v3.21.1
Consolidated Balance Sheets
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 112,723,433 $ 17,275,622 ¥ 154,197,758
Accounts receivable, net 2,245,194 344,091 214,591
Subscription receivable     8,530,931
Prepaid expenses and other current assets 5,970,973 915,092 16,490,369
Loan receivable, net     4,126,502
Total current assets 120,939,600 18,534,805 183,560,151
Long-term investments 44,000,000 6,743,295 45,726,391
Property and equipment, net 38,119,216 5,842,025 42,070,794
Intangible assets, net 110,586,111 16,948,063 135,599,770
Goodwill 194,754,963 29,847,504 200,478,795
Other non-current assets 22,950,264 3,517,282 16,402,750
Right-of-use assets 41,779,086 6,402,925 40,786,291
Deferred income tax assets 2,491,792 381,884 11,464,891
Total assets 575,621,032 88,217,783 676,089,833
Current liabilities:      
Accrued expenses and other payables (including accrued expenses and other payables of VIE without recourse to the Company of RMB nil and 71,562 as of December 31, 2019 and 2020, respectively) 47,020,182 7,206,160 47,747,054
Short-term loans 6,801,000 1,042,299 4,991,000
Payable for business acquisition (including payable for business acquisition of VIE without recourse to the Company of 19,642,082 and RMB 4,642,082 as of December 31, 2019 and 2020, respectively) 4,642,082 711,430 19,642,082
Lease liabilities-current 16,972,187 2,601,101 20,556,017
Deferred revenues 199,448,112 30,566,760 171,880,131
Total current liabilities 274,883,563 42,127,750 264,816,284
Lease liabilities-non-current 24,005,765 3,679,044 12,500,120
Deferred income tax liabilities 28,985,472 4,442,218 48,241,809
Total liabilities 327,874,800 50,249,012 325,558,213
Mezzanine equity-redeemable non-controlling interests 48,498,368 7,432,700 44,896,428
Shareholders’ equity:      
Common shares: Par value USD 0.01, authorized: 500,000,000 shares Issued: 64,044,572 and 63,889,448 shares as of December 31, 2019 and 2020, respectively Outstanding: 62,357,078 and 62,701,002 shares as of December 31, 2019 and 2020 4,716,675 722,862 4,692,312
Treasury shares—585,358 common shares as of December 31, 2019 and 2020, at cost (11,625,924) (1,781,751) (27,737,073)
Additional paid-in capital 541,272,503 82,953,640 560,814,066
Accumulated other comprehensive loss (37,424,722) (5,735,590) (37,478,167)
Accumulated deficits (298,533,669) (45,752,286) (200,151,065)
Total shareholders’ equity attributable to ATA Creativity Global 198,404,863 30,406,875 300,140,073
Non-redeemable non-controlling interests 843,001 129,196 5,495,119
Total shareholders’ equity 199,247,864 30,536,071 305,635,192
Commitments and contingencies
Total liabilities, mezzanine equity and shareholders’ equity ¥ 575,621,032 $ 88,217,783 ¥ 676,089,833

Source