ATA Creativity Global (AACG)

ATA Creativity Global Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	221.62	206.82	202.21	162.17	97.77
Revenue Growth (YoY)	7.16%	2.28%	24.69%	65.87%	7203.96%
Cost of Revenue	106.96	104.32	97.41	98.52	61.91
Gross Profit	114.66	102.51	104.8	63.65	35.86
Selling, General & Admin	151.55	152.32	159.41	153.6	116.04
Research & Development	4.63	6.79	11.8	8.83	11.82
Other Operating Expenses	-0.03	-0.02	-0.02	8.69	25.78
Operating Expenses	156.15	159.09	171.19	171.12	153.63
Operating Income	-41.5	-56.59	-66.39	-107.48	-117.77
Interest Expense / Income	-0.98	-0.76	-1.11	-1.17	-3.28
Other Expense / Income	-0.05	-2.02	-30.09	-3.84	14.91
Pretax Income	-40.47	-53.81	-35.19	-102.47	-129.4
Income Tax	-6.81	-5.92	-1.54	-10.27	-7.15
Net Income	-33.66	-47.89	-33.65	-92.2	-122.25
Shares Outstanding (Basic)	63	63	63	63	48
Shares Change	-0.00%	-0.09%	-0.24%	33.34%	-0.34%
EPS (Basic)	-1.08	-1.52	-1.14	-3.14	-5.04
EPS (Diluted)	-1.08	-1.52	-1.14	-3.14	-5.04
Free Cash Flow	6.53	-16.23	-36.26	-32.75	-59.16
Free Cash Flow Per Share	0.21	-0.51	-1.15	-1.03	-2.49
Gross Margin	51.74%	49.56%	51.83%	39.25%	36.67%
Operating Margin	-18.72%	-27.36%	-32.83%	-66.28%	-120.46%
Profit Margin	-15.19%	-23.16%	-16.64%	-56.85%	-125.04%
Free Cash Flow Margin	2.94%	-7.85%	-17.93%	-20.19%	-60.51%
EBITDA	-19.47	-31.98	-13.27	-73.72	-115.14
EBITDA Margin	-8.78%	-15.46%	-6.56%	-45.46%	-117.77%
Depreciation & Amortization	21.98	22.59	23.03	29.91	17.55
EBIT	-41.45	-54.57	-36.3	-103.64	-132.68
EBIT Margin	-18.70%	-26.39%	-17.95%	-63.91%	-135.71%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).