| INTANGIBLE ASSETS, NET |
10.
INTANGIBLE ASSETS, NET
The
following table presents the Company’s intangible assets as of the respective balance sheet dates:
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| Purchased
software | |
| 734 | | |
| 873 | | |
| 125 | |
| Patents
obtained from Harbin Veterinary Research Institute | |
| 26,439 | | |
| 26,439 | | |
| 3,781 | |
| Patents
obtained from China Agricultural University | |
| 3,300 | | |
| 3,300 | | |
| 472 | |
| Patents
obtained from China Institute of Veterinary Drug Control | |
| 6,600 | | |
| 6,600 | | |
| 944 | |
| Patents
obtained from Jiangsu Nannong High-Tech Co., Ltd. | |
| 7,200 | | |
| 7,200 | | |
| 1,030 | |
| Patents
obtained from Nanjing Agricultural University | |
| 7,600 | | |
| 7,600 | | |
| 1,087 | |
| Patents
obtained from others | |
| 14,311 | | |
| 50,811 | | |
| 7,266 | |
| Total
cost | |
| 66,184 | | |
| 102,823 | | |
| 14,705 | |
| | |
| | | |
| | | |
| | |
| Less:
Accumulated amortization of Purchased software | |
| (485 | ) | |
| (603 | ) | |
| (89 | ) |
| Accumulated
amortization of Patents obtained from Harbin Veterinary Research Institute | |
| (25,731 | ) | |
| (26,203 | ) | |
| (3,747 | ) |
| Accumulated
amortization of Patents obtained from China Agricultural University | |
| (1,678 | ) | |
| (2,008 | ) | |
| (287 | ) |
| Accumulated
amortization of Patents obtained from China Institute of Veterinary Drug Control | |
| (3,689 | ) | |
| (4,289 | ) | |
| (613 | ) |
| Accumulated
amortization of Patents obtained from Jiangsu Nannong High-Tech Co., Ltd. | |
| (2,470 | ) | |
| (3,100 | ) | |
| (443 | ) |
| Accumulated
amortization of Patents obtained from Nanjing Agricultural University | |
| (4,377 | ) | |
| (4,867 | ) | |
| (696 | ) |
| Accumulated
amortization of Patents obtained from others | |
| (12,904 | ) | |
| (14,669 | ) | |
| (2,098 | ) |
| Total
accumulated amortization | |
| (51,334 | ) | |
| (55,739 | ) | |
| (7,973 | ) |
| Intangible
assets, net | |
| 14,850 | | |
| 47,084 | | |
| 6,732 | |
Amortization
expense was RMB3,415, RMB3,454 and RMB4,405 (US$630) for the years ended December 31, 2023, 2024 and 2025, respectively.
During
the years ended December 31, 2023, 2024 and 2025, the Company recorded impairment of intangible assets in the amount of nil.
The
annual estimated amortization expenses for the intangible assets for each of the next five years are as follows:
| | |
RMB | | |
US$ | |
| 2026 | |
| 6,166 | | |
| 882 | |
| 2027 | |
| 5,769 | | |
| 825 | |
| 2028 | |
| 5,644 | | |
| 807 | |
| 2029 | |
| 5,443 | | |
| 778 | |
| 2030 | |
| 4,853 | | |
| 694 | |
| Thereafter | |
| 19,209 | | |
| 2,746 | |
| | |
| 47,084 | | |
| 6,732 | |
|