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

Property and Equipment, Net

v3.23.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
(8)
PROPERTY AND EQUIPMENT, NET
Property and equipment, net consist of the following:
 
    
December 31,

2021
    
December 31,

2022
 
    
RMB
    
RMB
 
Building
 (i)
     53,049,213        53,049,213  
Computer equipment
     2,993,047        2,842,992  
Furniture, fixtures and office equipment
     1,604,816        1,620,039  
Motor vehicles
     1,469,021        1,469,021  
Software
     1,701,584        1,565,195  
Leasehold improvements
     8,611,042        8,476,176  
    
 
 
    
 
 
 
       69,428,723        69,022,636  
Less: accumulated depreciation and amortization
     (32,924,739      (36,261,660
    
 
 
    
 
 
 
Property and equipment, net
     36,503,984        32,760,976  
    
 
 
    
 
 
 
 
(i)
Huanqiuyimeng entered into a two-year Commercial Loan Facility (the “Facility”) with China Minsheng Bank Beijing Branch. The Facility is pledged by the real estate property owned by ATA Education, see Note 11 for details.
Total depreciation expense recognized for the years ended December 31, 2020, 2021 and 2022 is allocated to the following expense items:
 
    
Year ended December 31,
 
    
2020
    
2021
    
2022
 
    
RMB
    
RMB
    
RMB
 
Cost of revenues
     214,133        397,905        817,643  
Research and development
     240,603        448,414        22,084  
Sales and marketing
     9,597        7,984        9,674  
General and administrative
     7,158,056        4,937,844        4,267,932  
Other operating income, net
     398,192        —          —    
    
 
 
    
 
 
    
 
 
 
Total depreciation expense
     8,020,581        5,792,147        5,117,333