2021, 2022 and 2023 is RMB229,396, RMB98,544,251, and RMB97,889,991, respectively. The following tables provides information on delinquency, which is the primary credit quality indicator for purchased loans with credit deterioration as of December 31, 2023. 31 - 90 days 91 - 180 days 181 - 270 days Total RMB RMB RMB RMB Purchased loans with credit deterioration 134,956,909 44,444,750 17,261,979 196,663,638 The table below sets forth the movement of allowance for credit loss for the years ended December 31, 2023: 2023 RMB As of January 1 - Provision for credit losses 74,133,669 Charge-offs (12,744,502 ) Recoveries - As of December 31 61,389,167 (v) Under the commercial bank partnership model when a borrower is overdue for a certain number of days, the Group pays interest to the bank on behalf of the borrower, which is subsequently charged to the borrower, and this amount accounts for the receivables for default guarantee payments. (vi) Under the commercial bank partnership model, the Group provides loan facilitation services and post-facilitation services. (vii) Under the commercial bank partnership model, the Group calculates the guarantee obligation and recognizes the guarantee fee receivable. (viii) The measurement alternative is selected for the non-marketable equity securities. Under the measurement alternative, the equity securities without readily determinable fair value are measured at cost minus impairment and adjusted for changes in observable prices. In June 2016, the Group invested 10,003,334 shares at RMB3.00 per share, which represents 2.14% of the paid-in capital, in Guangdong Qingyuan Rural Commercial Bank (“Qingyuan Rural”). The Group transferred 2 million shares to an unrelated third party at RMB3.00 per share which is same as the investment cost on September 18, 2019. Qingyuan Rural paid stock dividends of 224,093 shares and 61,705 shares on April 28, 2022 and April 27, 2023, respectively, and the Group’s cost of investment decreased from RMB3.00 per share to RMB2.90 per share. The Group transferred 1.7 million shares to an unrelated third party at RMB2.00 per share and recognized an investment loss of RMB1,524,159 for RMB2.90 per share on December 26, 2023. As of December 31, 2023, the Group has invested RMB19,085,841 in Qingyuan Rural. Due to the change in observable price in 2023, the Group recognized an impairment of RMB5,907,577 based on most recent transaction price of RMB2.00 per share. In January 2022, the Group and Guangzhou Minghui set up Guangzhou Mingfeng Partnership (“Guangzhou Mingfeng”). The total paid-in capital was RMB40,000,000 and the Group has invested RMB25,000,000 in Guangzhou Mingfeng as limited partner. No change in observable price has been identified and no impairment has been recorded for the two years of 2022 and 2023. (ix) Amounts due from employees mainly include temporary advances to employees for payments on behalf of the Group.

Interest-Bearing Borrowings

Interest-Bearing Borrowings	12 Months Ended
Interest-Bearing Borrowings	Dec. 31, 2023
Interest-Bearing Borrowings [Abstract]
Interest-bearing borrowings	12 Interest-bearing borrowings (a) Borrowings under agreements to repurchase Financial assets sold under agreements to repurchase are effectively short-term collateralized borrowings. In these transactions, the Group receives cash in exchange for transferring financial assets as collateral and recognizes an obligation to reacquire the financial assets for cash at the transaction’s maturity. These types of transactions create risks, including (1) fair value of the financial assets transferred may decline below the amount of obligation to reacquire the financial assets, and therefore create an obligation to pledge additional amounts, or to replace collaterals pledged, and (2) the Group does not have sufficient liquidity to repurchase the financial assets at the transaction’s maturity. Note Fixed interest rate per annum Term December 31, December 31, RMB RMB Repurchase agreements Funds obtained from financial institutions (i) 10.0% to 13.8 % Within 2 years 111,593,865 681,556,262 Interest payable to financial institutions (i) 1,048,145 5,025,192 Total repurchase agreements 112,642,010 686,581,454 Funds obtained from financial institutions In 2022, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB28,238,219 to an unrelated third-party transferee, Guangdong Yuehai Asset Management Co., Ltd. (“Yuehai Asset”), with a 10.0% to 10.5% per annum rate of return. In 2023, among all the transferred loan principals, interests and financing service fee receivables, a portion of them with carry amount of RMB1,818,219 is settled and repurchased back by the Group. In addition, the Group transferred additional loan principals, interests and financing service fee receivables with carrying amount of RMB31,110,000 to Yuehai Asset with a 10.5% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase the remaining loan principals which are not matured two years after the date of transfer. As of December 31, 2023, the amount of funds obtained from Yuehai Asset and the interest payable are RMB11,139,809 and RMB99,021, respectively. In 2022, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB5,965,977 to an unrelated third-party transferee, Pingan Puhui Lixin Asset Management Co., Ltd (“Pingan Puhui”), with a 13.8% per annum rate of return. In 2023, the Group transferred additional loan principals, interests and financing service fee receivables with carrying amount of RMB78,506,284 to Pingan Puhui, with a 12.8% to13.8% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase: (a) the transferred loans which become overdue more than 360 days; (b) the remaining loan principals which are not matured upon the end of the term of the transfer. As of December 31, 2023, the amount of funds obtained from Pingan Puhui and the interest payable are RMB66,130,175 and RMB1,767,661, respectively. In 2022, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB113,053,053 to an unrelated third-party transferee, China Foreign Economy and Trade Trust Co.,Ltd (“FOTIC”), with a 12.5% per annum rate of return. In 2023, the Group transferred additional loan principals, interests and financing service fee receivables with carrying amount of RMB1,442,034,780 to FOTIC, with a 11.5% to 12.5% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase: (a) the transferred loans which become overdue more than 913 days; (b) the remaining loan principals which are not matured upon the end of the term of the transfer. As of December 31, 2023, the amount of funds obtained from FOTIC and the interest payable are RMB374,412,943 and RMB721,525, respectively. In 2023, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB60,330,828 to an unrelated third-party transferee, Shanghai Xingbo Enterprise Management Partnership (Limited Partnership) (“Shanghai Xingbo”), with a 12.5% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase the remaining loan principals which are not matured two years after the date of transfer. As of December 31, 2023, the amount of funds obtained from Shanghai Xingbo and the interest payable are RMB20,974,932 and RMB805,748, respectively. In 2023, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB143,964,403 to an unrelated third-party transferee, Zhonghai Trust Co.,Ltd. (“Zhonghai Trust”), with a 11.3% to 13.2% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase: (a) the transferred loans which become overdue more than 720 days; (b) the remaining loan principals which are not matured upon the end of the term of the transfer. As of December 31, 2023, the amount of funds obtained from Zhonghai Trust and the interest payable are RMB82,865,791 and RMB78,521, respectively. In 2023, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB206,493,005 to an unrelated third-party transferee, Cofco Trust Co. Ltd. (“Cofco Trust”), with a 11.5% to 12.3% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase if the repayment of the transferred loans is not satisfactory for which the payback of the pledged assets is less than 10%, 20%, 30% and 70% of the initial remaining principal amount of the pledged assets at the agreed date. As of December 31, 2023, the amount of funds obtained from Cofco Trust and the interest payable are RMB97,233,503 and RMB1,012,120, respectively. In 2023, the Group transferred loan principals, interests and financing service fee receivables with carrying amount of RMB56,038,750 to an unrelated third-party transferee, Changzhou Huitong Investment Co. (“Changzhou Huitong”), with a 11.5% to 13.0% per annum rate of return. However, in accordance with ASC 860, Transfers and Servicing, the right to earnings is not derecognized upon transfer as the Group is required to repurchase the remaining loan principals which are not matured two years after the date of transfer. As of December 31, 2023, the amount of funds obtained from Changzhou Huitong and the interest payable are RMB28,799,109 and RMB540,596, respectively. December 31, December 31, RMB RMB Underlying collateral types of gross obligations Repurchase agreements: Loans principal, interest and financing service fee receivables 111,593,865 681,556,262 Total repurchase agreements 111,593,865 681,556,262 The below table provides the contractual maturities of the gross obligations under repurchase agreements. Overnight Up to 30 30 to 90 Greater than Total gross RMB RMB RMB RMB RMB Repurchase agreements As of December 31, 2023 - - - 681,556,262 681,556,262 As of December 31, 2022 - - - 111,593,865 111,593,865 (b) Other borrowings Other borrowings Note Fixed interest Term December 31, December 31, RMB RMB Short-term: Investors of consolidated VIEs (i) 5.1% to 9.7 % Less than 1 year 5,675,480,078 6,428,349,468 Long-term: Investors of consolidated VIEs (i) 5.5% to 10.2 % 1 - 5 years 1,991,623,976 1,679,000,689 Commercial bank A (ii) 4.5 % 10 years - 74,870,833 Commercial bank B (iii) 4.1 % 30 years - 22,250,000 Interest payable to Investors of consolidated VIEs (i) 60,455,283 39,144,391 Total 7,727,559,337 8,243,615,381 (i) The financial liabilities arising from the VIEs with underlying investments in loans to customers are classified as payable in these consolidated financial statements. It is because the Group has an obligation to pay senior tranches holders upon maturity dates based on the related terms of those consolidated structured funds. As of December 31, 2023, the borrowings from VIEs have principal RMB8,107,350,157, bearing interests from 5.1% to 10.2% per year. (ii) In December 2023, the Group entered into a 10-year loan agreement with a commercial bank in the PRC, with total principal of RMB75,500,000. The borrowing bear annual interest rate of 4.5% in 2023 and were secured by the Group’s recently purchased office buildings. As of December 31, 2023, the outstanding loan principal was RMB74,870,833. (iii) In November 2023, the Group entered into a 30-year loan agreement with a commercial bank in the PRC, with total principal of RMB22,250,000. The borrowing bear annual interest rate of 4.1% and were secured by the Group’s recently purchased real estate property. As of December 31, 2023, the outstanding loan principal was RMB22,250,000. Aggregate annual maturities of long-term borrowing obligations (based on final maturity dates) are as follows: December 31, 2023 2024 2025 2026 2027 2028 Thereafter Total RMB RMB RMB RMB RMB RMB RMB Investors of consolidated VIEs - 1,240,300,000 98,400,000 2,350,689 - 337,950,000 1,679,000,689 Commercial bank A 7,550,000 7,550,000 7,550,000 7,550,000 7,550,000 37,120,833 74,870,833 Commercial bank B 386,388 402,531 419,349 436,869 455,121 20,149,742 22,250,000 Total 7,936,388 1,248,252,531 106,369,349 10,337,558 8,005,121 395,220,575 1,776,121,522 December 31, 2022 2023 2024 2025 2026 2027 Thereafter Total RMB RMB RMB RMB RMB RMB RMB Investors of consolidated VIEs - 1,084,492,735 237,055,841 13,075,400 - 657,000,000 1,991,623,976 Total - 1,084,492,735 237,055,841 13,075,400 - 657,000,000 1,991,623,976 (c) Pledged assets The Group pledges certain assets to secure borrowings under agreements to repurchase and other borrowings. The table provides the total carrying amounts of pledged assets by asset types . December 31, December 31, RMB RMB Loans principal, interest and financing service fee receivables 147,257,249 2,163,917,080 Office buildings - 151,111,771 Real estate property - 44,500,000 Total 147,257,249 2,359,528,851

Credit Risk Mitigation Position

Credit Risk Mitigation Position	12 Months Ended
Credit Risk Mitigation Position	Dec. 31, 2023
Credit Risk Mitigation Position [Abstract]
Credit risk mitigation position	13 Credit risk mitigation position December 31, December 31, RMB RMB Balance at the beginning of the year 1,348,449,426 1,354,653,070 Increase during the year 960,663,187 767,794,395 Decrease during the year (883,079,007 ) (532,841,138 ) Confiscation during the year (71,380,536 ) (422,763 ) Balance at the end of the year 1,354,653,070 1,589,183,564 Under the collaboration model, the Group collaborates with sales partners who are dedicated to introduce the Group’s loan services to prospective borrowers. The sales partners need to place security deposits ranging from 5%-25% of the loans issued to the borrowers introduced by them (such contribution, the “credit risk mitigation position” or “CRMP”) to the Group. The credit risk mitigation position will be transferred into an account designated by the Group and is fully refundable upon repayment of the loan the credit risk mitigation position is associated with.

Other Liabilities

Other Liabilities	12 Months Ended
Other Liabilities	Dec. 31, 2023
Other Liabilities [Abstract]
Other liabilities	14 Other liabilities Note December 31, December 31, RMB RMB Guarantee repayments from sales partner (i) 416,698,397 745,949,231 Guarantee liabilities (ii) 230,867,505 348,687,842 Settlement and clearing accounts (iii) 135,652,186 185,879,704 Collaboration cost payable (iv) 50,393,275 77,772,200 Other tax payable (v) 74,985,486 67,039,714 Receipt in advance (vi) 35,645,384 39,640,024 Customer pledged deposits (vii) 39,296,162 39,136,313 Amounts due to third parties (viii) 18,591,226 15,634,165 Accrued expenses (ix) 16,486,002 7,308,342 Others (x) 9,855,045 3,644,317 Total 1,028,470,668 1,530,691,852 (i) Under the collaboration model, sales partners are required to provide a certain level of guarantee of repayment for loans recommended. Guarantee repayments from sales partner mainly consist of repayments collected from sales partners who exercise the guarantee, and those repayments will be returned to trust company. (ii) In 2021, the Group started to cooperate with a third-party financing guarantee corporation, Guangzhou Nanfeng, that directly provides guarantee services to commercial banks. According to relevant financial guarantee arrangements, Guangzhou Nanfeng will fulfil its obligations to purchase defaulted loans. However, the Group is required to provide deposits and replenish such deposits from time to time to Guangzhou Nanfeng for its obligations of purchasing defaulted loans. Effectively, the Group provides back-to-back guarantee to Guangzhou Nanfeng and takes on all of the credit risk of the borrowers. These financial guarantee contracts are accounted for as guarantee liabilities under ASC 460, Guarantees. Maximum potential undiscounted future payment that the Group would be required to make were RMB2.45 billion and RMB4.06 billion, as of December 31, 2022 and December 31, 2023, respectively. The Group recognized both a stand-ready guarantee liability under ASC 460 with an associated guarantee receivable, amounting RMB82,385,089 and RMB57,132,677 for fiscal year 2022 and 2023, respectively, amounting RMB148,482,416 and RMB291,555,165 The table below sets forth the movement of contingent guarantee liabilities for the years ended December 31, 2022 and 2023: 2022 2023 RMB RMB As of January 1 3,182,958 148,232,216 Provision for credit losses 145,049,258 149,512,430 Payouts during the year - (156,233,140 ) Increase in guaranteed recoverable assets - 150,043,659 As of December 31 148,232,216 291,555,165 (iii) The Group transferred loans to third party investors and recorded these transactions as sales in Note 5(c). After the transfer, the contract terms related to payment proceeds from the loans remain the same: The Group collects payments of loans and then disburses the proceeds from the relevant loans to third-party transferees. (iv) The collaboration cost for sales partners is a percentage of the loan principal amount that the sales partners recommended to the Group and is calculated by subtracting the project cost, a cost which is agreed between the Group and the sales partners that will vary based on different terms of loans, from interest and fees income received from borrowers. (v) Other tax payables mainly represent value-added tax and surcharges payables. (vi) Receipt in advance consists of advance for interest and financing service fees on loans and down payments of loans held-for-sale by loan transferees. (vii) Customer pledged deposits mainly consist of the deposits collected from certain customers to reduce the risk of failure to make payments on schedule. (viii) Amounts due to third parties are payments to be paid for third parties. (ix) Accrued expenses mainly consist of promotional costs relating to building the collaboration model and expenses payable to consultants such as the auditor and lawyer. (x) Other liabilities are expected to be settled or recognized as income within one year or are repayable on demand.

Ordinary Shares

Ordinary Shares	12 Months Ended
Ordinary Shares	Dec. 31, 2023
Ordinary Shares [Abstract]
Ordinary shares	15 Ordinary shares On January 8, 2014, the Company was incorporated in the Cayman Islands with authorized share capital of HKD380,000 .0001 On July 11, 2018, the Company repurchased of a total of 1,230,434,041 shares of HKD0. 0001 0001 Upon the IPO on November 7, 2018 and exercise of the green shoes options, the Company issued 130,000,000 and 8,500,000 ordinary shares, equal to 6,500,000 ADSs and 425,000 ADSs, respectively, priced at USD7.5 USD7.5 As disclosed in Note 27, on July 19, 2021, 187,933,720 ordinary shares were issued to JPMorgan Chase Bank N.A. (the “Depositary”) as a reserve pool for future issuances upon the exercise of share options granted under the 2018 Option to the Group’s management members and employees. All shareholder rights of these 187,933,720 ordinary shares including but not limited to voting rights and dividend rights are unconditionally waived until the corresponding shares are exercised. While the ordinary shares were legally issued to the Depositary, the Depositary does not have any of the rights associated with the ordinary shares, as such the Group accounted for these shares as issued but not outstanding until the waiver is released by the Group, which occur when the share options are exercised and ordinary shares are transferred to the management members and employees.

Additional Paid-in Capital

Additional Paid-in Capital	12 Months Ended
Additional Paid-in Capital	Dec. 31, 2023
Additional Paid-in Capital [Abstract]
Additional Paid-in Capital	16 Additional paid-in capital Additional paid-in capital represents (1) the difference between the nominal value of share capital and the paid-up capital of the Group; (2) the difference between the purchase price and the proportionate share of the identifiable net assets of Guangzhou Anyu when the Group acquired its remaining shares to take full ownership; (3) the portion of the grant date fair value of unexercised share options granted to employees of the Group that has been recognized.

Retained Earnings

Retained Earnings	12 Months Ended
Retained Earnings	Dec. 31, 2023
Retained Earnings [Abstract]
Retained earnings	17 Retained earnings Note December 31, December 31, RMB RMB PRC statutory reserves (i) 258,654,052 258,654,052 PRC surplus reserves (ii) 169,552,789 173,958,994 Unreserved retained earnings 2,530,509,454 2,671,343,496 Total 2,958,716,295 3,103,956,542 (i) With effect from July 1, 2012, pursuant to the “Administrative Measures on Accrual of Provisions by Financial Institutions” issued by the Ministry of Finance in March 2012, the Group is required, in principle, to set aside a general reserve not lower than 1.5% of the ending balance of its gross risk-bearing assets. (ii) In accordance with the Company’s PRC subsidiaries’ articles of associate, the subsidiaries are required to appropriate 10% of their net incomes, upon approval by board of directors.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Losses	12 Months Ended
Accumulated Other Comprehensive Losses	Dec. 31, 2023
Accumulated Other Comprehensive Losses [Abstract]
Accumulated other comprehensive losses	18 Accumulated other comprehensive losses Balance as of Other Balance as of RMB RMB RMB Foreign currency translation adjustment (25,393,515 ) 15,181,518 (10,211,997 ) Total (25,393,515 ) 15,181,518 (10,211,997 ) Balance as of Other Balance as of RMB RMB RMB Foreign currency translation adjustment (10,211,997 ) 867,116 (9,344,881 ) Total (10,211,997 ) 867,116 (9,344,881 )

Interest and Fees Income

Interest and Fees Income	12 Months Ended
Interest and Fees Income	Dec. 31, 2023
Interest and Fees Income [Abstract]
Interest and fees income	19 Interest and fees income Year ended December 31, Note 2021 2022 2023 RMB RMB RMB Interest and financing service fees on loans (i) 1,770,351,645 1,574,074,534 1,580,001,675 - Interest income 1,759,906,523 1,573,405,364 1,579,868,355 - Financing service fees 10,445,122 669,170 133,320 Interest income charged to sales partners (ii) 33,448,660 122,019,472 134,542,337 Interest income on debt securities (iii) - 22,195,046 20,468,849 Interest on deposits with banks 11,973,675 13,063,523 19,582,159 Total 1,815,773,980 1,731,352,575 1,754,595,020 (i) Interest and financing service fees on loans, which include financing service fees on loans, are recognized in the consolidated statements of comprehensive income using the effective interest method. Financing service fees on loans, are deferred and amortized over the contractual life of the related loans utilizing the effective interest method. (ii) Interest income charged to sales partners refers to the cost of and interest on the partner’s instalment repurchase options under collaboration model. (iii) Interest income on debt securities in forms of partnership investment and corporate debt securities. Please refer to note 6(b).

Net Revenue Under the Commercia

Net Revenue Under the Commercial Bank Partnership Model	12 Months Ended
Net Revenue Under the Commercial Bank Partnership Model	Dec. 31, 2023
Net Revenue Under the Commercial Bank Partnership Model [Abstract]
Net Revenue Under the Commercial Bank Partnership Model	20 Net revenue under the commercial bank partnership model The Group has started to collaborate with commercial banks since 2021 and such collaboration grew and scaled in the second half of 2022. Net revenue under the commercial bank partnership model representing fees charged to commercial banks for services including introducing borrowers, initial credit assessment, facilitating loans from the banks to the borrower and providing technical assistance to the borrower and banks, net of fees paid to third-party financing guarantee corporations. Revenues from loan facilitation services are recognized at the time a loan is originated, at which time the facilitation service is considered completed. Revenues from loan facilitation services, covering matching of commercial banks to borrowers and facilitating the execution of loan agreement between commercial banks and borrowers are RMB48,352,866 and RMB43,320,048 for the years ended December 31, 2022 and 2023, respectively. Revenues from post-origination services are recognized on a straight-line basis over the term of the underlying loans as the services are provided. Revenues from post-facilitation services, covering cash processing services and collection services are RMB6,226,524 and RMB27,233,014 for the years ended December 31, 2022 and 2023, respectively. Refer to Note 14, the Group provided guarantee services for its off-balance sheet loans under the commercial bank partnership model. As a result, at inception of the guarantee, the Group recognized a stand-ready guarantee liability under ASC 460 at fair value. Subsequently, the stand-ready guarantee is released into gains from guarantee liabilities on a straight-line basis over the term of the guarantee. Gains from guarantee liabilities are RMB15,167,071 and RMB139,449,648 for the years ended December 31, 2022 and 2023, respectively. The total amount of net fees paid to third-party financing guarantee corporations for providing guarantee services to commercial banks and commission fee to local sales channels are RMB12,195,456 and RMB122,066,705 for the years ended December 31, 2022 and 2023, respectively.

Collaboration Cost for Sales Pa

Collaboration Cost for Sales Partners	12 Months Ended
Collaboration Cost for Sales Partners	Dec. 31, 2023
Collaboration Cost for Sales Partners [Abstract]
Collaboration cost for sales partners	21 Collaboration cost for sales partners The Group collaborates with sales partners who are dedicated to introduce the Group and its loan services to prospective borrowers. The collaboration cost for sales partners is a percentage of the loan principal amount that the sales partners recommended to the Group and is calculated by subtracting the project cost, a cost which is agreed between the Group and the sales partners that will vary based on different terms of loans, from interest and fees income received from borrowers. The unique feature of this collaboration model is that the sales partners will be required to deposit an amount equal to 5% - 25% of the loans issued to the borrowers introduced by them. In return, the Group will pay collaboration cost as sales incentives to the sales partners.

Provision for Credit Losses, Ne

Provision for Credit Losses, Net of Increase in Guaranteed Recoverable Assets	12 Months Ended
	Dec. 31, 2023
Provision for Credit Losses [Abstract]
Provision for credit losses, net of increase in guaranteed recoverable assets	22 Provision for credit losses, net of increase in guaranteed recoverable assets Year ended December 31, 2021 2022 2023 RMB RMB RMB Home equity loans 257,624,013 (55,755,647 ) 57,110,646 Corporate loans - (24,693,114 ) (31,271,295 ) Debt securities (5,403,084 ) (10,565,475 ) 6,209,195 Guarantee liabilities (3,182,958 ) (145,049,258 ) (149,512,430 ) Interest and financing service fee receivables 49,429,922 7,947,030 5,020,090 Other assets - (9,968,399 ) (64,839,204 ) Total 298,467,893 (238,084,863 ) (177,282,998 )

Realized Gains on Sales of Inve

Realized Gains on Sales of Investments, Net	12 Months Ended
Realized Gains on Sales of Investments, Net	Dec. 31, 2023
Realized Gains on Sales of Investments, Net [Abstract]
Realized gains on sales of investments, net	23 Realized gains on sales of investments, net The gross realized gains on sales of investments are RMB57,368,616, RMB28,330,375 and RMB38,169,360 for the years ended December 31, 2021, 2022 and 2023, respectively. The gross realized losses on sales of investments are RMB38,198,180, RMB7,763,703 and RMB31,620,876 for the years ended December 31, 2021, 2022 and 2023, respectively.

Net Losses on Sales of Loans

Net Losses on Sales of Loans	12 Months Ended
Net Losses on Sales of Loans	Dec. 31, 2023
Net Losses on Sales of Loans [Abstract]
Net losses on sales of loans	24 Net losses on sales of loans As mentioned in Note 5(c), the Group transferred the delinquent loans to third parties. Net losses on sale of loans which summarizes the received from sales of loans are net losses of RMB479,584,775, RMB44,554,948 and RMB17,190,545 for the years ended December 31, 2021, 2022 and 2023, respectively.

Other Gains, Net

Other Gains, Net	12 Months Ended
Other Gains, Net	Dec. 31, 2023
Other Gains, Net [Abstract]
Other gains, net	25 Other gains, net Year ended December 31, Note 2021 2022 2023 RMB RMB RMB Foreign exchange gains (i) 786,080 7,355,135 3,589,629 Net gains on confiscated credit risk mitigation positions (ii) 12,733,681 71,380,536 422,763 Profits/(losses) from fair value changes (iii) 1,101,669 (362,855 ) (5,765,113 ) Net loss on disposal of property and equipment (328,262 ) (30,742 ) (147,644 ) Others 7,768,674 11,571,964 6,747,962 Total 22,061,842 89,914,038 4,847,597 (i) The changes of foreign exchange gain are mainly due to exchange rate changes in cash and cash equivalents held by the Group, including US dollar account and Hong Kong dollar account. (ii) Sales partners provide CRMPs as security deposits. Pursuant to the collaboration agreements if the debtor’s loan principal repayments or accrued interests are past due or the loan is in default, sales partners are obliged to fulfill their guaranteed responsibility by selecting among different approaches, otherwise the CRMPs deposited by sales partners are confiscated by the Group, refer to Note 1. (iii) Profits/(losses) from fair value change refers to gains or losses resulting from changes in the fair value of investment securities.

