| ATA INC. ("Parent Company") |
(23) ATA INC. (“Parent Company”)
The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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December 31, 2017
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December 31, 2018
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December 31, 2018
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RMB
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RMB
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USD
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Cash and cash equivalents
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1,807,629
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15,396,381
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2,239,311
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Prepaid expenses and other current assets
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2,955
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3,104
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451
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Loan receivable
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—
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14,532,685
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2,113,691
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Investments in subsidiaries
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374,906,204
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247,870,563
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36,051,277
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Total assets
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376,716,788
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277,802,733
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40,404,730
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Accrued expenses and other current liabilities
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11,987,350
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1,985,894
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288,836
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Total liabilities
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11,987,350
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1,985,894
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288,836
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Common shares
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3,534,871
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3,534,871
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514,126
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Treasury shares
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(27,737,073)
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(27,737,073)
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(4,034,190)
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Additional paid in capital
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389,897,690
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410,195,990
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59,660,532
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Accumulated other comprehensive loss
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(26,850,955)
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(38,288,364)
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(5,568,813)
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Retained earnings (accumulated deficit)
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25,884,905
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(71,888,585)
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(10,455,761)
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Total shareholders’ equity
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364,729,438
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275,816,839
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40,115,894
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Total liabilities and shareholders’ equity
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376,716,788
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277,802,733
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40,404,730
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Condensed Statements of Comprehensive Income (Loss)
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Twelve months ended
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Nine months ended
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Twelve months ended
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March 31
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December 31
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December 31
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2017
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2017
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2018
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2018
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RMB
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RMB
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RMB
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USD
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Operating expenses
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(3,818,608)
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(14,273,099)
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(4,963,891)
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(721,967)
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Investment income (loss)
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(6,587,058)
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40,802,611
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852,782,280
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124,032,038
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Interest expense
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(75,918)
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(52,074)
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(446)
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(65)
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Interest income
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568,503
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15,394
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1,306,567
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190,032
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Foreign currency exchange gains (losses), net
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197,079
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(607,927)
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(284,138)
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(41,326)
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Earnings (loss) before income taxes
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(9,716,002)
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25,884,905
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848,840,372
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123,458,712
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Income tax expense
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—
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—
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—
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—
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Net income (loss)
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(9,716,002)
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25,884,905
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848,840,372
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123,458,712
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Other comprehensive income (loss)
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104,358
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(1,781,184)
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(11,437,409)
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(1,663,502)
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Comprehensive income (loss)
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(9,611,644)
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24,103,721
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837,402,963
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121,795,210
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Condensed Statements of Cash Flows
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Twelve months ended
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Nine months ended
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Twelve months ended
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March 31
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December 31
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December 31
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2017
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2017
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2018
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2018
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RMB
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RMB
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RMB
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USD
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Net cash used in operating activities
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(2,858,989)
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(5,003,772)
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(29,996,291)
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(4,362,779)
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Cash flows from investing activities :
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Cash received from subsidiaries
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400,783
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73,178,416
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1,001,941,215
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145,726,306
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Loan lent to Beijing Biztour
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—
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—
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(13,745,856)
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(1,999,252)
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Net cash provided by investing activities
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400,783
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73,178,416
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988,195,359
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143,727,054
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Cash flows from financing activities :
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Cash received for exercise of share options
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—
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—
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1,433,441
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208,485
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Special cash dividend
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—
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(65,698,571)
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(946,611,803)
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(137,678,977)
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Net cash used in financing activities
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—
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(65,698,571)
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(945,178,362)
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(137,470,492)
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Effect of foreign exchange rate changes on cash
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31,935
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(1,173,526)
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568,046
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82,619
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Net increase (decrease) in cash
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(2,426,271)
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1,302,547
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13,588,752
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1,976,402
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Cash at beginning of period
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2,931,353
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505,082
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1,807,629
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262,909
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Cash at end of period
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505,082
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1,807,629
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15,396,381
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2,239,311
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