v3.26.1
Intangible Asset, Net
12 Months Ended
Dec. 31, 2025
Intangible Asset, Net [Abstract]  
Intangible asset, net
9. Intangible asset, net

 

Intangible asset, net consists of the following:

 

   As of December 31, 
   2024   2025 
   RMB   RMB 
Land use right   49,292,208    49,292,208 
Franchise right   334,865    334,865 
Less: Accumulated amortization   (2,881,629)   (3,867,473)
Intangible asset, net   46,745,444    45,759,600 

 

Amortization expense for the years ended December 31, 2023, 2024 and 2025 amounted to RMB985,844, RMB985,844 and RMB985,844, respectively.

 

As of December 31, 2024 and 2025, land use right with net book value of RMB46,745,444 and RMB45,759,600 was pledged as collateral under a loan arrangement (also see Note 12).

 

As of December 31, 2025, the future estimated amortization expenses are as below.

 

Years ended December 31,  Estimated amortization expense 
   RMB 
2026   985,844 
2027   985,844 
2028   985,844 
2029   985,844 
2030   985,844 
Thereafter   40,830,380 
Total   45,759,600