Other Expenses

Other Expenses	12 Months Ended
Other Expenses	Dec. 31, 2023
Other Expenses [Abstract]
Other expenses	26 Other expenses Year ended December 31 2021 2022 2023 RMB RMB RMB Advertising and promotion expenses 29,171,942 32,412,727 49,828,134 Consulting fees 9,330,732 12,016,260 17,480,308 Entertainment and travelling expenses 10,793,089 9,740,873 15,252,790 Office and commute expenses 10,711,801 7,791,694 10,792,783 Post-loan management expenses - - 10,481,523 Directors and officers liability insurance 3,545,117 3,474,151 3,613,489 Communication expenses 3,861,529 2,424,242 2,826,369 Research and development expenses 1,602,095 760,465 1,791,754 Depreciation and amortization 3,821,788 2,244,279 1,753,032 Litigation and attorney fees 18,697,784 7,680,633 1,714,117 Others 8,964,511 7,344,173 5,986,473 Total 100,500,388 85,889,497 121,520,772

Income Tax Expense

Income Tax Expense	12 Months Ended
Income Tax Expense	Dec. 31, 2023
Income Tax Expense [Abstract]
Income tax expense	27 Income tax expense Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gains. British Virgin Islands (BVI) Pursuant to the rules and regulations of the British Virgin Islands, the Group is not subject to any income tax in the British Virgin Islands. Hong Kong No provision for Hong Kong Profits Tax has been made for the subsidiary located in Hong Kong as the subsidiary has not derived any income subject to Hong Kong Profits Tax during the years. Peoples Republic of China (PRC) According to the PRC Corporate Income Tax (“CIT”) Law, the Group’s PRC subsidiaries are subject to PRC income tax at the statutory tax rate of 25%, unless otherwise specified. Guangzhou Fanze Information Technology Co., Ltd. (“Fanze”) was granted the ’‘qualified software enterprise’’ status in 2023 and is entitled to a tax exemption for the first two years and a 50% reduction in the income tax rate for the third to fifth years. Since Fanze began to make profits in 2023, according to the above policy, it will enjoy a tax exemption from 2023 to 2024, and a halved income tax levy from 2025 to 2027. Some subsidiaries within the Group are small-scale and micro-profit enterprises, paying corporate income tax at a rate of 20% based on 25% of the actual taxable amount resulting in a 5% statutory income tax rate. The effect of the Group’s tax holiday on income tax expense is RMB2.5 million and RMB7.2 million in 2022 and 2023, respectively. The basic earnings per ordinary share effect of the Group’s tax holiday for the years ended December 31, 2022 and 2023 was RMB0.002 and RMB0.005, respectively. The diluted earnings per ordinary share effect of the Group’s tax holiday for the years ended December 31, 2022 and 2023 was RMB0.002 and RMB0.005, respectively. Income tax expense, all of which relates to the PRC, consists of the following for the years ended December 31, 2021, 2022 and 2023: Year ended December 31 2021 2022 2023 RMB RMB RMB Current tax expense 218,567,885 171,146,093 57,510,432 Deferred tax benefit (190,009,905 ) (133,913,450 ) (16,493,414 ) Total income tax expense 28,557,980 37,232,643 41,017,018 The principal components of the deferred tax assets and liabilities are as follows: Year ended December 31 2022 2023 RMB RMB Deferred tax assets: Allowance for credit losses 316,744,794 299,171,819 Debt securities 3,992,140 2,439,841 Guarantee liabilities 37,120,604 78,276,760 Net operating loss carry-forwards 9,116,290 10,041,747 Lease liabilities 7,145,869 6,518,368 Receivables from sales of loans - 2,861,697 Other deferred tax assets 669,876 707,887 Total deferred tax assets 374,789,573 400,018,119 Valuation allowance (9,116,290 ) (10,041,747 ) Deferred tax assets, net of valuation allowance 365,673,283 389,976,372 Net deferred tax assets 76,904,707 92,224,714 Deferred tax liabilities: Intangible assets (742,500 ) (742,500 ) Short term investments (171,864 ) (20,756 ) Right-of-use assets (7,444,339 ) (6,956,985 ) Intercompany receivables (41,988,923 ) (41,453,522 ) Guarantee assets (181,602,700 ) (218,757,757 ) Undistributed earnings from structured funds (130,570,272 ) (102,398,753 ) Total deferred tax liabilities (362,520,598 ) (370,330,273 ) Net deferred tax liabilities (73,752,022 ) (72,578,615 ) Movement of valuation allowance: Year ended December 31 2021 2022 2023 RMB RMB RMB At the beginning of year 10,443,239 15,226,575 9,116,290 Current year additions 7,238,296 613,314 2,096,152 Current year reversals (2,427,869 ) (6,722,726 ) (722,911 ) Current year expiration of carry-forwards (27,091 ) (873 ) (447,784 ) Net change in the valuation allowance 4,783,336 (6,110,285 ) 925,457 At the end of year 15,226,575 9,116,290 10,041,747 In assessing the recoverability of its deferred tax assets, management considers whether some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers reversing taxable temporary differences, carryback availability, projected future income and tax-planning strategies in making this assessment. Recovery of a substantial majority of the Group’s deferred tax assets is supported by reversing taxable temporary differences. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are recoverable, management believes that it is more likely than not that the Group will realize the benefits of its deferred tax assets, net of valuation allowance, as of December 31, 2022 and 2023. Valuation allowances have been provided for certain deferred tax assets due to the uncertainty surrounding their realization. As of December 31,2022 and 2023, the valuation allowance on deferred tax assets, mainly arising from operating loss carryforwards, were provided because it was more likely than not that the Group will not be able to utilize the operating loss carryforwards generated by certain unprofitable subsidiaries. The Group operates through its subsidiaries and VIEs. Since each entity files a separate tax return, the valuation allowance is considered on an individual entity basis. As of December 31, 2023, the Group had net operating loss carryforwards of RMB40,166,989 from its subsidiaries registered in the PRC, which can be carried forward to offset future taxable income. The Group had deferred tax assets related to these net operating loss carryforwards of RMB10,041,747. The net operating losses will expire in years in 2024 to 2028 if not utilized. Management intends to indefinitely reinvest the undistributed earnings of the subsidiaries located in the PRC. The amount of the temporary difference in respect of investments in PRC subsidiaries is RMB2,878,680,731 as of December 31, 2023. Upon repatriation of the subsidiaries’ and the VIE’s earnings, in the form of dividends or otherwise, the Group would be subject to 10% PRC withholding income tax when making distribution to foreign parent companies. However, the Group was not subject to withholding income tax in 2023 because the Group did not make any distribution to foreign parent companies. The related unrecognized deferred tax liabilities were RMB287,868,073. Income before income tax expense is as follows: Year ended December 31 2021 2022 2023 RMB RMB RMB Cayman Islands (189,507 ) (477,322 ) (9,006,814 ) BVI (247 ) (20,803 ) 4,407,292 Hong Kong (11,202,740 ) 2,773,547 (1,168,618 ) PRC 105,157,938 170,308,632 211,402,719 Total 93,765,444 172,584,054 205,634,579 The reconciliation of the PRC statutory income tax rate of 25%, the income tax rate of the jurisdiction where the Group has substantially all of its operations, to the effective income tax rate is as follows: Year ended December 31 2021 2022 2023 RMB RMB RMB PRC statutory income tax rate 25.00 % 25.00 % 25.00 % (Decrease)/increase in effective income tax rate resulting from: Tax holiday - (1.42 )% (3.48 )% Tax-free income (10.63 )% (1.36 )% (2.64 )% Non-deductible share option expense 5.00 % 0.84 % 0.91 % Other non-deductible expenses 2.56 % 0.67 % 0.42 % Zero tax rate in foreign countries 0.05 % 0.07 % 0.84 % Differential and preferential tax rates 3.05 % (0.4 )% (0.11 )% Changes in valuation allowance 5.14 % (3.54 )% 0.67 % Research and development super-deduction - - (1.01 )% Changes in unrecognized tax benefits - 0.31 % (0.82 )% Others 0.29 % 1.40 % 0.17 % Effective income tax rate 30.46 % 21.57 % 19.95 % The Group’s only major jurisdiction is China where tax returns generally remain open and subject to examination by tax authorities for tax years 1999 onwards. The Group did not have any significant unrecognized tax benefits, and no significant interest and penalty expenses related to income taxes were recorded for the years ended December 31, 2021, 2022 and 2023.

Earning Per Share

Earning Per Share	12 Months Ended
Earning Per Share	Dec. 31, 2023
Earnings per share [Abstract]
Earning per share	28 Earning per share The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2021, 2022 and 2023: Year ended December 31 2021 2022 2023 RMB RMB RMB Net income 65,207,464 135,351,411 164,617,561 Basic weighted average number of common shares outstanding 1,371,643,240 1,371,643,240 1,371,643,240 Effect of dilutive share options 154,246,831 155,453,871 74,254,198 Dilutive weighted average number of ordinary shares 1,525,890,071 1,527,097,111 1,445,897,438 Basic earnings per share 0.05 0.10 0.12 Diluted earnings per share 0.05 0.09 0.11 In 2020, the Group issued 187,933,720 ordinary shares to the Depositary. No consideration was received by the Group for the issuance. As of December 31, 2023, no share out of the total 187,933,720 ordinary shares were used to settle share-based compensation. The 187,933,720 ordinary shares are legally issued and not outstanding, and do not affect the computation of earnings per share.

Share-Based Compensation Expens

Share-Based Compensation Expenses	12 Months Ended
Share-Based Compensation Expenses	Dec. 31, 2023
Share-Based Compensation Expenses [Abstract]
Share-based compensation expenses	29 Share-based compensation expenses (a) Description of share-based compensation arrangements On January 3, 2017, the Group adopted a new share incentive plan, or the 2017 Share Incentive Plan. Options to purchase 187,933,730 ordinary shares pursuant to the 2017 Share Incentive Plan were issued to certain management and employees. Accordingly, 60%, 20% and 20% of the award options shall vest on December 31, each of the years 2017 to 2019, respectively. Unless terminated earlier, the 2017 Share Incentive Plan will terminate automatically in 2022 to 2024. On August 27, 2018, 2018 Share Incentive Plan (the “2018 Option”) for granting shares award of the Group to certain management members and employees of the Group was issued to concurrently replace the 2017 Share Incentive Plan which granted Sincere Fame’s share. Except for the aforementioned change of grantor and the extension of the 20% of the award’s termination year, which was vested in December 31,2017, by one to December 31 st On December 31, 2019, the Group granted options to certain management and employees to purchase 119,674,780 ordinary shares pursuant to the 2018 Share Incentive Plan (the “2019 Option”). Accordingly, 50%, 30% and 20% of the award options shall vest on December 31, each of the years 2020 to 2022, respectively, with expiration dates on December 31, each of the years 2025 to 2027. On December 31, 2023, 80% of the 2018 Option has expired. The Board authorized the Group to postpone the expiration date of the expired portion from December 31, 2023, to December 31, 2024, being referred as “Extend 2018 Option”, as previously discussed with the management and employees. Share-based payment transactions with employees, such as share options are measured based on the grant date fair value of the equity instrument. The Group recognizes the compensation costs net of estimated forfeitures over the applicable vesting period. The estimate of forfeitures will be adjusted over the requisite service period to the extent that actual forfeitures differ, or are expected to differ, from such estimates. Changes in estimated forfeitures will be recognized through a cumulative catch-up adjustment in the period of change and will also impact the amount of stock compensation expenses to be recognized in future periods. There were no market conditions associated with the share option grants. (b) Fair value of share options and assumptions The fair value of options granted to employees is determined based on a number of factors including valuations. In determining the fair value of equity instruments, the Group referred to valuation reports prepared by an independent third-party appraisal firm, based on data the Group provided. The valuation reports provided the Group with guidelines in determining the fair value of the equity instruments, but the Group is ultimately responsible for the determination of all amounts related to share-based compensation recorded in the financial statements. Excluding the options containing service vesting conditions, the Group calculated the estimated fair value of the options on the respective grant dates using a binomial option pricing model with assistance from independent valuation firms, with the following assumptions: Share awards Share awards Share awards Expected volatility 40.00 % 41.52 % 59.27 % Expected dividends - - - Risk-free interest rate 3.10 % 3.12 % 2.08 % Expected term (in years) 5 5 - Expected life (in years) 6 8 1 The contractual life of the share option is used as an input into the binomial option pricing model. Exercise multiple and post-vesting forfeit are incorporated into the model as well. 2018 Option When the options of the 2018 Option were issued, the Group’s shares had not been publicly traded and its shares were rarely traded privately. Therefore, the expected volatility is estimated based on the historical volatility of comparable entities with publicly traded shares for the period before the date of grant with length commensurate to contractual life of the options. Since the contractual life of the options is 6 years, the risk-free rate for the expected term of the options is determined based on the yield to maturity of China 6-year government bond at the date of grant. The Group has not declared or paid any cash dividends on its capital stock and does not anticipate any dividend payments on its ordinary shares in the foreseeable future. If any of the assumptions used in the binomial option pricing model changes significantly, share-based compensation expenses for future awards may differ materially compared with the awards granted previously. 2019 Option When the options of the 2019 Option were issued, the Group’s shares were already publicly traded. Since the shares have only been publicly traded for just over a year, the expected volatility is estimated based on the historical volatility of comparable entities with publicly traded shares for the period before the date of grant with length commensurate to contractual life of the options. The contractual life of the options is 6 years, 7 years and 8 years, respectively. Therefore, the risk-free rate for the expected term of the options is determined based on the yield to maturity of China 5-year, 7-year and 10-year government bond, using interpolation method, at the date of grant. The Group has not declared or paid any cash dividends on its capital stock and does not anticipate any dividend payments on its ordinary shares in the foreseeable future. If any of the assumptions used in the binomial option pricing model changes significantly, share-based compensation expenses for future awards may differ materially compared with the awards granted previously. Extend 2018 Option When the options of the 2018 Option were issued, the Group’s shares were already publicly traded. The expected volatility is estimated based on the historical volatility of the Group for the period at the option modification date, December 31, 2023, to contractual life of the options, December 31, 2024. The contractual life of the options is 1 year. Therefore, the risk-free rate for the expected term of the options is determined based on the yield to maturity of China 1-year government bond, using interpolation method, at the option modification date. The Group has not declared or paid any cash dividends on its capital stock and does not anticipate any dividend payments on its ordinary shares in the foreseeable future. If any of the assumptions used in the binomial option pricing model changes significantly, share-based compensation expenses for future awards may differ materially compared with the awards granted previously. The following table sets forth the fair value of options and ordinary shares estimated at the dates of option grants indicated below with the assistance from an independent valuation firm. Date of options grant/modify Options Exercise Fair value Fair value of January 3, 2017 75,173,492 RMB 0.50 RMB 1.26 RMB 1.72 January 3, 2017 112,760,238 RMB 0.50 RMB 1.27 RMB 1.72 December 31, 2019 83,772,346 RMB 1.00 RMB 0.71 RMB 1.40 December 31, 2019 35,902,434 RMB 1.00 RMB 0.75 RMB 1.40 December 31, 2023 150,346,984 RMB 0.50 RMB 0.34 RMB 0.29 For the 2018 option granted on January 3, 2017, there was no income tax benefit recognized associated with the share-based compensation expenses. As of December 31, 2019, the expenses in relation to the 2018 Option have been fully recognized. For the 2019 Option, there was no income tax benefit recognized associated with the share-based compensation expenses. As of December 31, 2023, the expenses in relation to the 2019 Option have been fully recognized. For the Extend 2018 Option, the Group recognized extension related incremental compensation cost of RMB7.5 million in 2023. There was no income tax benefit recognized associated with the share-based compensation expenses. As of December 31, 2023, the expenses in relation to the Extend 2018 Option have been fully recognized.

Material Related Party Transact

Material Related Party Transactions	12 Months Ended
Material Related Party Transactions	Dec. 31, 2023
Material Related Party Transactions [Abstract]
Material related party transactions	30 Material related party transactions The Group did not have any related party transactions in the year ended December 31, 2023.

Operating Leases

Operating Leases	12 Months Ended
Operating Leases	Dec. 31, 2023
Operating Leases [Abstract]
Operating leases	31 Operating leases The Group leases multiple office spaces which are contracted under various non-cancelable operating leases, most of which provide extension or early termination options and are generally expired in 1 to 3 years. The Group does not enter into any finance leases or leases where the Group is a lessor. Moreover, the existing operating lease agreements do not contain any residual value guarantees or material restrictive covenants. Management determines if an arrangement is a lease at inception and record the leases in the financial statements upon lease commencement, which is the date when the underlying office space is made available for use by the lessor. The incremental borrowing rates determined for computing the lease liabilities are based on the People’s Bank of China (PBOC) Benchmark Rates for terms of loans ranging from zero (exclusive) to 5 years and above. The following tables present the operating lease cost and other supplemental information: Year ended December 31 2021 2022 2023 RMB RMB RMB Operating lease cost (1) 14,764,364 13,966,943 16,366,797 (1) Amounts include short-term leases that are immaterial. December 31, December 31, RMB RMB Weighted-average remaining lease term 3.59 Years 2.76 Years Weighted-average discount rate 4.75 % 4.74 % Cash paid for amounts included in the measurement of lease liabilities under operating cash flows 15,101,145 16,927,380 ROU assets obtained in exchange for new operating lease liabilities 29,777,357 27,827,938 The following represents the Group’s future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities (excluding short-term operating leases) as of December 31, 2023: Year ended December 31 RMB 2024 12,812,205 2025 6,691,928 2026 4,935,462 2027 3,427,888 2028 - Thereafter - Total future operating lease payments 27,867,483 Less: imputed interest (1,794,010 ) Total present value of operating lease liabilities 26,073,473

Condensed Financial Information

Condensed Financial Information of the Parent Company	12 Months Ended
Condensed Financial Information of the Parent Company	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed financial information of the parent company	32 Condensed financial information of the parent company The Group’s PRC VIEs and PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Group. The payment of dividends by entities organized in China is subject to limitations, procedures and formalities. Regulations in the PRC currently permit payment of dividends only out of accumulated profits as determined in accordance with accounting standards and regulations in China. The Group’s subsidiaries are also required to set aside at least 10% of its net income based on PRC accounting standards each year to its statutory reserves account until the accumulative amount of such reserves reaches 50% of its respective registered capital. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. In addition, the Group’s operations and revenues are conducted and generated in China, all of the Group’s revenues being earned and currency received are denominated in RMB. RMB is subject to the foreign exchange control regulation in China, and, as a result, the Group may be unable to distribute any dividends outside of China due to PRC foreign exchange control regulations that restrict the Group’s ability to convert RMB into US Dollars. Regulation S-X requires the condensed financial information of registrant shall be filed 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. For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party. The condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the Group’s PRC subsidiary and VIE exceed 25% of the consolidated net assets of the Group. The condensed financial information of the parent company has been prepared in accordance with SEC Regulation S-X Rule 5-04 and Rule 12-04, using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Group uses the equity method to account for investments in its subsidiaries. The footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Group, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Group. On January 8, 2014, the Group was incorporated in the Cayman Islands with one subscriber’s share allotted and issued at par value of HKD0.0001 Condensed balance sheets December 31, December 31, RMB RMB Assets Cash and cash equivalents 5,080,204 12,927,318 investment securities 11,320,828 5,305,137 Investments in subsidiaries 392,559,403 392,559,403 Other assets 212,636,091 196,071,985 Total assets 621,596,526 606,863,843 Liabilities and shareholders’ equity Accrued employee benefits 620,748 425,994 Other operating liabilities 10,827,876 12,485,706 Total liabilities 11,448,624 12,911,700 Ordinary shares (USD0.0001 par value; 3,800,000,000 shares authorized; 1,559,576,960 shares issued and 1,371,643,240 shares outstanding as of December 31, 2022 and December 31, 2023, respectively) 916,743 916,743 Treasury stock (87,631,475 ) (101,277,607 ) Additional paid-in capital 705,422,445 705,422,445 Retained earnings (7,944,752 ) (16,951,566 ) Accumulated other comprehensive losses (615,059 ) 5,842,128 Total shareholders’ equity 610,147,902 593,952,143 Total liabilities and shareholders’ equity 621,596,526 606,863,843 Condensed statements of comprehensive income Year ended December 31 2022 2023 RMB RMB Interest and fees income Interest income on debt securities 621,472 - Interest on deposits with banks 20,593 11,254 Total interest and fees income 642,065 11,254 Realized gains/(losses) on sales of investments, net 2,889,427 (5,691,380 ) Other (losses)/gains, net (22 ) 987,920 Total non-interest income 2,889,405 (4,703,460 ) Operating expenses Employee compensation and benefits (620,748 ) (892,811 ) Other expenses (3,388,044 ) (3,421,797 ) Total operating expenses (4,008,792 ) (4,314,608 ) Losses before income tax expense (477,322 ) (9,006,814 ) Net losses (477,322 ) (9,006,814 ) Other comprehensive income Foreign currency translation adjustment 23,937,221 6,457,187 Comprehensive income/ (losses) 23,459,899 (2,549,627 ) Condensed statements of cash flows Year ended December 31 2022 2023 RMB RMB Cash flows from operating activities: Net losses (477,322 ) (9,006,814 ) Other operating assets 67,500,641 22,579,797 Other operating liabilities 1,751,140 1,463,075 Net cash provided by operating activities 68,774,459 15,036,058 Cash flows from financing activities: Repurchase of ordinary shares (87,631,475 ) (13,646,132 ) Net cash used in financing activities (87,631,475 ) (13,646,132 ) Net (decrease)/ increase in cash and cash equivalents (18,857,016 ) 1,389,926 Cash and cash equivalents at the beginning of year - 5,080,204 Effect of exchange rate change on cash and cash equivalents 23,937,220 6,457,188 Cash and cash equivalents at the end of year 5,080,204 12,927,318

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies [Abstract]
Commitments and contingencies	33 Commitments and contingencies As of December 31, 2023, the Group has not entered into any financial guarantees or other commitments to guarantee the payment obligations of any unconsolidated third parties. In addition, the Group has not entered into any derivative contracts that are indexed to the Group’s shares and classified as shareholders’ equity, or that are not reflected in the Group’s consolidated financial statements. Furthermore, the Group does not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, the Group does not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to the Group or engages in leasing, hedging or product development services with the Group.

Concentration of Risks

Concentration of Risks	12 Months Ended
Concentration of Risks	Dec. 31, 2023
Concentration of Risks [Abstract]
Concentration of Risks	34 Concentration of Risks The Group commenced its loan service business in 2006, adopted its previous business model in 2014 and introduced the collaboration model in December 2018. To expand on its financing channels, the Group launched a new funding model in 2021 by collaborating with the commercial banks. As of December 31, 2023, one of the Group’s main funding resources is borrowing from trust companies, among them, majority of the borrowings were acquired from Trust company A, B and C, each accounted for more than 10% of the Group’s total interest-bearing borrowing. Interest-bearing borrowing December 31, December 31, 2022 2023 % % Trust company A 59.5 % 56.4 % Trust company B 4.1 % 22.2 % Trust company C 13.4 % 14.4 % Total 77.0 % 93.0 % In 2022, the Group started to collaborate with sales partner A under the trust lending model, and also involved into business with sales partner A and its subsidiaries B and C in the commercial bank partnership model since the first quarter of 2023. As of December 31, 2023, the outstanding principal balance of loans to borrowers introduced by sales partner A and its subsidiary B under the trust lending model represented 37.4% of the Group’s total balance of outstanding loan principal. Sales partners A and B provided 37.3% and 0.1%, respectively. The trust lending model December 31, December 31, 　 2022 2023 % % Sales partners A and B 23.0 % 37.4 % As of December 31, 2023, the outstanding principal balance of loans to borrowers introduced by sales partners A and its subsidiaries B and C under the commercial bank partnership model represented 63.1% of the Group’s total balance of outstanding loan principal. Sales partners A, B, and C provided 0.8%, 39.4%, and 22.9% respectively. The commercial bank partnership model December 31, December 31, 　 2022 2023 　 % % Sales partners A, B, and C - 63.1 % As of December 31, 2022 and December 31, 2023, Sales Partner A’s Affiliate Financing Guarantee Corporation A held a financial guarantee license and individually provided guarantee services for greater than 90% or more of the total outstanding off-balance under the commercial bank partnership model loans. Guarantee services December 31, December 31, 　 2022 2023 　 % % Financing Guarantee Corporation A 98.5 % 98.2 %

