v3.26.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2025
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET

9. INTANGIBLE ASSETS, NET

 

   As of December 31, 2024 
   Gross carrying value   Accumulated amortization   Net carrying value 
   RMB   RMB   RMB 
Intangible asset with indefinite life:            
Da Niang Trademark   64,347,001    
-
    64,347,001 
Finite-lived intangible assets:               
Trademarks   21,129,394    (12,600,294)   8,529,100 
Technology   4,200,000    (2,310,000)   1,890,000 
Network rights   210,755    (209,550)   1,205 
Purchased software   29,279,182    (28,875,979)   403,203 
Reacquired rights   2,531,418    (2,024,376)   507,042 
Others   435,185    (435,185)   
-
 
Total   122,132,935    (46,455,384)   75,677,551 
   As of December 31, 2025 
   Gross
carrying
value		   Accumulated
amortization		   Net
carrying
value		   Net
carrying
value		 
   RMB   RMB   RMB   USD 
Intangible asset with indefinite life:                
Da Niang Trademark   47,016,001    
-
    47,016,001    6,723,199 
Finite-lived intangible assets:                    
Trademarks   21,129,394    (13,898,156)   7,231,238    1,034,053 
Technology   4,200,000    (2,730,000)   1,470,000    210,207 
Purchased software   29,305,597    (28,983,292)   322,305    46,089 
Reacquired rights   2,531,418    (2,167,144)   364,274    52,091 
Others   644,735    (644,735)   
-
    
-
 
Total   104,827,145    (48,423,327)   56,403,818    8,065,639 

 

Amortization expense of intangible assets for the years ended December 31, 2023, 2024 and 2025 amounted to RMB 6,686,070, RMB 4,766,969 and RMB1,942,732 (USD 277,807), respectively.

 

Due to strategic optimization of leased-and-operated restaurants closures for varying reasons in each year, the Group recognized impairment losses of RMB 16,027,000, RMB 39,072,000 and RMB 17,331,000 (USD 2,478,300) for the years ended December 31, 2023, 2024 and 2025, respectively, to Da Niang Trademark in restaurant business segment. The Group evaluated the fair value of Da Niang Trademark using the relief from royalty method with the assistance of a third-party valuer and based on the significant assumptions including royalty rate for the trademark, projected revenue and discount rate, which were classified as level 3 inputs under the fair value hierarchy that involve considerable management judgements. Accordingly, actual results may vary significantly from the Group estimates as they are forward-looking and include assumption about economic trend with uncertain future outcome.

 

The estimated aggregate amortization expense for each of the five succeeding years is as follows:

 

Years ending December 31,  RMB   USD 
2026   2,193,515    313,668 
2027   1,720,250    245,992 
2028   1,549,618    221,592 
2029   955,433    136,625 
2030   547,404    78,278 
Thereafter   2,421,598    346,284