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

ATA Creativity Global (???Parent Company???)

v3.21.1
ATA Creativity Global (“Parent Company”)
12 Months Ended
Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
ATA Creativity Global ("Parent Company")

(26)

ATA CREATIVITY GLOBAL (“PARENT COMPANY”)

The following presents condensed financial information of the Parent Company only.

Condensed Balance Sheets

 

 

 

December 31,

2019

 

 

December 31,

2020

 

December 31,

2020

 

 

RMB

 

 

RMB

 

USD

Cash and cash equivalents

 

 

77,996,136

 

 

2,486,636

 

381,094

Prepaid expenses and other current assets

 

 

13,154

 

 

3,983  

 

610  

Subscription receivable

 

 

8,530,931

 

 

 

Loan receivable, net

 

 

4,126,502

 

 

 

Investments in subsidiaries

 

 

213,391,690

 

 

198,028,805

 

30,349,242

Total assets

 

 

304,058,413

 

 

200,519,424

 

30,730,946

Accrued expenses and other payables

 

 

3,918,340

 

 

2,114,561  

 

324,071  

Total liabilities

 

 

3,918,340

 

 

2,114,561  

 

324,071  

Common shares

 

 

4,692,312

 

 

4,716,675

 

722,862

Treasury shares

 

 

(27,737,073)

 

 

(11,625,924)

 

(1,781,751)

Additional paid in capital

 

 

560,814,066

 

 

541,272,503

 

82,953,640

Accumulated other comprehensive loss

 

 

(37,478,167)

 

 

(37,424,722)

 

(5,735,590)

Accumulated deficit

 

 

(200,151,065)

 

 

(298,533,669)

 

(45,752,286)

Total shareholders’ equity

 

 

300,140,073

 

 

198,404,863

 

30,406,875

Total liabilities and shareholders’ equity

 

 

304,058,413

 

 

200,519,424

 

30,730,946

 

Condensed Statements of Comprehensive Income (Loss)

 

 

 

Year ended December 31,

 

 

2018

 

 

2019

 

 

2020

 

2020

 

 

RMB

 

 

RMB

 

 

RMB

 

USD

Operating expenses

 

(4,963,891)

 

 

(6,928,823)

 

 

(10,748,782)

 

(1,647,323)

Provision for loan receivable

 

 

 

(11,843,167)

 

 

(3,943,902)

 

(604,429)

Investment income (loss)

 

852,782,280

 

 

(110,881,674)

 

 

(83,753,528)

 

(12,835,790)

Interest expense

 

(446)

 

 

 

 

 

Interest income

 

1,306,567

 

 

1,391,183

 

 

63,613

 

9,749

Foreign currency exchange gains (losses), net

 

(284,138)

 

 

1

 

 

(5)

 

(1)

Income (loss) before income taxes

 

848,840,372

 

 

(128,262,480)

 

 

(98,382,604)

 

(15,077,794)

Income tax expense

 

 

 

 

 

 

Net income (loss)

 

848,840,372

 

 

(128,262,480)

 

 

(98,382,604)

 

(15,077,794)

Other comprehensive income (loss)

 

(11,437,409)

 

 

810,197

 

 

53,445

 

8,191

Comprehensive income (loss)

 

837,402,963

 

 

(127,452,283)

 

 

(98,329,159)

 

(15,069,603)

 

Condensed Statements of Cash Flows

 

 

 

Year ended December 31,

 

 

2018

 

 

2019

 

 

2020

 

2020

 

 

RMB

 

 

RMB

 

 

RMB

 

USD

Net cash used in operating activities

 

 

(29,996,291)

 

 

 

(4,797,830)

 

 

(10,150,979)

 

(1,555,706)

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Cash received from subsidiaries

 

 

1,001,941,215

 

 

 

 

 

3,804,240

 

583,025

Loan lent to Beijing Biztour

 

 

(13,745,856)

 

 

 

 

 

 

Cash lent to subsidiaries

 

 

 

 

 

 

 

(72,794,230)

 

(11,156,204)

Proceeds from disposal of discontinued operations

 

 

 

 

 

4,894,197

 

 

 

Net cash provided by (used in) investing activities

 

 

988,195,359

 

 

 

4,894,197

 

 

(68,989,990)

 

(10,573,179)

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Private placement

 

 

 

 

 

61,693,192

 

 

8,530,931

 

1,307,422

Repurchase of treasury shares

 

 

 

 

 

 

 

 

 

(4,003,530)

 

(613,568)

Cash received for exercise of share options

 

 

1,433,441

 

 

 

 

 

 

Special cash dividend

 

 

(946,611,803)

 

 

 

 

 

 

Net cash provided by (used in) financing activities

 

 

(945,178,362)

 

 

 

61,693,192

 

 

4,527,401

 

693,854

Effect of foreign exchange rate changes on cash

 

 

568,046

 

 

 

810,196

 

 

(895,932)

 

(137,306)

Net increase(decrease) in cash

 

 

13,588,752

 

 

 

62,599,755

 

 

(75,509,500)

 

(11,572,337)

Cash and cash equivalents at beginning of year

 

 

1,807,629

 

 

 

15,396,381

 

 

77,996,136

 

11,953,431

Cash and cash equivalents at end of year

 

 

15,396,381

 

 

 

77,996,136

 

 

2,486,636

 

381,094