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent events	35 Subsequent events The Group has considered subsequent events through April 26, 2024, which was the date of these consolidated financial statements were issued, and has determined none of these events were required to be recognized or disclosed in the consolidated financial statements and related notes.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Dec. 31, 2023
Summary of Significant Accounting Policies [Abstract]
Principles of consolidation	(a) Principles of consolidation The accompanying consolidated financial statements include the financial statements of the Group. All intercompany transactions and balances have been eliminated in consolidation. The Group accounts for investments over which it has significant influence but not a controlling financial interest using the equity method of accounting. Non-controlling interests Non-controlling interests are recognized to reflect the portion of the equity of majority-owned subsidiaries and VIEs which is not attributable, directly or indirectly, to the controlling shareholder.
Currency translation for financial statements presentation	(b) Currency translation for financial statements presentation The Group uses Renminbi (“RMB”) as its reporting currency. The United States Dollar (“USD”) is the functional currency of the Company incorporated in Cayman and the Group’s subsidiary Sincere Fame International Limited incorporated in British Virgin Islands, and the Hong Kong Dollar (“HKD”) is the functional currency of the Group’s subsidiary China Financial Services Group Limited incorporated in Hong Kong and the RMB is the functional currency of the Group’s PRC subsidiaries. The financial statements of the Group are translated from the functional currency to the reporting currency, RMB. Assets and liabilities of the subsidiaries are translated into RMB using the exchange rate in effect at each balance sheet date. Income and expenses items are generally translated at the average exchange rates prevailing during the fiscal year. Foreign currency translation adjustments arising from these are accumulated as a separate component of shareholders’ deficit on the consolidated financial statements. The resulting exchange differences are recorded in the consolidated statements of other comprehensive income/(losses).
Use of estimates	(c) Use of estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include, allowance for credit losses on loans principal, interest and financing service fee receivables, debt securities, guarantee assets, the valuation allowance for deferred tax assets, unrecognized tax benefits, the indefinite reinvestment assertion and the fair value of short term investments and share-based compensation.
Revenue recognition	(d) Revenue recognition Interest and financing service fees on loans which are amortized over the contractual life of the related loans are recognized in consolidated statements of comprehensive income in accordance with ASC 310 using the effective interest method. The Group considered relevant accounting guidance and concluded that arrangements for its guarantee services provided for its off-balance sheet loans under commercial bank partnership model are out of scope of ASC 606, Revenue from Contracts with Customers. Therefore, “Gains/losses from guarantee liabilities” included in “Net revenue under commercial bank partnership model” on the Consolidated Statements of Comprehensive income should be accounted for in accordance with ASC 460, Guarantees. The other revenue streams under commercial bank partnership model are accounted for in accordance with ASC 606. The criteria of revenue recognition as they relate to each of the following major revenue generating activities are described below: (i) Interest and financing service fees on loans Interest and financing service fees on loans, which include financing service fees on loans, are collected from borrowers for loans and related services. Interest and financing service fees on loans include the amortization of any discount or premium or differences between the initial carrying amount of an interest-bearing asset and its amount at maturity calculated using the effective interest basis. The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating the interest and financing service fees on loans over the years. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument. When calculating the effective interest rate, the Group estimates cash flows considering all contractual terms of the financial instrument but does not consider future credit losses. Interest on the individually evaluated financial assets is recognized using the rate of interest used to discount future cash flows. (ii) Interest income on debt securities Interest income on debt securities is calculated by applying the effective interest rate to the gross carrying amount of debt securities to unrelated companies plus any interest received from corporate debt securities. (iii) Interest income charged to sales partners In the event of loans issued to the borrowers are in default, one of the sales partners options is to repurchase the defaulted loan in instalments. Interest income charged to sales partners is calculated by applying the total unpaid principal and the accrued overdue interests of defaulted loans plus deferred interest as stated in the collaboration agreement. (iv) Revenue under commercial bank partnership model In accordance with the relevant guidance in ASC Topic 606, the amounts associated with guarantee services under commercial bank partnership model is within the scope of ASC Topic 460 and should be accounted for in accordance with the provisions of that Topic. The services not within the scope of other Topics should be accounted for in accordance with the remaining provisions of ASC Topic 606 and the applicable revenue recognition guidance. The Group considers loan facilitation services under commercial bank partnership model (covering matching of commercial banks to borrowers and facilitating the execution of loan agreement between commercial banks and borrowers) and post-facilitation services under commercial bank partnership model (covering cash processing services and collection services) as two distinctive performance obligations in accordance with ASC Topic 606. The transaction price is first allocated to guarantee services under commercial bank partnership model, if any, which is recorded at fair value and recognized amortized during the guarantee term in accordance with ASC Topic 460. Then the remaining considerations are allocated to the loan facilitation services and post-facilitation services under commercial bank partnership model using their relative standalone selling prices. When estimating total consideration, the Group considers early termination scenarios based on historical early payment and other termination scenarios as the Group can not receive the full contractual service fee amount under early termination, given the service fee is collected on a pro-rata basis upon early loan termination. Such service fee is determined to be variable consideration that meets the “probable of not reversing” threshold. As such, the Group recognizes revenue related to early termination based on its best estimate and true up adjustments are made from time to time. The Group does not have observable standalone selling price for the loan facilitation services or post-facilitation services because it does not provide loan facilitation services or post-facilitation services on a standalone basis in similar circumstances to similar customers. There is no direct observable standalone selling price for similar services in the market that is reasonably available to the Group. The Group uses an expected cost plus margin approach to estimate the standalone selling prices of loan facilitation services and post facilitation services as the basis of revenue allocation. When estimating the selling prices, the Group considers the cost related to such services, profit margin, customer demand, effect of competition on services, and other market factors, among which estimates of the cost of providing the services is the most significant. The transaction price allocated to loan facilitation services is recognized as revenue upon execution of loan agreements between commercial banks and borrowers; the consideration allocated to post-facilitation services is recognized over the period of the loan on a straight-line method, which approximates the pattern of when the underlying services are performed. Remaining performance obligations represents the amount of the transaction price for which services have not been performed under post-facilitation services. The Group collects service fees monthly. The aggregate amounts of the transaction price allocated to performance obligations that are unsatisfied pertaining to post-origination services were RMB67.08million RMB17.53million (v) Realized gains/(losses) on sales of investments Realized gains/(losses) consist of realized gains and losses from the sale of investment securities, presented on a net basis. (vi) Net gains/(losses) on sales of loans Net gains/(losses) on sales of loans refer to any gains and losses from the disposal of loans which is accounted for as a sale under ASC 860. (vii) Gains on confiscation of CRMPs Gains on confiscation of credit risk mitigation positions are recognized to the extent confiscated CRMPs exceed previously recognized allowance for credit losses and guarantee asset when sales partners surrender the CRMPs and the obligation of refunding the CRMPs is released.
Loans	(e) Loans (i) On-balance sheet loans Loans are reported at their outstanding principal balances net of any unearned income and unamortized deferred fees and costs. Loan origination fees and certain direct origination costs are generally deferred and recognized as adjustments to income over the lives of the related loans. The Group facilitates credit to borrowers through structured funds which are considered as consolidated VIEs and the Group evaluated VIEs for consolidation in accordance with ASC 810 in the Consolidated VIEs Section of Note 1. Providing credit strengthening arrangement since March 2018 for the loans to customers under the funds is one of the key factors to determine that the Group should consolidate the structured funds as it is the primary beneficiary of the funds. As a result, the loan principal remains on the Group’s consolidated balance sheets, whilst the funds received from senior tranches holders are recorded as Other Borrowings in the Group’s consolidated balance sheets as disclosed in Note 12(b)(i). Non-accrual policies Loans principal, interest and financing service fee receivables are placed on non-accrual status when payments are 90 days contractually past due. When a loan principal, interest and financing service fee receivable is placed on non-accrual status, interest and financing service fees accrual cease. If the loan is non-accrual, the cost recovery method is used and cash collected is applied to first reduce the carrying value of the loan. Otherwise, interest income may be recognized to the extent cash is received. Loans principal, interest and financing service fee receivables may be returned to accrual status when all of the borrower’s delinquent balances of loans principal, interest and financing service fee have been settled and the borrower continue to perform in accordance with the loan terms for a period of at least six months. Charge-off policies For the years ended December 31, 2022 and 2023, the charge-off policies in Group are presented as follows: Principal, interest and financing service fee receivables are charged down to net realizable value (fair value of collaterals, less estimated costs to sell) when the Group has determined the remaining balance is uncollectable after exhausting all collection efforts. In order to comply with ASC 310 and ASC 326, the Group considers loans principal, interest and financing service fee receivables meeting any of the following conditions as uncollectable and charged-off: (i) death of the borrower; (ii) identification of fraud, and the fraud is officially reported to and filed with relevant law enforcement departments; (iii) sales of loans to third parties; (iv) settlement with the borrower, where the Group releases irrecoverable loans through private negotiations with the borrower where the borrower cannot repay the loan in full through self-funding or voluntary sale of the collateral; (v) disposal through legal proceedings, including but not limited to online arbitrations, judicial auctions and court enforcements; or (vi) loans are 180 days past due unless both well-secured and in the process of collection. Allowance for credit losses Allowance for credit losses represents management’s best estimate of probable losses inherent in the portfolio. Commencing January 1, 2020, CNFinance adopted ASC 326, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which replaced the incurred loss methodology for determining the provision for credit losses and allowance for credit losses with a current expected credit loss methodology (“ACL”), which is based on past events, current conditions and reasonable and supportable forecasts over the life of the loans. ASC 326 defines the ACL as a valuation account that is deducted from the amortized cost of a financial asset to present the net amount that management expects to collect on the financial asset over its expected life. All financial assets carried at amortized cost are in the scope of ASC 326, while assets measured at fair value are excluded. The allowance for credit losses is adjusted each period for changes in expected lifetime credit losses. The ACL includes collectively evaluated (“collective ACL”) and individually evaluated (“individual ACL”) allowance for credit losses. The Group aggregates loans sharing similar risk characteristics into pools for purposes of measuring expected credit losses. Pools are reassessed periodically to confirm that all loans within each pool continue to share similar risk characteristics. Expected credit losses for loans that do not share similar risk characteristics with other financial assets are measured individually. The collective ACL is measured based on loans that share similar risk characteristics and includes both quantitative and qualitative components. The collective ACL utilizes probability of default (PD) and loss given default (LGD) models, and is the product of multiplying PD, LGD, and exposure at default (EAD) for nondelinquent loans, delinquent loans within 90 days. The PD is computed based on the historical delinquency data, adjusted for a macroeconomic forecast, which considers selected economic variables and the weighting of multiple macroeconomic forecast scenarios over the life of the loans. These macroeconomic scenarios include variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to, gross-domestic product, total retail sales of consumer goods and urban per capita disposable income and are updated at least quarterly. The LGD model considers historical loss experience period. The qualitative component of the collective ACL represents the Group’s judgment of additional considerations to account for external risk factors that are not adequately measured in the quantitative component of the collective ACL, including consideration of idiosyncratic risk factors, conditions that may not be reflected in quantitatively derived results, or other relevant factors. The ACL for financial assets held at amortized cost is a valuation account that is deducted from, or added to, the amortized cost basis of the financial assets to present the net amount expected to be collected. When credit expectations change, the valuation account is adjusted with changes reported in provision for credit losses. If amounts previously charged off are subsequently expected to be collected, the Group may recognize a negative allowance, which is limited to the amount that was previously charged off. The individual ACL is estimated on an individual basis for loans whose payments are contractually past due more than 90 days or do not share similar risk characteristics. A financial asset is collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. When a collateral-dependent financial asset is probable of foreclosure, the Group will utilize the discounted cash flow (“DCF”) model, and is determined by comparing the amortized cost with the present value of the projected cashflow for the underlying collateral. The projected cashflow is calculated based on fair value of collateral provided by third-party appraisers, adjusted for the estimated disposal discounts on the collateral and cost to sell. Under the trust lending model, when the Group grants a loan through a trust plan, the loan is with the borrower and guarantee is entered into with a separate counterparty (the sales partner). As such, under the definition of ASC 326-20-20, the guarantee arrangement and lending arrangement would be considered freestanding arrangements. As sale partners will provide guarantee of the entire loan to the Group, collection for loss is probable and estimable when a loss on an insured loan is incurred and recognized. In this case, the Group will recognize guarantee loss recoverable asset in the amount that the Group determines is probable to receive from the guarantor with an offsetting entry to “provision for credit losses” when the Group concludes that the loss recovery is collectible. However, potential recovery that exceeds the recognized loss, if any, (gain contingency) will not be recognized until cash is received. Therefore, the amounts estimated to be recoverable from the proceeds of guarantees will be reported as a separate asset (guarantee asset) in the balance sheet. The increase in guaranteed recoverable assets are included in the income statement as a reduction of the “provision for credit losses”, separate disclosure of the increase in guaranteed recoverable assets is included in the roll forward of the “allowance for credit losses”. The income statement caption was disclosed as “Provision for credit losses, net of increase in increase in guaranteed recoverable assets”. Loans held-for-sale Loans held-for-sale are measured at the lower of cost or fair value, with valuation changes recorded in noninterest revenue. The valuation is performed on an individual loan basis. Loan origination fees or costs and purchase price discounts or premiums are deferred in a contra loan account until the related loan is sold. The deferred fees or costs and discounts or premiums are adjustments to the basis of the loan and therefore are included in the periodic determination of the lower of cost or fair value adjustments. The loan is derecognized if the Group does not retain any risk and rewards after transferring the loan. Such transfer would be recorded as sales according to ASC 860-10-40-5. At the time of derecognition, any related allowance for credit losses is released. Gains and losses on loans transfer as a sale are recognized in the non-interest income. (ii) Off-balance sheet loans For loans funded by the proceeds from third-party commercial banks, each underlying loan and borrower has to be approved by the third-party commercial banks individually. Once the loan is approved by and originated by the third-party commercial bank, the fund is provided by the third-party commercial bank to the borrower and a lending relationship between the borrower and the third-party commercial bank is established through a loan agreement. Effectively, the Group offers loan facilitation services to the borrowers who have credit needs and the commercial banks who originate loans directly to borrowers referred by the Group. The Group continues to provide post-facilitation services to the borrowers over the term of the loan agreement. Under this scenario, the Group determines that it is not the legal lender or borrower in the loan origination and repayment process. Accordingly, the Group does not record loans principal, interest and financing service fee receivables arising from these loans nor interest-bearing borrowings to the third-party commercial banks. Under the commercial bank partnership model, when the third-party commercial banks grant loans, the Group provides guarantee services to commercial banks and takes on all of the credit risk of the borrowers. Also, if the loan is referred to the Group by a separate counterparty (the sales partner), the credit risk of the borrower will be transferred to the sales partner. As such, under the definition of ASC 326-20-20, the guarantee arrangement between the third-party commercial banks and the Group and between the Group and the sales partner would be considered freestanding arrangements. As sale partners will provide guarantee of the entire loan to the Group, collection for loss is probable and estimable when a loss on an insured loan is incurred and recognized. In this case, the Group will recognize guarantee loss recoverable asset in the amount that the Group determines is probable to receive from the guarantor with an offsetting entry to “provision for credit losses” when the Group concludes that the loss recovery is collectible. However, potential recovery that exceeds the recognized loss, if any, (gain contingency) will not be recognized until cash is received. Therefore, the amounts estimated to be recoverable from the proceeds of guarantees will be reported as a separate asset (guarantee asset) in the balance sheet. The income statement caption was disclosed as “Provision for credit losses, net of increase in increase in guaranteed recoverable assets”.
Cash, cash equivalents and restricted cash	(f) Cash, cash equivalents and restricted cash Cash and cash equivalents primarily consist of cash, deposits which are highly liquid and all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Group considers highly liquid investments that are readily convertible to known amounts of cash. Restricted cash are cash and cash equivalents that are not readily available for normal disbursement and mainly represents cash and cash equivalents from structured funds. Such restricted cash is not available to fund the general liquidity needs of the Group and could only be used to grant new loans and activities as mentioned in Note 1.
Investment securities	(g) Investment securities Short term investments Short term investments consist of wealth management products. Short term investments are recorded at fair value and included in the profit and loss of changes in fair value. Realized gains and losses from the sale of short term investments are determined on a specific identification basis and are recorded as realized gains/(losses) on sales of investments. Interest and investment income are recognized when earned. Debt securities Debt securities consist of held-to-maturity debt securities that the Group has the positive intent and ability to hold the security to maturity and are recorded at amortized cost. The Group reviews its investments in held-to-maturity debt securities for impairment periodically, recognizing an allowance, if any, by applying an estimated loss rate. The Group considers available quantitative and qualitative evidence in evaluating the potential impairment of its investments in held-to-maturity debt securities. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the held-to-maturity debt securities. Convertible bonds The Group has elected the fair value option for investment in convertible bonds in accordance with ASC Subtopic 825-10 (“ASC 825-10”), Recognition and Measurement of Financial Assets and Financial Liabilities. The financial instruments guidance in ASC 825-10 permits reporting entities to apply the fair value option on an instrument-by-instrument basis. The investments accounted for under the fair value option are carried at fair value with realized gains or losses recorded in “Realized gains on sales of investments, net” and unrealized gains or losses recorded in “other gains, net” on the consolidated statements of comprehensive income/(loss).
Property and equipment	(h) Property and equipment Property and equipment are stated at cost. Depreciation on equipment is calculated on the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized over the shorter of the economic useful life of the improvement or the term of the lease. The estimated useful life of office and other equipment range from 1 to 5 years, the estimated useful life of leasehold improvements or the term of the lease range from 1 to 6 years, while the estimated useful lives of motor vehicles range from 3 to 8 years.
Goodwill	(i) Goodwill Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Impairment tests for cash-generating units containing goodwill The Group assesses goodwill for impairment at the reporting unit level at least annually and more frequently upon the occurrence of certain events. The Group has the option to assess qualitative factors first to determine whether it is necessary to perform the two-step test. If the Group believes, as a result of the qualitative assessment, that it is more-likely-than-not that the fair value of the reporting unit is less than its carrying amount, the two-step quantitative impairment test described above is required. Otherwise, no further testing is required. In the qualitative assessment, the Group considers primary factors such as industry and market considerations, overall financial performance of the reporting unit, and other specific information related to the operations. In performing the two-step quantitative impairment test, the first step compares the carrying amount of the reporting unit to the fair value of the reporting unit based on either quoted market prices of the ordinary shares or estimated fair value using a combination of the income approach and the market approach. If the fair value of the reporting unit exceeds the carrying value of the reporting unit, goodwill is not impaired and the Group is not required to perform further testing. If the carrying value of the reporting unit exceeds the fair value of the reporting unit, then the Group must perform the second step of the impairment test in order to determine the implied fair value of the reporting unit’s goodwill. The fair value of the reporting unit is allocated to its assets and liabilities in a manner similar to a purchase price allocation in order to determine the implied fair value of the reporting unit goodwill. If the carrying amount of the goodwill is greater than its implied fair value, the excess is recognized as an impairment loss. Goodwill is related to the acquisition of Guangzhou Anyu Mortgage Consulting Co., Limited (“Guangzhou Anyu”)
Intangible assets	(j) Intangible assets Indefinite-lived intangible assets are assets that are not amortized because there is no foreseeable limit to cash flows generated from them. Intangible assets with finite useful lives are amortized on a straight-line basis over their estimated useful lives. The Group categorizes trademarks as indefinite-lived intangible assets, whose carrying value is RMB2.97 million. If it is more likely than not that the asset is impaired, the Group records the amount that the carrying value exceeds the fair value as an impairment expense. The Group performed its annual impairment review of indefinite-lived intangible assets on December 31, 2022 and 2023 and determined that it is more likely than not that the carrying value was less than the fair value. Intangible assets with finite useful lives represent software and cooperation agreements, the estimated useful lives of which are 1 to 3 years and 3 years, respectively.
Income taxes	(k) Income taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the deferred tax assets or liabilities are expected to be realized or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Group recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured as the largest amount that is greater than 50 percent likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Group classifies interest and penalties related to income taxes as income tax expense.
Employee benefit plans	(l) Employee benefit plans Pursuant to relevant PRC regulations, the Group is required to make contributions to various employee benefit plans organized by municipal and provincial PRC governments. The contributions are made for each PRC employee at statutory rates as determined by local social security bureau. Contributions to the employee benefit plans are charged to the consolidated statements of income. The Group has no obligations for payment of pension benefits associated with the plans beyond the amount it is required to contribute.
Long-lived assets	(m) Long-lived assets Long-lived assets, such as property and equipment, and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Group first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market value and third-party independent appraisals, as considered necessary.
Share-based compensation	(n) Share-based compensation The Group measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the period the employee is required to provide service in exchange for the award, which generally is the vesting period. The Group recognizes compensation cost using a front-loading approach for an award with only service conditions that have a graded vesting schedule over the requisite service period for the entire award, net of estimated forfeitures, provided that the cumulative amount of compensation cost recognized at any date at least equals the portion of the grant-date value of such award that is vested at that date. Forfeiture rates are estimated based on historical and future expectations of employee turnover rates.
Operating leases	(o) Operating leases Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. The Group’s lease liability is measured at the present value of future operating lease payments, discounted using the incremental borrowing rate. Right of use asset is measured at the amount of lease liabilities plus prepaid rent and direct costs, less any lease incentives. The operating lease expense is recognized on a straight-line basis over the lease term. Certain of the operating lease agreements contain rent holidays, which are considered in determining the straight-line operating lease expense to be recorded over the lease term.
Guarantee liabilities	(p) Guarantee liabilities Starting from 2021, the Group started to cooperate with third-party financing guarantee corporations that provides guarantee services to commercial banks. According to relevant financial guarantee arrangements, third-party financing guarantee corporations will fulfil its obligations to purchase defaulted loans. However, the Group is required to provide deposits and replenish such deposits from time to time to third-party financing guarantee corporations for its obligations of purchasing defaulted loans. Effectively, the Group provides back-to-back guarantee to third-party financing guarantee corporations and takes on all of the credit risk of the borrowers. These financial guarantee contracts are accounted for as guarantee liabilities under ASC 460, Guarantees. The Group adopted ASC 326, Financial Instruments—Credit Losses, which requires gross accounting for guarantee liability. As a result, at inception of these financial guarantee provided for off-balance sheet loans under commercial bank partnership model, the Group will recognize both a stand-ready guarantee liability under ASC 460 with an associated guarantee receivable, and a contingent guarantee liability with an allowance for credit losses of the underlying loans under current expected credit loss methodology, which includes both quantitative and qualitative components. The collective ACL utilizes probability of default (PD) and loss given default (LGD) models, and is the product of multiplying PD, LGD, and exposure at default (EAD) for guarantee liabilities. The PD is computed based on the historical delinquency data, adjusted for a macroeconomic forecast, which considers selected economic variables and the weighting of multiple macroeconomic forecast scenarios over the life of the off-balance sheet loans. The LGD model considers historical loss experience period. The qualitative component of the collective ACL represents the Group’s judgment of additional considerations to account for external risk factors that are not adequately measured in the quantitative component of the collective ACL, including consideration of idiosyncratic risk factors, conditions that may not be reflected in quantitatively derived results, or other relevant factors. Subsequent to the initial recognition, the ASC 460 stand-ready guarantee is released into gains from guarantee liabilities on a straight-line basis over the term of the guarantee, while the contingent guarantee is reduced by the pay-outs made by the Group to compensate the investors upon borrowers’ default.
Repurchase agreements	(q) Repurchase agreements Financial assets sold under agreements to repurchase do not constitute a sale of the underlying financial assets for accounting purposes and are treated as collateralized financing transactions. Financial assets sold under agreements to repurchase are recorded at the amount of cash received plus accrued interest. Interest paid on agreements to repurchase is recorded in interest expense at the contractually specified rate.
Commitments and contingencies	(r) Commitments and contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Fair value measurements	(s) Fair value measurements The Group uses valuation approaches that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Group determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels in accordance with ASU 2011-04 (see Note 3 to the consolidated financial statements): ● Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. ● Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. ● Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. The level in the fair value hierarchy within which a fair value measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety. In situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects management’s own judgments about the assumptions that market participants would use in pricing the asset or liability. Those judgments are developed by management based on the best information available in the circumstances.
Earnings per share	(t) Earnings per share Basic earnings per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Ordinary equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive.
Segment reporting	(u) Segment reporting The Group uses the management approach in determining its operating segments. The management approach considers the internal reporting used by the Group’s chief operating decision maker for making decisions about the allocation of resources to and the assessment of the performance of the segments of the Group, therefore the management has determined that the Group has one operating segment. All of the Group’s operations and customers are located in the PRC. Consequently, no geographic information is presented.
Recently adopted accounting standards	(v) Recently adopted accounting standards In 2023, the Group adopted the following new accounting guidance: ASU 2022-02 - Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures The ASU 2022-02 was adopted on a prospective basis and was effective for the Group on January 1, 2023. The Amendment eliminates the accounting guidance for troubled debt restructurings (TDRs) by creditors and introduces new required disclosures for loan modifications made to borrowers experiencing financial difficulty. The Amendment also sets the guidance for vintage disclosures to require disclosure of current period gross charge-offs by year of origination. Adoption of the accounting standard did not have a significant impact on the Group’s consolidated financial statements.
Recently issued accounting standards	(w) Recently issued accounting standards ASU 2023-07 - Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures, which improved reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This ASU 2023-07 is to be adopted on a prospective basis and will be effective for the Group on January 1, 2024. The ASU is currently not expected to have a significant impact on the Group’s consolidated financial statements. ASU 2023-09 - Income Taxes (Topic 740) - Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures, which provides more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This ASU 2023-09 is to be adopted on a prospective basis and will be effective for the Group on January 1, 2025, although early adoption is permitted. The ASU is currently not expected to have a significant impact on the Group’s consolidated financial statements.

Description of Business, Orga_2

Description of Business, Organization, and Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2023
Description of Business, Organization, and Basis of Presentation [Abstract]
Schedule of Investment in Significant Subsidiaries	Investment in significant subsidiaries for the year ended December 31, 2023 Name of company Place and date of incorporation/ establishment Registered Issued and fully paid up capital Percentage of Principal Direct Indirect Sincere Fame International Limited British Virgin Islands 1,230,434 1,230,434 100 % - Investment Holding China Financial Services Hong Kong 100,000,000 100,000,000 - 100 % Investment Holding Fanhua Chuang Li Information Technology (Shenzhen) Co., Ltd. the PRC 400,000,000 400,000,000 - 100 % Investment Holding Shenzhen Fanhua United Investment Group the PRC 250,000,000 250,000,000 - 100 % Investment Holding Guangzhou Anyu Mortgage Consulting Co., Ltd. the PRC 2,220,000 2,220,000 - 100 % Micro credit Chongqing Fengjie Financial Advisory Co., Ltd. the PRC 500,000 500,000 - 100 % Financial consultancy Guangzhou Chengze Information Technology Co., Ltd. the PRC 3,000,000 3,000,000 - 100 % Software development and maintenance Chongqing Liangjiang New Area Fanhua Micro-credit Co., Ltd. the PRC 30,000,000 30,000,000 - 100 % Micro credit Shenzhen Fanhua Micro-credit Co., Ltd. the PRC 300,000,000 300,000,000 - 100 % Micro credit Name of company Place and date of establishment Registered Issued and fully paid up capital Percentage of equity attributable to the Group Principal activities Direct Indirect Shenzhen Fanhua Fund Management Services Co., Ltd. the PRC 5,000,000 5,000,000 - 100 % Company register service Guangzhou Heze Information Technology Co., Ltd. the PRC 20,000,000 20,000,000 - 100 % Software development and maintenance Beijing Lianxin Chuanghui Information Technology Co., Ltd. the PRC 10,000,000 10,000,000 - 100 % Software development and maintenance Shenzhen Fanlian Investment Co., Ltd. the PRC 30,000,000 30,000,000 - 100 % Investment Holding Fanhua Financial Leasing (Shenzhen) Co., Ltd. the PRC USD 10,000,000 10,000,000 - 100 % Business Shenzhen Fanhua Chengyu Finance Service Co., Ltd. the PRC 10,000,000 10,000,000 - 100 % Labor outsourcing services Beijing Fanhua Qilin Capital Management Co., Ltd. the PRC 100,000,000 10,000,000 - 96 % Asset Management Shijiazhuang Fanhua Financial Advisory the PRC 2,000,000 - - 100 % Financial Consultancy Name of company Place and date of incorporation/ Registered Issued Percentage of equity Principal Direct Indirect Nantong Shenfanlian Enterprise Management Co., Ltd. 南通深泛联企业管理 the PRC RMB 5,000,000 - - 100 % Enterprise Management Shenzhen Fancheng 深圳泛诚商业运营管理合伙企业有限合伙 the PRC RMB 500,000,000 RMB 34,550,000 - 100 % Enterprise Management Fanxiaoxuan Cultural 泛小宣文化传媒广州有限公司 the PRC RMB 1,000,000 - - 100 % Enterprise Management Guangzhou Fanze Information Technology Co., Ltd. the PRC RMB 10,000,000 - - 100 % Software development and maintenance Langfang Fanhua Technology Co., Ltd. the PRC RMB 200,000 - - 100 % Software development and maintenance Shenyang Fanhua Financial Advisory Co., Ltd. the PRC RMB 1,000,000 - - 100 % Financial consultancy Lanzhou Fanhua Enterprise Information Advisory Co., Ltd. the PRC RMB 200,000 - - 100 % Enterprise Management Name of company Place and date of Registered Issued Percentage of Principal Direct Indirect Haikou Fanhua Financial Advisory Co., Ltd. the PRC RMB 1,000,000 - - 100 % Financial consultancy Ganzhou Shenzhen Fanlian Financial Advisory Co., Ltd. the PRC RMB 1,000,000 - - 100 % Financial consultancy Fanhua Jinfu (Foshan) Co., Ltd. the PRC RMB 200,000,000 - - 100 % Financial consultancy Guangzhou Nansha Weisen Technology Co., Ltd the PRC RMB 500,000 - - 100 % Software development and maintenance Wuxi Shenzhen Fanlian Enterprise Management Co., Ltd. the PRC RMB 500,000 - - 100 % Enterprise Management Ningbo Lianyi Technological Advisory Co., Ltd. the PRC RMB 50,000,000 - - 100 % Financial consultancy
Schedule of Investments in the Consolidated VIEs	The table sets forth the investments in the consolidated VIEs by the Group as of December 31, 2023. Name of the consolidated VIEs Place and date of Principal Jinghua Structured Fund 6 the PRC Micro credit Bohai Trust Shenfanlian Micro Finance Structured Fund the PRC Micro credit Bohai Huihe SME Structured Fund the PRC Micro credit Beijing Fanhua Micro-credit Company Limited the PRC Micro credit Zhonghai Lanhai Structured Fund 1 the PRC Micro credit Bohai Trust No.1 Huiying Structured Fund the PRC Micro credit Bohai Trust No.2 Shenzhen Fanhua United Structured Fund the PRC Micro credit Jinghua Structured Fund 1 the PRC Micro credit Hunan Structured Fund 2019-1 the PRC Micro credit Hunan Structured Fund 2019-2 the PRC Micro credit Shaanxi International Xinglong Structured Fund 1-1 the PRC Micro credit Shaanxi International Xinglong Structured Fund 2-1 the PRC Micro credit Name of the consolidated VIEs Place and date of Principal No. 50 Jinghua Structured Fund 外贸信托菁华号资管计划 the PRC Micro credit No. 70 Jinghua Structured Fund 外贸信托菁华号资管计划 the PRC Micro credit Shaanxi International Xinglong Structured Fund 22-1 陕国投·兴隆号集合资金信托计划 the PRC Micro credit No. 74 Jinghua Structured Fund 外贸信托菁华号资管计划 the PRC Micro credit Hunan Structured Fund 2020-1 湖南信托集合资金信托计划 the PRC Micro credit Shaanxi International Xinglong Structured Fund 2-2 陕国投·兴隆号集合资金信托计划 the PRC Micro credit Zhonghai Lanhai Structured Fund 30-X 中海信托蓝海号集合资金信托计划 the PRC Micro credit Bohai Trust 2020 Pucheng No. 75 渤海信托· 普诚号集合资金信托计划 the PRC Micro credit Guomin Tianshu Structured Fund 2-1 国民信托·天枢号单一资金信托 the PRC Micro credit Shenzhen Fanshu Information Technology Advisory Partnership (Limited Partnership). 深圳泛枢信息技术咨询合伙企业（有限合伙） the PRC Micro credit Shenzhen Lianshu Economic Information Technology Advisory Partnership (Limited Partnership) 深圳联枢经济信息技术咨询合伙企业（有限合伙） the PRC Micro credit Shenzhen Ruishu Economic Information Technology Advisory Partnership (Limited Partnership) 深圳瑞枢经济信息技术咨询合伙企业（有限合伙） the PRC Micro credit Name of the consolidated VIEs Place and date of Principal activities Tianjin Ninghua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Shengshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Chengshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Xuanshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Tianjin Juehua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Zhongrong Yuanshuo No.1 Structured Fund the PRC Micro credit Guangzhou Mingsheng Capital Management Partnership (Limited Partnership) The PRC Micro credit Tianjin Baihua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Bohai Trust 2021 Pucheng No. 83 渤海信托·2021普诚83号集合资金信托计划 the PRC Micro credit Zhongrong Yuanshuo No.2 Structured Fund the PRC Micro credit Shenzhen Huashu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Shenzhen Leshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Zijin No.3 Business Acceleration Structured Fund the PRC Micro credit Zhongliang Hongrui No.1 Structured Fund the PRC Micro credit Zhongrong Yuanshuo No.3 Structured Fund the PRC Micro credit Tianjin Pinhua Economic Information Advisory Partnership (Limited Partnership) the PRC Micro credit Name of the consolidated VIEs Place and date of Principal Shenzhen Zeshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit Hunan Caixin - Zhongliang - Hongxin Universal Benefit No. 1 the PRC Micro credit Shenzhen Mingshu Information Technology Advisory Partnership (Limited Partnership) the PRC Micro credit No.51 Jinghua Structured Fund the PRC Micro credit No.2 Jinghua Structured Fund the PRC Micro credit Guangzhou Ming Hao Investment Partnership (Limited Partnership) the PRC Micro credit Zhongliang Trust Plan- Hongjun No. 1 the PRC Micro credit Zhongliang Trust Plan-Honghao No. 1 the PRC Micro credit Zhongliang Trust Plan- Hongmeng No. 1 the PRC Micro credit Zhongliang Trust Plan- Hongji No. 1 the PRC Micro credit
Schedule of Assets and Liabilities of the Consolidated VIEs	The table sets forth the assets and liabilities of the consolidated VIEs included in the Group’s consolidated balance sheets after elimination of intercompany transactions and balances: December 31, December 31, RMB RMB Cash, cash equivalents and restricted cash 1,265,876,948 1,510,686,015 Net loans principal, interest and financing service fees receivables 8,181,420,091 8,415,130,321 Loans held-for-sale 1,122,309,299 1,296,708,106 Investment securities 205,711,749 21,545,271 Deferred tax assets - 384,801 Other assets 873,978,254 896,921,865 Total assets 11,649,296,341 12,141,376,379 Interest-bearing borrowings 7,727,559,337 8,231,826,368 Income taxes payable 902,734 1,030,049 Deferred tax liabilities 15,863 - Other liabilities 144,368,848 232,896,540 Total liabilities 7,872,846,782 8,465,752,957
Schedule of Operations of the VIEs	The table sets forth the results of operations of the VIEs included in the Group’s consolidated statements of comprehensive income: Year ended December 31 2021 2022 2023 RMB RMB RMB Revenue 1,298,055,332 1,437,398,097 1,352,486,176 Net income 579,742,472 381,273,670 495,371,047
Schedule of Cash Flows of the VIEs	The table sets forth the cash flows of the VIEs included in the Group’s consolidated statements of cash flows: Year ended December 31 2021 2022 2023 RMB RMB RMB Net cash (used in)/provided by operating activities (1,571,552,463 ) 939,802,714 1,292,343,388 Net cash used in investing activities (633,511,824 ) (812,396,284 ) (1,282,239,529 ) Net cash provided by/(used in) financing activities 2,682,931,827 (377,573,931 ) 234,705,208

