INCOME TAXES (Tables)
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12 Months Ended |
Dec. 31, 2023 |
INCOME TAXES |
|
Schedule of Loss from Continuing Operations before Income Taxes Generated in Jurisdictions |
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|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2021 |
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
|
RMB |
Cayman Islands and British Virgin Islands |
|
(18,488,181) |
|
(7,206,659) |
|
(5,467,559) |
PRC |
|
(19,442,469) |
|
(47,256,605) |
|
(35,026,914) |
Hong Kong |
|
(19,044) |
|
(52,351) |
|
(27,777) |
Loss before income taxes |
|
(37,949,694) |
|
(54,515,615) |
|
(40,522,250) |
|
Schedule of Income Tax Expense (Benefit) |
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|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2021 |
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
|
RMB |
PRC |
|
|
|
|
|
|
Current income tax expense |
|
22,781 |
|
130,635 |
|
1,081 |
Deferred income tax benefit |
|
(1,562,358) |
|
(6,052,019) |
|
(6,812,790) |
Total income tax benefit |
|
(1,539,577) |
|
(5,921,384) |
|
(6,811,709) |
|
Schedule of Difference Between Actual Income Tax Expense and Amount Computed by Applying PRC Statutory Income Tax Rate to Earnings before Income Taxes |
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|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2021 |
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
|
RMB |
Computed “expected” income tax benefit |
|
(9,487,423) |
|
(13,628,904) |
|
(10,130,563) |
Increase in valuation allowance |
|
10,531,372 |
|
6,084,383 |
|
(2,014,183) |
Entities not subject to income tax |
|
1,691,406 |
|
1,429,868 |
|
606,823 |
Non-deductible expenses |
|
|
|
|
|
|
Entertainment |
|
280,436 |
|
192,298 |
|
177,509 |
Share-based compensation |
|
259,993 |
|
364,939 |
|
767,010 |
Other non-deductible expenses |
|
3,927,212 |
|
1,625,037 |
|
4,186,105 |
Additional deduction of research and development costs |
|
(120,598) |
|
— |
|
— |
Disposal of equity interests in subsidiaries |
|
(8,385,539) |
|
(1,577,200) |
|
— |
Other |
|
(236,436) |
|
(411,805) |
|
(404,410) |
Actual income tax benefit |
|
(1,539,577) |
|
(5,921,384) |
|
(6,811,709) |
|
Schedule of Components of Deferred Income Tax Assets and Liabilities |
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|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
Deferred income tax assets: |
|
|
|
|
Tax loss carry forwards |
|
34,562,809 |
|
38,132,866 |
Impairment and investment loss of long-term investments |
|
10,598,946 |
|
10,598,946 |
Lease liabilities |
|
9,112,298 |
|
5,651,718 |
Intangible assets and other non-current assets |
|
405,191 |
|
— |
Provision for loan receivable and other receivables |
|
2,927,994 |
|
2,927,994 |
Accrued expenses and other payables |
|
3,652,004 |
|
1,781,265 |
Property and equipment, net |
|
53,301 |
|
26,010 |
Donation |
|
5,000,000 |
|
2,500,000 |
Total gross deferred income tax assets |
|
66,312,543 |
|
61,618,799 |
Less: valuation allowance |
|
(51,769,696) |
|
(47,255,513) |
Total deferred income tax assets, net |
|
14,542,847 |
|
14,363,286 |
Deferred income tax liabilities: |
|
|
|
|
Intangible assets |
|
19,029,861 |
|
14,721,528 |
Right-of-use assets |
|
8,721,522 |
|
5,346,529 |
Contract cost assets |
|
5,670,767 |
|
6,361,742 |
Total gross deferred income tax liabilities |
|
33,422,150 |
|
26,429,799 |
Net deferred income tax liabilities |
|
18,879,303 |
|
12,066,513 |
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Summary of Movements of Valuation Allowance |
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|
|
|
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|
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|
Year Ended December 31, |
|
|
2021 |
|
2022 |
|
2023 |
|
|
RMB |
|
RMB |
|
RMB |
Balance at the beginning of the period |
|
56,172,945 |
|
48,897,848 |
|
51,769,696 |
Additions |
|
10,531,372 |
|
6,084,383 |
|
(2,014,183) |
Reduction due to expiration of temporary difference |
|
— |
|
(2,500,000) |
|
(2,500,000) |
Reduction as a result of deconsolidation of subsidiaries |
|
(17,806,469) |
|
(712,535) |
|
— |
Balance at the end of the period |
|
48,897,848 |
|
51,769,696 |
|
47,255,513 |
|