| Schedule of Significant Concentrations and Risks |
Cash and cash equivalents consist of cash on hand and cash at bank. Cash at bank are deposited in financial institutions at below locations:
|
|
|
December 31,
2018
|
|
|
December 31,
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
Financial institutions in the mainland of the PRC
|
|
|
|
|
|
|
|
— Denominated in Renminbi (“RMB”)
|
|
|
143,760,647
|
|
|
47,224,436
|
|
— Denominated in U.S. Dollar (“USD”)
|
|
|
34
|
|
|
12,292,950
|
|
Total cash balances held at mainland PRC financial institutions
|
|
|
143,760,681
|
|
|
59,517,386
|
|
Financial institutions in Hong Kong Special Administrative Region (“HKSAR”) of the PRC
|
|
|
|
|
|
|
|
— Denominated in RMB
|
|
|
672
|
|
|
—
|
|
— Denominated in Hong Kong Dollar (“HKD”)
|
|
|
8,064,121
|
|
|
2,875,819
|
|
— Denominated in USD
|
|
|
38,358,069
|
|
|
91,793,594
|
|
— Denominated in Great Britain Pound
|
|
|
402,799
|
|
|
2
|
|
Total cash and cash equivalents balances held at HKSAR financial institutions
|
|
|
46,825,661
|
|
|
94,669,415
|
|
Total cash and cash equivalents balances held at financial institutions
|
|
|
190,586,342
|
|
|
154,186,801
|
|
| Schedule of Financial Statement Amounts and Balances of Vie Included in Accompanying Consolidated Financial Statements |
The following financial statement amounts and balances of ATA Intelligent Learning were included in the accompanying consolidated financial statements of the Company as of and for the years ended December 31, 2018 and 2019.
|
|
|
December 31,
2018
|
|
|
December 31,
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
Cash
|
|
|
25,369,355
|
|
|
435,122
|
|
Prepaid expenses and other current assets
|
|
|
32,860
|
|
|
4,180
|
|
Total current assets
|
|
|
25,402,215
|
|
|
439,302
|
|
Long-term investments (i)
|
|
|
5,919,198
|
|
|
89,605,550
|
|
Property and equipment, net
|
|
|
8,382
|
|
|
11,972
|
|
Other non-current assets
|
|
|
—
|
|
|
2,590
|
|
Total assets
|
|
|
31,329,795
|
|
|
90,059,414
|
|
Accrued expenses and other payables
|
|
|
455,577
|
|
|
—
|
|
Payable for business acquisition
|
|
|
—
|
|
|
19,642,082
|
|
Amounts due to a related party (ii)
|
|
|
28,000,000
|
|
|
42,000,000
|
|
Total current liabilities
|
|
|
28,455,577
|
|
|
61,642,082
|
|
Total liabilities
|
|
|
28,455,577
|
|
|
61,642,082
|
|
|
|
Year ended
December 31,
2018
|
|
|
Year ended
December 31,
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
Net revenues
|
|
|
—
|
|
|
—
|
|
Net loss
|
|
|
(7,125,782
|
)
|
|
(14,456,886)
|
|
|
|
Year ended
December 31,
2018
|
|
|
Year ended
December 31,
2019
|
|
|
|
RMB
|
|
|
RMB
|
|
Net cash used in operating activities
|
|
|
(172,145
|
)
|
|
(1,441,360)
|
|
Net cash used in investing activities (iii)
|
|
|
(12,458,500
|
)
|
|
(77,492,873)
|
|
Net cash received from financing activities (iii)
|
|
|
38,000,000
|
|
|
54,000,000
|
|
|
(i)
|
Long-term investments as of December 31, 2019 include investment cost and share of loss of 30.96% equity interest investment in Huanqiuyimeng, which is eliminated on consolidation.
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|
|
(ii)
|
Amounts due to a related party represent the amount due to ATA Education, which are eliminated on consolidation.
|
|
|
(iii)
|
For the year ended December 31, 2018, RMB 12,450,000 of net cash used in investing activities and RMB 38,000,000 of net cash received from financing activities were related to the transactions with ACG subsidiaries, which are eliminated on consolidation. For the year ended December 31, 2019, RMB 54,000,000 of net cash received from financing activities were related to the transactions with ACG subsidiaries, which are eliminated on consolidation. In addition, RMB71,483,973 of net cash used in investing activities were related to payments made for Huanqiuyimeng Acquisition.
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