| ATA CREATIVITY GLOBAL ("PARENT COMPANY") |
(22)ATA CREATIVITY GLOBAL (“PARENT COMPANY”)
The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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December 31, |
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December 31, |
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December 31, |
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2022 |
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2023 |
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2023 |
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RMB |
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RMB |
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USD |
Cash and cash equivalents |
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1,098,896 |
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1,068,177 |
|
150,450 |
Prepaid expenses and other current assets |
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4,252 |
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4,272 |
|
602 |
Investments in subsidiaries |
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144,677,894 |
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115,087,677 |
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16,209,760 |
Total assets |
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145,781,042 |
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116,160,126 |
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16,360,812 |
Accrued expenses and other payables |
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2,681,709 |
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3,122,258 |
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439,761 |
Total liabilities |
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2,681,709 |
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3,122,258 |
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439,761 |
Common shares |
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4,720,147 |
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4,730,128 |
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666,225 |
Treasury shares |
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(8,626,894) |
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(8,201,046) |
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(1,155,093) |
Additional paid in capital |
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542,058,092 |
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545,222,465 |
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76,792,978 |
Accumulated other comprehensive loss |
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(37,003,085) |
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(37,004,507) |
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(5,211,976) |
Accumulated deficit |
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(358,048,927) |
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(391,709,172) |
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(55,171,083) |
Total shareholders’ equity |
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143,099,333 |
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113,037,868 |
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15,921,051 |
Total liabilities and shareholders’ equity |
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145,781,042 |
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116,160,126 |
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16,360,812 |
Condensed Statements of Comprehensive Income (Loss)
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Year ended December 31, |
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2021 |
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2022 |
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2023 |
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2023 |
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RMB |
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RMB |
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RMB |
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USD |
Cost of revenues |
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(90,029) |
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(88,930) |
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(74,827) |
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(10,539) |
Operating expenses |
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(6,412,398) |
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(6,175,519) |
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(5,141,980) |
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(724,233) |
Investment loss |
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(5,120,016) |
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(41,635,317) |
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(28,469,235) |
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(4,009,808) |
Interest income |
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139 |
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6,861 |
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25,802 |
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3,634 |
Foreign currency exchange losses, net |
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(45) |
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(4) |
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(5) |
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(1) |
Loss before income taxes |
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(11,622,349) |
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(47,892,909) |
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(33,660,245) |
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(4,740,947) |
Income tax expense |
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— |
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— |
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— |
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— |
Net loss |
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(11,622,349) |
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(47,892,909) |
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(33,660,245) |
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(4,740,947) |
Other comprehensive income (loss) |
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(135,125) |
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556,762 |
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(1,422) |
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(200) |
Comprehensive loss |
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(11,757,474) |
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(47,336,147) |
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(33,661,667) |
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(4,741,147) |
Condensed Statements of Cash Flows
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Year ended December 31, |
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2021 |
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2022 |
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2023 |
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2023 |
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RMB |
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RMB |
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RMB |
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USD |
Net cash used in operating activities |
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(4,529,860) |
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(4,509,052) |
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(1,637,065) |
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(230,576) |
Cash flows from investing activities: |
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Cash received from subsidiaries |
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4,113,412 |
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3,159,503 |
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2,546,883 |
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358,721 |
Cash lent to subsidiaries |
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(9,692) |
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(101,614) |
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(1,437,720) |
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(202,499) |
Net cash provided by investing activities |
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4,103,720 |
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3,057,889 |
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1,109,163 |
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156,222 |
Cash flows from financing activities: |
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Cash received for exercise of share options |
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232,245 |
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218,943 |
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471,765 |
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66,448 |
Net cash provided by financing activities |
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232,245 |
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218,943 |
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471,765 |
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66,448 |
Effect of foreign exchange rate changes on cash |
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(57,011) |
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95,386 |
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25,418 |
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3,580 |
Net decrease in cash |
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(250,906) |
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(1,136,834) |
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(30,719) |
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(4,326) |
Cash and cash equivalents at beginning of year |
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2,486,636 |
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2,235,730 |
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1,098,896 |
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154,776 |
Cash and cash equivalents at end of year |
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2,235,730 |
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1,098,896 |
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1,068,177 |
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150,450 |
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