v3.20.1

ATA Creativity Global (“Parent Company”) (Tables) | 12 Months Ended
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Dec. 31, 2019
Schedule of Consolidated Income Statement | The consolidated financial statements for the nine-month period ended December 31, 2017 is not comparable to that as of and for the twelve months ended December 31, 2018. For comparison purposes, the Group included the selected data from unaudited consolidated income statement for the twelve-month period ended December 31, 2017 per below:
|  | Twelve months ended December 31, |
|  | 2017 |  |  | 2018 |
|  | RMB |  |  | RMB |
Net revenues |  |  | 7,389,371 |  |  |  | 1,338,592 |
Cost of revenues |  |  | 4,957,647 |  |  |  | 4,251,451 |
Gross profit (loss) |  |  | 2,431,724 |  |  |  | (2,912,859 | )
Operating expenses |  |  | 74,104,081 |  |  |  | 68,672,509 |
Other operating income, net |  |  | — |  |  |  | 3,793,418 |
Loss from operations |  |  | (71,672,357 | ) |  |  | (67,791,950 | )
Other loss, net |  |  | (16,427,003 | ) |  |  | (261,524 | )
Loss from continuing operations before income taxes |  |  | (88,099,360 | ) |  |  | (68,053,474 | )
Income tax benefit |  |  | (591,290 | ) |  |  | — |
Loss from continuing operations, net of income taxes |  |  | (87,508,070 | ) |  |  | (68,053,474 | )
Income from discontinued operations, net of income taxes |  |  | 61,431,845 |  |  |  | 918,654,979 |
Net income (loss) |  |  | (26,076,225 | ) |  |  | 850,601,505 |
ATA Creativity Global |
Schedule of Condensed Balance Sheets | 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
Schedule of Consolidated Income Statement | 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)
Schedule of Condensed Statements of Cash Flows | 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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