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

Accrued Expenses and Other Payables

v3.23.1
Accrued Expenses and Other Payables
 12 Months Ended
Dec. 31, 2022
Payables and Accruals [Abstract]  
Accrued Expenses and Other Payables
(12)
ACCRUED EXPENSES AND OTHER PAYABLES
Accrued expenses and other payables consist of the following:
 
    
December 31,

2021
     
December 31,

2022
  
    
RMB
     
RMB
  
Refund liability*
      16,126,030        19,976,189  
Accrued payroll and welfare
      19,664,360        20,228,470  
Accrued test monitoring fees
      2,432,153        2,432,153  
Accrued professional services expenses
      2,658,861        3,791,413  
Income taxes payable
      22,781        14,834  
Other current liabilities
      7,269,910        9,461,451  
    
 
 
     
 
 
  
Total accrued expenses and other payables
   
 
48,174,095
 
   
 
55,904,510
 
    
 
 
     
 
 
  
Other current liabilities as of December 31, 2021 and 2022 mainly include accrued advertising and outsourcing fees, value-added tax and other taxes payable, and other operating expense payable.
*Refund liability represents the estimated amount of refund if a student decides to withdraw from the Group’s programs or services or a full or partial return of the service fees are repaid to students based on the final outcome of the performance targets and is estimated based on historical experience and performance.