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Intangible Asset, Net (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Asset, Net

Intangible asset, net consists of the following:

 

 

 

As of December 31,

 

 

 

2021

 

 

2022

 

 

 

RMB

RMB

 

Cost:

 

 

 

 

 

 

Land use right

 

 

 

 

 

49,292,208

 

Franchise right

 

 

334,865

 

 

 

334,865

 

Less: Accumulated amortization

 

 

(334,865

)

 

 

(909,941

)

Intangible asset, net

 

 

 

 

 

48,717,132

 

Estimated amortization expense

As of December 31, 2022, the future estimated amortization expenses are as below.

 

 

 

 

 

Estimated amortization expense

 

 Years ended December 31,

 

 

 

RMB

 

2023

 

 

 

 

985,844

 

2024

 

 

 

 

985,844

 

2025

 

 

 

 

985,844

 

2026

 

 

 

 

985,844

 

2027

 

 

 

 

985,844

 

 Thereafter

 

 

 

 

43,787,912

 

 Total

 

 

 

 

48,717,132