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Dec. 31, 2023
Fair Value Measurements [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following table presents the Group’s fair value hierarchy for those assets measured at fair value on a recurring basis as of December 31, 2022 and 2023. December 31, 2023 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Wealth management products 146,486,668 22,202,910 124,283,758 - Convertible bonds 35,499,500 - - 35,499,500 Total 181,986,168 22,202,910 124,283,758 35,499,500 December 31, 2022 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Wealth management products 244,337,727 206,304,763 38,032,964 - Convertible bonds - - - - Total 244,337,727 206,304,763 38,032,964 -
Schedule of table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis	The following table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022 and 2023. December 31, 2023 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Assets Loans (1) 28,016,224 - 28,016,224 - Loans held-for-sale (2) 2,471,413,744 - 2,471,413,744 - Equity securities (3) 38,178,264 - 38,178,264 - Total Assets 2,537,608,232 - 2,537,608,232 - Liabilities Guarantee liabilities (4) 57,132,678 - - 57,132,678 Total Liabilities 57,132,678 - - 57,132,678 December 31, 2022 Fair value Level 1 Level 2 Level 3 RMB RMB RMB RMB Assets Loans (1) 61,835,456 - 61,835,456 - Loans held-for-sale (2) 1,844,438,134 - 1,844,438,134 - Equity securities (3) 49,010,000 - 49,010,000 - Total Assets 1,955,283,590 - 1,955,283,590 - Liabilities Guarantee liabilities (4) 82,385,089 - - 82,385,089 Total Liabilities 82,385,089 - - 82,385,089 (1) Loans are recorded at amortized cost, while the Group records nonrecurring fair value adjustments to reflect partial write-downs that are based on the observable market price of the loan or current appraised value of the collateral. (2) Loans held-for-sale are held at LOCOM which may be written down to fair value on a nonrecurring basis. (3) Non-marketable equity securities are accounted for using the measurement alternative and can be subject to nonrecurring fair value adjustments to record impairment. (4) Guarantee liabilities are accounted for stand-ready guarantee liabilities of the Group’s guarantee services for its off-balance sheet loans under the commercial bank partnership model at fair value.

Loans Principal, Interest and_2

Loans Principal, Interest and Financing Service Fee Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Loans Principal, Interest and Financing Service Fee Receivables [Abstract]
Schedule of Loans Principal, Interest and Financing Service Fee Receivables	Note December 31, December 31, RMB RMB Home equity loans: (a) 8,993,547,621 9,189,524,787 Loans principal, interest and financing service fee receivables Less: allowance for credit losses (i) - Individually evaluated (12,247,836 ) (39,913,947 ) - Collectively evaluated (727,055,237 ) (685,916,740 ) Subtotal (739,303,073 ) (725,830,687 ) Net loans principal, interest and financing service fee receivables of home equity loan 8,254,244,548 8,463,694,100 Corporate loans: (e) Loans principal, interest and financing service fee receivables 463,254,567 626,229,041 Less: allowance for credit losses (24,693,114 ) (55,964,409 ) Net loans principal, interest and financing service fee receivables of corporate loan 438,561,453 570,264,632 Net loans principal, interest and financing service fee receivables 8,692,806,001 9,033,958,732
Schedule of Home Equity Loans	(a)Home equity loans December 31, 2022 December 31, 2023 Note First lien Second lien Subtotal First lien Second lien Subtotal RMB RMB RMB RMB RMB RMB Loans principal, interest and financing service fee receivables 3,360,094,375 5,633,453,246 8,993,547,621 3,477,208,979 5,712,315,808 9,189,524,787 Less: allowance for credit losses (i) - Individually evaluated (3,836,350 ) (8,411,486 ) (12,247,836 ) (13,099,754 ) (26,814,193 ) (39,913,947 ) - Collectively evaluated (286,300,001 ) (440,755,236 ) (727,055,237 ) (272,173,960 ) (413,742,780 ) (685,916,740 ) Subtotal (290,136,351 ) (449,166,722 ) (739,303,073 ) (285,273,714 ) (440,556,973 ) (725,830,687 ) Net loans principal, interest and financing service fee receivables 3,069,958,024 5,184,286,524 8,254,244,548 3,191,935,265 5,271,758,835 8,463,694,100
Schedule of Allowance for Credit Losses	The table below presents the components of allowances for credit losses for loans principal, interest and financing service fee receivables by impairment methodology with the recorded investment as of December 31, 2022 and 2023. December 31, 2023 Allowance for credit losses Allowance for credit losses First lien Second lien Subtotal First lien Second lien Subtotal Total RMB RMB RMB RMB RMB RMB RMB As of January 1 286,300,001 440,755,236 727,055,237 3,836,350 8,411,486 12,247,836 739,303,073 Provision for credit losses (9,998,235 ) 3,075,268 (6,922,967 ) 16,910,650 28,005,798 44,916,448 37,993,481 Charge-offs (51,262 ) (258,155 ) (309,417 ) (20,447,394 ) (25,852,778 ) (46,300,172 ) (46,609,589 ) (Decrease)/Increase in guaranteed recoverable assets (4,076,544 ) (29,829,569 ) (33,906,113 ) 4,240,046 2,358,226 6,598,272 (27,307,841 ) Recoveries - - - 8,560,102 13,891,461 22,451,563 22,451,563 As of December 31 272,173,960 413,742,780 685,916,740 13,099,754 26,814,193 39,913,947 725,830,687 Net loans principal, interest and financing service fee receivables 3,156,893,741 5,244,998,702 8,401,892,443 35,041,524 26,760,133 61,801,657 8,463,694,100 Recorded investment 3,429,067,701 5,658,741,482 9,087,809,183 48,141,278 53,574,326 101,715,604 9,189,524,787 December 31, 2022 Allowance for credit losses on loans collectively evaluated Allowance for credit losses on loans individually evaluated First lien Second lien Subtotal First lien Second lien Subtotal Total RMB RMB RMB RMB RMB RMB RMB As of January 1 357,239,453 557,131,501 914,370,954 32,968,721 28,511,176 61,479,897 975,850,851 Provision for credit losses (8,058,972 ) (19,852,708 ) (27,911,680 ) 72,834,526 98,794,363 171,628,889 143,717,209 Charge-offs (1,318,568 ) - (1,318,568 ) (7,843,977 ) (44,833,079 ) (52,677,056 ) (53,995,624 ) Decrease in guaranteed recoverable assets (61,561,912 ) (96,523,557 ) (158,085,469 ) (102,009,203 ) (87,525,498 ) (189,534,701 ) (347,620,170 ) Recoveries - - - 7,886,283 13,464,524 21,350,807 21,350,807 As of December 31 286,300,001 440,755,236 727,055,237 3,836,350 8,411,486 12,247,836 739,303,073 Net loans principal, interest and financing service fee receivables 3,036,599,198 5,127,455,016 8,164,054,214 33,358,826 56,831,508 90,190,334 8,254,244,548 Recorded investment 3,322,899,199 5,568,210,252 8,891,109,451 37,195,176 65,242,994 102,438,170 8,993,547,621
Schedule of Aging of Allowance for Credit Losses	The following tables present the aging of allowance for credit losses as of December 31, 2023. Total current 1 - 30 days 31 - 90 days 91 - 180 days Total loans RMB RMB RMB RMB RMB First lien 129,317,384 68,099,373 74,757,203 13,099,754 285,273,714 Second lien 216,620,880 93,622,706 103,499,194 26,814,193 440,556,973 Allowance for credit losses 345,938,264 161,722,079 178,256,397 39,913,947 725,830,687 Total current 1 - 30 days 31 - 90 days 91 - 180 days Total loans RMB RMB RMB RMB RMB First lien 116,931,309 82,519,839 86,848,853 3,836,350 290,136,351 Second lien 217,523,905 118,193,115 105,038,216 8,411,486 449,166,722 Allowance for credit losses 334,455,214 200,712,954 191,887,069 12,247,836 739,303,073
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables	The following tables provides information on delinquency, which is the primary credit quality indicator for loan principal and financing service fee receivables as of December 31, 2023. Total 1 - 30 days 31 - 90 days 91 - 180 days 181 - 270 days 271 - 360 days 361 days Total Total RMB RMB RMB RMB RMB RMB RMB RMB RMB First lien 2,871,408,359 287,844,375 269,814,967 28,055,593 5,119,297 5,309,947 9,656,441 3,477,208,979 48,141,278 Second lien 4,888,992,128 395,912,366 373,836,988 41,784,891 4,009,534 2,479,591 5,300,310 5,712,315,808 53,574,326 Loans principal, interest and financing service fee receivables 7,760,400,487 683,756,741 643,651,955 69,840,484 9,128,831 7,789,538 14,956,751 9,189,524,787 101,715,604 Total 1 - 30 days 31 - 90 days 91 - 180 days 181 - 269 days 270 - 360 days 361 days Total Total RMB RMB RMB RMB RMB RMB RMB RMB RMB First lien 2,623,540,867 359,502,111 339,856,221 11,173,004 4,686,900 2,446,894 18,888,378 3,360,094,375 37,195,176 Second lien 4,642,390,047 515,066,306 410,753,899 16,756,322 22,661,421 9,951,192 15,874,059 5,633,453,246 65,242,994 Loans principal, interest and financing service fee receivables 7,265,930,914 874,568,417 750,610,120 27,929,326 27,348,321 12,398,086 34,762,437 8,993,547,621 102,438,170
Schedule of Non-Accrual Loans	(1)Non-accrual loans summary Recorded investment Unpaid Non-accrual loans Non-accrual loans with related allowance for credit losses Non-accrual loans without related allowance for credit losses Related allowance for credit losses RMB RMB RMB RMB RMB First lien 42,315,372 48,141,278 27,245,188 20,902,542 13,099,754 Second lien 49,134,017 53,574,326 40,927,852 12,640,022 26,814,193 As of December 31, 2023 91,449,389 101,715,604 68,173,040 33,542,564 39,913,947 First lien 32,981,329 37,195,176 8,776,965 28,418,212 3,836,350 Second lien 62,134,501 65,242,994 15,257,298 49,985,695 8,411,486 As of December 31, 2022 95,115,830 102,438,170 24,034,263 78,403,907 12,247,836
Schedule of Average Recorded Investment in Impaired Loans	(2)Average recorded investment in non-accrual loans Year ended December 31, 2022 Year ended December 31, 2023 Average recorded investment Interest and fees income recognized Average recorded investment Interest and fees income recognized RMB RMB RMB RMB First lien 73,035,747 82,191,331 55,368,819 118,164,396 Second lien 78,248,017 83,791,498 74,194,759 135,686,886 Non-accrual loans 151,283,764 165,982,829 129,563,578 253,851,282

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
Investment Securities (Tables)	Dec. 31, 2023
Investment Securities [Abstract]
Schedule of Short Term Investments, Debt Securities and Convertible Bonds	Investment securities consist of short term investments , Note December 31, December 31, RMB RMB Short term investments (a) 244,337,727 146,486,668 Debt securities (b) 274,306,834 231,922,043 Convertible bonds (c) - 35,499,500 Total 518,644,561 413,908,211
Schedule of Carrying Amount and Fair Value of the Investment Securities	The carrying amount and fair value of the investment securities by major security type and class of security as of December 31, 2022 and 2023 was as follows: Aggregate Profits and Aggregate RMB RMB RMB As of December 31, 2023: Wealth management products 151,456,194 (4,969,526 ) 146,486,668 Total 151,456,194 (4,969,526 ) 146,486,668 Aggregate Profits and Aggregate RMB RMB RMB As of December 31, 2022: Wealth management products 243,542,140 795,587 244,337,727 Total 243,542,140 795,587 244,337,727

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
Property and Equipment (Tables)	Dec. 31, 2023
Property and Equipment [Abstract]
Schedule of Property and Equipment	December 31, December 31, RMB RMB Office and other equipment 18,167,730 20,395,676 Leasehold improvements 16,904,137 16,192,039 Motor vehicles 2,372,413 3,095,131 Less: accumulated depreciation (35,160,018 ) (31,523,896 ) Total 2,284,262 8,158,950

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
Intangible Assets and Goodwill (Tables)	Dec. 31, 2023
Intangible Assets and Goodwill [Abstract]
Schedule of Intangible Assets and Goodwil	Note December 31, December 31, RMB RMB Intangible assets (a) 3,487,733 3,014,944
Schedule of Intangible Assets	December 31, 2022 December 31, 2023 Gross Accumulated Net carrying Gross Accumulated Net carrying RMB RMB RMB RMB RMB RMB Amortized intangible assets: Software 10,793,974 (10,276,241 ) 517,733 10,383,659 (10,338,715 ) 44,944 Cooperation agreement 5,030,000 (5,030,000 ) - 5,030,000 (5,030,000 ) - Total amortized intangible assets 15,823,974 (15,306,241 ) 517,733 15,413,659 (15,368,715 ) 44,944 Unamortized intangible assets: Trademarks 2,970,000 2,970,000
Schedule of Amortization Expense for Current Year and Future Periods	The Group based its projections of amortization expense shown below on existing asset balances as of December 31, 2023. Future amortization expense may vary from these projections. Software RMB Year ended December 31, 2023(actual) 518,903 Estimate for year ended December 31, 2024 23,581 2025 14,242 2026 7,121 2027 - 2028 -

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
Other Assets (Tables)	Dec. 31, 2023
Schedule of Other Assets [Abstract]
Schedule of Other Assets	Note December 31, December 31, RMB RMB Guarantee deposits (i) 243,470,845 385,472,848 Receivables from sales of loans (ii) 32,469,152 269,284,889 Prepayments (iii) 126,002,874 278,261,279 Purchased loans with credit deterioration (iv) - 135,274,471 Receivables for default guarantee payments (v) 31,022,975 4,171,474 Receivables from loan facilitation service (vi) 49,963,322 71,113,890 Receivables of guarantee service (vii) 97,552,160 57,030,910 Non-marketable equity securities (viii) 49,010,000 38,178,264 Amounts due from employees (ix) 3,120,120 5,172,406 Other receivables 37,277,452 30,130,988 Total 669,888,900 1,274,091,419 (i) Guarantee deposits are deposits that the Group provided, through Guangdong Nanfeng Financial Guarantee Group Co., Ltd (“Guangzhou Nanfeng”), a company that holds a financial guarantee license, for loans granted (a) under its consolidated VIE Zhonghai Lanhai Structured Fund 30-X, which is not structured in a stratified way and requires guarantee from a third party, and (b) under the cooperation with commercial banks for loan facilitation, post-facilitation and guarantee services, refer to Note 2(e)(ii) Off-balance sheet loans. (ii) As mentioned in Note 5, the Group transferred the delinquent loans to third parties so that the Group could collect the payment more quickly than to simply dispose the collaterals through litigation. The loan is derecognized if the Group does not retain any risk and rewards after transferring the loan. Such transfer would be recorded as sales according to ASC 860-10-40-5. There is no constrain on the transferee’s rights to pledge or exchange, and the Group will not maintain effective control on the transferred loans for which the transferred loans are accounted for as sales without repurchase agreements. As of December 31, 2023, the Group transferred loans with balances amounting to RMB478,204,375 to Guangzhou Restructuring No.1 Investment Center (Limited Partnership) for transfer price of RMB232,093,576. (iii) Prepaid accounts mainly include litigation fees, rent, water, electricity and property management and network charges prepaid in the daily operation of the Group. Another important component is the prepayment of building purchase. In 2022, CNFinance entered into a contract with a third-party company for the purchase of commercial properties as office buildings for its own use. As of December 31, 2023, the Group has paid RMB151,111,771 as agreed in the contract and this amount is being recognized in the account prepaid, as the building is not delivered. (iv) The purchased loans with credit deterioration are overdue loans repurchased at par value by the Group from commercial banks under the commercial bank partnership model. In 2023, the Group started purchasing loans with credit deterioration, totaling RMB727,469,577. As of 31 December 2023, the purchased loans with credit deterioration amounted to RMB196,663,638 and allowance for credit loss amounted to RMB61,389,167. The amount of loans disbursed in 2021, 2022 and 2023 is RMB229,396, RMB98,544,251, and RMB97,889,991, respectively. (v) Under the commercial bank partnership model when a borrower is overdue for a certain number of days, the Group pays interest to the bank on behalf of the borrower, which is subsequently charged to the borrower, and this amount accounts for the receivables for default guarantee payments. (vi) Under the commercial bank partnership model, the Group provides loan facilitation services and post-facilitation services. (vii) Under the commercial bank partnership model, the Group calculates the guarantee obligation and recognizes the guarantee fee receivable. (viii) The measurement alternative is selected for the non-marketable equity securities. Under the measurement alternative, the equity securities without readily determinable fair value are measured at cost minus impairment and adjusted for changes in observable prices. In June 2016, the Group invested 10,003,334 shares at RMB3.00 per share, which represents 2.14% of the paid-in capital, in Guangdong Qingyuan Rural Commercial Bank (“Qingyuan Rural”). The Group transferred 2 million shares to an unrelated third party at RMB3.00 per share which is same as the investment cost on September 18, 2019. Qingyuan Rural paid stock dividends of 224,093 shares and 61,705 shares on April 28, 2022 and April 27, 2023, respectively, and the Group’s cost of investment decreased from RMB3.00 per share to RMB2.90 per share. The Group transferred 1.7 million shares to an unrelated third party at RMB2.00 per share and recognized an investment loss of RMB1,524,159 for RMB2.90 per share on December 26, 2023. As of December 31, 2023, the Group has invested RMB19,085,841 in Qingyuan Rural. Due to the change in observable price in 2023, the Group recognized an impairment of RMB5,907,577 based on most recent transaction price of RMB2.00 per share. In January 2022, the Group and Guangzhou Minghui set up Guangzhou Mingfeng Partnership (“Guangzhou Mingfeng”). The total paid-in capital was RMB40,000,000 and the Group has invested RMB25,000,000 in Guangzhou Mingfeng as limited partner. No change in observable price has been identified and no impairment has been recorded for the two years of 2022 and 2023. (ix) Amounts due from employees mainly include temporary advances to employees for payments on behalf of the Group.
Schedule of Provides Information on Delinquency	The following tables provides information on delinquency, which is the primary credit quality indicator for purchased loans with credit deterioration as of December 31, 2023. 31 - 90 days 91 - 180 days 181 - 270 days Total RMB RMB RMB RMB Purchased loans with credit deterioration 134,956,909 44,444,750 17,261,979 196,663,638
Schedule of Allowance for Credit Loss	The table below sets forth the movement of allowance for credit loss for the years ended December 31, 2023: 2023 RMB As of January 1 - Provision for credit losses 74,133,669 Charge-offs (12,744,502 ) Recoveries - As of December 31 61,389,167

Interest-Bearing Borrowings (Ta

Interest-Bearing Borrowings (Tables)	12 Months Ended
Interest-Bearing Borrowings (Tables)	Dec. 31, 2023
Interest-Bearing Borrowings [Abstract]
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity	fair value of the financial assets transferred may decline below the amount of obligation to reacquire the financial assets, and therefore create an obligation to pledge additional amounts, or to replace collaterals pledged, and (2) the Group does not have sufficient liquidity to repurchase the financial assets at the transaction’s maturity. Note Fixed interest rate per annum Term December 31, December 31, RMB RMB Repurchase agreements Funds obtained from financial institutions (i) 10.0% to 13.8 % Within 2 years 111,593,865 681,556,262 Interest payable to financial institutions (i) 1,048,145 5,025,192 Total repurchase agreements 112,642,010 686,581,454
Schedule of Repurchase Agreement	As of December 31, 2023, the amount of funds obtained from Changzhou Huitong and the interest payable are RMB28,799,109 and RMB540,596, respectively. December 31, December 31, RMB RMB Underlying collateral types of gross obligations Repurchase agreements: Loans principal, interest and financing service fee receivables 111,593,865 681,556,262 Total repurchase agreements 111,593,865 681,556,262
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements	The below table provides the contractual maturities of the gross obligations under repurchase agreements. Overnight Up to 30 30 to 90 Greater than Total gross RMB RMB RMB RMB RMB Repurchase agreements As of December 31, 2023 - - - 681,556,262 681,556,262 As of December 31, 2022 - - - 111,593,865 111,593,865
Schedule of Other Borrowings	Other borrowings Other borrowings Note Fixed interest Term December 31, December 31, RMB RMB Short-term: Investors of consolidated VIEs (i) 5.1% to 9.7 % Less than 1 year 5,675,480,078 6,428,349,468 Long-term: Investors of consolidated VIEs (i) 5.5% to 10.2 % 1 - 5 years 1,991,623,976 1,679,000,689 Commercial bank A (ii) 4.5 % 10 years - 74,870,833 Commercial bank B (iii) 4.1 % 30 years - 22,250,000 Interest payable to Investors of consolidated VIEs (i) 60,455,283 39,144,391 Total 7,727,559,337 8,243,615,381 (i) The financial liabilities arising from the VIEs with underlying investments in loans to customers are classified as payable in these consolidated financial statements. It is because the Group has an obligation to pay senior tranches holders upon maturity dates based on the related terms of those consolidated structured funds. As of December 31, 2023, the borrowings from VIEs have principal RMB8,107,350,157, bearing interests from 5.1% to 10.2% per year. (ii) In December 2023, the Group entered into a 10-year loan agreement with a commercial bank in the PRC, with total principal of RMB75,500,000. The borrowing bear annual interest rate of 4.5% in 2023 and were secured by the Group’s recently purchased office buildings. As of December 31, 2023, the outstanding loan principal was RMB74,870,833. (iii) In November 2023, the Group entered into a 30-year loan agreement with a commercial bank in the PRC, with total principal of RMB22,250,000. The borrowing bear annual interest rate of 4.1% and were secured by the Group’s recently purchased real estate property. As of December 31, 2023, the outstanding loan principal was RMB22,250,000.
Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations	Aggregate annual maturities of long-term borrowing obligations (based on final maturity dates) are as follows: December 31, 2023 2024 2025 2026 2027 2028 Thereafter Total RMB RMB RMB RMB RMB RMB RMB Investors of consolidated VIEs - 1,240,300,000 98,400,000 2,350,689 - 337,950,000 1,679,000,689 Commercial bank A 7,550,000 7,550,000 7,550,000 7,550,000 7,550,000 37,120,833 74,870,833 Commercial bank B 386,388 402,531 419,349 436,869 455,121 20,149,742 22,250,000 Total 7,936,388 1,248,252,531 106,369,349 10,337,558 8,005,121 395,220,575 1,776,121,522 December 31, 2022 2023 2024 2025 2026 2027 Thereafter Total RMB RMB RMB RMB RMB RMB RMB Investors of consolidated VIEs - 1,084,492,735 237,055,841 13,075,400 - 657,000,000 1,991,623,976 Total - 1,084,492,735 237,055,841 13,075,400 - 657,000,000 1,991,623,976
Schedule of Pledge Assets	The Group pledges certain assets to secure borrowings under agreements to repurchase and other borrowings. The table provides the total carrying amounts of pledged assets by asset types . December 31, December 31, RMB RMB Loans principal, interest and financing service fee receivables 147,257,249 2,163,917,080 Office buildings - 151,111,771 Real estate property - 44,500,000 Total 147,257,249 2,359,528,851

Credit Risk Mitigation Positi_2

Credit Risk Mitigation Position (Tables)	12 Months Ended
Credit Risk Mitigation Position (Tables)	Dec. 31, 2023
Schedule of Credit Risk Mitigation Position [Abstract]
Schedule of Credit Risk Mitigation Position	December 31, December 31, RMB RMB Balance at the beginning of the year 1,348,449,426 1,354,653,070 Increase during the year 960,663,187 767,794,395 Decrease during the year (883,079,007 ) (532,841,138 ) Confiscation during the year (71,380,536 ) (422,763 ) Balance at the end of the year 1,354,653,070 1,589,183,564

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
Other Liabilities (Tables)	Dec. 31, 2023
Other Liabilities [Abstract]
Schedule of Other Liabilities	Note December 31, December 31, RMB RMB Guarantee repayments from sales partner (i) 416,698,397 745,949,231 Guarantee liabilities (ii) 230,867,505 348,687,842 Settlement and clearing accounts (iii) 135,652,186 185,879,704 Collaboration cost payable (iv) 50,393,275 77,772,200 Other tax payable (v) 74,985,486 67,039,714 Receipt in advance (vi) 35,645,384 39,640,024 Customer pledged deposits (vii) 39,296,162 39,136,313 Amounts due to third parties (viii) 18,591,226 15,634,165 Accrued expenses (ix) 16,486,002 7,308,342 Others (x) 9,855,045 3,644,317 Total 1,028,470,668 1,530,691,852 (i) Under the collaboration model, sales partners are required to provide a certain level of guarantee of repayment for loans recommended. Guarantee repayments from sales partner mainly consist of repayments collected from sales partners who exercise the guarantee, and those repayments will be returned to trust company. (ii) In 2021, the Group started to cooperate with a third-party financing guarantee corporation, Guangzhou Nanfeng, that directly provides guarantee services to commercial banks. According to relevant financial guarantee arrangements, Guangzhou Nanfeng will fulfil its obligations to purchase defaulted loans. However, the Group is required to provide deposits and replenish such deposits from time to time to Guangzhou Nanfeng for its obligations of purchasing defaulted loans. Effectively, the Group provides back-to-back guarantee to Guangzhou Nanfeng and takes on all of the credit risk of the borrowers. These financial guarantee contracts are accounted for as guarantee liabilities under ASC 460, Guarantees. Maximum potential undiscounted future payment that the Group would be required to make were RMB2.45 billion and RMB4.06 billion, as of December 31, 2022 and December 31, 2023, respectively. The Group recognized both a stand-ready guarantee liability under ASC 460 with an associated guarantee receivable, amounting RMB82,385,089 and RMB57,132,677 for fiscal year 2022 and 2023, respectively, amounting RMB148,482,416 and RMB291,555,165 (iii) The Group transferred loans to third party investors and recorded these transactions as sales in Note 5(c). After the transfer, the contract terms related to payment proceeds from the loans remain the same: The Group collects payments of loans and then disburses the proceeds from the relevant loans to third-party transferees. (iv) The collaboration cost for sales partners is a percentage of the loan principal amount that the sales partners recommended to the Group and is calculated by subtracting the project cost, a cost which is agreed between the Group and the sales partners that will vary based on different terms of loans, from interest and fees income received from borrowers. (v) Other tax payables mainly represent value-added tax and surcharges payables. (vi) Receipt in advance consists of advance for interest and financing service fees on loans and down payments of loans held-for-sale by loan transferees. (vii) Customer pledged deposits mainly consist of the deposits collected from certain customers to reduce the risk of failure to make payments on schedule. (viii) Amounts due to third parties are payments to be paid for third parties. (ix) Accrued expenses mainly consist of promotional costs relating to building the collaboration model and expenses payable to consultants such as the auditor and lawyer. (x) Other liabilities are expected to be settled or recognized as income within one year or are repayable on demand.
Schedule of Contingent Guarantee Liabilities	The table below sets forth the movement of contingent guarantee liabilities for the years ended December 31, 2022 and 2023: 2022 2023 RMB RMB As of January 1 3,182,958 148,232,216 Provision for credit losses 145,049,258 149,512,430 Payouts during the year - (156,233,140 ) Increase in guaranteed recoverable assets - 150,043,659 As of December 31 148,232,216 291,555,165

Retained Earnings (Tables)

Retained Earnings (Tables)	12 Months Ended
Retained Earnings (Tables)	Dec. 31, 2023
Retained Earnings [Abstract]
Schedule of Retained Earnings	Note December 31, December 31, RMB RMB PRC statutory reserves (i) 258,654,052 258,654,052 PRC surplus reserves (ii) 169,552,789 173,958,994 Unreserved retained earnings 2,530,509,454 2,671,343,496 Total 2,958,716,295 3,103,956,542 (i) With effect from July 1, 2012, pursuant to the “Administrative Measures on Accrual of Provisions by Financial Institutions” issued by the Ministry of Finance in March 2012, the Group is required, in principle, to set aside a general reserve not lower than 1.5% of the ending balance of its gross risk-bearing assets. (ii) In accordance with the Company’s PRC subsidiaries’ articles of associate, the subsidiaries are required to appropriate 10% of their net incomes, upon approval by board of directors.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Losses (Tables)	12 Months Ended
Accumulated Other Comprehensive Losses (Tables)	Dec. 31, 2023
Accumulated Other Comprehensive Losses [Abstract]
Schedule of Accumulated Other Comprehensive Losses	Balance as of Other Balance as of RMB RMB RMB Foreign currency translation adjustment (25,393,515 ) 15,181,518 (10,211,997 ) Total (25,393,515 ) 15,181,518 (10,211,997 ) Balance as of Other Balance as of RMB RMB RMB Foreign currency translation adjustment (10,211,997 ) 867,116 (9,344,881 ) Total (10,211,997 ) 867,116 (9,344,881 )

Interest and Fees Income (Table

Interest and Fees Income (Tables)	12 Months Ended
Interest and Fees Income (Tables)	Dec. 31, 2023
Schedule of Interest and Fees Income Costs [Abstract]
Schedule of Interest and Fees Income Costs	Year ended December 31, Note 2021 2022 2023 RMB RMB RMB Interest and financing service fees on loans (i) 1,770,351,645 1,574,074,534 1,580,001,675 - Interest income 1,759,906,523 1,573,405,364 1,579,868,355 - Financing service fees 10,445,122 669,170 133,320 Interest income charged to sales partners (ii) 33,448,660 122,019,472 134,542,337 Interest income on debt securities (iii) - 22,195,046 20,468,849 Interest on deposits with banks 11,973,675 13,063,523 19,582,159 Total 1,815,773,980 1,731,352,575 1,754,595,020 (i) Interest and financing service fees on loans, which include financing service fees on loans, are recognized in the consolidated statements of comprehensive income using the effective interest method. Financing service fees on loans, are deferred and amortized over the contractual life of the related loans utilizing the effective interest method. (ii) Interest income charged to sales partners refers to the cost of and interest on the partner’s instalment repurchase options under collaboration model. (iii) Interest income on debt securities in forms of partnership investment and corporate debt securities. Please refer to note 6(b).

