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ATA Creativity Global reports developments for an international education services company whose Nasdaq-listed ADSs trade under AACG. The company offers portfolio training, research-based learning services, overseas study counselling and other education services through a training center network.
Recurring news includes quarterly and annual financial results, operational updates on portfolio training programs, annual Form 20-F availability, ADS financing activity, and shareholder meeting outcomes. Governance items include board and committee matters, auditor appointments, proxy votes, and other corporate actions affecting the company’s ADS holders and common shares.
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ATA Creativity Global (AACG), an international education services company, has filed its annual report on Form 20-F for the year ended December 31, 2022, with the U.S. SEC. The report can be accessed on the Company's investor relations website. ACG is focused on delivering quality educational experiences that foster creativity in students, offering services like portfolio training and overseas study counseling. Shareholders can request a hard copy of the annual report free of charge through IR representatives or email.
ATA Creativity Global (AACG) reported preliminary financial results for the fourth quarter and fiscal year 2022. Net revenues rose 8.2% in Q4 to RMB78.5 million (US$11.4 million) and increased 2.3% for the fiscal year to RMB206.8 million (US$30.0 million). Despite these gains, the company reported a net loss of RMB47.9 million (US$6.9 million) for the fiscal year, widened from a loss of RMB33.6 million the prior year. Q4 gross profit was RMB47.6 million, with a 60.6% gross margin. Student enrollment decreased to 908 from 1,052, impacted by COVID-19 lockdowns. The company aims for ongoing expansion and enhanced offerings in 2023.