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Intangible assets, net | 12 Months Ended
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Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible assets, net | Intangible assets, net Intangible assets, net consisted of the following:
| As of December 31,
| 2022 |  | 2023
| RMB |  | RMB
Software | 103,509 |  |  | 121,950 |
Software license rights | — |  |  | 143,725 |
Others | — |  |  | 2,794 |
Intangible assets | 103,509 |  |  | 268,469 |
Less: accumulated amortization | (58,648) |  |  | (86,183) |
Less: impairment provision | — |  |  | (2,945) |
Intangible assets, net | 44,861 |  |  | 179,341 |
In November 2023, the Group entered into a licensing agreement with Hubei Xingji Meizu Group Co., Ltd., (“Xingji Meizu”), a related party. Pursuant to the licensing agreement, the Group obtained a non-exclusive license under certain software of Xingji Meizu to develop and sell these software worldwide for three years. The consideration is due by instalment in three years of RMB50,000 each year. The Group recognized RMB143,725 software license rights based on the present value of the consideration and amortized it over three years periods. Amortization of intangible assets was allocated as follows:
| Year ended December 31,
| 2021 |  | 2022 |  | 2023
| RMB |  | RMB |  | RMB
Cost of revenues | 77 |  |  | — |  |  | 7,985 |
Selling, general and administrative expenses | 6,721 |  |  | 9,987 |  |  | 10,047 |
Research and development expenses | 15,089 |  |  | 14,045 |  |  | 13,808 |
Total amortization | 21,887 |  |  | 24,032 |  |  | 31,840 |
Estimated amortization expenses relating to the existing intangible assets with finite lives for the next five years is as follows:
| As of December 31,
| RMB
2024 | 68,895 |
2025 | 62,511 |
2026 | 46,802 |
2027 | 811 |
2028 | 253 |
In the year ended December 31, 2023, an impairment loss of RMB2,945 was recognized for obsolete software, of which, RMB283 and RMB2,662 were included in research and development expenses and selling, general and administrative expenses, respectively. No impairment loss was recorded in the years ended December 31, 2021 and 2022.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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- References No definition available. + Details
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