Provision for Credit Losses, _2

Provision for Credit Losses, Net of Increase in Guaranteed Recoverable Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Provision for Credit Losses [Abstract]
Schedule of Provision for Credit Losses	Year ended December 31, 2021 2022 2023 RMB RMB RMB Home equity loans 257,624,013 (55,755,647 ) 57,110,646 Corporate loans - (24,693,114 ) (31,271,295 ) Debt securities (5,403,084 ) (10,565,475 ) 6,209,195 Guarantee liabilities (3,182,958 ) (145,049,258 ) (149,512,430 ) Interest and financing service fee receivables 49,429,922 7,947,030 5,020,090 Other assets - (9,968,399 ) (64,839,204 ) Total 298,467,893 (238,084,863 ) (177,282,998 )

Other Gains, Net (Tables)

Other Gains, Net (Tables)	12 Months Ended
Other Gains, Net (Tables)	Dec. 31, 2023
Schedule of Other Gains, Net [Abstract]
Schedule of Other Gains, Net	Year ended December 31, Note 2021 2022 2023 RMB RMB RMB Foreign exchange gains (i) 786,080 7,355,135 3,589,629 Net gains on confiscated credit risk mitigation positions (ii) 12,733,681 71,380,536 422,763 Profits/(losses) from fair value changes (iii) 1,101,669 (362,855 ) (5,765,113 ) Net loss on disposal of property and equipment (328,262 ) (30,742 ) (147,644 ) Others 7,768,674 11,571,964 6,747,962 Total 22,061,842 89,914,038 4,847,597 (i) The changes of foreign exchange gain are mainly due to exchange rate changes in cash and cash equivalents held by the Group, including US dollar account and Hong Kong dollar account. (ii) Sales partners provide CRMPs as security deposits. Pursuant to the collaboration agreements if the debtor’s loan principal repayments or accrued interests are past due or the loan is in default, sales partners are obliged to fulfill their guaranteed responsibility by selecting among different approaches, otherwise the CRMPs deposited by sales partners are confiscated by the Group, refer to Note 1. (iii) Profits/(losses) from fair value change refers to gains or losses resulting from changes in the fair value of investment securities.

Other Expenses (Tables)

Other Expenses (Tables)	12 Months Ended
Other Expenses (Tables)	Dec. 31, 2023
Other Expenses [Abstract]
Schedule of Other Expenses	Year ended December 31 2021 2022 2023 RMB RMB RMB Advertising and promotion expenses 29,171,942 32,412,727 49,828,134 Consulting fees 9,330,732 12,016,260 17,480,308 Entertainment and travelling expenses 10,793,089 9,740,873 15,252,790 Office and commute expenses 10,711,801 7,791,694 10,792,783 Post-loan management expenses - - 10,481,523 Directors and officers liability insurance 3,545,117 3,474,151 3,613,489 Communication expenses 3,861,529 2,424,242 2,826,369 Research and development expenses 1,602,095 760,465 1,791,754 Depreciation and amortization 3,821,788 2,244,279 1,753,032 Litigation and attorney fees 18,697,784 7,680,633 1,714,117 Others 8,964,511 7,344,173 5,986,473 Total 100,500,388 85,889,497 121,520,772

Income Tax Expense (Tables)

Income Tax Expense (Tables)	12 Months Ended
Income Tax Expense (Tables)	Dec. 31, 2023
Schedule of Income Tax Expense Relates to the PRC [Abstract]
Schedule of Income Tax Expense Relates to the PRC	Income tax expense, all of which relates to the PRC, consists of the following for the years ended December 31, 2021, 2022 and 2023: Year ended December 31 2021 2022 2023 RMB RMB RMB Current tax expense 218,567,885 171,146,093 57,510,432 Deferred tax benefit (190,009,905 ) (133,913,450 ) (16,493,414 ) Total income tax expense 28,557,980 37,232,643 41,017,018
Schedule of Components of the Deferred Tax Assets and Liabilities	The principal components of the deferred tax assets and liabilities are as follows: Year ended December 31 2022 2023 RMB RMB Deferred tax assets: Allowance for credit losses 316,744,794 299,171,819 Debt securities 3,992,140 2,439,841 Guarantee liabilities 37,120,604 78,276,760 Net operating loss carry-forwards 9,116,290 10,041,747 Lease liabilities 7,145,869 6,518,368 Receivables from sales of loans - 2,861,697 Other deferred tax assets 669,876 707,887 Total deferred tax assets 374,789,573 400,018,119 Valuation allowance (9,116,290 ) (10,041,747 ) Deferred tax assets, net of valuation allowance 365,673,283 389,976,372 Net deferred tax assets 76,904,707 92,224,714 Deferred tax liabilities: Intangible assets (742,500 ) (742,500 ) Short term investments (171,864 ) (20,756 ) Right-of-use assets (7,444,339 ) (6,956,985 ) Intercompany receivables (41,988,923 ) (41,453,522 ) Guarantee assets (181,602,700 ) (218,757,757 ) Undistributed earnings from structured funds (130,570,272 ) (102,398,753 ) Total deferred tax liabilities (362,520,598 ) (370,330,273 ) Net deferred tax liabilities (73,752,022 ) (72,578,615 )
Schedule of Movement of Valuation Allowance	Movement of valuation allowance: Year ended December 31 2021 2022 2023 RMB RMB RMB At the beginning of year 10,443,239 15,226,575 9,116,290 Current year additions 7,238,296 613,314 2,096,152 Current year reversals (2,427,869 ) (6,722,726 ) (722,911 ) Current year expiration of carry-forwards (27,091 ) (873 ) (447,784 ) Net change in the valuation allowance 4,783,336 (6,110,285 ) 925,457 At the end of year 15,226,575 9,116,290 10,041,747
Schedule of Income Before Income Tax Expense	Income before income tax expense is as follows: Year ended December 31 2021 2022 2023 RMB RMB RMB Cayman Islands (189,507 ) (477,322 ) (9,006,814 ) BVI (247 ) (20,803 ) 4,407,292 Hong Kong (11,202,740 ) 2,773,547 (1,168,618 ) PRC 105,157,938 170,308,632 211,402,719 Total 93,765,444 172,584,054 205,634,579
Schedule of Reconciliation of Statutory Income Tax Rate to the Effective Income Tax Rate	The reconciliation of the PRC statutory income tax rate of 25%, the income tax rate of the jurisdiction where the Group has substantially all of its operations, to the effective income tax rate is as follows: Year ended December 31 2021 2022 2023 RMB RMB RMB PRC statutory income tax rate 25.00 % 25.00 % 25.00 % (Decrease)/increase in effective income tax rate resulting from: Tax holiday - (1.42 )% (3.48 )% Tax-free income (10.63 )% (1.36 )% (2.64 )% Non-deductible share option expense 5.00 % 0.84 % 0.91 % Other non-deductible expenses 2.56 % 0.67 % 0.42 % Zero tax rate in foreign countries 0.05 % 0.07 % 0.84 % Differential and preferential tax rates 3.05 % (0.4 )% (0.11 )% Changes in valuation allowance 5.14 % (3.54 )% 0.67 % Research and development super-deduction - - (1.01 )% Changes in unrecognized tax benefits - 0.31 % (0.82 )% Others 0.29 % 1.40 % 0.17 % Effective income tax rate 30.46 % 21.57 % 19.95 %

Earning Per Share (Tables)

Earning Per Share (Tables)	12 Months Ended
Earning Per Share (Tables)	Dec. 31, 2023
Earnings per share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2021, 2022 and 2023: Year ended December 31 2021 2022 2023 RMB RMB RMB Net income 65,207,464 135,351,411 164,617,561 Basic weighted average number of common shares outstanding 1,371,643,240 1,371,643,240 1,371,643,240 Effect of dilutive share options 154,246,831 155,453,871 74,254,198 Dilutive weighted average number of ordinary shares 1,525,890,071 1,527,097,111 1,445,897,438 Basic earnings per share 0.05 0.10 0.12 Diluted earnings per share 0.05 0.09 0.11

Share-Based Compensation Expe_2

Share-Based Compensation Expenses (Tables)	12 Months Ended
Share-Based Compensation Expenses (Tables)	Dec. 31, 2023
Share-Based Compensation Expenses [Abstract]
Schedule of Estimated Fair Value of Binomial Option Pricing Model	Excluding the options containing service vesting conditions, the Group calculated the estimated fair value of the options on the respective grant dates using a binomial option pricing model with assistance from independent valuation firms, with the following assumptions: Share awards Share awards Share awards Expected volatility 40.00 % 41.52 % 59.27 % Expected dividends - - - Risk-free interest rate 3.10 % 3.12 % 2.08 % Expected term (in years) 5 5 - Expected life (in years) 6 8 1
Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants	The following table sets forth the fair value of options and ordinary shares estimated at the dates of option grants indicated below with the assistance from an independent valuation firm. Date of options grant/modify Options Exercise Fair value Fair value of January 3, 2017 75,173,492 RMB 0.50 RMB 1.26 RMB 1.72 January 3, 2017 112,760,238 RMB 0.50 RMB 1.27 RMB 1.72 December 31, 2019 83,772,346 RMB 1.00 RMB 0.71 RMB 1.40 December 31, 2019 35,902,434 RMB 1.00 RMB 0.75 RMB 1.40 December 31, 2023 150,346,984 RMB 0.50 RMB 0.34 RMB 0.29

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
Operating Leases (Tables)	Dec. 31, 2023
Schedule of Operating Lease Cost and Other Supplemental Information [Abstract]
Schedule of Operating Lease Cost and Other Supplemental Information	The following tables present the operating lease cost and other supplemental information: Year ended December 31 2021 2022 2023 RMB RMB RMB Operating lease cost (1) 14,764,364 13,966,943 16,366,797 (1) Amounts include short-term leases that are immaterial. December 31, December 31, RMB RMB Weighted-average remaining lease term 3.59 Years 2.76 Years Weighted-average discount rate 4.75 % 4.74 % Cash paid for amounts included in the measurement of lease liabilities under operating cash flows 15,101,145 16,927,380 ROU assets obtained in exchange for new operating lease liabilities 29,777,357 27,827,938
Schedule of Reconciliation to the Lease Liabilities	The following represents the Group’s future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities (excluding short-term operating leases) as of December 31, 2023: Year ended December 31 RMB 2024 12,812,205 2025 6,691,928 2026 4,935,462 2027 3,427,888 2028 - Thereafter - Total future operating lease payments 27,867,483 Less: imputed interest (1,794,010 ) Total present value of operating lease liabilities 26,073,473

Condensed Financial Informati_2

Condensed Financial Information of the Parent Company (Tables) - Parent Company [Member]	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information of the Parent Company (Tables) [Line Items]
Schedule of Condensed Balance Sheets	Condensed balance sheets December 31, December 31, RMB RMB Assets Cash and cash equivalents 5,080,204 12,927,318 investment securities 11,320,828 5,305,137 Investments in subsidiaries 392,559,403 392,559,403 Other assets 212,636,091 196,071,985 Total assets 621,596,526 606,863,843 Liabilities and shareholders’ equity Accrued employee benefits 620,748 425,994 Other operating liabilities 10,827,876 12,485,706 Total liabilities 11,448,624 12,911,700 Ordinary shares (USD0.0001 par value; 3,800,000,000 shares authorized; 1,559,576,960 shares issued and 1,371,643,240 shares outstanding as of December 31, 2022 and December 31, 2023, respectively) 916,743 916,743 Treasury stock (87,631,475 ) (101,277,607 ) Additional paid-in capital 705,422,445 705,422,445 Retained earnings (7,944,752 ) (16,951,566 ) Accumulated other comprehensive losses (615,059 ) 5,842,128 Total shareholders’ equity 610,147,902 593,952,143 Total liabilities and shareholders’ equity 621,596,526 606,863,843
Schedule of Condensed Statements of Comprehensive Income	Condensed statements of comprehensive income Year ended December 31 2022 2023 RMB RMB Interest and fees income Interest income on debt securities 621,472 - Interest on deposits with banks 20,593 11,254 Total interest and fees income 642,065 11,254 Realized gains/(losses) on sales of investments, net 2,889,427 (5,691,380 ) Other (losses)/gains, net (22 ) 987,920 Total non-interest income 2,889,405 (4,703,460 ) Operating expenses Employee compensation and benefits (620,748 ) (892,811 ) Other expenses (3,388,044 ) (3,421,797 ) Total operating expenses (4,008,792 ) (4,314,608 ) Losses before income tax expense (477,322 ) (9,006,814 ) Net losses (477,322 ) (9,006,814 ) Other comprehensive income Foreign currency translation adjustment 23,937,221 6,457,187 Comprehensive income/ (losses) 23,459,899 (2,549,627 )
Schedule of Condensed Statements of Cash Flows	Condensed statements of cash flows Year ended December 31 2022 2023 RMB RMB Cash flows from operating activities: Net losses (477,322 ) (9,006,814 ) Other operating assets 67,500,641 22,579,797 Other operating liabilities 1,751,140 1,463,075 Net cash provided by operating activities 68,774,459 15,036,058 Cash flows from financing activities: Repurchase of ordinary shares (87,631,475 ) (13,646,132 ) Net cash used in financing activities (87,631,475 ) (13,646,132 ) Net (decrease)/ increase in cash and cash equivalents (18,857,016 ) 1,389,926 Cash and cash equivalents at the beginning of year - 5,080,204 Effect of exchange rate change on cash and cash equivalents 23,937,220 6,457,188 Cash and cash equivalents at the end of year 5,080,204 12,927,318

Concentration of Risks (Tables)

Concentration of Risks (Tables)	12 Months Ended
Concentration of Risks (Tables)	Dec. 31, 2023
Concentration of Risks [Abstract]
Schedule of Total Interest Bearing Borrowing	As of December 31, 2023, one of the Group’s main funding resources is borrowing from trust companies, among them, majority of the borrowings were acquired from Trust company A, B and C, each accounted for more than 10% of the Group’s total interest-bearing borrowing. Interest-bearing borrowing December 31, December 31, 2022 2023 % % Trust company A 59.5 % 56.4 % Trust company B 4.1 % 22.2 % Trust company C 13.4 % 14.4 % Total 77.0 % 93.0 %
Schedule of Outstanding Principal Balance of Loans to Borrowers	As of December 31, 2023, the outstanding principal balance of loans to borrowers introduced by sales partner A and its subsidiary B under the trust lending model represented 37.4% of the Group’s total balance of outstanding loan principal. Sales partners A and B provided 37.3% and 0.1%, respectively. The trust lending model December 31, December 31, 　 2022 2023 % % Sales partners A and B 23.0 % 37.4 % The commercial bank partnership model December 31, December 31, 　 2022 2023 　 % % Sales partners A, B, and C - 63.1 %
Schedule of Commercial Bank Partnership Model Loans	Guarantee services December 31, December 31, 　 2022 2023 　 % % Financing Guarantee Corporation A 98.5 % 98.2 %

Description of Business, Orga_3

Description of Business, Organization, and Basis of Presentation (Details) - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Structured Funds [Member]
Description of Business, Organization, and Basis of Presentation [Line Items]
Cash and cash equivalents	¥ 1,474,221,741	¥ 1,157,244,687

Description of Business, Orga_4

Description of Business, Organization, and Basis of Presentation (Details) - Schedule of Investment in Significant Subsidiaries	12 Months Ended
	Dec. 31, 2023
Sincere Fame International Limited [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	British Virgin Islands October 6, 2006
Registered capital	1,230,434
Issued and fully paid up capital	1,230,434
Principal activities	Investment Holding
Sincere Fame International Limited [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Sincere Fame International Limited [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
China Financial Services Group Limited [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	Hong Kong August 28, 2000
Registered capital	100,000,000
Issued and fully paid up capital	100,000,000
Principal activities	Investment Holding
China Financial Services Group Limited [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
China Financial Services Group Limited [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Fanhua Chuang Li Information Technology (Shenzhen) Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC December 21, 1999
Registered capital	400,000,000
Issued and fully paid up capital	400,000,000
Principal activities	Investment Holding
Fanhua Chuang Li Information Technology (Shenzhen) Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Fanhua Chuang Li Information Technology (Shenzhen) Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenzhen Fanhua United Investment Group Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC August 9, 2006
Registered capital	250,000,000
Issued and fully paid up capital	250,000,000
Principal activities	Investment Holding
Shenzhen Fanhua United Investment Group Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenzhen Fanhua United Investment Group Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Guangzhou Anyu Mortgage Consulting Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC January 23, 2003
Registered capital	2,220,000
Issued and fully paid up capital	2,220,000
Principal activities	Micro credit and mortgage agency services
Guangzhou Anyu Mortgage Consulting Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Guangzhou Anyu Mortgage Consulting Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Chongqing Fengjie Financial Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC June 13, 2010
Registered capital	500,000
Issued and fully paid up capital	500,000
Principal activities	Financial consultancy
Chongqing Fengjie Financial Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Chongqing Fengjie Financial Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Guangzhou Chengze Information Technology Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC December 11, 2006
Registered capital	3,000,000
Issued and fully paid up capital	3,000,000
Principal activities	Software development and maintenance
Guangzhou Chengze Information Technology Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Guangzhou Chengze Information Technology Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Chongqing Liangjiang New Area Fanhua Micro-credit Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC December 26, 2011
Registered capital	30,000,000
Issued and fully paid up capital	30,000,000
Principal activities	Micro credit and mortgage agency services
Chongqing Liangjiang New Area Fanhua Micro-credit Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Chongqing Liangjiang New Area Fanhua Micro-credit Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenzhen Fanhua Micro-credit Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC March 15, 2012
Registered capital	300,000,000
Issued and fully paid up capital	300,000,000
Principal activities	Micro credit and mortgage agency services
Shenzhen Fanhua Micro-credit Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenzhen Fanhua Micro-credit Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenzhen Fanhua Fund Management Services [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC June 8, 2012
Registered capital	5,000,000
Issued and fully paid up capital	5,000,000
Principal activities	Company register service
Shenzhen Fanhua Fund Management Services [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenzhen Fanhua Fund Management Services [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Guangzhou Heze Information Technology Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC September 16, 2010
Registered capital	20,000,000
Issued and fully paid up capital	20,000,000
Principal activities	Software development and maintenance
Guangzhou Heze Information Technology Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Guangzhou Heze Information Technology Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Beijing Lianxin Chuanghui Information Technology Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC February 2, 2012
Registered capital	10,000,000
Issued and fully paid up capital	10,000,000
Principal activities	Software development and maintenance
Beijing Lianxin Chuanghui Information Technology Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Beijing Lianxin Chuanghui Information Technology Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenzhen Fanlian Investment Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC November 26, 2012
Registered capital	30,000,000
Issued and fully paid up capital	30,000,000
Principal activities	Investment Holding
Shenzhen Fanlian Investment Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenzhen Fanlian Investment Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Fanhua Financial Leasing (Shenzhen) Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC September 4, 2012
Registered capital	10,000,000
Issued and fully paid up capital	10,000,000
Principal activities	Business Advisory
Fanhua Financial Leasing (Shenzhen) Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Fanhua Financial Leasing (Shenzhen) Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenzhen Fanhua Chengyu Finance Service Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC March 15, 2013
Registered capital	10,000,000
Issued and fully paid up capital	10,000,000
Principal activities	Labor outsourcing services
Shenzhen Fanhua Chengyu Finance Service Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenzhen Fanhua Chengyu Finance Service Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Beijing Fanhua Qilin Capital Management Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC December 26, 2016
Registered capital	100,000,000
Issued and fully paid up capital	10,000,000
Principal activities	Asset Management
Beijing Fanhua Qilin Capital Management Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Beijing Fanhua Qilin Capital Management Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	96%
Shijiazhuang Fanhua Financial Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC July 27, 2017
Registered capital	2,000,000
Issued and fully paid up capital
Principal activities	Financial Consultancy
Shijiazhuang Fanhua Financial Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shijiazhuang Fanhua Financial Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Nantong Shenfanlian Enterprise Management Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC September 8, 2017
Registered capital	5,000,000
Issued and fully paid up capital
Principal activities	Enterprise Management
Nantong Shenfanlian Enterprise Management Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Nantong Shenfanlian Enterprise Management Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenzhen Fancheng Business Operation Management Partnership (Limited Partnership) [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC June 22, 2018
Registered capital	500,000,000
Issued and fully paid up capital	34,550,000
Principal activities	Enterprise Management
Shenzhen Fancheng Business Operation Management Partnership (Limited Partnership) [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenzhen Fancheng Business Operation Management Partnership (Limited Partnership) [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Fanxiaoxuan Cultural Media (Guangzhou) Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC July 16, 2018
Registered capital	1,000,000
Issued and fully paid up capital
Principal activities	Enterprise Management
Fanxiaoxuan Cultural Media (Guangzhou) Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Fanxiaoxuan Cultural Media (Guangzhou) Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Guangzhou Fanze Information Technology Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC February 27, 2019
Registered capital	10,000,000
Issued and fully paid up capital
Principal activities	Software development and maintenance
Guangzhou Fanze Information Technology Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Guangzhou Fanze Information Technology Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Langfang Fanhua Technology Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC September 9, 2019
Registered capital	200,000
Issued and fully paid up capital
Principal activities	Software development and maintenance
Langfang Fanhua Technology Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Langfang Fanhua Technology Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Shenyang Fanhua Financial Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC November 18, 2019
Registered capital	1,000,000
Issued and fully paid up capital
Principal activities	Financial consultancy
Shenyang Fanhua Financial Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Shenyang Fanhua Financial Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Lanzhou Fanhua Enterprise Information Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Place and date of incorporation/ establishment	the PRC May 19, 2020
Registered capital	200,000
Issued and fully paid up capital
Principal activities	Enterprise Management
Lanzhou Fanhua Enterprise Information Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Lanzhou Fanhua Enterprise Information Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Haikou Fanhua Financial Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Registered capital	1,000,000
Issued and fully paid up capital
Principal activities	Financial consultancy
Haikou Fanhua Financial Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Haikou Fanhua Financial Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Ganzhou Shenzhen Fanlian Financial Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Registered capital	1,000,000
Issued and fully paid up capital
Principal activities	Financial consultancy
Ganzhou Shenzhen Fanlian Financial Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Ganzhou Shenzhen Fanlian Financial Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Fanhua Jinfu (Foshan) Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Registered capital	200,000,000
Issued and fully paid up capital
Principal activities	Financial consultancy
Fanhua Jinfu (Foshan) Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Fanhua Jinfu (Foshan) Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Guangzhou Nansha Weisen Technology Co., Ltd [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Registered capital	500,000
Issued and fully paid up capital
Principal activities	Software development and maintenance
Guangzhou Nansha Weisen Technology Co., Ltd [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Guangzhou Nansha Weisen Technology Co., Ltd [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Wuxi Shenzhen Fanlian Enterprise Management Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Registered capital	500,000
Issued and fully paid up capital
Principal activities	Enterprise Management
Wuxi Shenzhen Fanlian Enterprise Management Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Wuxi Shenzhen Fanlian Enterprise Management Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%
Ningbo Lianyi Technological Advisory Co., Ltd. [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Registered capital	50,000,000
Issued and fully paid up capital
Principal activities	Financial consultancy
Ningbo Lianyi Technological Advisory Co., Ltd. [Member] \| Direct [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group
Ningbo Lianyi Technological Advisory Co., Ltd. [Member] \| Indirect [Member]
Schedule of Investment in Significant Subsidiaries [Line Items]
Percentage of equity attributable to the Group	100%

