| Summary of Selected Financial Information Relating to Group's Segments |
The following table presents selected financial information relating to the Group’s segments:
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Overseas art study |
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Other educational |
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For the year ended December 31, 2023: |
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services |
|
services |
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Others |
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Consolidated |
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|
RMB |
|
RMB |
|
RMB |
|
RMB |
Net revenues |
|
201,955,180 |
|
19,663,788 |
|
— |
|
221,618,968 |
Operating cost and expenses: |
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Cost of revenues |
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96,661,054 |
|
10,225,877 |
|
74,828 |
|
106,961,759 |
Research and development |
|
3,672,094 |
|
114,516 |
|
843,270 |
|
4,629,880 |
Selling and marketing |
|
73,182,842 |
|
5,437,897 |
|
116,753 |
|
78,737,492 |
Unallocated corporate expenses* |
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— |
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— |
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— |
|
72,816,606 |
Total operating cost and expenses |
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173,515,990 |
|
15,778,290 |
|
1,034,851 |
|
263,145,737 |
Other operating income, net |
|
30,865 |
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— |
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— |
|
30,865 |
Income (Loss) from operations |
|
28,470,055 |
|
3,885,498 |
|
(1,034,851) |
|
(41,495,904) |
Unallocated other income, net |
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|
973,654 |
Loss before income taxes |
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(40,522,250) |
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Overseas art study |
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Other educational |
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|
|
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For the year ended December 31, 2022: |
|
services |
|
services |
|
Others |
|
Consolidated |
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
Net revenues |
|
181,833,076 |
|
24,657,609 |
|
330,189 |
|
206,820,874 |
Operating cost and expenses: |
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|
|
|
|
|
|
|
Cost of revenues |
|
92,389,567 |
|
11,552,359 |
|
373,930 |
|
104,315,856 |
Research and development |
|
5,903,055 |
|
— |
|
887,736 |
|
6,790,791 |
Selling and marketing |
|
69,398,473 |
|
5,736,053 |
|
131,200 |
|
75,265,726 |
Unallocated corporate expenses* |
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— |
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— |
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— |
|
77,051,580 |
Total operating cost and expenses |
|
167,691,095 |
|
17,288,412 |
|
1,392,866 |
|
263,423,953 |
Other operating income, net |
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— |
|
— |
|
16,515 |
|
16,515 |
Income (Loss) from operations |
|
14,141,981 |
|
7,369,197 |
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(1,046,162) |
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(56,586,564) |
Unallocated other income, net |
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|
|
|
|
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|
2,070,949 |
Loss before income taxes |
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|
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(54,515,615) |
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Overseas art study |
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Other educational |
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|
|
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For the year ended December 31, 2021: |
|
services |
|
services |
|
Others |
|
Consolidated |
|
|
RMB |
|
RMB |
|
RMB |
|
RMB |
Net revenues |
|
181,035,267 |
|
21,174,198 |
|
— |
|
202,209,465 |
Operating cost and expenses: |
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|
|
|
|
|
|
|
Cost of revenues |
|
81,964,815 |
|
14,154,713 |
|
1,294,387 |
|
97,413,915 |
Research and development |
|
4,176,398 |
|
3,148,402 |
|
4,476,745 |
|
11,801,545 |
Selling and marketing |
|
60,436,932 |
|
5,598,532 |
|
113,996 |
|
66,149,460 |
Unallocated corporate expenses* |
|
— |
|
— |
|
— |
|
93,256,046 |
Total operating cost and expenses |
|
146,578,145 |
|
22,901,647 |
|
5,885,128 |
|
268,620,966 |
Other operating income, net |
|
— |
|
— |
|
22,018 |
|
22,018 |
Income (Loss) from operations |
|
34,457,122 |
|
(1,727,449) |
|
(5,863,110) |
|
(66,389,483) |
Unallocated other income, net |
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|
|
|
|
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|
28,439,789 |
Loss before income taxes |
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|
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(37,949,694) |
*Unallocated corporate expenses represent the general and administrative expenses for the years ended December 31, 2021, 2022 and 2023.
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