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ATA Creativity Global (NASDAQ: AACG) is a Beijing-based educational services company specializing in creative arts education and assessment for students in China. The company provides portfolio preparation, art instruction, and test preparation services for students pursuing admission to art and design programs.
News coverage for ATA Creativity Global typically focuses on quarterly and annual financial results, reflecting the company's performance in China's competitive education market. As a NASDAQ-listed foreign private issuer, the company releases earnings reports that detail enrollment trends, revenue from educational programs, and operational developments at its learning centers across major Chinese cities.
Investors following AACG news can expect coverage of regulatory compliance matters, as the company must meet both U.S. securities requirements and Chinese education sector regulations. Corporate governance announcements, including annual general meeting results and board decisions, are regularly reported. The company's stock exchange compliance status occasionally generates news when listing requirements come into focus.
Strategic developments in the creative arts education space, partnerships with educational institutions, and expansion of learning center locations may also be covered. Given the company's position in China's education sector, broader policy changes affecting private tutoring and supplementary education can impact AACG and generate related news coverage.
Bookmark this page to follow ATA Creativity Global's business developments, financial disclosures, and corporate announcements as they are released.
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.
ATA Creativity Global (Nasdaq: AACG) will release its financial results for the fourth quarter and year ending December 31, 2022, after market close on March 30, 2023. The announcement will include a conference call at 9 p.m. ET, where management will discuss the results and take questions from investors.
A webcast of the call will be accessible online, and an accompanying slide presentation will be available prior to the event. For those unable to attend live, a replay will be provided on the company's investor relations webpage.
ATA Creativity Global (AACG) reported preliminary financial results for Q3 2022, with net revenues of RMB52.1 million (US$7.3 million), a decrease from RMB55.3 million in the previous year. Student enrollment declined to 1,106 from 1,220, and credit hours delivered fell to 36,031 from 44,640 due to COVID-19 lockdowns impacting training services. The net loss narrowed to RMB12.0 million (US$1.7 million) compared to RMB26.2 million last year. Cash and cash equivalents stood at RMB59.9 million (US$8.4 million) as of September 30, 2022. The company continues to innovate with new programs despite the challenging environment.
ATA Creativity Global (AACG), an international educational services company, will announce its third quarter and nine months financial results for 2022 on November 30, 2022, after market close. A conference call will follow at 8 p.m. ET, providing details and insights into the company's performance. Participants can join via dial-in or online webcast, with a replay available afterward. ATA Creativity Global specializes in creative learning experiences, portfolio training, and overseas study counseling.
ATA Creativity Global (AACG) released preliminary financial results for Q2 and H1 2022, revealing a net revenue drop to RMB34.0 million (US$5.1 million) from RMB36.8 million the previous year, attributed to COVID-19 lockdowns in major cities. Student enrollment fell slightly to 1,018 from 1,051, with significant declines in credit hours delivered. The company reported a net loss of RMB22.1 million (US$3.3 million), contrasting with a net income of RMB14.1 million last year. Cash reserves stood at RMB60.5 million (US$9.0 million) as of June 30, 2022.
ATA Creativity Global (AACG) reported preliminary financial results for Q1 2022, showing a 12.1% revenue increase to RMB42.1 million ($6.6 million) compared to RMB37.6 million in Q1 2021. Student enrollment rose by 3.4% to 997, with 27,494 credit hours delivered. The net loss improved to RMB15.9 million ($2.5 million) from RMB19.0 million year-over-year. Gross profit grew by 29.6%, leading to a gross margin of 45.7%. As of March 31, 2022, ACG held RMB62.4 million ($9.8 million) in cash. The company remains optimistic about its recovery amid ongoing COVID-19 challenges.
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