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

Earnings (Losses) Per Common Share (Tables)

Earnings (Losses) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Basic and Diluted Earnings (Losses) Per Common Share

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

	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Numerator:
Net loss attributable to ATA Creativity Global		(122,253,989)		(92,198,032)	(33,649,593)
Redeemable non-controlling interest redemption value accretion		(6,008,491)		(6,184,572)	(2,283,089)
Net loss available to common shareholders		(128,262,480)		(98,382,604)	(35,932,682)
Denominator:
Denominator for basic loss per share:
Weighted average common shares outstanding		50,915,710		62,660,037	62,748,095
Denominator for diluted loss per share		50,915,710		62,660,037	62,748,095
Basic loss per common share from continuing operations		(2.62)		(1.57)	(0.57)
Diluted loss per common share from continuing operations		(2.62)		(1.57)	(0.57)
Basic earnings per common share from discontinued operations		0.10		—	—
Diluted earnings per common share from discontinued operations		0.10		—	—
Basic loss per common share attributable to ATA Creativity Global		(2.52)		(1.57)	(0.57)
Diluted loss per common share attributable to ATA Creativity Global		(2.52)		(1.57)	(0.57)

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, 2019, 2020 and 2021, because their effect is anti-dilutive:

	Year ended December 31,
	2019		2020		2021
Shares issuable under restricted shares and share options		402,500		827,198	810,832