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Land use rights, net

12 Months Ended

Dec. 31, 2019

Intangible assets, net

Land Use Right Disclosure

13.  Land use rights, net

Land use rights consist of the following:

​

​	​	​
​		December 31, 2019
​	​	RMB
​	​	​
Gross carrying amount		1,924,563
Less: accumulated amortization		(188,019)
​	​	​
Land use rights, net		1,736,544

​

Amortization expense for the years ended December 31, 2017, 2018 and 2019 were RMB47,909, RMB48,100 and RMB48,096, respectively.

​

13.  Land use rights, net (continued)

The estimated amortization expenses for each of the following five years are as follows:

​

​	​	​
​		Amortization expense
​	​	of land use rights
​	​	RMB
​	​	​
2020		48,096
2021		48,096
2022		48,096
2023		48,096
2024		48,096

​

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The entire disclosure for information relates to land use right.

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