| ATA Creativity Global (“Parent Company”) |
|
(28)
|
ATA CREATIVITY GLOBAL (“PARENT COMPANY”)
|
The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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|
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December 31,
2018
|
|
|
December 31,
2019
|
|
December 31,
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
USD
|
|
Cash and cash equivalents
|
|
|
15,396,381
|
|
|
77,996,136
|
|
11,203,444
|
|
Prepaid expenses and other current assets
|
|
|
3,104
|
|
|
13,154
|
|
1,888
|
|
Subscription receivable
|
|
|
—
|
|
|
8,530,931
|
|
1,225,392
|
|
Loan receivable, net
|
|
|
14,532,685
|
|
|
4,126,502
|
|
592,735
|
|
Investments in subsidiaries
|
|
|
247,870,563
|
|
|
213,391,690
|
|
30,651,798
|
|
Total assets
|
|
|
277,802,733
|
|
|
304,058,413
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|
43,675,257
|
|
Accrued expenses and other current liabilities
|
|
|
1,985,894
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|
|
3,918,340
|
|
562,834
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|
Total liabilities
|
|
|
1,985,894
|
|
|
3,918,340
|
|
562,834
|
|
Common shares
|
|
|
3,534,871
|
|
|
4,692,312
|
|
674,008
|
|
Treasury shares
|
|
|
(27,737,073
|
)
|
|
(27,737,073)
|
|
(3,984,181)
|
|
Additional paid in capital
|
|
|
410,195,990
|
|
|
560,814,066
|
|
80,555,900
|
|
Accumulated other comprehensive loss
|
|
|
(38,288,364
|
)
|
|
(37,478,167)
|
|
(5,383,402)
|
|
Accumulated deficit
|
|
|
(71,888,585
|
)
|
|
(200,151,065)
|
|
(28,749,902)
|
|
Total shareholders’ equity
|
|
|
275,816,839
|
|
|
300,140,073
|
|
43,112,423
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|
Total liabilities and shareholders’ equity
|
|
|
277,802,733
|
|
|
304,058,413
|
|
43,675,257
|
Condensed Statements of Comprehensive Income (Loss)
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|
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Nine months
ended
December 31
|
|
|
Twelve months
ended
December 31
|
|
|
Twelve months ended
December 31
|
|
|
|
2017
|
|
|
2018
|
|
|
2019
|
|
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
|
RMB
|
|
USD
|
|
Operating expenses
|
|
|
(14,273,099
|
)
|
|
|
(4,963,891
|
)
|
|
(6,928,823)
|
|
(995,263)
|
|
Provision for loan receivable
|
|
|
—
|
|
|
|
—
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|
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(11,843,167)
|
|
(1,701,164)
|
|
Investment income (loss)
|
|
|
40,802,611
|
|
|
|
852,782,280
|
|
|
(110,881,674)
|
|
(15,927,156)
|
|
Interest expense
|
|
|
(52,074
|
)
|
|
|
(446
|
)
|
|
—
|
|
—
|
|
Interest income
|
|
|
15,394
|
|
|
|
1,306,567
|
|
|
1,391,183
|
|
199,831
|
|
Foreign currency exchange gains (losses), net
|
|
|
(607,927
|
)
|
|
|
(284,138
|
)
|
|
1
|
|
—
|
|
Earnings (loss) before income taxes
|
|
|
25,884,905
|
|
|
|
848,840,372
|
|
|
(128,262,480)
|
|
(18,423,752)
|
|
Income tax expense
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
—
|
|
Net income (loss)
|
|
|
25,884,905
|
|
|
|
848,840,372
|
|
|
(128,262,480)
|
|
(18,423,752)
|
|
Other comprehensive income (loss)
|
|
|
(1,781,184
|
)
|
|
|
(11,437,409
|
)
|
|
810,197
|
|
116,378
|
|
Comprehensive income (loss)
|
|
|
24,103,721
|
|
|
|
837,402,963
|
|
|
(127,452,283)
|
|
(18,307,374)
|
Condensed Statements of Cash Flows
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|
|
Nine months
ended
December 31
|
|
|
Twelve months
ended
December 31
|
|
|
Twelve months ended
December 31
|
|
|
|
2017
|
|
|
2018
|
|
|
2019
|
|
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
|
RMB
|
|
USD
|
|
Net cash used in operating activities
|
|
|
(5,003,772
|
)
|
|
|
(29,996,291
|
)
|
|
(4,797,830)
|
|
(689,165)
|
|
Cash flows from investing activities :
|
|
|
|
|
|
|
|
|
|
|
|
|
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Cash received from subsidiaries
|
|
|
73,178,416
|
|
|
|
1,001,941,215
|
|
|
—
|
|
—
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|
Loan lent to Beijing Biztour
|
|
|
—
|
|
|
|
(13,745,856
|
)
|
|
—
|
|
—
|
|
Proceeds from disposal of discontinued operations
|
|
|
—
|
|
|
|
—
|
|
|
4,894,197
|
|
703,007
|
|
Net cash provided by investing activities
|
|
|
73,178,416
|
|
|
|
988,195,359
|
|
|
4,894,197
|
|
703,007
|
|
Cash flows from financing activities :
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private placement
|
|
|
—
|
|
|
|
—
|
|
|
61,693,192
|
|
8,861,673
|
|
Cash received for exercise of share options
|
|
|
—
|
|
|
|
1,433,441
|
|
|
—
|
|
—
|
|
Special cash dividend
|
|
|
(65,698,571
|
)
|
|
|
(946,611,803
|
)
|
|
—
|
|
—
|
|
Net cash used in financing activities
|
|
|
(65,698,571
|
)
|
|
|
(945,178,362
|
)
|
|
61,693,192
|
|
8,861,673
|
|
Effect of foreign exchange rate changes on cash
|
|
|
(1,173,526
|
)
|
|
|
568,046
|
|
|
810,196
|
|
116,377
|
|
Net increase in cash
|
|
|
1,302,547
|
|
|
|
13,588,752
|
|
|
62,599,755
|
|
8,991,892
|
|
Cash at beginning of period
|
|
|
505,082
|
|
|
|
1,807,629
|
|
|
15,396,381
|
|
2,211,552
|
|
Cash at end of period
|
|
|
1,807,629
|
|
|
|
15,396,381
|
|
|
77,996,136
|
|
11,203,444
|
|