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

NON-CONTROLLING INTERESTS (Tables)

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NON-CONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2023
NON-CONTROLLING INTERESTS  
Summary of Redeemable Non-Controlling Interest Activities

    

RMB

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 for the year ended December 31, 2021. 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