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

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

v3.23.1
ATA Creativity Global ("Parent Company") (Tables) - ATA Creativity Global
12 Months Ended
Dec. 31, 2022
Schedule of Condensed Balance Sheets
Condensed Balance Sheets
 
    
December 31,

2021
    
December 31,

2022
    
December 31,

2022
 
    
RMB
    
RMB
    
USD
 
Cash and cash equivalents
     2,235,730        1,098,896        159,325  
Prepaid expenses and other current assets
     3,892        4,252        616  
Investments in subsidiaries
     187,780,984        144,677,894        20,976,323  
    
 
 
    
 
 
    
 
 
 
Total assets
  
 
190,020,606
 
  
 
145,781,042
 
  
 
21,136,264
 
    
 
 
    
 
 
    
 
 
 
Accrued expenses and other payables
     2,251,514        2,681,709        388,811  
    
 
 
    
 
 
    
 
 
 
Total liabilities
  
 
2,251,514
 
  
 
2,681,709
 
  
 
388,811
 
    
 
 
    
 
 
    
 
 
 
Common shares
     4,720,147        4,720,147        684,357  
Treasury shares
     (9,818,754      (8,626,894      (1,250,782
Additional paid in capital
     540,583,564        542,058,092        78,591,036  
Accumulated other comprehensive loss
     (37,559,847      (37,003,085      (5,364,943
Accumulated deficit
     (310,156,018      (358,048,927      (51,912,215
    
 
 
    
 
 
    
 
 
 
Total shareholders’ equity
  
 
187,769,092
 
  
 
143,099,333
 
  
 
20,747,453
 
    
 
 
    
 
 
    
 
 
 
Total liabilities and shareholders’ equity
  
 
190,020,606
 
  
 
145,781,042
 
  
 
21,136,264
 
    
 
 
    
 
 
    
 
 
 
Schedule of Consolidated Income Statement
Condensed Statements of Comprehensive Income (Loss)
 
 
  
Year ended December 31,
 
 
  
2020
 
  
2021
 
  
2022
 
  
2022
 
 
  
RMB
 
  
RMB
 
  
RMB
 
  
USD
 
Cost of revenues
     —          (90,029      (88,930      (12,894
Operating expenses
     (10,748,782      (6,412,398      (6,175,519      (895,366
Provision for loan receivable
     (3,943,902      —          —          —    
Investment loss
     (83,753,528      (5,120,016      (41,635,317      (6,036,554
Interest income
     63,613        139        6,861        995  
Foreign currency exchange losses, net
     (5      (45      (4      (1
Loss before income taxes
  
 
(98,382,604
  
 
(11,622,349
  
 
(47,892,909
)
 
  
 
(6,943,820
)
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Income tax expense
     —          —          —          —    
    
 
 
    
 
 
    
 
 
    
 
 
 
Net loss
  
 
(98,382,604
  
 
(11,622,349
  
 
(47,892,909
)
 
  
 
(6,943,820
)
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Other comprehensive income (loss)
     53,445        (135,125      556,762        80,723  
    
 
 
    
 
 
    
 
 
    
 
 
 
Comprehensive loss
  
 
(98,329,159
  
 
(11,757,474
  
 
(47,336,147
)
 
  
 
(6,863,097
)
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Schedule of Condensed Statements of Cash Flows
Condensed Statements of Cash Flows
 
 
  
Year ended December 31,
 
 
  
2020
 
  
2021
 
  
2022
 
  
2022
 
 
  
RMB
 
  
RMB
 
  
RMB
 
  
USD
 
Net cash used in operating activities
  
 
(10,150,979
  
 
(4,529,860
  
 
(4,509,052
  
 
(653,751
Cash flows from investing activities:
                                   
Cash received from subsidiaries
     3,804,240        4,113,412        3,159,503        458,085  
Cash lent to subsidiaries
     (72,794,230      (9,692      (101,614      (14,733
Net cash provided by (used in) investing activities
  
 
(68,989,990
  
 
4,103,720
 
  
 
3,057,889
 
  
 
443,352
 
Cash flows from financing activities:
                                   
Cash received from
p
rivate placement
     8,530,931        —          —          —    
Cash received for exercise of share options
     —          232,245        218,943        31,744  
Repurchase of treasury shares
     (4,003,530      —          —          —    
    
 
 
    
 
 
    
 
 
    
 
 
 
Net cash provided by financing activities
  
 
4,527,401
 
  
 
232,245
 
  
 
218,943
 
  
 
31,744
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Effect of foreign exchange rate changes on cash
  
 
(895,932
  
 
(57,011
  
 
95,386
 
  
 
13,830
 
Net decrease in cash
     (75,509,500      (250,906      (1,136,834      (164,825
Cash and cash equivalents at beginning of year
     77,996,136        2,486,636        2,235,730        324,150  
    
 
 
    
 
 
    
 
 
    
 
 
 
Cash and cash equivalents at end of year
  
 
2,486,636
 
  
 
2,235,730
 
  
 
1,098,896
 
  
 
159,325