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Licensed Copyrights, Net (Tables)
9 Months Ended
Sep. 30, 2024
Finite Lived License Agreements [Line Items]  
Schedule of Licensed Copyrights, Net

 

 

As of December 31, 2023

 

 

 

Gross carrying
value

 

 

Accumulated
amortization

 

 

Impairment
amount

 

 

Net carrying
value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

44,838,191

 

 

 

(37,060,309

)

 

 

(228,853

)

 

 

7,549,029

 

—Sublicensing rights

 

 

7,667,525

 

 

 

(7,667,525

)

 

 

 

 

 

 

 

 

 

52,505,716

 

 

 

(44,727,834

)

 

 

(228,853

)

 

 

7,549,029

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

7,773,805

 

 

 

(7,177,844

)

 

 

(13,440

)

 

 

582,521

 

—Sublicensing rights

 

 

7,667,525

 

 

 

(7,667,525

)

 

 

 

 

 

 

 

 

 

15,441,330

 

 

 

(14,845,369

)

 

 

(13,440

)

 

 

582,521

 

Licensed copyrights—non-current

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

37,064,386

 

 

 

(29,882,465

)

 

 

(215,413

)

 

 

6,966,508

 

—Sublicensing rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37,064,386

 

 

 

(29,882,465

)

 

 

(215,413

)

 

 

6,966,508

 

 

 

As of September 30, 2024

 

 

 

Gross carrying
value

 

 

Accumulated
amortization

 

 

Impairment
amount

 

 

Net carrying value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

46,506,653

 

 

 

(38,909,009

)

 

 

(212,657

)

 

 

7,384,987

 

 

 

1,052,352

 

—Sublicensing rights

 

 

8,328,984

 

 

 

(8,328,984

)

 

 

 

 

 

 

 

 

 

 

 

 

54,835,637

 

 

 

(47,237,993

)

 

 

(212,657

)

 

 

7,384,987

 

 

 

1,052,352

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

7,890,083

 

 

 

(7,357,234

)

 

 

(10,354

)

 

 

522,495

 

 

 

74,455

 

—Sublicensing rights

 

 

8,328,984

 

 

 

(8,328,984

)

 

 

 

 

 

 

 

 

 

 

 

 

16,219,067

 

 

 

(15,686,218

)

 

 

(10,354

)

 

 

522,495

 

 

 

74,455

 

Licensed copyrights—non-current

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

38,616,570

 

 

 

(31,551,775

)

 

 

(202,303

)

 

 

6,862,492

 

 

 

977,897

 

—Sublicensing rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

38,616,570

 

 

 

(31,551,775

)

 

 

(202,303

)

 

 

6,862,492

 

 

 

977,897

 

Licensed Copyrights  
Finite Lived License Agreements [Line Items]  
Summary of Estimated Amortization Expense Relating to Licensed Copyrights Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follows:

 

 

RMB

 

 

US$

 

Three months ending December 31, 2024

 

 

1,074,323

 

 

 

153,090

 

Year ending December 31, 2025

 

 

2,364,094

 

 

 

336,881

 

Year ending December 31, 2026

 

 

1,425,503

 

 

 

203,133

 

Year ending December 31, 2027

 

 

926,040

 

 

 

131,960