Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.20.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary of Selected Financial Information Relating to Group’s Segments

The following table presents selected financial information relating to the Group’s segments:

 

For the year ended December 31, 2019:

 

Overseas art study

services

 

Others

 

Consolidated

 

 

RMB

 

RMB

 

RMB

Net revenues

 

82,376,727

 

15,393,440

97,770,167

Operating cost and expenses:

 

 

 

 

 

 

Cost of revenues

 

50,365,985

 

11,548,517

61,914,502

Research and development

 

 

11,817,255

 

11,817,255

Selling and marketing

 

27,859,200

 

6,253,012

34,112,212

Unallocated corporate expenses*

 

 

81,923,516

Impairment loss of intangible assets and other non-current assets

 

 

8,932,439

8,932,439

Provision for loan receivable and other receivables

 

 

17,430,825

17,430,825

Total operating cost and expenses

 

78,225,185

 

55,982,048

216,130,749

Other operating income, net

 

 

588,147

 

588,147

Income (loss) from continuing operations

 

4,151,542

 

(40,000,461)

(117,772,435)

 

For the year ended December 31, 2018:

 

Others

 

Consolidated

 

 

RMB

 

RMB

Net revenues

 

1,338,592

 

1,338,592

Operating cost and expenses:

 

 

 

 

Cost of revenues

 

4,251,451

 

4,251,451

Research and development

 

19,594,484

 

19,594,484

Selling and marketing

 

5,570,169

 

5,570,169

General and administrative

 

43,507,856

 

43,507,856

Total operating cost and expenses

 

72,923,960

 

72,923,960

Other operating income, net

 

3,793,418

 

3,793,418

Loss from continuing operations

 

(67,791,950)

 

(67,791,950)

For nine months ended December 31, 2017:

 

Others

 

Consolidated

 

 

RMB

 

RMB

Net revenues

 

5,185,822

 

5,185,822

Operating cost and expenses:

 

 

 

 

Cost of revenues

 

3,785,865

 

3,785,865

Research and development

 

15,415,780

 

15,415,780

Selling and marketing

 

4,539,473

 

4,539,473

General and administrative

 

40,132,709

 

40,132,709

Total operating cost and expenses

 

63,873,827

 

63,873,827

Other operating income, net

 

 

Loss from continuing operations

 

(58,688,005)

 

(58,688,005)