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

Operating Leases

v3.20.1
Operating Leases
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Operating Leases

(24)

OPERATING LEASES

Minimum rental income under operating lease is recognized on a straight-line basis over the term of the lease, including any periods of free rent.

Property on Operating Lease

 

 

 

December 31,

2018

 

 

December 31,

2019

 

 

RMB

 

 

RMB

Building

 

 

53,049,213

 

 

53,049,213

Less: Accumulated depreciation

 

 

(16,932,130

)

 

(18,714,584)

 

 

 

36,117,083

 

 

34,334,629

 

For the major rental contracts terminated during the year ended December 31, 2019, future minimum rental income under non-cancelable operating lease as of December 31, 2019 is immaterial.