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, 2022

Schedule of Basic and Diluted Losses Per Common Share

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


	Year ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Numerator:
Net loss attributable to ATA Creativity Global		(92,198,032	)		(33,649,593	)		(47,892,909	)
Redeemable non-controlling interest redemption value accretion		(6,184,572	)		(2,283,089	)		—
Net loss available to common shareholders		(98,382,604	)		(35,932,682	)		(47,892,909	)
Denominator:
Denominator for basic loss per share:
Weighted average common shares outstanding		62,660,037			62,748,095			62,753,840
Denominator for diluted loss per share		62,660,037			62,748,095			62,753,840
Basic loss per common share attributable to ATA Creativity Global		(1.57	)		(0.57	)		(0.76	)
Diluted loss per common share attributable to ATA Creativity Global		(1.57	)		(0.57	)		(0.76	)

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 losses per share for the year ended December 31, 2020, 2021 and 2022, because their effect is anti-dilutive:


	Year ended December 31,
	2020		2021		2022
Shares issuable under restricted shares and share options		827,198		826,832		1,674,492