Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Operating Leases

v3.22.1
Operating Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Operating Leases

(22)

OPERATING LEASES

The Group generates rental income by leasing its own properties. Rental income under operating lease is recognized on a straight-line basis over the term of the lease, including any periods of free rent, and is classified as “other operating income, net” after netting off relevant costs.

Property on Operating Lease

 

 

 

 

December 31,

2020

 

 

December 31,

2021

 

 

RMB

 

 

RMB

Building

 

 

53,049,213

 

 

Less: Accumulated depreciation

 

 

(20,497,038)

 

 

 

 

 

32,552,175

 

 

 

The operating lease entered into during the year ended December 31, 2021 has expired and there is no effective operating lease of properties as of December 31, 2021.