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

Property and Equipment, Net (Tables)

v3.20.1
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Schedule of Property and Equipment, Net

Property and equipment, net consist of the following:

 

 

 

December 31,

2018

 

 

December 31,

2019

 

 

RMB

 

 

RMB

Building

 

 

53,049,213

 

 

53,049,213

Computer equipment

 

 

599,992

 

 

3,491,575

Furniture, fixtures and office equipment

 

 

1,437,949

 

 

1,890,013

Motor vehicles

 

 

1,986,506

 

 

1,986,506

Software

 

 

1,156,779

 

 

1,797,197

Leasehold improvements

 

 

695,185

 

 

14,419,590

 

 

 

58,925,624

 

 

76,634,094

Less: accumulated depreciation and amortization

 

 

(21,494,883

)

 

(34,563,300)

Property and equipment, net

 

 

37,430,741

 

 

42,070,794

Schedule of Allocation of Depreciation Expense Recognized

Total depreciation expense recognized for nine months ended December 31, 2017, the years ended December 31, 2018 and 2019 is allocated to the following expense items:

 

 

 

Nine months

ended

December 31

 

 

Twelve months

ended

December 31

 

 

Twelve months

ended

December 31

 

 

2017

 

 

2018

 

 

2019

 

 

RMB

 

 

RMB

 

 

RMB

Cost of revenues

 

 

1,384,157

 

 

 

3,802

 

 

28,389

Research and development

 

 

641,793

 

 

 

640,372

 

 

226,173

Sales and marketing

 

 

111,226

 

 

 

122,199

 

 

35,343

General and administrative

 

 

626,395

 

 

 

417,295

 

 

4,491,492

Other operating income, net

 

 

 

 

 

1,782,454

 

 

369,048

Total depreciation expense

 

 

2,763,571

 

 

 

2,966,122

 

 

5,150,445