Description of Business, Orga_5

Description of Business, Organization, and Basis of Presentation (Details) - Schedule of Investments in the Consolidated VIEs - Variable Interest Entities [Member]	12 Months Ended
	Dec. 31, 2023
No. 50 Jinghua Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 9, 2014
Principal activities	Micro credit
Bohai Trust Shenfanlian Micro Finance Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 14, 2016
Principal activities	Micro credit
Bohai Huihe SME Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 29, 2017
Principal activities	Micro credit
Beijing Fanhua Micro-credit Company Limited [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC August 10, 2012
Principal activities	Micro credit
Zhonghai Lanhai Structured Fund 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC July 18, 2018
Principal activities	Micro credit
Bohai Trust No.1 Huiying Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 10, 2018
Principal activities	Micro credit
Bohai Trust No.2 Shenzhen Fanhua United Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 28, 2018
Principal activities	Micro credit
Jinghua Structured Fund 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC May 8, 2019
Principal activities	Micro credit
Hunan Structured Fund 2019-1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 23, 2019
Principal activities	Micro credit
Hunan Structured Fund 2019-2 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 23, 2019
Principal activities	Micro credit
Shaanxi International Xinglong Structured Fund 1-1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 6, 2019
Principal activities	Micro credit
Shaanxi International Xinglong Structured Fund 2-1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 24, 2019
Principal activities	Micro credit
No. 50 Jinghua Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC April 26, 2019
Principal activities	Micro credit
No. 70 Jinghua Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC December 25, 2020
Principal activities	Micro credit
Shaanxi International Xinglong Structured Fund 22-1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC June 22, 2020
Principal activities	Micro credit
No. 74 Jinghua Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 26, 2020
Principal activities	Micro credit
Hunan Structured Fund 2020-1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC December 8, 2020
Principal activities	Micro credit
Shaanxi International Xinglong Structured Fund 2-2 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC January 26, 2021
Principal activities	Micro credit
Zhonghai Lanhai Structured Fund 30-X [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC March 17, 2021
Principal activities	Micro credit
Bohai Trust 2020 Pucheng No. 75 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC July 15, 2021
Principal activities	Micro credit
Guomin Tianshu Structured Fund 2-1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC August 31, 2021
Principal activities	Micro credit
ShenzhenShenzhen Fanshu Information Technology Advisory Partnership (Limited Partnership). Fanshu Information Technology Advisory Partnership (Limited Partnership). [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC August 27, 2021
Principal activities	Micro credit
Shenzhen Lianshu Economic Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC August 27, 2021
Principal activities	Micro credit
Shenzhen Ruishu Economic Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 30, 2021
Principal activities	Micro credit
Tianjin Ninghua Economic Information Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 1, 2021
Principal activities	Micro credit
Shenzhen Shengshu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 2, 2021
Principal activities	Micro credit
Shenzhen Chengshu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 29, 2021
Principal activities	Micro credit
Shenzhen Xuanshu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 29, 2021
Principal activities	Micro credit
Tianjin Juehua Economic Information Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC December 20, 2021
Principal activities	Micro credit
Zhongrong Yuanshuo No.1 Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 29, 2021
Principal activities	Micro credit
Guangzhou Mingsheng Capital Management Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	The PRC January 11, 2022
Principal activities	Micro credit
Tianjin Baihua Economic Information Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC January 19, 2022
Principal activities	Micro credit
Bohai Trust 2021 Pucheng No. 83 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC January 25, 2022
Principal activities	Micro credit
Zhongrong Yuanshuo No.2 Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC February 18, 2022
Principal activities	Micro credit
Shenzhen Huashu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC February 22, 2022
Principal activities	Micro credit
Shenzhen Leshu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC April 7, 2022
Principal activities	Micro credit
Zijin No.3 Business Acceleration Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC April 25, 2022
Principal activities	Micro credit
Zhongliang Hongrui No.1 Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC May 19, 2022
Principal activities	Micro credit
Zhongrong Yuanshuo No.3 Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC July 26, 2022
Principal activities	Micro credit
Tianjin Pinhua Economic Information Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC October 10, 2022
Principal activities	Micro credit
Shenzhen Zeshu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 19, 2022
Principal activities	Micro credit
Hunan Caixin - Zhongliang - Hongxin Universal Benefit No. 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC February 7, 2023
Principal activities	Micro credit
Shenzhen Mingshu Information Technology Advisory Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC April 13, 2023
Principal activities	Micro credit
No.51 Jinghua Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC June 29, 2023
Principal activities	Micro credit
No.2 Jinghua Structured Fund [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC July 7, 2023
Principal activities	Micro credit
Guangzhou Ming Hao Investment Partnership (Limited Partnership) [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC Augus 28, 2023
Principal activities	Micro credit
Zhongliang Trust Plan- Hongjun No. 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 7, 2023
Principal activities	Micro credit
Zhongliang Trust Plan-Honghao No. 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC September 7, 2023
Principal activities	Micro credit
Zhongliang Trust Plan- Hongmeng No. 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC November 15, 2023
Principal activities	Micro credit
Zhongliang Trust Plan- Hongji No. 1 [Member]
Schedule of Investments in the Consolidated VIEs [Line Items]
Place and date of incorporation/ establishment	the PRC December 25, 2023
Principal activities	Micro credit

Description of Business, Orga_6

Description of Business, Organization, and Basis of Presentation (Details) - Schedule of Assets and Liabilities of the Consolidated VIEs - Variable Interest Entities [Member] - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Condensed Balance Sheet Statements, Captions [Line Items]
Cash, cash equivalents and restricted cash	¥ 1,510,686,015	¥ 1,265,876,948
Net loans principal, interest and financing service fees receivables	8,415,130,321	8,181,420,091
Loans held-for-sale	1,296,708,106	1,122,309,299
Investment securities	21,545,271	205,711,749
Deferred tax assets	384,801
Other assets	896,921,865	873,978,254
Total assets	12,141,376,379	11,649,296,341
Interest-bearing borrowings	8,231,826,368	7,727,559,337
Income taxes payable	1,030,049	902,734
Deferred tax liabilities		15,863
Other liabilities	232,896,540	144,368,848
Total liabilities	¥ 8,465,752,957	¥ 7,872,846,782

Description of Business, Orga_7

Description of Business, Organization, and Basis of Presentation (Details) - Schedule of Operations of the VIEs - Variable Interest Entities [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Income Statements, Captions [Line Items]
Revenue	¥ 1,352,486,176	¥ 1,437,398,097	¥ 1,298,055,332
Net income	¥ 495,371,047	¥ 381,273,670	¥ 579,742,472

Description of Business, Orga_8

Description of Business, Organization, and Basis of Presentation (Details) - Schedule of Cash Flows of the VIEs - Variable Interest Entities [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in)/provided by operating activities	¥ 1,292,343,388	¥ 939,802,714	¥ (1,571,552,463)
Net cash used in investing activities	(1,282,239,529)	(812,396,284)	(633,511,824)
Net cash provided by/(used in) financing activities	¥ 234,705,208	¥ (377,573,931)	¥ 2,682,931,827

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Summary of Significant Accounting Policies [Line Items]
Post-origination services fee (in Yuan Renminbi)	¥ 17,530,000	¥ 67,080,000
Aggregate transaction price percentage	100%	64.60%
Goodwill impairment loss (in Yuan Renminbi)	¥ 20,279,026
Recognized income tax, percentage	50%
Trademarks [Member]
Summary of Significant Accounting Policies [Line Items]
Indefinite-lived intangible assets carrying value (in Yuan Renminbi)	¥ 2,970,000
Computer Software, Intangible Asset [Member] \| Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Intangible assets with finite useful lives	1 year
Computer Software, Intangible Asset [Member] \| Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Intangible assets with finite useful lives	5 years
Cooperation agreements [Member]
Summary of Significant Accounting Policies [Line Items]
Intangible assets with finite useful lives	3 years
Leasehold Improvements [Member] \| Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful life of Property and equipment	1 year
Leasehold Improvements [Member] \| Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful life of Property and equipment	6 years
Motor vehicles [Member] \| Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful life of Property and equipment	3 years
Motor vehicles [Member] \| Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful life of Property and equipment	8 years
Office and other equipment [Member] \| Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful life of Property and equipment	1 year
Office and other equipment [Member] \| Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Estimated useful life of Property and equipment	3 years

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Schedule of Assets Measured at Fair Value on a Recurring Basis - Recurring [Member] - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	¥ 181,986,168	¥ 244,337,727
Wealth management products [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	146,486,668	244,337,727
Convertible bonds [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	35,499,500
Level 1 [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	22,202,910	206,304,763
Level 1 [Member] \| Wealth management products [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	22,202,910	206,304,763
Level 1 [Member] \| Convertible bonds [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value
Level 2 [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	124,283,758	38,032,964
Level 2 [Member] \| Wealth management products [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	124,283,758	38,032,964
Level 2 [Member] \| Convertible bonds [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value
Level 3 [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	35,499,500
Level 3 [Member] \| Wealth management products [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value
Level 3 [Member] \| Convertible bonds [Member]
Schedule of Assets Measured at Fair Value on a Recurring Basis [Line Items]
Total asset fair value	¥ 35,499,500

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of table presents the Group’s fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis - Fair Value, Nonrecurring [Member] - CNY (¥)		Dec. 31, 2023	Dec. 31, 2022
Assets
Total Assets		¥ 2,537,608,232	¥ 1,955,283,590
Liabilities
Total Liabilities		57,132,678	82,385,089
Loans [Member]
Assets
Total Assets	[1]	28,016,224	61,835,456
Loans held-for-sale [Member]
Assets
Total Assets	[2]	2,471,413,744	1,844,438,134
Equity securities [Member]
Assets
Total Assets	[3]	38,178,264	49,010,000
Guarantee liabilities [Member]
Liabilities
Total Liabilities	[4]	57,132,678	82,385,089
Level 1 [Member]
Assets
Total Assets
Liabilities
Total Liabilities
Level 1 [Member] \| Loans [Member]
Assets
Total Assets	[1]
Level 1 [Member] \| Loans held-for-sale [Member]
Assets
Total Assets	[2]
Level 1 [Member] \| Equity securities [Member]
Assets
Total Assets	[3]
Level 1 [Member] \| Guarantee liabilities [Member]
Liabilities
Total Liabilities	[4]
Level 2 [Member]
Assets
Total Assets		2,537,608,232	1,955,283,590
Liabilities
Total Liabilities
Level 2 [Member] \| Loans [Member]
Assets
Total Assets	[1]	28,016,224	61,835,456
Level 2 [Member] \| Loans held-for-sale [Member]
Assets
Total Assets	[2]	2,471,413,744	1,844,438,134
Level 2 [Member] \| Equity securities [Member]
Assets
Total Assets	[3]	38,178,264	49,010,000
Level 2 [Member] \| Guarantee liabilities [Member]
Liabilities
Total Liabilities	[4]
Level 3 [Member]
Assets
Total Assets
Liabilities
Total Liabilities		57,132,678	82,385,089
Level 3 [Member] \| Loans [Member]
Assets
Total Assets	[1]
Level 3 [Member] \| Loans held-for-sale [Member]
Assets
Total Assets	[2]
Level 3 [Member] \| Equity securities [Member]
Assets
Total Assets	[3]
Level 3 [Member] \| Guarantee liabilities [Member]
Liabilities
Total Liabilities	[4]	¥ 57,132,678	¥ 82,385,089

[1]Loans are recorded at amortized cost, while the Group records nonrecurring fair value adjustments to reflect partial write-downs that are based on the observable market price of the loan or current appraised value of the collateral.[2]Loans held-for-sale are held at LOCOM which may be written down to fair value on a nonrecurring basis.[3]Non-marketable equity securities are accounted for using the measurement alternative and can be subject to nonrecurring fair value adjustments to record impairment.[4]Guarantee liabilities are accounted for stand-ready guarantee liabilities of the Group’s guarantee services for its off-balance sheet loans under the commercial bank partnership model at fair value.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Details)	12 Months Ended
Cash, Cash Equivalents and Restricted Cash (Details)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Cash, Cash Equivalents and Restricted Cash [Abstract]
Number of PRC individual financial institutions	1	1
Percentage of excess cash balances	10%	10%
Percentage bank deposits collectively accounted	66.80%	56.40%
Percentage cash balances collectively accounted	0.02%	0.31%
Restricted cash (in Yuan Renminbi)	¥ 1,474,221,741	¥ 1,157,244,687

Loans Principal, Interest and_3

Loans Principal, Interest and Financing Service Fee Receivables (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans Principal, Interest and Financing Service Fee Receivables (Details) [Line Items]
Allowance for credit losses for home equity loans	¥ 725,000,000	¥ 739,000,000
Percentage of gross-domestic product increase	2.90%	5.20%
Retail sales of consumer goods increase percentage	(1.80%)	7.40%
Disposable income increase percentage	3.90%	5.10%
Net gains on sale of loans	¥ (17,190,545)	¥ (44,554,948)	¥ (479,584,775)
Loans principal, interest and financing service fee receivables of corporate loan	726,293,220	792,794,985	¥ 832,735,000
Corporate Loans [Member]
Loans Principal, Interest and Financing Service Fee Receivables (Details) [Line Items]
Loans principal, interest and financing service fee receivables of corporate loan	55,964,409	24,693,114
Loans held-for-sale [Member]
Loans Principal, Interest and Financing Service Fee Receivables (Details) [Line Items]
Loans transferred to held-for-sale category	2,471,413,744	1,844,438,134
Loans principal, interest and financing service fee receivables of corporate loan	626,229,041	463,254,567
Third Party Investors [Member]
Loans Principal, Interest and Financing Service Fee Receivables (Details) [Line Items]
Carrying amount of loans	3,090,579,581	2,375,645,263
Net gains on sale of loans	¥ 17,190,545	¥ 44,554,948

Loans Principal, Interest and_4

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Loans Principal, Interest and Financing Service Fee Receivables - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Loans Principal, Interest and Financing Service Fee Receivables [Abstract]
Loans principal, interest and financing service fee receivables	¥ 9,189,524,787	¥ 8,993,547,621
- Individually assessed	(39,913,947)	(12,247,836)
- Collectively assessed	(685,916,740)	(727,055,237)
Subtotal	(725,830,687)	(739,303,073)
Net loans principal, interest and financing service fee receivables of home equity loan	8,463,694,100	8,254,244,548
Corporate loans:
Loans principal, interest and financing service fee receivables	626,229,041	463,254,567
Less: allowance for credit losses	(55,964,409)	(24,693,114)
Net loans principal, interest and financing service fee receivables of corporate loan	570,264,632	438,561,453
Net loans principal, interest and financing service fee receivables	¥ 9,033,958,732	¥ 8,692,806,001

Loans Principal, Interest and_5

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Home Equity Loans - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
First lien [Member]
Schedule of Home Equity Loans [Line Items]
Loans principal, interest and financing service fee receivables		¥ 3,360,094,375
Less: allowance for credit losses
Individually evaluated		(3,836,350)
Collectively evaluated		(286,300,001)
Subtotal		(290,136,351)
Net loans principal, interest and financing service fee receivables		3,069,958,024
Second lien [Member]
Schedule of Home Equity Loans [Line Items]
Loans principal, interest and financing service fee receivables		5,633,453,246
Less: allowance for credit losses
Individually evaluated		(8,411,486)
Collectively evaluated		(440,755,236)
Subtotal		(449,166,722)
Net loans principal, interest and financing service fee receivables		5,184,286,524
Subtotal [Member]
Schedule of Home Equity Loans [Line Items]
Loans principal, interest and financing service fee receivables	¥ 9,189,524,787	8,993,547,621
Less: allowance for credit losses
Individually evaluated	(39,913,947)	(12,247,836)
Collectively evaluated	(685,916,740)	(727,055,237)
Subtotal	(725,830,687)	(739,303,073)
Net loans principal, interest and financing service fee receivables	8,463,694,100	¥ 8,254,244,548
First lien One [Member]
Schedule of Home Equity Loans [Line Items]
Loans principal, interest and financing service fee receivables	3,477,208,979
Less: allowance for credit losses
Individually evaluated	(13,099,754)
Collectively evaluated	(272,173,960)
Subtotal	(285,273,714)
Net loans principal, interest and financing service fee receivables	3,191,935,265
Second lien One [Member]
Schedule of Home Equity Loans [Line Items]
Loans principal, interest and financing service fee receivables	5,712,315,808
Less: allowance for credit losses
Individually evaluated	(26,814,193)
Collectively evaluated	(413,742,780)
Subtotal	(440,556,973)
Net loans principal, interest and financing service fee receivables	¥ 5,271,758,835

Loans Principal, Interest and_6

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Allowance for Credit Losses - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Allowance for Credit Losses [Line Items]
Total, Beginning	¥ 739,303,073	¥ 975,850,851
Total, Net loans principal, interest and financing service fee receivables	8,463,694,100	8,254,244,548
Total, Recorded investment	9,189,524,787	8,993,547,621
Total, Provision for credit losses	37,993,481	143,717,209
Total, Charge-offs	(46,609,589)	(53,995,624)
Total, Increase in guaranteed recoverable assets	(27,307,841)	(347,620,170)
Total, Recoveries	22,451,563	21,350,807
Total, Ending	725,830,687	739,303,073
First lien [Member]
Schedule of Allowance for Credit Losses [Line Items]
Allowance for loans which are collectively assessed, Beginning	286,300,001	357,239,453
Allowance for loans which are individually assessed, Beginning	3,836,350	32,968,721
Allowance for loans which are collectively assessed, Net loans principal, interest and financing service fee receivables	3,156,893,741	3,036,599,198
Allowance for loans which are individually assessed, Net loans principal, interest and financing service fee receivables	35,041,524	33,358,826
Allowance for loans which are collectively assessed, Recorded investment	3,429,067,701	3,322,899,199
Allowance for loans which are individually assessed, Recorded investment	48,141,278	37,195,176
Allowance for loans which are collectively assessed, Provision for credit losses	(9,998,235)	(8,058,972)
Allowance for loans which are individually assessed, Provision for credit losses	16,910,650	72,834,526
Allowance for loans which are collectively assessed, Charge-offs	(51,262)	(1,318,568)
Allowance for loans which are individually assessed, Charge-offs	(20,447,394)	(7,843,977)
Allowance for loans which are collectively assessed, Increase in guaranteed recoverable assets	(4,076,544)	(61,561,912)
Allowance for loans which are individually assessed, Increase in guaranteed recoverable assets	4,240,046	(102,009,203)
Allowance for loans which are collectively assessed, Recoveries
Allowance for loans which are individually assessed, Recoveries	8,560,102	7,886,283
Allowance for loans which are collectively assessed, Ending	272,173,960	286,300,001
Allowance for loans which are individually assessed, Ending	13,099,754	3,836,350
Second lien [Member]
Schedule of Allowance for Credit Losses [Line Items]
Allowance for loans which are collectively assessed, Beginning	440,755,236	557,131,501
Allowance for loans which are individually assessed, Beginning	8,411,486	28,511,176
Allowance for loans which are collectively assessed, Net loans principal, interest and financing service fee receivables	5,244,998,702	5,127,455,016
Allowance for loans which are individually assessed, Net loans principal, interest and financing service fee receivables	26,760,133	56,831,508
Allowance for loans which are collectively assessed, Recorded investment	5,658,741,482	5,568,210,252
Allowance for loans which are individually assessed, Recorded investment	53,574,326	65,242,994
Allowance for loans which are collectively assessed, Provision for credit losses	3,075,268	(19,852,708)
Allowance for loans which are individually assessed, Provision for credit losses	28,005,798	98,794,363
Allowance for loans which are collectively assessed, Charge-offs	(258,155)
Allowance for loans which are individually assessed, Charge-offs	(25,852,778)	(44,833,079)
Allowance for loans which are collectively assessed, Increase in guaranteed recoverable assets	(29,829,569)	(96,523,557)
Allowance for loans which are individually assessed, Increase in guaranteed recoverable assets	2,358,226	(87,525,498)
Allowance for loans which are collectively assessed, Recoveries
Allowance for loans which are individually assessed, Recoveries	13,891,461	13,464,524
Allowance for loans which are collectively assessed, Ending	413,742,780	440,755,236
Allowance for loans which are individually assessed, Ending	26,814,193	8,411,486
Subtotal [Member]
Schedule of Allowance for Credit Losses [Line Items]
Allowance for loans which are collectively assessed, Beginning	727,055,237	914,370,954
Allowance for loans which are individually assessed, Beginning	12,247,836	61,479,897
Allowance for loans which are collectively assessed, Net loans principal, interest and financing service fee receivables	8,401,892,443	8,164,054,214
Allowance for loans which are individually assessed, Net loans principal, interest and financing service fee receivables	61,801,657	90,190,334
Allowance for loans which are collectively assessed, Recorded investment	9,087,809,183	8,891,109,451
Allowance for loans which are individually assessed, Recorded investment	101,715,604	102,438,170
Allowance for loans which are collectively assessed, Provision for credit losses	(6,922,967)	(27,911,680)
Allowance for loans which are individually assessed, Provision for credit losses	44,916,448	171,628,889
Allowance for loans which are collectively assessed, Charge-offs	(309,417)	(1,318,568)
Allowance for loans which are individually assessed, Charge-offs	(46,300,172)	(52,677,056)
Allowance for loans which are collectively assessed, Increase in guaranteed recoverable assets	(33,906,113)	(158,085,469)
Allowance for loans which are individually assessed, Increase in guaranteed recoverable assets	6,598,272	(189,534,701)
Allowance for loans which are collectively assessed, Recoveries
Allowance for loans which are individually assessed, Recoveries	22,451,563	21,350,807
Allowance for loans which are collectively assessed, Ending	685,916,740	727,055,237
Allowance for loans which are individually assessed, Ending	¥ 39,913,947	¥ 12,247,836

Loans Principal, Interest and_7

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Aging of Allowance for Credit Losses - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	¥ 345,938,264	¥ 334,455,214
1 - 30 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	161,722,079	200,712,954
31 - 90 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	178,256,397	191,887,069
91 - 180 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	39,913,947	12,247,836
Total loans [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	725,830,687	739,303,073
First lien [Member] \| Collaboration Model [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	129,317,384
First lien [Member] \| Collaboration Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	68,099,373
First lien [Member] \| Collaboration Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	74,757,203
First lien [Member] \| Collaboration Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	13,099,754
First lien [Member] \| Collaboration Model [Member] \| Total loans [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	285,273,714
First lien [Member] \| Traditional Facilitation Model [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		116,931,309
First lien [Member] \| Traditional Facilitation Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		82,519,839
First lien [Member] \| Traditional Facilitation Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		86,848,853
First lien [Member] \| Traditional Facilitation Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		3,836,350
First lien [Member] \| Traditional Facilitation Model [Member] \| Total loans [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		290,136,351
Second lien [Member] \| Collaboration Model [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	216,620,880
Second lien [Member] \| Collaboration Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	93,622,706
Second lien [Member] \| Collaboration Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	103,499,194
Second lien [Member] \| Collaboration Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	26,814,193
Second lien [Member] \| Collaboration Model [Member] \| Total loans [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current	¥ 440,556,973
Second lien [Member] \| Traditional Facilitation Model [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		217,523,905
Second lien [Member] \| Traditional Facilitation Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		118,193,115
Second lien [Member] \| Traditional Facilitation Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		105,038,216
Second lien [Member] \| Traditional Facilitation Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		8,411,486
Second lien [Member] \| Traditional Facilitation Model [Member] \| Total loans [Member]
Schedule of Aging of Allowance for Credit Losses [Line Items]
Total current		¥ 449,166,722

Loans Principal, Interest and_8

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total current	¥ 7,760,400,487	¥ 7,265,930,914
Total loans	9,189,524,787	8,993,547,621
Total non-accrual	101,715,604	102,438,170
1 - 30 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	683,756,741	874,568,417
31 - 90 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	643,651,955	750,610,120
91 - 180 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	69,840,484	27,929,326
181 - 270 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	9,128,831	27,348,321
271 - 360 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	7,789,538	12,398,086
361 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	14,956,751	34,762,437
First lien [Member] \| Collaboration Model [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total current	2,871,408,359
Total loans	3,477,208,979
Total non-accrual	48,141,278
First lien [Member] \| Collaboration Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	287,844,375
First lien [Member] \| Collaboration Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	269,814,967
First lien [Member] \| Collaboration Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	28,055,593
First lien [Member] \| Collaboration Model [Member] \| 181 - 270 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	5,119,297
First lien [Member] \| Collaboration Model [Member] \| 271 - 360 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	5,309,947
First lien [Member] \| Collaboration Model [Member] \| 361 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	9,656,441
First lien [Member] \| Traditional Facilitation Model [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total current		2,623,540,867
Total loans		3,360,094,375
Total non-accrual		37,195,176
First lien [Member] \| Traditional Facilitation Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		359,502,111
First lien [Member] \| Traditional Facilitation Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		339,856,221
First lien [Member] \| Traditional Facilitation Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		11,173,004
First lien [Member] \| Traditional Facilitation Model [Member] \| 181 - 270 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		4,686,900
First lien [Member] \| Traditional Facilitation Model [Member] \| 271 - 360 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		2,446,894
First lien [Member] \| Traditional Facilitation Model [Member] \| 361 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		18,888,378
Second lien [Member] \| Collaboration Model [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total current	4,888,992,128
Total loans	5,712,315,808
Total non-accrual	53,574,326
Second lien [Member] \| Collaboration Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	395,912,366
Second lien [Member] \| Collaboration Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	373,836,988
Second lien [Member] \| Collaboration Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	41,784,891
Second lien [Member] \| Collaboration Model [Member] \| 181 - 270 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	4,009,534
Second lien [Member] \| Collaboration Model [Member] \| 271 - 360 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	2,479,591
Second lien [Member] \| Collaboration Model [Member] \| 361 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans	¥ 5,300,310
Second lien [Member] \| Traditional Facilitation Model [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total current		4,642,390,047
Total loans		5,633,453,246
Total non-accrual		65,242,994
Second lien [Member] \| Traditional Facilitation Model [Member] \| 1 - 30 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		515,066,306
Second lien [Member] \| Traditional Facilitation Model [Member] \| 31 - 90 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		410,753,899
Second lien [Member] \| Traditional Facilitation Model [Member] \| 91 - 180 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		16,756,322
Second lien [Member] \| Traditional Facilitation Model [Member] \| 181 - 270 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		22,661,421
Second lien [Member] \| Traditional Facilitation Model [Member] \| 271 - 360 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		9,951,192
Second lien [Member] \| Traditional Facilitation Model [Member] \| 361 days past due [Member]
Schedule of Aging of Past-Due Loan Principal and Financing Service Fee Receivables [Line Items]
Total loans		¥ 15,874,059

Loans Principal, Interest and_9

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Non-Accrual Loans - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Non-Accrual Loans [Line Items]
Unpaid principal balance	¥ 91,449,389	¥ 95,115,830
Recorded investment, Impaired loans	101,715,604	102,438,170
Recorded investment, Impaired loans with related allowance for credit losses	68,173,040	24,034,263
Recorded investment, Impaired loans without related allowance for credit losses	33,542,564	78,403,907
Related allowance for credit losses	39,913,947	12,247,836
First lien [Member]
Schedule of Non-Accrual Loans [Line Items]
Unpaid principal balance	42,315,372	32,981,329
Recorded investment, Impaired loans	48,141,278	37,195,176
Recorded investment, Impaired loans with related allowance for credit losses	27,245,188	8,776,965
Recorded investment, Impaired loans without related allowance for credit losses	20,902,542	28,418,212
Related allowance for credit losses	13,099,754	3,836,350
Second lien [Member]
Schedule of Non-Accrual Loans [Line Items]
Unpaid principal balance	49,134,017	62,134,501
Recorded investment, Impaired loans	53,574,326	65,242,994
Recorded investment, Impaired loans with related allowance for credit losses	40,927,852	15,257,298
Recorded investment, Impaired loans without related allowance for credit losses	12,640,022	49,985,695
Related allowance for credit losses	¥ 26,814,193	¥ 8,411,486

Loans Principal, Interest an_10

Loans Principal, Interest and Financing Service Fee Receivables (Details) - Schedule of Average Recorded Investment in Impaired Loans - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
First lien [Member]
Schedule of Average Recorded Investment in Impaired Loans [Line Items]
Average recorded investment	¥ 55,368,819	¥ 73,035,747
Interest and fees income recognized	118,164,396	82,191,331
Second lien [Member]
Schedule of Average Recorded Investment in Impaired Loans [Line Items]
Average recorded investment	74,194,759	78,248,017
Interest and fees income recognized	135,686,886	83,791,498
Non-accrual loans [Member]
Schedule of Average Recorded Investment in Impaired Loans [Line Items]
Average recorded investment	129,563,578	151,283,764
Interest and fees income recognized	¥ 253,851,282	¥ 165,982,829

Investment Securities (Details)

Investment Securities (Details)	Dec. 31, 2023 CNY (¥)	Nov. 20, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Investment Securities [Line Items]
Partnership return amount	¥ 10,000,000
Interest rate percentage	8%
Principle and interests term	3 years
Amortized cost	¥ 237,171,123		¥ 286,077,339
Credit loss	8,195,326		15,248,938
Held-to-maturity debt securities have an amortized cost	4,510,285		4,198,055
Allowance for credit loss	1,564,039		¥ 719,622
Convertible fair value	¥ 35,499,500
CNF FAMILY OFFICE LIMITED [Member]
Investment Securities [Line Items]
Convertible fair value \| $		$ 5,000,000

