$AACG

ATA Inc.

CIK:0001420529|SEC Filings

Consolidated Statements of Comprehensive Income (Loss)	12 Months Ended
Consolidated Statements of Comprehensive Income (Loss)	Dec. 31, 2025 CNY (¥) ¥ / shares	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2024 CNY (¥) ¥ / shares	Dec. 31, 2023 CNY (¥) ¥ / shares
Consolidated Statements of Comprehensive Income (Loss)
Net revenues	¥ 268,112,876	$ 38,339,631	¥ 268,060,162	¥ 221,618,968
Cost of revenues	137,801,526	19,705,356	126,795,209	106,961,759
Gross profit	130,311,350	18,634,275	141,264,953	114,657,209
Operating expenses:
Research and development	3,071,659	439,241	3,703,178	4,629,880
Sales and marketing	82,631,826	11,816,194	99,892,804	78,737,492
General and administrative	78,767,406	11,263,589	80,888,058	72,816,606
Goodwill impairment	33,908,719	4,848,882	0	0
Reversal of provision for loan receivable and other receivables	(3,781,662)	(540,770)
Total operating expenses	194,597,948	27,827,136	184,484,040	156,183,978
Other operating income, net	175,898	25,153	174,931	30,865
Loss from operations	(64,110,700)	(9,167,708)	(43,044,156)	(41,495,904)
Other income (loss):
Gain (loss) on deconsolidation of subsidiaries and others, net	11,880,702	1,698,918	(438,153)
Interest income, net of interest expenses	623,673	89,185	1,001,735	978,530
Foreign currency exchange losses, net	(19,401)	(2,774)	(18,989)	(4,876)
Total other income, net	12,484,974	1,785,329	544,593	973,654
Loss before income taxes	(51,625,726)	(7,382,379)	(42,499,563)	(40,522,250)
Income tax benefit	(3,578,203)	(511,676)	(6,401,691)	(6,811,709)
Net loss	(48,047,523)	(6,870,703)	(36,097,872)	(33,710,541)
Net loss attributable to non-redeemable non-controlling interests	(29)	(4)	(95)	(50,296)
Net loss attributable to ATA Creativity Global	(48,047,494)	(6,870,699)	(36,097,777)	(33,660,245)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of nil income tax	(494,631)	(70,731)	52,324	(1,422)
Total other comprehensive income (loss)	(494,631)	(70,731)	52,324	(1,422)
Comprehensive loss	(48,542,154)	(6,941,434)	(36,045,548)	(33,711,963)
Comprehensive loss attributable to non-redeemable non-controlling interests	(29)	(4)	(95)	(50,296)
Comprehensive loss attributable to ATA Creativity Global	¥ (48,542,125)	$ (6,941,430)	¥ (36,045,453)	¥ (33,661,667)
Basic losses per common share attributable to ATA Creativity Global \| (per share)	¥ (0.76)	$ (0.11)	¥ (0.57)	¥ (0.54)
Diluted losses per common share attributable to ATA Creativity Global \| (per share)	¥ (0.76)	$ (0.11)	¥ (0.57)	¥ (0.54)

