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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2024
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

13.INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

Customer

Operating

Operating

Favorable

relationship

lease

license

lease

intangibles

intangibles

intangibles

intangibles

    

Technology

Others

Total

    

RMB

    

RMB

    

RMB

    

RMB

RMB

    

RMB

    

RMB

Intangible assets, net at January 1, 2024

 

192,042

13,128

92,613

25,504

323,287

Addition of software

9,873

9,873

Decrease from disposal of centers

 

(3,938)

(725)

(4,663)

Amortization expenses

 

(12,546)

(1,565)

(13,299)

(8,945)

(36,355)

Intangible assets, net at December 31, 2024

 

175,558

11,563

79,314

25,707

292,142

Intangible assets, net at December 31, 2024, in US$

 

24,051

1,584

10,866

3,522

40,023

At December 31, 2024

 

  

 

  

 

  

 

  

  

 

  

 

  

Intangible assets, cost

 

32,449

418

248,440

21,010

132,190

54,969

489,476

Less: accumulated amortization

 

(31,486)

(418)

(72,882)

(9,447)

(52,876)

(29,262)

(196,371)

Less: intangible asset impairment

 

(963)

(963)

Intangible assets, net at December 31, 2024

 

175,558

11,563

79,314

25,707

292,142

Amortization expenses for intangibles were RMB34,585, RMB36,705 and RMB36,355 (US$4,981) for the years ended December 31, 2022, 2023 and 2024, respectively.

Impairment loss on intangible assets was nil, nil and nil for the years ended December 31, 2022, 2023 and 2024, respectively.

The estimated annual amortization expenses for the above intangible assets for each of the five succeeding years are as follows:

Amortization

    

RMB

    

US$

2025

 

35,959

4,926

2026

 

34,455

4,720

2027

 

29,395

4,027

2028

 

28,596

3,918

2029

 

163,736

22,432