ATA Creativity Global Balance Sheet

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
Cash & Equivalents	85.24	36.52	60.17	54.98	71.34
Cash & Short-Term Investments	85.24	36.52	60.17	54.98	71.34
Cash Growth	133.37%	-39.30%	9.43%	-22.93%	-36.71%
Accounts Receivable	0.3	2.71	2.24	5.85	0.94
Other Receivables	-	14.34	1.65	0.02	0.13
Receivables	0.3	17.05	3.89	5.87	1.07
Prepaid Expenses	25.83	1.78	0.75	0.66	0.39
Other Current Assets	-	11.28	5.64	3.76	2.61
Total Current Assets	111.37	66.64	70.44	65.26	75.41
Property, Plant & Equipment	62.78	74.61	53.63	70.38	78.92
Long-Term Investments	-	38	38	38	38
Goodwill	162.38	196.29	196.29	196.29	194.75
Other Intangible Assets	32.48	46.24	58.89	76.12	93.35
Other Long-Term Assets	39.29	35.16	31.69	28.42	26.74
Total Assets	408.3	456.93	448.94	474.46	507.18
Accrued Expenses	56.49	22.42	21	26.45	24.76
Short-Term Debt	1	-	-	-	-
Current Portion of Leases	15.3	18.09	13.11	16.92	17.35
Current Income Taxes Payable	-	-	0	0.01	0.02
Current Unearned Revenue	271.78	280.04	252.15	219.72	202.45
Other Current Liabilities	-	33.95	28.14	29.44	23.4
Total Current Liabilities	344.58	354.5	314.4	292.54	267.98
Long-Term Debt	15.03	-	-	-	-
Long-Term Leases	14.62	17.12	9.5	19.53	23.37
Long-Term Deferred Tax Liabilities	2.09	5.66	12.07	18.88	24.93
Total Liabilities	376.32	377.28	335.97	330.95	316.28
Common Stock	4.78	4.76	4.73	4.72	4.72
Additional Paid-In Capital	548.77	547.92	545.22	542.06	540.58
Retained Earnings	-475.85	-427.81	-391.71	-358.05	-310.16
Treasury Stock	-8.2	-8.2	-8.2	-8.63	-9.82
Comprehensive Income & Other	-37.45	-36.95	-37	-37	-37.56
Total Common Equity	32.05	79.71	113.04	143.1	187.77
Minority Interest	-0.06	-0.06	-0.06	0.41	3.13
Shareholders' Equity	31.98	79.65	112.97	143.51	190.9
Total Liabilities & Equity	408.3	456.93	448.94	474.46	507.18
Total Debt	45.95	35.21	22.61	36.45	40.72
Net Cash (Debt)	39.28	1.32	37.56	18.53	30.62
Net Cash Growth	2881.64%	-96.49%	102.69%	-39.48%	-52.85%
Net Cash Per Share	1.24	0.04	1.20	0.59	0.98
Filing Date Shares Outstanding	31.4	31.66	31.46	31.44	31.5
Total Common Shares Outstanding	31.4	31.28	31.46	31.47	31.55
Working Capital	-233.21	-287.86	-243.96	-227.28	-192.57
Book Value Per Share	1.02	2.55	3.59	4.55	5.95
Tangible Book Value	-162.82	-162.82	-142.14	-129.31	-100.34
Tangible Book Value Per Share	-5.19	-5.20	-4.52	-4.11	-3.18
Buildings	-	53.05	53.05	53.05	53.05
Machinery	-	9.29	5.89	5.93	6.07
Leasehold Improvements	-	12.43	5.56	8.48	8.61

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