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Cash flows from operating activities:
Net loss	¥ (48,047,523)	$ (6,870,703)	¥ (36,097,872)	¥ (33,710,541)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain from disposal of long-term investments	(11,932,631)	(1,706,344)
Provision for credit loss	1,696,285	242,566
Depreciation and amortization	21,498,886	3,074,300	24,226,472	21,984,382
Loss (gain) from disposal of property and equipment	45,422	6,495	(60,983)	893
Share-based compensation	569,708	81,467	2,811,732	3,068,041
Deferred income tax benefit	(3,578,203)	(511,676)	(6,401,691)	(6,812,790)
Loss on deconsolidation of subsidiaries and others, net	51,929	7,426	438,153
Impairment loss of goodwill	33,908,719	4,848,882	0	0
Gain from acquisition of a subsidiary				(4,018)
Foreign currency exchange gain (loss)	503	72	(3)	7
Accounts receivable	2,414,468	345,264	(477,355)	3,616,548
Prepaid expenses and other current assets	508,907	72,773	(19,823,403)	(2,386,561)
Other non-current assets	(4,184,104)	(598,318)	(3,464,724)	(3,275,623)
Income tax payable			(1,081)	(13,753)
Accrued expenses and other payables	(536,237)	(76,681)	7,397,566	(7,139,011)
Deferred revenues	(8,254,899)	(1,180,435)	28,108,019	33,423,899
Net cash provided by (used in) operating activities	(15,838,770)	(2,264,912)	(3,345,170)	8,751,473
Cash flows from investing activities:
Purchase of property and equipment	(1,281,220)	(183,212)	(20,024,903)	(2,240,101)
Proceeds from disposal of property and equipment disposal	53,819	7,696	56,050	14,850
Cash paid for liabilities assumed in relation to acquisition of Youru (Note 3)			(198,333)	(1,023,859)
Payment for acquisition of a subsidiary, less cash acquired				(417,376)
Proceeds from deconsolidation of subsidiaries and others, less cash disposed	49,932,631	7,140,271	(89,543)
Cash paid for acquisition of non-redeemable non-controlling interests				(300,000)
Net cash (used in) provided by investing activities	48,705,230	6,964,755	(20,256,729)	(3,966,486)
Cash flows from financing activities:
Cash paid for employee individual income tax for net- settlement of vested shares	(57,580)	(8,234)	(93,699)	(68,326)
Proceeds from term loan	37,063,829	5,300,057
Repayment of term loan	(21,031,929)	(3,007,526)
Cash received for exercise of share options	366,694	52,437		471,765
Net cash provided by (used in) financing activities	16,341,014	2,336,734	(93,699)	403,439
Effect of foreign exchange rate changes on cash and cash equivalents	(495,182)	(70,811)	52,361	(1,393)
Net increase (decrease) in cash and cash equivalents	48,712,293	6,965,766	(23,643,237)	5,187,033
Cash and cash equivalents at beginning of year	36,523,995	5,222,862	60,167,232	54,980,199
Cash and cash equivalents at end of year	85,236,288	12,188,627	36,523,995	60,167,232
Supplemental disclosures of cash flow information:
Cash paid for income tax				20,427
Cash refunded for income tax			(4)	(211)
Cash paid for interest expenses	(398,582)	(56,996)
Cash paid for amounts included in measurement of operating leases liabilities	19,972,601	2,856,044	19,728,002	18,077,004
Lease liability arising from obtaining Right-of-use assets	21,078,085	3,014,126	26,936,993	1,709,583
Non-cash investing and financing activities:
Consideration payable for acquisition of Youru (Note 3)				198,333
Disposal of net liabilities of subsidiaries, excluding cash	5,247,184	750,337	(348,610)
Lease liability arising from obtaining Right-of-use assets	¥ 21,078,085	$ 3,014,126	¥ 26,936,993	¥ 1,709,583

Consolidated Balance Sheets	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
Current assets:
Cash and cash equivalents	¥ 85,236,288	$ 12,188,627	¥ 36,523,995
Accounts receivable, net	298,377	42,667	2,712,845
Prepaid expenses and other current assets	25,832,459	3,693,993	27,402,834
Total current assets	111,367,124	15,925,287	66,639,674
Long-term investments			38,000,000
Property and equipment, net	32,139,682	4,595,913	38,669,283
Intangible assets, net	32,482,513	4,644,938	46,264,914
Goodwill	162,380,773	23,220,142	196,289,492
Other non-current assets	39,288,983	5,618,250	35,156,141
Right-of-use assets	30,638,920	4,381,307	35,907,761
Total assets	408,297,995	58,385,837	456,927,265
Current liabilities:
Accrued expenses and other payables (including accrued expenses and other payables of the consolidated VIE without recourse to the Company of RMB117,920 and RMB62,496 as of December 31, 2024 and 2025, respectively)	56,493,791	8,078,505	56,372,960
Short-term loan	1,000,000	142,998
Lease liabilities-current	15,303,799	2,188,414	18,085,643
Deferred revenues	271,781,907	38,864,296	280,036,806
Total current liabilities	344,579,497	49,274,213	354,495,409
Lease liabilities-non-current	14,617,119	2,090,220	17,120,842
Long-term loan	15,031,900	2,149,533
Deferred income tax liabilities	2,086,619	298,383	5,664,822
Total liabilities	376,315,135	53,812,349	377,281,073
Shareholders' equity:
Par value USD 0.01, authorized: 500,000,000 shares Issued: 64,581,140 and 64,497,800 shares as of December 31, 2024 and 2025, respectively Outstanding: 63,249,096 and 63,593,666 shares as of December 31, 2024 and 2025, respectively	4,780,117	683,548	4,755,623
Treasury shares-585,358 common shares as of December 31, 2024 and 2025, at cost	(8,201,046)	(1,172,734)	(8,201,046)
Additional paid-in capital	548,769,331	78,472,970	547,915,003
Accumulated other comprehensive loss	(37,446,814)	(5,354,823)	(36,952,183)
Accumulated deficit	(475,854,443)	(68,046,280)	(427,806,949)
Total shareholders' equity attributable to ATA Creativity Global	32,047,145	4,582,681	79,710,448
Non-controlling interests	(64,285)	(9,193)	(64,256)
Total shareholders' equity	31,982,860	4,573,488	79,646,192
Commitments and contingencies
Total liabilities and shareholders' equity	¥ 408,297,995	$ 58,385,837	¥ 456,927,265