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PROPERTY, EQUIPMENT AND SOFTWARE, NET
12 Months Ended
Dec. 31, 2019
PROPERTY, EQUIPMENT AND SOFTWARE, NET  
PROPERTY, EQUIPMENT AND SOFTWARE, NET

10. PROPERTY, EQUIPMENT AND SOFTWARE, NET

Property, equipment and software and related accumulated depreciation and amortization are as follows:

 

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

    

December 31, 

 

 

2018

 

2019

 

2019

 

 

RMB

 

RMB

 

US$

 

 

 

 

 

 

(Note 3)

Office buildings

 

69,341,652

 

69,341,652

 

9,960,305

Computers and equipment

 

84,134,612

 

5,181,577

 

744,287

Leasehold improvements

 

10,365,904

 

9,359,857

 

1,344,459

Office furniture and fixtures

 

6,194,658

 

1,787,549

 

256,765

Motor vehicles

 

7,038,397

 

5,031,201

 

722,687

Software

 

15,832,264

 

14,542,095

 

2,088,842

Less: accumulated depreciation and amortization

 

(175,555,042)

 

(89,974,366)

 

(12,924,009)

Less: property, equipment and software, net, held-for-sale

 

 —

 

(14,051,044)

 

(2,018,306)

Net book value

 

17,352,445

 

1,218,521

 

175,030

 

Depreciation and amortization charges for the years ended December 31, 2017, 2018 and 2019 amounting to RMB5.3 million, RMB3.7  million and RMB2.8 million (US$0.4 million), respectively. In 2019, the Group has disposed large quantity of computers and equipment which are not in-use and the value of these assets have been fully depreciated or impaired in the past. The Group has recorded a gain on disposal of property, equipment and software amounting to RMB0.02 million, RMB0.2 million, RMB2.2 million (US$0.3 million), as other income, net for the years ended December 31, 2017, 2018 and 2019. The office buildings were mortgaged as collateral for the convertible notes and entrusted bank loan in 2015 (see Note 19 and Note 16). Property, equipment and software classified as held-for-sale represents office buildings held by The9 Computer, C9I Shanghai and Shanghai Kaie which are in the process of disposal as of December 31, 2019 (see Note 7).