XML 34 R13.htm IDEA: XBRL DOCUMENT v3.24.1
Intangible assets, net
 12 Months Ended
Dec. 31, 2023
Intangible Assets Net  
Intangible assets, net

Note 7 — Intangible assets, net

 

The Company’s intangible assets with definite useful lives primarily consist of accounting software. The following table summarizes acquired intangible asset balances as of:

 

                       
    December 31,
2022		     December 31,
2023		     December 31,
2023		  
    RMB     RMB     USD  
Customer relationships     13,300,000       1,300,000       183,546  
Software     14,745,632       10,241,786       1,446,028  
Non-compete agreements     2,300,000       400,000       56,476  
Subtotal     30,345,632       11,941,786       1,686,050  
Less: accumulated amortization     (14,969,108 )     (8,087,239 )     (1,141,830 )
Less: intangible assets impairment loss     -       (3,854,547 )     (544,220 )
Intangible assets, net     15,376,524       -       -  

 

Amortization expense for the years ended December 31, 2021, 2022 and 2023 amounted to RMB 6,383,366, RMB 6,379,240 and RMB 5,358,195, respectively.

 

The Company performs annual impairment analysis as of December 31, 2023 and concludes there was RMB 3,854,547 impairment loss for intangible assets for holographic solutions segment due to reducing sales forecast as of December 31, 2023 as our carrying value exceeds the fair value.