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

FAIR VALUE MEASUREMENT (Tables)

v3.19.1
FAIR VALUE MEASUREMENT (Tables)
12 Months Ended
Dec. 31, 2018
FAIR VALUE MEASUREMENT  
Schedule of the placement in the fair value hierarchy of assets that are measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value disclosure or measurement at

 

 

 

 

December 31, 2017 and 2018 using

 

    

December 31, 2017 and 2018

    

Level 1

    

Level 2

    

Level 3

 

 

RMB

 

RMB

 

RMB

 

RMB

Available-for-sale investment:

 

 

 

 

 

 

 

 

Convertible promissory note

 

 —

 

 —

 

 —

 

 —

 

Schedule of roll-forward of the fair value of Level 3 (significant unobservable inputs) assets

 

 

 

 

 

    

Available-for-sale investment

 

 

RMB

Beginning balance as of April 1, 2016

 

1,938,360

Purchase

 

7,957,440

Total gain or losses:

 

 

Included in net loss

 

568,320

Included in other comprehensive income

 

(553,870)

Foreign currency translation adjustment

 

466,297

Ending balance as of March 31, 2017

 

10,376,547

Total gain or losses:

 

 

Included in net income

 

(10,458,538)

Reclassification adjustment for loss on available-for-sale investment included in net income, net of nil income tax

 

553,870

Foreign currency translation adjustment

 

(471,879)

Ending balance as of December 31, 2017 and December 31, 2018

 

 —

 

Schedule of fair value hierarchy of assets that are measured at fair value on a non-recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value disclosure or measurement at

 

 

 

 

December 31, 2018 using

 

    

December 31,2018

    

Level 1

    

Level 2

    

Level 3

 

 

RMB

 

RMB

 

RMB

 

RMB

Other equity investments

 

 

 

 

 

 

 

 

ApplySquare Education & Technology Co., Ltd.

 

22,471,700

 

 —

 

 —

 

22,471,700

Beijing GlobalWisdom Information Technology Co., Ltd.

 

5,919,198

 

 —

 

 —

 

5,919,198