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

ATA Creativity Global ("Parent Company") (Tables)

v3.22.1
ATA Creativity Global ("Parent Company") (Tables) - ATA Creativity Global
12 Months Ended
Dec. 31, 2021
Schedule of Condensed Balance Sheets

Condensed Balance Sheets

 

 

 

December 31,

2020

 

 

December 31,

2021

 

December 31,

2021

 

 

RMB

 

 

RMB

 

USD

Cash and cash equivalents

 

 

2,486,636

 

 

2,235,730

 

350,835

Prepaid expenses and other current assets

 

 

3,983

 

 

3,892

 

611

Investments in subsidiaries

 

 

198,028,805

 

 

187,780,984

 

29,466,934

Total assets

 

 

200,519,424

 

 

190,020,606

 

29,818,380

Accrued expenses and other payables

 

 

2,114,561

 

 

2,251,514

 

353,312

Total liabilities

 

 

2,114,561

 

 

2,251,514

 

353,312

Common shares

 

 

4,716,675

 

 

4,720,147

 

740,694

Treasury shares

 

 

(11,625,924)

 

 

(9,818,754)

 

(1,540,777)

Additional paid in capital

 

 

541,272,503

 

 

540,583,564

 

84,829,358

Accumulated other comprehensive loss

 

 

(37,424,722)

 

 

(37,559,847)

 

(5,893,960)

Accumulated deficit

 

 

(298,533,669)

 

 

(310,156,018)

 

(48,670,247)

Total shareholders’ equity

 

 

198,404,863

 

 

187,769,092

 

29,465,068

Total liabilities and shareholders’ equity

 

 

200,519,424

 

 

190,020,606

 

29,818,380

Schedule of Consolidated Income Statement

Condensed Statements of Comprehensive Income (Loss)

 

 

 

Year ended December 31,

 

 

2019

 

 

2020

 

 

2021

 

2021

 

 

RMB

 

 

RMB

 

 

RMB

 

USD

Cost of revenues

 

 

 

 

 

(90,029)

 

(14,128)

Operating expenses

 

(6,928,823)

 

 

(10,748,782)

 

 

(6,412,398)

 

(1,006,245)

Provision for loan receivable

 

(11,843,167)

 

 

(3,943,902)

 

 

 

Investment loss

 

(110,881,674)

 

 

(83,753,528)

 

 

(5,120,016)

 

(803,442)

Interest expense

 

 

 

 

 

 

Interest income

 

1,391,183

 

 

63,613

 

 

139

 

22

Foreign currency exchange gains (losses), net

 

1

 

 

(5)

 

 

(45)

 

(7)

Loss before income taxes

 

(128,262,480)

 

 

(98,382,604)

 

 

(11,622,349)

 

(1,823,800)

Income tax expense

 

 

 

 

 

 

Net loss

 

(128,262,480)

 

 

(98,382,604)

 

 

(11,622,349)

 

(1,823,800)

Other comprehensive income (loss)

 

810,197

 

 

53,445

 

 

(135,125)

 

(21,204)

Comprehensive loss

 

(127,452,283)

 

 

(98,329,159)

 

 

(11,757,474)

 

(1,845,004)

 

 

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

 

 

 

Year ended December 31,

 

 

2019

 

 

2020

 

 

2021

 

2021

 

 

RMB

 

 

RMB

 

 

RMB

 

USD

Net cash used in operating activities

 

 

(4,797,830)

 

 

 

(10,150,979)

 

 

(4,529,860)

 

(710,833)

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Cash received from subsidiaries

 

 

 

 

 

3,804,240

 

 

4,113,412

 

645,484

Cash lent to subsidiaries

 

 

 

 

 

(72,794,230)

 

 

(9,692)

 

(1,521)

Proceeds from disposal of discontinued operations

 

 

4,894,197

 

 

 

 

 

 

Net cash provided by (used in) investing activities

 

 

4,894,197

 

 

 

(68,989,990)

 

 

4,103,720

 

643,963

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Cash received from Private placement

 

 

61,693,192

 

 

 

8,530,931

 

 

 

Cash received for exercise of share options

 

 

 

 

 

 

 

232,245

 

36,444

Repurchase of treasury shares

 

 

 

 

 

(4,003,530)

 

 

 

Net cash provided by (used in) financing activities

 

 

61,693,192

 

 

 

4,527,401

 

 

232,245

 

36,444

Effect of foreign exchange rate changes on cash

 

 

810,196

 

 

 

(895,932)

 

 

(57,011)

 

(8,946)

Net increase (decrease) in cash

 

 

62,599,755

 

 

 

(75,509,500)

 

 

(250,906)

 

(39,372)

Cash and cash equivalents at beginning of year

 

 

15,396,381

 

 

 

77,996,136

 

 

2,486,636

 

390,207

Cash and cash equivalents at end of year

 

 

77,996,136

 

 

 

2,486,636

 

 

2,235,730

 

350,835