Investment Securities (Detail_2

Investment Securities (Details) - Schedule of Short Term Investments, Debt Securities and Convertible Bonds - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Short Term Investments, Debt Securities and Convertible Bonds [Abstract]
Short term investments	¥ 146,486,668	¥ 244,337,727
Debt securities	231,922,043	274,306,834
Convertible bonds	35,499,500
Total	¥ 413,908,211	¥ 518,644,561

Investment Securities (Detail_3

Investment Securities (Details) - Schedule of Carrying Amount and Fair Value of the Investment Securities - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Carrying Amount and Fair Value of the Investment Securities [Line Items]
Aggregate cost basis	¥ 151,456,194	¥ 243,542,140
Profits and losses from fair value changes	(4,969,526)	795,587
Aggregate fair value	146,486,668	244,337,727
Wealth management products [Member]
Schedule of Carrying Amount and Fair Value of the Investment Securities [Line Items]
Aggregate cost basis	151,456,194	243,542,140
Profits and losses from fair value changes	(4,969,526)	795,587
Aggregate fair value	¥ 146,486,668	¥ 244,337,727

Property and Equipment (Details

Property and Equipment (Details) - CNY (¥)	12 Months Ended
Property and Equipment (Details) - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Property and Equipment [Abstract]
Depreciation expense	¥ 1,234,129	¥ 1,722,640

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of Property and Equipment - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Property and Equipment [Line Items]
Less: accumulated depreciation	¥ (31,523,896)	¥ (35,160,018)
Total	8,158,950	2,284,262
Office and other equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment	20,395,676	18,167,730
Leasehold improvements [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment	16,192,039	16,904,137
Motor vehicles [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment	¥ 3,095,131	¥ 2,372,413

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Details) - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Intangible Assets and Goodwill [Abstract]
Accumulated amortization	¥ 15,368,715	¥ 15,306,241

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Details) - Schedule of Intangible Assets and Goodwill - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Intangible Assets and goodwill [Abstract]
Intangible assets	¥ 3,014,944	¥ 3,487,733

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Details) - Schedule of Intangible Assets - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Amortized intangible assets:
Gross carrying value	¥ 15,413,659	¥ 15,823,974
Accumulated amortisation	(15,368,715)	(15,306,241)
Net carrying value	44,944	517,733
Software [Member]
Amortized intangible assets:
Gross carrying value	10,383,659	10,793,974
Accumulated amortisation	(10,338,715)	(10,276,241)
Net carrying value	44,944	517,733
Cooperation agreement [Member]
Amortized intangible assets:
Gross carrying value	5,030,000	5,030,000
Accumulated amortisation	(5,030,000)	(5,030,000)
Net carrying value
Trademarks [Member]
Unamortized intangible assets:
Gross carrying value, Trademarks	¥ 2,970,000	¥ 2,970,000

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill (Details) - Schedule of Amortization Expense for Current Year and Future Periods - Software [Member]	Dec. 31, 2023 CNY (¥)
Schedule of Amortization Expense for Current Year and Future Periods [Line Items]
Year ended December 31, 2023(actual)	¥ 518,903
Estimate for year ended December 31,
2024	23,581
2025	14,242
2026	7,121
2027
2028

Deposits (Details)

Deposits (Details)	12 Months Ended
Deposits (Details)	Dec. 31, 2023
Deposits [Abstract]
Percentage of size of trust plans subscribed	1%

Other Assets (Details)

Other Assets (Details)						12 Months Ended
Other Assets (Details)		Apr. 27, 2023 USD ($) ¥ / shares	Apr. 28, 2022 USD ($) ¥ / shares	Sep. 18, 2019 ¥ / shares shares	Jun. 30, 2016 USD ($) ¥ / shares shares	Dec. 31, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 USD ($) shares	Dec. 26, 2023 CNY (¥) ¥ / shares	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Jan. 31, 2022 CNY (¥)
Other Assets [Line Items]
Transferred loan amount	[1]					¥ 269,284,889			¥ 32,469,152
Transferred loan amount	[2]					135,274,471
Cash						151,111,771
Credit deterioration						727,469,577
Purchased loans						196,663,638
Other Asset Impairment Charges						61,389,167
Amount of loans disbursed						¥ 97,889,991			¥ 98,544,251	¥ 229,396
Group invested (in Yuan Renminbi per share) \| ¥ / shares				¥ 3
Percentage of paid in capital invested (in Dollars) \| $		$ 61,705	$ 224,093
Unrelated third party shares (in Shares) \| shares				2,000,000
Cost of investment (in Yuan Renminbi per share) \| ¥ / shares		$ 2.9	$ 3
Transferred shares (in Shares) \| shares						1,700,000	1,700,000
Sale of stock per share (in Yuan Renminbi per share) \| ¥ / shares						¥ 2
Investment loss								¥ (1,524,159)
Recognized an investment loss per share (in Yuan Renminbi per share) \| ¥ / shares								¥ 2.9
Amount of investment								¥ 19,085,841			¥ 25,000,000
Recognized an impairment (in Dollars) \| $							$ 5,907,577
Recent transaction price (in Yuan Renminbi per share) \| ¥ / shares						¥ 2
Qingyuan Rural [Member]
Other Assets [Line Items]
Group transfers of shares (in Shares) \| shares					10,003,334
Group invested (in Yuan Renminbi per share) \| ¥ / shares					¥ 3
Percentage of paid in capital invested (in Dollars) \| $					¥ 2.14
Guangzhou Mingfeng [Member]
Other Assets [Line Items]
Amount of investment											¥ 40,000,000
Guangzhou Mingfeng [Member]
Other Assets [Line Items]
Transferred loan amount						¥ 478,204,375
Guangzhou Minghui [Member]
Other Assets [Line Items]
Transferred loan amount						¥ 232,093,576

[1]As mentioned in Note 5, the Group transferred the delinquent loans to third parties so that the Group could collect the payment more quickly than to simply dispose the collaterals through litigation. The loan is derecognized if the Group does not retain any risk and rewards after transferring the loan. Such transfer would be recorded as sales according to ASC 860-10-40-5. There is no constrain on the transferee’s rights to pledge or exchange, and the Group will not maintain effective control on the transferred loans for which the transferred loans are accounted for as sales without repurchase agreements. As of December 31, 2023, the Group transferred loans with balances amounting to RMB478,204,375 to Guangzhou Restructuring No.1 Investment Center (Limited Partnership) for transfer price of RMB232,093,576.[2]The purchased loans with credit deterioration are overdue loans repurchased at par value by the Group from commercial banks under the commercial bank partnership model. In 2023, the Group started purchasing loans with credit deterioration, totaling RMB727,469,577. As of 31 December 2023, the purchased loans with credit deterioration amounted to RMB196,663,638 and allowance for credit loss amounted to RMB61,389,167. The amount of loans disbursed in 2021, 2022 and 2023 is RMB229,396, RMB98,544,251, and RMB97,889,991, respectively.

Other Assets (Details) - Schedu

Other Assets (Details) - Schedule of Other Assets - CNY (¥)		12 Months Ended
Other Assets (Details) - Schedule of Other Assets - CNY (¥)		Dec. 31, 2023	Dec. 31, 2022
Schedule of Other Assets [Abstract]
Guarantee deposits	[1]	¥ 385,472,848	¥ 243,470,845
Receivables from sales of loans	[2]	269,284,889	32,469,152
Prepayments	[3]	278,261,279	126,002,874
Purchased loans with credit deterioration	[4]	135,274,471
Receivables for default guarantee payments	[5]	4,171,474	31,022,975
Receivables from loan facilitation service	[6]	71,113,890	49,963,322
Receivables of guarantee service	[7]	57,030,910	97,552,160
Non-marketable equity securities	[8]	38,178,264	49,010,000
Amounts due from employees	[9]	5,172,406	3,120,120
Other receivables		30,130,988	37,277,452
Total		¥ 1,274,091,419	¥ 669,888,900

[1]Guarantee deposits are deposits that the Group provided, through Guangdong Nanfeng Financial Guarantee Group Co., Ltd (“Guangzhou Nanfeng”), a company that holds a financial guarantee license, for loans granted (a) under its consolidated VIE Zhonghai Lanhai Structured Fund 30-X, which is not structured in a stratified way and requires guarantee from a third party, and (b) under the cooperation with commercial banks for loan facilitation, post-facilitation and guarantee services, refer to Note 2(e)(ii) Off-balance sheet loans.[2]As mentioned in Note 5, the Group transferred the delinquent loans to third parties so that the Group could collect the payment more quickly than to simply dispose the collaterals through litigation. The loan is derecognized if the Group does not retain any risk and rewards after transferring the loan. Such transfer would be recorded as sales according to ASC 860-10-40-5. There is no constrain on the transferee’s rights to pledge or exchange, and the Group will not maintain effective control on the transferred loans for which the transferred loans are accounted for as sales without repurchase agreements. As of December 31, 2023, the Group transferred loans with balances amounting to RMB478,204,375 to Guangzhou Restructuring No.1 Investment Center (Limited Partnership) for transfer price of RMB232,093,576.[3]Prepaid accounts mainly include litigation fees, rent, water, electricity and property management and network charges prepaid in the daily operation of the Group. Another important component is the prepayment of building purchase. In 2022, CNFinance entered into a contract with a third-party company for the purchase of commercial properties as office buildings for its own use. As of December 31, 2023, the Group has paid RMB151,111,771 as agreed in the contract and this amount is being recognized in the account prepaid, as the building is not delivered.[4]The purchased loans with credit deterioration are overdue loans repurchased at par value by the Group from commercial banks under the commercial bank partnership model. In 2023, the Group started purchasing loans with credit deterioration, totaling RMB727,469,577. As of 31 December 2023, the purchased loans with credit deterioration amounted to RMB196,663,638 and allowance for credit loss amounted to RMB61,389,167. The amount of loans disbursed in 2021, 2022 and 2023 is RMB229,396, RMB98,544,251, and RMB97,889,991, respectively.[5]Under the commercial bank partnership model when a borrower is overdue for a certain number of days, the Group pays interest to the bank on behalf of the borrower, which is subsequently charged to the borrower, and this amount accounts for the receivables for default guarantee payments.[6]Under the commercial bank partnership model, the Group provides loan facilitation services and post-facilitation services.[7]Under the commercial bank partnership model, the Group calculates the guarantee obligation and recognizes the guarantee fee receivable.[8]The measurement alternative is selected for the non-marketable equity securities. Under the measurement alternative, the equity securities without readily determinable fair value are measured at cost minus impairment and adjusted for changes in observable prices. In June 2016, the Group invested 10,003,334 shares at RMB3.00 per share, which represents 2.14% of the paid-in capital, in Guangdong Qingyuan Rural Commercial Bank (“Qingyuan Rural”). The Group transferred 2 million shares to an unrelated third party at RMB3.00 per share which is same as the investment cost on September 18, 2019. Qingyuan Rural paid stock dividends of 224,093 shares and 61,705 shares on April 28, 2022 and April 27, 2023, respectively, and the Group’s cost of investment decreased from RMB3.00 per share to RMB2.90 per share. The Group transferred 1.7 million shares to an unrelated third party at RMB2.00 per share and recognized an investment loss of RMB1,524,159 for RMB2.90 per share on December 26, 2023. As of December 31, 2023, the Group has invested RMB19,085,841 in Qingyuan Rural. Due to the change in observable price in 2023, the Group recognized an impairment of RMB5,907,577 based on most recent transaction price of RMB2.00 per share. In January 2022, the Group and Guangzhou Minghui set up Guangzhou Mingfeng Partnership (“Guangzhou Mingfeng”). The total paid-in capital was RMB40,000,000 and the Group has invested RMB25,000,000 in Guangzhou Mingfeng as limited partner. No change in observable price has been identified and no impairment has been recorded for the two years of 2022 and 2023.[9]Amounts due from employees mainly include temporary advances to employees for payments on behalf of the Group.

Other Assets (Details) - Sche_2

Other Assets (Details) - Schedule of Provides Information on Delinquency	12 Months Ended
	Dec. 31, 2023 CNY (¥)
Schedule of Provides Information on Delinquency [Line Items]
Purchased loans with credit deterioration	¥ 196,663,638
Other Asset, 31 - 90 Days Past Due [Member]
Schedule of Provides Information on Delinquency [Line Items]
Purchased loans with credit deterioration	134,956,909
Other Asset, 91 - 180 Days Past Due [Member]
Schedule of Provides Information on Delinquency [Line Items]
Purchased loans with credit deterioration	44,444,750
Other Asset, 181 - 270 Days Past Due [Member]
Schedule of Provides Information on Delinquency [Line Items]
Purchased loans with credit deterioration	¥ 17,261,979

Other Assets (Details) - Sche_3

Other Assets (Details) - Schedule of Allowance for Credit Loss	12 Months Ended
	Dec. 31, 2023 USD ($)
Schedule of Allowance for Credit Loss [Abstract]
As of January 1
Provision for credit losses	74,133,669
Charge-offs	(12,744,502)
Recoveries
As of December 31	$ 61,389,167

Interest-Bearing Borrowings (De

Interest-Bearing Borrowings (Details) - CNY (¥)		12 Months Ended
Interest-Bearing Borrowings (Details) - CNY (¥)	Nov. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 26, 2022	Dec. 02, 2022	Nov. 16, 2022	Aug. 29, 2022
Interest Bearing Borrowings [Line Items]
Carrying amount		¥ 31,110,000
Loan agreement	30 years	10 years
Principal amount	¥ 22,250,000	¥ 75,500,000
Borrowing bear annual interest rate	4.10%	4.50%
Outstanding loan principal	¥ 22,250,000	¥ 74,870,833
Guangdong Yueke Asset Management Co., Ltd [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount					¥ 28,238,219
Interest payable			¥ 99,021
Xiamen Asset Management Co Ltd [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		1,818,219					¥ 5,965,977
Yuehai Asset [Member]
Interest Bearing Borrowings [Line Items]
Interest receivable			11,139,809
Pingan Puhui Lixin Asset Management Co., Ltd [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		¥ 78,506,284
Interest payable			1,767,661
Terms of transferred loans overdue		360 years
Pingan Puhui [Member]
Interest Bearing Borrowings [Line Items]
Interest receivable			66,130,175
China Foreign Economy and Trade Trust Co.,Ltd [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		¥ 1,442,034,780		¥ 12.5		¥ 113,053,053
Interest receivable		374,412,943
Interest payable		¥ 721,525
Terms of transferred loans overdue		913 years
Shanghai Xingbo [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		¥ 60,330,828
Interest receivable		20,974,932
Interest payable		805,748
Zhonghai Trust Co.,Ltd [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		143,964,403
Interest receivable		82,865,791
Interest payable		¥ 78,521
Terms of transferred loans overdue		720 years
Cofco Trust Co. Ltd [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		¥ 206,493,005
Interest payable		97,233,503
Cofco Trust Co. Ltd [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest payable		1,012,120
Changzhou Huitong Investment Co. [Member]
Interest Bearing Borrowings [Line Items]
Carrying amount		56,038,750
Interest receivable		28,799,109
Interest payable		¥ 540,596
VIEs [Member]
Interest Bearing Borrowings [Line Items]
Principal payment			¥ 8,107,350,157
VIEs [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate			5.10%
VIEs [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate			10.20%
Guangdong Yuehai Asset Management Co [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		10.50%
Guangdong Yuehai Asset Management Co [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		10%
Guangdong Yuehai Asset Management Co [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		10.50%
Pingan Puhui Lixin Asset Management Co., Ltd [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		13.80%
Pingan Puhui Lixin Asset Management Co., Ltd [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		12.80%
Pingan Puhui Lixin Asset Management Co., Ltd [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		0.80%
China Foreign Economy and Trade Trust Co.,Ltd [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		11.50%
China Foreign Economy and Trade Trust Co.,Ltd [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		12.50%
Shanghai Xingbo [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		12.50%
Zhonghai Trust Co.,Ltd [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		11.30%
Zhonghai Trust Co.,Ltd [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		13.20%
Cofco Trust Co. Ltd [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		11.50%
Cofco Trust Co. Ltd [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		12.30%
Changzhou Huitong Investment Co. [Member] \| Minimum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		11.50%
Changzhou Huitong Investment Co. [Member] \| Maximum [Member]
Interest Bearing Borrowings [Line Items]
Interest rate		13%
Pledged Assets One [Member]
Interest Bearing Borrowings [Line Items]
Percentage of pledged assets		10%
Pledged Assets Two [Member]
Interest Bearing Borrowings [Line Items]
Percentage of pledged assets		20%
Pledged Assets Three [Member]
Interest Bearing Borrowings [Line Items]
Percentage of pledged assets		30%
Pledged Assets Four [Member]
Interest Bearing Borrowings [Line Items]
Percentage of pledged assets		70%

Interest-Bearing Borrowings (_2

Interest-Bearing Borrowings (Details) - Schedule of Repurchase the Financial Assets at the Transaction’s Maturity - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity [Abstract]
Gross obligations under repurchase agreements	¥ 686,581,454	¥ 112,642,010
Funds obtained from financial institution [Member]
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity [Abstract]
Term	Within 2 years
Gross obligations under repurchase agreements	¥ 681,556,262	111,593,865
Interest payable financial institution [Member]
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity [Abstract]
Gross obligations under repurchase agreements	¥ 5,025,192	¥ 1,048,145
Minimum [Member] \| Funds obtained from financial institution [Member]
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity [Abstract]
Fixed interest rate per annum	10%
Maximum [Member] \| Funds obtained from financial institution [Member]
Schedule of Repurchase the Financial Assets at the Transaction’s Maturity [Abstract]
Fixed interest rate per annum	13.80%

Interest-Bearing Borrowings (_3

Interest-Bearing Borrowings (Details) - Schedule of Repurchase Agreement - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Underlying collateral types of gross obligations Repurchase agreements:
Repurchase agreements	¥ 681,556,262	¥ 111,593,865

Interest-Bearing Borrowings (_4

Interest-Bearing Borrowings (Details) - Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements [Abstract]
Gross obligations under repurchase agreements	¥ 681,556,262	¥ 111,593,865
Overnight [Member]
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements [Abstract]
Gross obligations under repurchase agreements
Up to 30 days [Member]
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements [Abstract]
Gross obligations under repurchase agreements
30 to 90 days [Member]
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements [Abstract]
Gross obligations under repurchase agreements
Greater than 90 days [Member]
Schedule of Contractual Maturities of the Gross Obligations under Repurchase Agreements [Abstract]
Gross obligations under repurchase agreements	¥ 681,556,262	¥ 111,593,865

Interest-Bearing Borrowings (_5

Interest-Bearing Borrowings (Details) - Schedule of Other Borrowings - CNY (¥)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Short-term:
Other borrowings, Total		¥ 8,243,615,381	¥ 7,727,559,337
Commercial bank A [Member]
Short-term:
Term		10
Other borrowings, Total	[1]	¥ 74,870,833
Commercial bank A [Member] \| Minimum [Member]
Short-term:
Fixed interest rate per annum	[1]	4.50%
Commercial bank B [Member]
Short-term:
Term		30
Other borrowings, Total	[2]	¥ 22,250,000
Commercial bank B [Member] \| Minimum [Member]
Short-term:
Fixed interest rate per annum	[2]	4.10%
Investors of consolidated VIEs [Member] \| Short-term [Member]
Short-term:
Term		1
Other borrowings, Total	[3]	¥ 6,428,349,468	5,675,480,078
Investors of consolidated VIEs [Member] \| Short-term [Member] \| Minimum [Member]
Short-term:
Fixed interest rate per annum	[3]
Investors of consolidated VIEs [Member] \| Long-term [Member]
Short-term:
Other borrowings, Total	[3]	¥ 1,679,000,689	1,991,623,976
Investors of consolidated VIEs [Member] \| Long-term [Member] \| Minimum [Member]
Short-term:
Fixed interest rate per annum	[3]
Term		1
Investors of consolidated VIEs [Member] \| Long-term [Member] \| Maximum [Member]
Short-term:
Term		5
Investors of consolidated VIEs [Member] \| Interest payable to [Member]
Short-term:
Other borrowings, Total	[3]	¥ 39,144,391	¥ 60,455,283

[1]In December 2023, the Group entered into a 10-year loan agreement with a commercial bank in the PRC, with total principal of RMB75,500,000. The borrowing bear annual interest rate of 4.5% in 2023 and were secured by the Group’s recently purchased office buildings. As of December 31, 2023, the outstanding loan principal was RMB74,870,833.[2]In November 2023, the Group entered into a 30-year loan agreement with a commercial bank in the PRC, with total principal of RMB22,250,000. The borrowing bear annual interest rate of 4.1% and were secured by the Group’s recently purchased real estate property. As of December 31, 2023, the outstanding loan principal was RMB22,250,000.[3]The financial liabilities arising from the VIEs with underlying investments in loans to customers are classified as payable in these consolidated financial statements. It is because the Group has an obligation to pay senior tranches holders upon maturity dates based on the related terms of those consolidated structured funds. As of December 31, 2023, the borrowings from VIEs have principal RMB8,107,350,157, bearing interests from 5.1% to 10.2% per year.

Interest-Bearing Borrowings (_6

Interest-Bearing Borrowings (Details) - Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Interest-Bearing Borrowings (Details) - Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations [Line Items]
2024	¥ 7,936,388
2025	1,248,252,531	1,084,492,735
2026	106,369,349	237,055,841
2027	10,337,558	13,075,400
2028	8,005,121
Thereafter	395,220,575	657,000,000
Total	1,776,121,522	1,991,623,976
2023	7,936,388
2024	1,248,252,531	1,084,492,735
2025	106,369,349	237,055,841
2026	10,337,558	13,075,400
2027	8,005,121
Investors of consolidated VIEs [Member]
Interest-Bearing Borrowings (Details) - Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations [Line Items]
2024
2025	1,240,300,000	1,084,492,735
2026	98,400,000	237,055,841
2027	2,350,689	13,075,400
2028
Thereafter	337,950,000	657,000,000
Total	1,679,000,689	1,991,623,976
2023
2024	1,240,300,000	1,084,492,735
2025	98,400,000	237,055,841
2026	2,350,689	13,075,400
2027
Commercial bank A [Member]
Interest-Bearing Borrowings (Details) - Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations [Line Items]
2024	7,550,000
2025	7,550,000
2026	7,550,000
2027	7,550,000
2028	7,550,000
Thereafter	37,120,833
Total	74,870,833
2023	7,550,000
2024	7,550,000
2025	7,550,000
2026	7,550,000
2027	7,550,000
Commercial bank B [Member]
Interest-Bearing Borrowings (Details) - Schedule of Aggregate Annual Maturities of Long-Term Borrowing Obligations [Line Items]
2024	386,388
2025	402,531
2026	419,349
2027	436,869
2028	455,121
Thereafter	20,149,742
Total	22,250,000
2023	386,388
2024	402,531
2025	419,349
2026	436,869
2027	¥ 455,121

Interest-Bearing Borrowings (_7

Interest-Bearing Borrowings (Details) - Schedule of Pledge Assets - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged Assets	¥ 2,359,528,851	¥ 147,257,249
Loans principal, interest and financing service fee receivables [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged Assets	2,163,917,080	147,257,249
Office buildings [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged Assets	151,111,771
Real estate property [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged Assets	¥ 44,500,000

Credit Risk Mitigation Positi_3

Credit Risk Mitigation Position (Details)	Dec. 31, 2023
Minimum [Member]
Credit Risk Mitigation Position [Line Items]
Securities deposit percentage	5%
Maximum [Member]
Credit Risk Mitigation Position [Line Items]
Securities deposit percentage	25%

Credit Risk Mitigation Positi_4

Credit Risk Mitigation Position (Details) - Schedule of Credit Risk Mitigation Position - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Credit Risk Mitigation Position [Abstract]
Balance at the beginning of the year	¥ 1,354,653,070	¥ 1,348,449,426
Increase during the year	767,794,395	960,663,187
Decrease during the year	(532,841,138)	(883,079,007)
Confiscation during the year	(422,763)	(71,380,536)
Balance at the end of the year	¥ 1,589,183,564	¥ 1,354,653,070

Other Liabilities (Details)

Other Liabilities (Details) - CNY (¥)	12 Months Ended
Other Liabilities (Details) - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities (Details) [Line Items]
Future payment	¥ 4,060,000,000	¥ 2,450,000,000
Guarantee receivable	57,132,677	82,385,089
Financial guarantee loans	¥ 291,555,165	¥ 148,482,416
Other liabilities description	Other liabilities are expected to be settled or recognized as income within one year or are repayable on demand.
Minimum [Member]
Other Liabilities (Details) [Line Items]
Initial term of guarantee liabilities	1 year
Remaining term of guarantee liabilities	1 year
Maximum [Member]
Other Liabilities (Details) [Line Items]
Initial term of guarantee liabilities	10 years
Remaining term of guarantee liabilities	10 years

Other Liabilities (Details) - S

Other Liabilities (Details) - Schedule of Other Liabilities - CNY (¥)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Schedule of other liabilities [Abstract]
Guarantee repayments from sales partner	[1]	¥ 745,949,231	¥ 416,698,397
Guarantee liabilities	[2]	348,687,842	230,867,505
Settlement and clearing accounts	[3]	185,879,704	135,652,186
Collaboration cost payable	[4]	77,772,200	50,393,275
Other tax payable	[5]	67,039,714	74,985,486
Receipt in advance	[6]	39,640,024	35,645,384
Customer pledged deposits	[7]	39,136,313	39,296,162
Amounts due to third parties	[8]	15,634,165	18,591,226
Accrued expenses	[9]	7,308,342	16,486,002
Others	[10]	3,644,317	9,855,045
Total		¥ 1,530,691,852	¥ 1,028,470,668

[1]Under the collaboration model, sales partners are required to provide a certain level of guarantee of repayment for loans recommended. Guarantee repayments from sales partner mainly consist of repayments collected from sales partners who exercise the guarantee, and those repayments will be returned to trust company.[2]In 2021, the Group started to cooperate with a third-party financing guarantee corporation, Guangzhou Nanfeng, that directly provides guarantee services to commercial banks. According to relevant financial guarantee arrangements, Guangzhou Nanfeng will fulfil its obligations to purchase defaulted loans. However, the Group is required to provide deposits and replenish such deposits from time to time to Guangzhou Nanfeng for its obligations of purchasing defaulted loans. Effectively, the Group provides back-to-back guarantee to Guangzhou Nanfeng and takes on all of the credit risk of the borrowers. These financial guarantee contracts are accounted for as guarantee liabilities under ASC 460, Guarantees. Maximum potential undiscounted future payment that the Group would be required to make were RMB2.45 billion and RMB4.06 billion, as of December 31, 2022 and December 31, 2023, respectively. The Group recognized both a stand-ready guarantee liability under ASC 460 with an associated guarantee receivable, amounting RMB82,385,089 and RMB57,132,677 for fiscal year 2022 and 2023, respectively, and a contingent guarantee liability with an allowance for credit losses of the underlying loans under current expected credit loss (“ACL”) model for these financial guarantee provided for off-balance sheet loans, amounting RMB148,482,416 and RMB291,555,165 for fiscal year 2022 and 2023, respectively. The increase in contingent guarantee liabilities under ACL model from December 31, 2022 to December 31, 2023 is mainly due to the expansion of off-balance sheet loans under the commercial bank partnership model. This increase was partially offset by a favorable macroeconomic environment mentioned in Note 5 (a)(i). The initial term of the guarantee liabilities is the same as the term of loans facilitated under the arrangements with commercial banks, which ranges from 1 year to 10 years, as of December 31, 2023. The remaining term of the guarantee liabilities range from 1 year to 10 years as of December 31, 2023.[3]The Group transferred loans to third party investors and recorded these transactions as sales in Note 5(c). After the transfer, the contract terms related to payment proceeds from the loans remain the same: The Group collects payments of loans and then disburses the proceeds from the relevant loans to third-party transferees.[4]The collaboration cost for sales partners is a percentage of the loan principal amount that the sales partners recommended to the Group and is calculated by subtracting the project cost, a cost which is agreed between the Group and the sales partners that will vary based on different terms of loans, from interest and fees income received from borrowers.[5]Other tax payables mainly represent value-added tax and surcharges payables.[6]Receipt in advance consists of advance for interest and financing service fees on loans and down payments of loans held-for-sale by loan transferees.[7]Customer pledged deposits mainly consist of the deposits collected from certain customers to reduce the risk of failure to make payments on schedule.[8]Amounts due to third parties are payments to be paid for third parties.[9]Accrued expenses mainly consist of promotional costs relating to building the collaboration model and expenses payable to consultants such as the auditor and lawyer.[10]Other liabilities are expected to be settled or recognized as income within one year or are repayable on demand.

