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Land Use Rights, Net | 12 Months Ended
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Dec. 31, 2020
Land Use Rights Net [Abstract] |
Land Use Rights, Net |
1 1. | LAND USE RIGHTS, NET
In 2020, the Group obtained a land use right in Foshan from the local authorities. Amortization of the land use right is made over the remaining term of the land use right period from the date when the land was made available for use by the Group. The land use rights are summarized as follows:
|  | As of December 31,
|  | 2020 | 2021
|  | RMB | RMB
Land use rights |  | 63,618 | 63,618
Less: Accumulated amortization |  | (636) | (1,896)
Land use right, net |  | 62,982 | 61,722
The total amortization expense for the year ended December 31, 2020 and 2021 amounted to approximately RMB636 and RMB1,260.

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- Definition Land use rights, net. + References No definition available. + Details
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- Definition Land use rights, net. + References No definition available. + Details
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