v3.26.1
Goodwill
 12 Months Ended
Dec. 31, 2025
Goodwill [Abstract]  
GOODWILL

11. GOODWILL

 

The changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2025 were as follows:

 

   Hotel
Business		   Da Niang
Business		   Total 
   RMB   RMB   RMB 
Balance as of January 1, 2024   29,583,468    147,499,000    177,082,468 
Impairment   
-
    (81,008,000)   (81,008,000)
Balance as of December 31, 2024   29,583,468    66,491,000    96,074,468 
Impairment   
-
    (66,491,000)   (66,491,000)
Disposal of subsidiaries   (3,862,206)   
-
    (3,862,206)
Balance as of December 31, 2025   25,721,262    
-
    25,721,262 
Balance as of December 31, 2025 (USD)   3,678,092    
-
    3,678,092 

 

Due to strategic optimization of leased-and-operated restaurants closures for varying reasons, the Group recognized impairment loss of RMB 66,491,000 (USD 9,508,087) for the year ended December 31, 2025, to the goodwill associated with Da Niang Business in restaurant business segment. The fair value of this reporting unit has been determined using the discounted cash flow approach with the assistance of a third-party valuer. The significant assumption used to estimate the fair value of Da Niang business reporting unit included projected revenue and discount rate, which were classified as level 3 inputs under the fair value hierarchy and involve considerable management judgements. The Group recognized RMB 81,008,000 and nil of impairment loss for the years ended 2024 and 2023, respectively.