Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

8. INTANGIBLE ASSETS

Intangible assets, consists of the following:

	As of December 31,
	2019			2020			2020
	RMB			RMB			USD
At cost:
Trademark		23			26,718			4,095
Patent		33			33			5
Copyright		69			97			15
Software		142			6,804			1,042
License acquired		-			207,835			31,853
Total		267			241,487			37,010
Less: accumulated depreciation		(72	)		(1,853	)		(284	)
Intangible assets, net		195			239,634			36,726

For the years ended December 31, 2018, 2019 and 2020, amortization expense was RMB24, RMB26 and RMB 1,749 (US$268), respectively.

The estimated annual amortization expense for each of the five succeeding fiscal years is as follow:

	Amortization		Amortization
Twelve months ending December 31,	RMB		USD
2021		4,076		625
2022		4,076		625
2023		3,998		613
2024		3,998		613
2025		3,472		532
Thereafter		12,415		1,903
Total		32,035		4,911