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

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

(8)

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

 

 

 

December 31,

2019

 

 

December 31,

2020

 

 

RMB

 

 

RMB

Building

 

 

53,049,213

 

 

53,049,213

Computer equipment

 

 

3,491,575

 

 

3,954,697

Furniture, fixtures and office equipment

 

 

1,890,013

 

 

1,769,409

Motor vehicles

 

 

1,986,506

 

 

1,986,506

Software

 

 

1,797,197

 

 

1,729,921

Leasehold improvements

 

 

14,419,590

 

 

17,840,533

 

 

 

76,634,094

 

 

80,330,279

Less: accumulated depreciation and amortization

 

 

(34,563,300)

 

 

(42,211,063)

Property and equipment, net

 

 

42,070,794

 

 

38,119,216

 

Total depreciation expense recognized for the years ended December 31, 2018, 2019 and 2020 is allocated to the following expense items:

 

 

 

Year ended December 31,

 

 

2018

 

 

2019

 

 

2020

 

 

RMB

 

 

RMB

 

 

RMB

Cost of revenues

 

 

3,802

 

 

 

28,389

 

 

214,133

Research and development

 

 

640,372

 

 

 

226,173

 

 

240,603

Sales and marketing

 

 

122,199

 

 

 

35,343

 

 

9,597

General and administrative

 

 

417,295

 

 

 

4,491,492

 

 

7,158,056

Other operating income, net

 

 

1,782,454

 

 

 

369,048

 

 

398,192

Total depreciation expense

 

 

2,966,122

 

 

 

5,150,445

 

 

8,020,581