| ATA Creativity Global (“Parent Company”) |
|
(28) |
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 |
|