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Licensed Copyrights, Net
 12 Months Ended
Dec. 31, 2023
Finite Lived License Agreements [Abstract]  
LICENSED COPYRIGHTS, NET
7.
LICENSED COPYRIGHTS, NET

 

 

 

As of December 31, 2022

 

 

 

Gross carrying
value

 

 

Accumulated
amortization

 

 

Impairment
amount

 

 

Net carrying value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

43,217,278

 

 

 

(35,369,335

)

 

 

(261,256

)

 

 

7,586,687

 

—Sublicensing rights

 

 

7,399,172

 

 

 

(7,399,172

)

 

 

—

 

 

 

—

 

 

 

 

50,616,450

 

 

 

(42,768,507

)

 

 

(261,256

)

 

 

7,586,687

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

8,213,434

 

 

 

(7,448,077

)

 

 

(19,299

)

 

 

746,058

 

—Sublicensing rights

 

 

7,399,172

 

 

 

(7,399,172

)

 

 

—

 

 

 

—

 

 

 

 

15,612,606

 

 

 

(14,847,249

)

 

 

(19,299

)

 

 

746,058

 

Licensed copyrights—non-current

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

35,003,844

 

 

 

(27,921,258

)

 

 

(241,957

)

 

 

6,840,629

 

—Sublicensing rights

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

35,003,844

 

 

 

(27,921,258

)

 

 

(241,957

)

 

 

6,840,629

 

 

 

 

 

As of December 31, 2023

 

 

 

Gross carrying
value

 

 

Accumulated
amortization

 

 

Impairment
amount

 

 

Net carrying value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

44,838,191

 

 

 

(37,060,309

)

 

 

(228,853

)

 

 

7,549,029

 

 

 

1,063,259

 

—Sublicensing rights

 

 

7,667,525

 

 

 

(7,667,525

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

52,505,716

 

 

 

(44,727,834

)

 

 

(228,853

)

 

 

7,549,029

 

 

 

1,063,259

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

7,773,805

 

 

 

(7,177,844

)

 

 

(13,440

)

 

 

582,521

 

 

 

82,047

 

—Sublicensing rights

 

 

7,667,525

 

 

 

(7,667,525

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

15,441,330

 

 

 

(14,845,369

)

 

 

(13,440

)

 

 

582,521

 

 

 

82,047

 

Licensed copyrights—non-current

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

37,064,386

 

 

 

(29,882,465

)

 

 

(215,413

)

 

 

6,966,508

 

 

 

981,212

 

—Sublicensing rights

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

37,064,386

 

 

 

(29,882,465

)

 

 

(215,413

)

 

 

6,966,508

 

 

 

981,212

 

Amortization expense of RMB10,082,541, RMB7,780,928 and RMB7,087,769 (US$998,291) was recognized as cost of revenues for the years ended December 31, 2021, 2022 and 2023, respectively.

Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follows:

 

 

 

RMB

 

 

US$

 

Within 1 year

 

 

3,087,223

 

 

 

434,826

 

Between 1 and 2 years

 

 

1,571,707

 

 

 

221,370

 

Between 2 and 3 years

 

 

1,051,621

 

 

 

148,118