Goodwill and Intangible Assets, Net (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Change in the Carrying Amount of Goodwill by Reporting Unit |
The change in the carrying amount of goodwill by reporting unit is as follows:
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Other Educational
Services |
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RMB |
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RMB |
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RMB |
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Balance as of December 31, 2020 and 2021
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Add: Acquisition of Youru |
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1,534,529 |
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— |
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1,534,529
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Balance as of December 31, 2022 |
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| Summary of Company's Intangible Assets |
The following table summarizes the Company’s intangible assets, as of December 31, 2021 and 2022.
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Trademark (i) |
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79,000,000 |
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(19,091,667 |
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— |
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59,908,333 |
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10 |
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Non-compete arrangements (i) |
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56,000,000 |
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(22,555,555 |
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— |
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33,444,445 |
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6 |
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Trademark (i) |
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79,000,000 |
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(26,991,667 |
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— |
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52,008,333 |
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10 |
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Non-compete arrangements (i) |
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56,000,000 |
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(31,888,889 |
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— |
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24,111,111 |
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6 |
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Copyright obtained |
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240,000 |
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(240,000 |
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— |
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— |
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1 |
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| Summary of Total Amortization Expense Recognized |
Total amortization expense recognized for the years ended December 31, 2020, 2021 and 2022 is allocated to the following expense items:
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Cost of revenues |
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1,850,377 |
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— |
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240,000 |
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General and administrative |
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20,042,857 |
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17,233,333 |
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17,233,333 |
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Total amortization expense |
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| (i) |
Trademark and Non-compete arrangements were recorded as a result of the acquisition of Huanqiuyimeng businesses. |
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| Schedule of Estimated Amortization Expense |
As of December 31, 2022, the estimated amortization expense for the next five years is as follows:
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2023 |
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17,233,333 |
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2024 |
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17,233,333 |
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2025 |
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13,344,444 |
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2026 |
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7,900,000 |
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2027 |
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7,900,000 |
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