ATA Creativity Global Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	268.11	268.06	221.62	206.82	202.21
Revenue Growth (YoY)	0.02%	20.95%	7.16%	2.28%	24.69%
Cost of Revenue	134.02	126.8	106.96	104.32	97.41
Gross Profit	134.09	141.26	114.66	102.51	104.8
Selling, General & Admin	161.4	180.78	151.55	152.32	159.41
Research & Development	3.07	3.7	4.63	6.79	11.8
Other Operating Expenses	-0.18	-0.17	-0.03	-0.02	-0.02
Operating Expenses	164.29	184.31	156.15	159.09	171.19
Operating Income	-30.2	-43.04	-41.5	-56.59	-66.39
Interest & Investment Income	12.5	1	0.98	0.76	1.11
Currency Exchange Gain (Loss)	-0.02	-0.02	-0	0.01	-0.21
EBT Excluding Unusual Items	-17.72	-42.06	-40.52	-55.82	-65.49
Impairment of Goodwill	-33.91	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-6
Gain (Loss) on Sale of Assets	-	-0.44	-	1.31	33.54
Pretax Income	-51.63	-42.5	-40.52	-54.52	-37.95
Income Tax Expense	-3.58	-6.4	-6.81	-5.92	-1.54
Earnings From Continuing Operations	-48.05	-36.1	-33.71	-48.59	-36.41
Net Income to Company	-48.05	-36.1	-33.71	-48.59	-36.41
Minority Interest in Earnings	0	0	0.05	0.7	2.76
Net Income	-48.05	-36.1	-33.66	-47.89	-33.65
Preferred Dividends & Other Adjustments	-	-	-	-	2.28
Net Income to Common	-48.05	-36.1	-33.66	-47.89	-35.93
Shares Outstanding (Basic)	32	31	31	31	31
Shares Outstanding (Diluted)	32	31	31	31	31
Shares Change (YoY)	0.39%	0.30%	0.06%	0.01%	0.14%
EPS (Basic)	-1.52	-1.15	-1.07	-1.53	-1.15
EPS (Diluted)	-1.52	-1.15	-1.08	-1.53	-1.15
Free Cash Flow	-	-23.37	6.51	-16.23	-36.29
Free Cash Flow Per Share	-	-0.74	0.21	-0.52	-1.16
Gross Margin	50.01%	52.70%	51.74%	49.56%	51.82%
Operating Margin	-11.27%	-16.06%	-18.72%	-27.36%	-32.83%
Profit Margin	-17.92%	-13.47%	-15.19%	-23.16%	-17.77%
Free Cash Flow Margin	-	-8.72%	2.94%	-7.85%	-17.94%
EBITDA	-4.93	-18.82	-19.51	-34	-43.36
EBITDA Margin	-1.84%	-7.02%	-8.80%	-16.44%	-21.45%
D&A For EBITDA	25.27	24.23	21.98	22.59	23.03
EBIT	-30.2	-43.04	-41.5	-56.59	-66.39
EBIT Margin	-11.27%	-16.06%	-18.72%	-27.36%	-32.83%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.