Other Liabilities (Details) -_2

Other Liabilities (Details) - Schedule of Contingent Guarantee Liabilities - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Contingent Guarantee Liabilities [Abstract]
As of January 1	¥ 148,232,216	¥ 3,182,958
Provision for credit losses	149,512,430	145,049,258
Payouts during the year	(156,233,140)
Increase in guaranteed recoverable assets	150,043,659
As of December 31	¥ 291,555,165	¥ 148,232,216

Ordinary Shares (Details)

Ordinary Shares (Details)					12 Months Ended
Ordinary Shares (Details)	Nov. 21, 2018 $ / shares shares	Nov. 07, 2018 shares	Jul. 11, 2018 $ / shares shares	Jan. 08, 2014 HKD ($) $ / shares shares	Dec. 31, 2023 shares	Dec. 31, 2022 shares	Jul. 19, 2021 shares	Jul. 11, 2018 $ / shares
Ordinary shares [Line Items]
Authorized share capital value (in Dollars) \| $				$ 380,000
Authorized share capital shares				3,800,000,000
Price per share \| (per share)			$ 0.0001	$ 0.0001				$ 0.0001
Consideration per share (in Dollars per share) \| $ / shares				$ 0.0001
Percentage ordinary shares				100%
Number of shares repurchased			1,230,434,041
Number of shares issued			1,230,434,040
Redenomination, description					As the result of the above redenomination, the par value of the Company’s shares has been changed from HKD0.0001 to USD0.0001, and its authorized share capital has been increased to USD380,000 divided into 3,800,000,000 shares of USD0.0001 each.
Share price per ADS (in Dollars per share) \| $ / shares	$ 7.5
Outstanding ordinary shares					1,371,643,240	1,559,576,960
Ordinary shares issued					187,933,720		187,933,720
IPO [Member]
Ordinary shares [Line Items]
Number of shares issued		130,000,000
Number of ADS issued		6,500,000
Green Shoes Options [Member]
Ordinary shares [Line Items]
Number of shares issued	2,709,200	8,500,000
Number of ADS issued	135,460	425,000
Share price per ADS (in Dollars per share) \| $ / shares	$ 7.5

Retained Earnings (Details)

Retained Earnings (Details)		12 Months Ended
Retained Earnings (Details)	Mar. 31, 2012	Dec. 31, 2023
Retained Earnings [Abstract]
Percentage of gross risk bearing assets	1.50%
Percentage of net income approval by board of directors		10%

Retained Earnings (Details) - S

Retained Earnings (Details) - Schedule of Retained Earnings - CNY (¥)		Dec. 31, 2023	Dec. 31, 2022
Schedule of Retained Earnings [Abstract]
PRC statutory reserves	[1]	¥ 258,654,052	¥ 258,654,052
PRC surplus reserves	[2]	173,958,994	169,552,789
Unreserved retained earnings		2,671,343,496	2,530,509,454
Total		¥ 3,103,956,542	¥ 2,958,716,295

[1]With effect from July 1, 2012, pursuant to the “Administrative Measures on Accrual of Provisions by Financial Institutions” issued by the Ministry of Finance in March 2012, the Group is required, in principle, to set aside a general reserve not lower than 1.5% of the ending balance of its gross risk-bearing assets.[2]In accordance with the Company’s PRC subsidiaries’ articles of associate, the subsidiaries are required to appropriate 10% of their net incomes, upon approval by board of directors.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Losses (Details) - Schedule of Accumulated Other Comprehensive Losses - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Accumulated Other Comprehensive Losses [Abstract]
Foreign currency translation adjustment, Beginning balance	¥ (10,211,997)	¥ (25,393,515)
Foreign currency translation adjustment, Other comprehensive income (loss), net	867,116	15,181,518
Foreign currency translation adjustment, Ending balance	(9,344,881)	(10,211,997)
Total, Beginning balance	(10,211,997)	(25,393,515)
Total, Other comprehensive income (loss), net	867,116	15,181,518
Total, Ending balance	¥ (9,344,881)	¥ (10,211,997)

Interest and Fees Income (Detai

Interest and Fees Income (Details) - Schedule of Interest and Fees Income Costs - CNY (¥)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Interest and Fees Income Costs [Abstract]
Interest and financing service fees on loans	[1]	¥ 1,580,001,675	¥ 1,574,074,534	¥ 1,770,351,645
- Interest income		1,579,868,355	1,573,405,364	1,759,906,523
- Financing service fees		133,320	669,170	10,445,122
Interest income charged to sales partners	[2]	134,542,337	122,019,472	33,448,660
Interest income on debt securities	[3]	20,468,849	22,195,046
Interest on deposits with banks		19,582,159	13,063,523	11,973,675
Total		¥ 1,754,595,020	¥ 1,731,352,575	¥ 1,815,773,980

[1]Interest and financing service fees on loans, which include financing service fees on loans, are recognized in the consolidated statements of comprehensive income using the effective interest method. Financing service fees on loans, are deferred and amortized over the contractual life of the related loans utilizing the effective interest method.[2]Interest income charged to sales partners refers to the cost of and interest on the partner’s instalment repurchase options under collaboration model.[3]Interest income on debt securities in forms of partnership investment and corporate debt securities. Please refer to note 6(b).

Net Revenue Under the Commerc_2

Net Revenue Under the Commercial Bank Partnership Model (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Revenue Under the Commercial Bank Partnership Model [Abstract]
Borrowers	¥ 43,320,048	¥ 48,352,866
Covering cash processing services	27,233,014	6,226,524
Gains from guarantee liabilities	139,449,648	15,167,071
Commission fee	¥ 122,066,705	¥ 12,195,456

Collaboration Cost for Sales _2

Collaboration Cost for Sales Partners (Details) - Cost of Sales [Member]	12 Months Ended
	Dec. 31, 2023
Minimum [Member]
Collaboration Cost for Sales Partners [Line Items]
Loans issued to the borrowers, percentages	5%
Maximum [Member]
Collaboration Cost for Sales Partners [Line Items]
Loans issued to the borrowers, percentages	25%

Provision for Credit Losses, _3

Provision for Credit Losses, Net of Increase in Guaranteed Recoverable Assets (Details) - Schedule of Provision for Credit Losses - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	¥ (177,282,998)	¥ (238,084,863)	¥ 298,467,893
Home equity loans [Member]
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	57,110,646	(55,755,647)	257,624,013
Corporate loans [Member]
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	(31,271,295)	(24,693,114)
Debt securities [Member]
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	6,209,195	(10,565,475)	(5,403,084)
Guarantee liabilities [Member]
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	(149,512,430)	(145,049,258)	(3,182,958)
Interest and financing service fee receivables [Member]
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	5,020,090	7,947,030	49,429,922
Other Assets [Member]
Schedule of Provision for Credit Losses [Abstract]
Provision for credit losses	¥ (64,839,204)	¥ (9,968,399)

Realized Gains on Sales of In_2

Realized Gains on Sales of Investments, Net (Details) - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Realized Gains on Sales of Investments, Net [Abstract]
Gross realized gains on sales of investments	¥ 38,169,360	¥ 28,330,375	¥ 57,368,616
Gross realized losses on sales of investments	¥ 31,620,876	¥ 7,763,703	¥ 38,198,180

Net Losses on Sales of Loans (D

Net Losses on Sales of Loans (Details) - CNY (¥)	12 Months Ended
Net Losses on Sales of Loans (Details) - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Sales [Member]
Net Losses on Sales of Loans (Details) [Line Items]
Net (losses)/gains on sales of loans	¥ 17,190,545	¥ 44,554,948	¥ 479,584,775

Other Gains, Net (Details) - Sc

Other Gains, Net (Details) - Schedule of Other Gains, Net - CNY (¥)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Other Gains, Net [Abstract]
Foreign exchange gains	[1]	¥ 3,589,629	¥ 7,355,135	¥ 786,080
Net gains on confiscated credit risk mitigation positions	[2]	422,763	71,380,536	12,733,681
Profits/(losses) from fair value changes		(5,765,113)	(362,855)	1,101,669
Net loss on disposal of property and equipment	[3]	(147,644)	(30,742)	(328,262)
Others		6,747,962	11,571,964	7,768,674
Total		¥ 4,847,597	¥ 89,914,038	¥ 22,061,842

[1]The changes of foreign exchange gain are mainly due to exchange rate changes in cash and cash equivalents held by the Group, including US dollar account and Hong Kong dollar account.[2]Sales partners provide CRMPs as security deposits. Pursuant to the collaboration agreements if the debtor’s loan principal repayments or accrued interests are past due or the loan is in default, sales partners are obliged to fulfill their guaranteed responsibility by selecting among different approaches, otherwise the CRMPs deposited by sales partners are confiscated by the Group, refer to Note 1.[3]Profits/(losses) from fair value change refers to gains or losses resulting from changes in the fair value of investment securities.

Other Expenses (Details) - Sche

Other Expenses (Details) - Schedule of Other Expenses - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Other Expenses [Abstract]
Advertising and promotion expenses	¥ 49,828,134	¥ 32,412,727	¥ 29,171,942
Consulting fees	17,480,308	12,016,260	9,330,732
Entertainment and travelling expenses	15,252,790	9,740,873	10,793,089
Office and commute expenses	10,792,783	7,791,694	10,711,801
Post-loan management expenses	10,481,523
Directors and officers liability insurance	3,613,489	3,474,151	3,545,117
Communication expenses	2,826,369	2,424,242	3,861,529
Research and development expenses	1,791,754	760,465	1,602,095
Depreciation and amortization	1,753,032	2,244,279	3,821,788
Litigation and attorney fees	1,714,117	7,680,633	18,697,784
Others	5,986,473	7,344,173	8,964,511
Total	¥ 121,520,772	¥ 85,889,497	¥ 100,500,388

Income Tax Expense (Details)

Income Tax Expense (Details)	12 Months Ended
Income Tax Expense (Details)	Dec. 31, 2023 CNY (¥) ¥ / shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥) ¥ / shares	Dec. 31, 2021 ¥ / shares
Income Tax Expense [Line Items]
PRC statutory income tax rate	25%	25%	25%	25%
Corporate income tax	20%	20%
Percentage of actual taxable amount	25%	25%
PRC statutory income tax rate	25%	25%
Effective Income Tax Rate Reconciliation, Tax Holiday, Amount	¥ 7,200,000		¥ 2,500,000
Basic earnings per ordinary share \| ¥ / shares	¥ 0.12		¥ 0.1	¥ 0.05
Diluted earnings per ordinary share \| ¥ / shares	¥ 0.11		¥ 0.09	¥ 0.05
Net operating loss carryforwards	¥ 40,166,989
Deferred tax assets net operating loss carryforwards	10,041,747		¥ 9,116,290
Cumulative amount of temporary difference in respect of investments PRC subsidiaries	¥ 2,878,680,731
Percentage of withholding income tax	10%
Amount of unrecognized deferred tax liabilities	¥ 287,868,073
PRC [Member]
Income Tax Expense [Line Items]
PRC statutory income tax rate	25%	25%
PRC statutory income tax rate	5%	5%
Basic earnings per ordinary share \| ¥ / shares	¥ 0.005		¥ 0.002
Diluted earnings per ordinary share \| ¥ / shares	¥ 0.005		¥ 0.002
Guangzhou Fanze Information Technology Co., Ltd. [Member]
Income Tax Expense [Line Items]
Reduction in the income tax rate \| $		$ 50

Income Tax Expense (Details) -

Income Tax Expense (Details) - Schedule of Income Tax Expense Relates to the PRC - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Income Tax Expense Relates to the PRC [Abstract]
Current tax expense	¥ 57,510,432	¥ 171,146,093	¥ 218,567,885
Deferred tax benefit	(16,493,414)	(133,913,450)	(190,009,905)
Total income tax expense	¥ 41,017,018	¥ 37,232,643	¥ 28,557,980

Income Tax Expense (Details) _2

Income Tax Expense (Details) - Schedule of Components of the Deferred Tax Assets and Liabilities - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowance for credit losses	¥ 299,171,819	¥ 316,744,794
Debt securities	2,439,841	3,992,140
Guarantee liabilities	78,276,760	37,120,604
Net operating loss carry-forwards	10,041,747	9,116,290
Lease liabilities	6,518,368	7,145,869
Receivables from sales of loans	2,861,697
Other deferred tax assets	707,887	669,876
Total deferred tax assets	400,018,119	374,789,573
Valuation allowance	(10,041,747)	(9,116,290)
Deferred tax assets, net of valuation allowance	389,976,372	365,673,283
Net deferred tax assets	92,224,714	76,904,707
Deferred tax liabilities:
Intangible assets	(742,500)	(742,500)
Short term investments	(20,756)	(171,864)
Right-of-use assets	(6,956,985)	(7,444,339)
Intercompany receivables	(41,453,522)	(41,988,923)
Guarantee assets	(218,757,757)	(181,602,700)
Undistributed earnings from structured funds	(102,398,753)	(130,570,272)
Total deferred tax liabilities	(370,330,273)	(362,520,598)
Net deferred tax liabilities	¥ (72,578,615)	¥ (73,752,022)

Income Tax Expense (Details) _3

Income Tax Expense (Details) - Schedule of Movement of Valuation Allowance - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Movement of Valuation Allowance [Abstract]
At the beginning of year	¥ 9,116,290	¥ 15,226,575	¥ 10,443,239
Current year additions	2,096,152	613,314	7,238,296
Current year reversals	(722,911)	(6,722,726)	(2,427,869)
Current year expiration of carry-forwards	(447,784)	(873)	(27,091)
Net change in the valuation allowance	925,457	(6,110,285)	4,783,336
At the end of year	¥ 10,041,747	¥ 9,116,290	¥ 15,226,575

Income Tax Expense (Details) _4

Income Tax Expense (Details) - Schedule of Income Before Income Tax Expense - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Income Before Income Tax Expense [Line Items]
Total	¥ 205,634,579	¥ 172,584,054	¥ 93,765,444
Cayman Islands [Member]
Schedule of Income Before Income Tax Expense [Line Items]
Total	(9,006,814)	(477,322)	(189,507)
BVI [Member]
Schedule of Income Before Income Tax Expense [Line Items]
Total	4,407,292	(20,803)	(247)
Hong Kong [Member]
Schedule of Income Before Income Tax Expense [Line Items]
Total	(1,168,618)	2,773,547	(11,202,740)
PRC [Member]
Schedule of Income Before Income Tax Expense [Line Items]
Total	¥ 211,402,719	¥ 170,308,632	¥ 105,157,938

Income Tax Expense (Details) _5

Income Tax Expense (Details) - Schedule of Reconciliation of Statutory Income Tax Rate to the Effective Income Tax Rate	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of reconciliation of statutory income tax rate to the effective income tax rate [Abstract]
PRC statutory income tax rate	25%	25%	25%
(Decrease)/increase in effective income tax rate resulting from:
Tax holiday	(3.48%)	(1.42%)
Tax-free income	(2.64%)	(1.36%)	(10.63%)
Non-deductible share option expense	0.91%	0.84%	5%
Other non-deductible expenses	0.42%	0.67%	2.56%
Zero tax rate in foreign countries	0.84%	0.07%	0.05%
Differential and preferential tax rates	(0.11%)	(0.40%)	3.05%
Changes in valuation allowance	0.67%	(3.54%)	5.14%
Research and development super-deduction	(1.01%)
Changes in unrecognized tax benefits	(0.82%)	0.31%
Others	0.17%	1.40%	0.29%
Effective income tax rate	19.95%	21.57%	30.46%

Earning Per Share (Details)

Earning Per Share (Details) - shares		12 Months Ended
Earning Per Share (Details) - shares	Dec. 31, 2020	Dec. 31, 2023
Earning Per Share [Line Items]
Ordinary shares issued to the depositary	187,933,720
Ordinary shares to settle share-based compensation		187,933,720
Ordinary shares are legally issued and not outstanding		187,933,720

Earning Per Share (Details) - S

Earning Per Share (Details) - Schedule of Computation of Basic and Diluted Earnings Per Share - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of computation of basic and diluted earnings per share [Abstract]
Net income	¥ 164,617,561	¥ 135,351,411	¥ 65,207,464
Basic weighted average number of common shares outstanding	1,371,643,240	1,371,643,240	1,371,643,240
Effect of dilutive share options	¥ 74,254,198	¥ 155,453,871	¥ 154,246,831
Dilutive weighted average number of ordinary shares	1,445,897,438	1,527,097,111	1,525,890,071
Basic earnings per share	¥ 0.12	¥ 0.1	¥ 0.05
Diluted earnings per share	¥ 0.11	¥ 0.09	¥ 0.05

Share-Based Compensation Expe_3

Share-Based Compensation Expenses (Details) ¥ in Millions			12 Months Ended
Share-Based Compensation Expenses (Details) ¥ in Millions	Dec. 31, 2019 shares	Jan. 03, 2017 shares	Dec. 31, 2023 CNY (¥) shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-Based Compensation Expenses [Line Items]
Ordinary shares issued (in Shares)			187,933,730	187,933,730
Ordinary shares exercised (in Shares)			187,933,730
Option expired (in Dollars per share) \| $ / shares				$ 80
Contractual life term								The contractual life of the options is 6 years, 7 years and 8 years, respectively. Therefore, the risk-free rate for the expected term of the options is determined based on the yield to maturity of China 5-year, 7-year and 10-year government bond, using interpolation method, at the date of grant.
Contractual life term			1 year
Compensation cost (in Yuan Renminbi) \| ¥			¥ 7.5
Share Incentive Plan 2017 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights			20%
Share Incentive Plan 2017 [Member]
Share-Based Compensation Expenses [Line Items]
Number of shares granting options to purchase (in Shares)		187,933,730
Share Incentive Plan 2017 [Member] \| December 31, 2017 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights		60%
Share Incentive Plan 2017 [Member] \| December 31, 2018 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights		20%
Share Incentive Plan 2017 [Member] \| December 31, 2019 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights		20%
Share Incentive Plan 2018 [Member]
Share-Based Compensation Expenses [Line Items]
Number of shares granting options to purchase (in Shares)	119,674,780
2019 Option [Member] \| December 31, 2020 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights							50%
2019 Option [Member] \| December 31, 2021 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights						30%
2019 Option [Member] \| December 31, 2022 [Member]
Share-Based Compensation Expenses [Line Items]
Percentage of award vesting rights					20%
2018 Option [Member] \| December 31, 2022 [Member]
Share-Based Compensation Expenses [Line Items]
Risk-free rate expected term									6 years

Share-Based Compensation Expe_4

Share-Based Compensation Expenses (Details) - Schedule of Estimated Fair Value of Binomial Option Pricing Model		12 Months Ended
	Jan. 03, 2017	Dec. 31, 2023	Dec. 31, 2019
Schedule of Estimated Fair Value of Binomial Option Pricing Model [Line Items]
Expected volatility		59.27%
Expected dividends
Risk-free interest rate		2.08%
Expected term (in years)
Expected life (in years)		1 year
(2018 Option) [Member]
Schedule of Estimated Fair Value of Binomial Option Pricing Model [Line Items]
Expected volatility	40%
Expected dividends
Risk-free interest rate	3.10%
Expected term (in years)	5 years
Expected life (in years)	6 years
(2019 Option) [Member]
Schedule of Estimated Fair Value of Binomial Option Pricing Model [Line Items]
Expected volatility			41.52%
Expected dividends
Risk-free interest rate			3.12%
Expected term (in years)			5 years
Expected life (in years)			8 years

Share-Based Compensation Expe_5

Share-Based Compensation Expenses (Details) - Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants	12 Months Ended
	Dec. 31, 2023 ¥ / shares shares
January 3, 2017 [Member]
Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants [Line Items]
Options granted/modified (in Shares) \| shares	75,173,492
Exercise price	¥ 0.5
Fair value of option	1.26
Fair value of ordinary shares	¥ 1.72
January 3, 2017 [Member]
Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants [Line Items]
Options granted/modified (in Shares) \| shares	112,760,238
Exercise price	¥ 0.5
Fair value of option	1.27
Fair value of ordinary shares	¥ 1.72
December 31, 2019 [Member]
Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants [Line Items]
Options granted/modified (in Shares) \| shares	83,772,346
Exercise price	¥ 1
Fair value of option	0.71
Fair value of ordinary shares	¥ 1.4
December 31, 2019 [Member]
Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants [Line Items]
Options granted/modified (in Shares) \| shares	35,902,434
Exercise price	¥ 1
Fair value of option	0.75
Fair value of ordinary shares	¥ 1.4
December 31, 2023 [Member]
Schedule of Fair Value of Options and Ordinary Shares Estimated at the Dates of Option Grants [Line Items]
Options granted/modified (in Shares) \| shares	150,346,984
Exercise price	¥ 0.5
Fair value of option	0.34
Fair value of ordinary shares	¥ 0.29

Operating Leases (Details) - Sc

Operating Leases (Details) - Schedule of Operating Lease Cost and Other Supplemental Information - CNY (¥)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Operating Lease Cost and Other Supplemental Information [Abstract]
Operating lease cost	[1]	¥ 16,366,797	¥ 13,966,943	¥ 14,764,364
Weighted-average remaining lease term		2 years 9 months 3 days	3 years 7 months 2 days
Weighted-average discount rate		4.74%	4.75%
Cash paid for amounts included in the measurement of lease liabilities under operating cash flows		¥ 16,927,380	¥ 15,101,145
ROU assets obtained in exchange for new operating lease liabilities		¥ 27,827,938	¥ 29,777,357

[1]Amounts include short-term leases that are immaterial.

Operating Leases (Details) - _2

Operating Leases (Details) - Schedule of Reconciliation to the Lease Liabilities - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Reconciliation to the Lease Liabilities [Abstract]
2024	¥ 12,812,205
2025	6,691,928
2026	4,935,462
2027	3,427,888
2026
Thereafter
Total future operating lease payments	27,867,483
Less: imputed interest	(1,794,010)
Total present value of operating lease liabilities	¥ 26,073,473	¥ 28,583,475

Condensed Financial Informati_3

Condensed Financial Information of the Parent Company (Details) - $ / shares		12 Months Ended
	Jan. 08, 2024	Dec. 31, 2023
Condensed Financial Information of the Parent Company (Details) [Line Items]
Percentage of net income		10%
Registered capital, percentage		50%
Consolidated net assets, percentage		25%
Percentage of ordinary share	100%
Cayman Islands Entity [Member]
Condensed Financial Information of the Parent Company (Details) [Line Items]
Share issued par value (in Dollars per share)	$ 0.0001
VIE [Member]
Condensed Financial Information of the Parent Company (Details) [Line Items]
Consolidated net assets, percentage		25%

Condensed Financial Informati_4

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Balance Sheets - Parent [Member] - CNY (¥)	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	¥ 12,927,318	¥ 5,080,204
investment securities	5,305,137	11,320,828
Investments in subsidiaries	392,559,403	392,559,403
Other assets	196,071,985	212,636,091
Total assets	606,863,843	621,596,526
Accrued employee benefits	425,994	620,748
Other operating liabilities	12,485,706	10,827,876
Total liabilities	12,911,700	11,448,624
Ordinary shares (USD0.0001 par value; 3,800,000,000 shares authorized; 1,559,576,960 shares issued and 1,371,643,240 shares outstanding as of December 31, 2022 and December 31, 2023, respectively)	916,743	916,743
Treasury stock	(101,277,607)	(87,631,475)
Additional paid-in capital	705,422,445	705,422,445
Retained earnings	(16,951,566)	(7,944,752)
Accumulated other comprehensive losses	5,842,128	(615,059)
Total shareholders’ equity	593,952,143	610,147,902
Total liabilities and shareholders’ equity	¥ 606,863,843	¥ 621,596,526

Condensed Financial Informati_5

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Balance Sheets (Parentheticals) - Parent [Member] - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Condensed Balance Sheet Statements, Captions [Line Items]
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	3,800,000,000	3,800,000,000
Ordinary shares, shares issued	1,559,576,960	1,559,576,960
Ordinary shares, shares outstanding	1,371,643,240	1,371,643,240

Condensed Financial Informati_6

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Statements of Comprehensive Income - Parent Company [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest and fees income
Interest income on debt securities		¥ 621,472
Interest on deposits with banks	11,254	20,593
Total interest and fees income	11,254	642,065
Realized gains/(losses) on sales of investments, net	(5,691,380)	2,889,427
Other (losses)/gains, net	987,920	(22)
Total non-interest income	(4,703,460)	2,889,405
Operating expenses
Employee compensation and benefits	(892,811)	(620,748)
Other expenses	(3,421,797)	(3,388,044)
Total operating expenses	(4,314,608)	(4,008,792)
Losses before income tax expense	(9,006,814)	(477,322)
Net losses	(9,006,814)	(477,322)
Other comprehensive income
Foreign currency translation adjustment	6,457,187	23,937,221
Comprehensive income/ (losses)	¥ (2,549,627)	¥ 23,459,899

Condensed Financial Informati_7

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Statements of Cash Flows - Parent Company [Member] - CNY (¥)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net losses	¥ (9,006,814)	¥ (477,322)
Other operating assets	22,579,797	67,500,641
Other operating liabilities	1,463,075	1,751,140
Net cash provided by operating activities	15,036,058	68,774,459
Cash flows from financing activities:
Repurchase of ordinary shares	(13,646,132)	(87,631,475)
Net cash used in financing activities	(13,646,132)	(87,631,475)
Net (decrease)/ increase in cash and cash equivalents	1,389,926	(18,857,016)
Cash and cash equivalents at the beginning of year	5,080,204
Effect of exchange rate change on cash and cash equivalents	6,457,188	23,937,220
Cash and cash equivalents at the end of year	¥ 12,927,318	¥ 5,080,204

Concentration of Risks (Details

Concentration of Risks (Details)	12 Months Ended
Concentration of Risks (Details)	Dec. 31, 2023
Concentration of Risks (Details) [Line Items]
Interest-bearing borrowing	10%
Outstanding principal balance of loans, percentage	37.40%
Sales partners, percentage	63.10%
Total outstanding off-balance percentage	90%
Sales partners A [Member]
Concentration of Risks (Details) [Line Items]
Outstanding principal balance of loans, percentage	37.30%
Sales partners, percentage	0.80%
Sales partners B [Member]
Concentration of Risks (Details) [Line Items]
Outstanding principal balance of loans, percentage	0.10%
Sales partners, percentage	39.40%
Sales partners C [Member]
Concentration of Risks (Details) [Line Items]
Sales partners, percentage	22.90%

Concentration of Risks (Detai_2

Concentration of Risks (Details) - Schedule of Total Interest Bearing Borrowing	Dec. 31, 2023	Dec. 31, 2022
Other Ownership Interests [Line Items]
Interest-bearing borrowing	93%	77%
Trust company A [Member]
Other Ownership Interests [Line Items]
Interest-bearing borrowing	56.40%	59.50%
Trust company B [Member]
Other Ownership Interests [Line Items]
Interest-bearing borrowing	22.20%	4.10%
Trust company C [Member]
Other Ownership Interests [Line Items]
Interest-bearing borrowing	14.40%	13.40%

Concentration of Risks (Detai_3

Concentration of Risks (Details) - Schedule of Outstanding Principal Balance of Loans to Borrowers	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Sales partners A and B [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Sales partners	37.40%	23%
Sales partners A, B, and C [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Sales partners	63.10%

Concentration of Risks (Detai_4

Concentration of Risks (Details) - Schedule of Commercial Bank Partnership Model Loans	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Guarantee services [Member]
Concentration of Risks (Details) - Schedule of Commercial Bank Partnership Model Loans [Line Items]
Financing Guarantee Corporation A	98.20%	98.50%