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

Earnings (Loss) Per Common Share (Tables)

v3.21.1
Earnings (Loss) Per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings (Loss) Per Common Share

Basic and diluted earnings (loss) per common share are calculated as follows:

 

 

 

Year ended December 31,

 

 

2018

 

 

2019

 

 

2020

 

 

RMB

 

 

RMB

 

 

RMB

Numerator:

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to ATA Creativity Global

 

 

854,925,914

 

 

 

(122,253,989)

 

 

(92,198,032)

Dividends paid to participating securities

 

 

(13,249,006

)

 

 

 

 

Redeemable non-controlling interest redemption value accretion

 

 

(6,085,542

)

 

 

(6,008,491)

 

 

(6,184,572)

Net earnings (loss) available to common shareholders

 

 

835,591,366

 

 

 

(128,262,480)

 

 

(98,382,604)

Denominator:

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

45,796,886

 

 

 

50,915,710

 

 

62,660,037

Denominator for diluted earnings (loss) per share

 

 

45,796,886

 

 

 

50,915,710

 

 

62,660,037

Basic loss per common share from continuing operations

 

 

(1.81

)

 

 

(2.62)

 

 

(1.57)

Diluted loss per common share from continuing operations

 

 

(1.81

)

 

 

(2.62)

 

 

(1.57)

Basic earnings per common share from discontinued operations

 

 

20.06

 

 

 

0.10

 

 

Diluted earnings per common share from discontinued operations

 

 

20.06

 

 

 

0.10

 

 

Basic earnings (loss) per common share attributable to ATA Creativity Global

 

 

18.25

 

 

 

(2.52)

 

 

(1.57)

Diluted earnings (loss) per common share attributable to ATA Creativity Global

 

 

18.25

 

 

 

(2.52)

 

 

(1.57)

Summary of Potential Common Shares Outstanding Excluded From the Calculation of Diluted Earnings (Loss) Per Share

The following table summarizes potential common shares outstanding excluded from the calculation of diluted earnings (loss) per share for the year ended December 31, 2018, 2019 and 2020, because their effect is anti-dilutive:

 

 

 

Year ended

December 31,

 

 

2018

 

 

2019

 

 

2020

Shares issuable under share options

 

 

1,142,212

 

 

 

402,500

 

 

827,198