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

Business Acquisition - Summary of Identifiable Assets Acquired and Liabilities Assumed in Connection with Acquisition (Details)

v3.20.1
Business Acquisition - Summary of Identifiable Assets Acquired and Liabilities Assumed in Connection with Acquisition (Details)
 12 Months Ended
Aug. 06, 2019
CNY (¥)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Recognized amounts of identifiable assets acquired and liabilities assumed:          
Goodwill   ¥ 200,478,795 $ 28,796,977 ¥ 0 ¥ 32,009,025
Huanqiuyimeng          
Purchase consideration:          
Cash ¥ 91,126,055 ¥ 91,100,000      
Fair value of 9,360,000 ordinary shares 76,868,663        
Purchase consideration 167,994,718        
Recognized amounts of identifiable assets acquired and liabilities assumed:          
Cash 36,785,802        
Prepaid expenses and other current assets 26,333,563        
Long-term investments 157,850        
Property and equipment, net 8,505,683        
Other non-current assets 881,926        
Right-of-use assets 32,089,416        
Deferred revenues (163,400,000)        
Short-term loan (13,991,000)        
Lease liabilities-current (18,728,346)        
Deferred income tax liabilities (45,659,880)        
Accrued expense and other payables (14,326,672)        
Other non-current liabilities (13,361,070)        
Total identifiable assets acquired and liabilities assumed (25,712,728)        
Fair value of non-redeemable non-controlling interests in Huanqiuyimeng (6,771,349)        
Goodwill 200,478,795        
Huanqiuyimeng | Trademark          
Recognized amounts of identifiable assets acquired and liabilities assumed:          
Intangible assets 79,000,000        
Huanqiuyimeng | Order backlogs          
Recognized amounts of identifiable assets acquired and liabilities assumed:          
Intangible assets 4,000,000        
Huanqiuyimeng | Non-compete arrangements          
Recognized amounts of identifiable assets acquired and liabilities assumed:          
Intangible assets ¥ 56,000,000