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

Non-Controlling Interests (Tables)

v3.22.1
Non-Controlling Interests (Tables)
12 Months Ended
Dec. 31, 2021
Noncontrolling Interest [Abstract]  
Summary of Redeemable Non-Controlling Interest Activities

The following table presents balance of the Mezzanine Equity as of December 31, 2019 and 2020 and as of the period-end prior to its disposal in the year of 2021.

 

 

 

 

RMB

 

Balance as of December 31, 2018

 

 

39,208,619

 

Add: Capital contribution

 

 

2,500,000

 

Less: Comprehensive loss attributable to redeemable non-controlling interests during the year

 

 

(2,820,682)

 

Accretion of redeemable non-controlling interests

 

 

6,008,491

 

Balance as of December 31, 2019

 

 

44,896,428

 

Less: Comprehensive loss attributable to redeemable non-controlling interests during the year

 

 

(2,582,632)

 

Accretion of redeemable non-controlling interests

 

 

6,184,572

 

Balance as of December 31, 2020

 

 

48,498,368

 

Less: Comprehensive loss attributable to redeemable non-controlling interests during the period

 

 

(714,121)

 

Accretion of redeemable non-controlling interests

 

 

2,283,089

 

Balance as of June 2, 2021

 

 

50,067,336

 

Summary of Calculation of Company's Disposal Gain

Upon the disposal of Muhua Shangce, the Company recorded a gain amounting to RMB33,542,154. The calculation of the Company’s disposal gain is included in the following.

 

 

 

RMB

Cash consideration received from the disposal of Muhua Shangce

 

 

Add: Carrying value of redeemable non-controlling interests in Muhua Shangce

 

 

25,757,003

Add: Carrying value of non-redeemable non-controlling interests of Muhua Shangce

 

 

(4,423,059)

Subtotal

 

 

21,333,944

Less: Carrying value of net liabilities before disposal

 

 

(12,208,210)

Gain from the disposal of Muhua Shangce

 

 

33,542,154