v3.20.1

ATA Creativity Global (“Parent Company”) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
ATA Creativity Global (“Parent Company”) |
(2 8) | ATA CREATIVITY GLOBAL (“PARENT COMPANY”)
The following presents condensed financial information of the Parent Company only. Condensed Balance Sheets
|  | December 31, 2018 |  |  | December 31, 2019 |  | December 31, 2019
|  | RMB |  |  | RMB |  | USD
Cash and cash equivalents |  |  | 15,396,381 |  |  | 77,996,136 |  | 11,203,444
Prepaid expenses and other current assets |  |  | 3,104 |  |  | 13,154 |  | 1,888
Subscription receivable |  |  | — |  |  | 8,530,931 |  | 1,225,392
Loan receivable, net |  |  | 14,532,685 |  |  | 4,126,502 |  | 592,735
Investments in subsidiaries |  |  | 247,870,563 |  |  | 213,391,690 |  | 30,651,798
Total assets |  |  | 277,802,733 |  |  | 304,058,413 |  | 43,675,257
Accrued expenses and other current liabilities |  |  | 1,985,894 |  |  | 3,918,340 |  | 562,834
Total liabilities |  |  | 1,985,894 |  |  | 3,918,340 |  | 562,834
Common shares |  |  | 3,534,871 |  |  | 4,692,312 |  | 674,008
Treasury shares |  |  | (27,737,073 | ) |  | (27,737,073) |  | (3,984,181)
Additional paid in capital |  |  | 410,195,990 |  |  | 560,814,066 |  | 80,555,900
Accumulated other comprehensive loss |  |  | (38,288,364 | ) |  | (37,478,167) |  | (5,383,402)
Accumulated deficit |  |  | (71,888,585 | ) |  | (200,151,065) |  | (28,749,902)
Total shareholders’ equity |  |  | 275,816,839 |  |  | 300,140,073 |  | 43,112,423
Total liabilities and shareholders’ equity |  |  | 277,802,733 |  |  | 304,058,413 |  | 43,675,257
Condensed Statements of Comprehensive Income (Loss)
|  | Nine months ended December 31 |  |  | Twelve months ended December 31 |  |  | Twelve months ended December 31
|  | 2017 |  |  | 2018 |  |  | 2019 |  | 2019
|  | RMB |  |  | RMB |  |  | RMB |  | USD
Operating expenses |  |  | (14,273,099 | ) |  |  | (4,963,891 | ) |  | (6,928,823) |  | (995,263)
Provision for loan receivable |  |  | — |  |  |  | — |  |  | (11,843,167) |  | (1,701,164)
Investment income (loss) |  |  | 40,802,611 |  |  |  | 852,782,280 |  |  | (110,881,674) |  | (15,927,156)
Interest expense |  |  | (52,074 | ) |  |  | (446 | ) |  | — |  | —
Interest income |  |  | 15,394 |  |  |  | 1,306,567 |  |  | 1,391,183 |  | 199,831
Foreign currency exchange gains (losses), net |  |  | (607,927 | ) |  |  | (284,138 | ) |  | 1 |  | —
Earnings (loss) before income taxes |  |  | 25,884,905 |  |  |  | 848,840,372 |  |  | (128,262,480) |  | (18,423,752)
Income tax expense |  |  | — |  |  |  | — |  |  | — |  | —
Net income (loss) |  |  | 25,884,905 |  |  |  | 848,840,372 |  |  | (128,262,480) |  | (18,423,752)
Other comprehensive income (loss) |  |  | (1,781,184 | ) |  |  | (11,437,409 | ) |  | 810,197 |  | 116,378
Comprehensive income (loss) |  |  | 24,103,721 |  |  |  | 837,402,963 |  |  | (127,452,283) |  | (18,307,374)
Condensed Statements of Cash Flows
|  | Nine months ended December 31 |  |  | Twelve months ended December 31 |  |  | Twelve months ended December 31
|  | 2017 |  |  | 2018 |  |  | 2019 |  | 2019
|  | RMB |  |  | RMB |  |  | RMB |  | USD
Net cash used in operating activities |  |  | (5,003,772 | ) |  |  | (29,996,291 | ) |  | (4,797,830) |  | (689,165)
Cash flows from investing activities : |  |  |  |  |  |  |  |  |  |  |  |
Cash received from subsidiaries |  |  | 73,178,416 |  |  |  | 1,001,941,215 |  |  | — |  | —
Loan lent to Beijing Biztour |  |  | — |  |  |  | (13,745,856 | ) |  | — |  | —
Proceeds from disposal of discontinued operations |  |  | — |  |  |  | — |  |  | 4,894,197 |  | 703,007
Net cash provided by investing activities |  |  | 73,178,416 |  |  |  | 988,195,359 |  |  | 4,894,197 |  | 703,007
Cash flows from financing activities : |  |  |  |  |  |  |  |  |  |  |  |
Private placement |  |  | — |  |  |  | — |  |  | 61,693,192 |  | 8,861,673
Cash received for exercise of share options |  |  | — |  |  |  | 1,433,441 |  |  | — |  | —
Special cash dividend |  |  | (65,698,571 | ) |  |  | (946,611,803 | ) |  | — |  | —
Net cash used in financing activities |  |  | (65,698,571 | ) |  |  | (945,178,362 | ) |  | 61,693,192 |  | 8,861,673
Effect of foreign exchange rate changes on cash |  |  | (1,173,526 | ) |  |  | 568,046 |  |  | 810,196 |  | 116,377
Net increase in cash |  |  | 1,302,547 |  |  |  | 13,588,752 |  |  | 62,599,755 |  | 8,991,892
Cash at beginning of period |  |  | 505,082 |  |  |  | 1,807,629 |  |  | 15,396,381 |  | 2,211,552
Cash at end of period |  |  | 1,807,629 |  |  |  | 15,396,381 |  |  | 77,996,136 |  | 11,203,444

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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