Ata Creativity Global Stock Price, News & Analysis

ATA Creativity Global (AACG), an international educational services firm, held its 2021 Annual General Meeting on December 3, 2021. Shareholders approved all proposals, including the re-election of Zhilei Tong as a Class A director and the reappointment of KPMG Huazhen LLP as the independent auditor for the fiscal year ending December 31, 2021. The meeting underscores the company's commitment to providing quality educational experiences and enhancing student creativity.

ATA Creativity Global (AACG) announced the opening of its ACG International Arts Foundation Program Center in Beijing as of September 5, 2021. This center provides a one-year accredited curriculum for students aiming to apply to international undergraduate art programs, serving as a substitute for the final year of high school in China. It has been approved by Pearson to offer BTEC diploma qualifications and international GCSEs. This initiative allows students to meet admissions requirements for arts colleges globally, emphasizing ACG's commitment to enhancing creative education.

ATA Creativity Global (AACG) reported preliminary unaudited financial results for Q3 and the first nine months of 2021. Q3 net revenues grew by 31% to RMB55.3 million (US$8.6 million) from RMB42.2 million in the previous year, driven by portfolio training and research-based services. However, net loss widened to RMB26.2 million (US$4.1 million) due to increased operating expenses. For nine months, revenues rose 28% to RMB129.6 million (US$20.1 million), while net loss improved to RMB31.1 million (US$4.8 million). As of September 30, 2021, cash and equivalents stood at RMB75.2 million (US$11.7 million).

ATA Creativity Global (AACG) will release its financial results for Q3 and the nine months ending September 30, 2021, on November 10, 2021, after the market close. The conference call discussing these results is scheduled for 8 p.m. ET on the same day. Interested investors can access the live webcast and accompanying slide presentation on ACG’s website. The company specializes in educational services designed to enhance creativity among students, offering a breadth of training and counseling services.

ATA Creativity Global (AACG) reported strong preliminary financial results for Q2 and H1 2021. Q2 net revenues soared 39.4% to RMB36.8 million ($5.7 million), driven by a rise in student enrollment to 1,051, up from 772 a year earlier. Net income for Q2 was RMB14.1 million ($2.2 million), compared to a loss of RMB32.1 million in the previous year. The company’s cash position was RMB91.4 million ($14.2 million). ACG expects continued growth by leveraging its core educational services and adapting to market changes post-pandemic.

ATA Creativity Global (AACG) will announce its financial results for Q2 and the first half of 2021 on August 12, 2021. A conference call is scheduled for 9 p.m. ET on the same day. ACG does not anticipate any material impact from recent PRC regulations aimed at reducing excessive homework and tutoring, as its business primarily focuses on creative education. The company's commitment to quality learning experiences remains strong.

ATA Creativity Global (AACG) announced preliminary financial results for Q1 2021, reporting net revenues of RMB37.6 million (US$5.7 million), a 15.0% increase from RMB32.7 million last year. Student enrollment rose significantly by 41.6% to 964, with portfolio training programs seeing 528 enrollments. Gross profit improved 27.4% to RMB14.9 million, raising gross margin to 39.6%. However, the net loss attributable to AACG decreased to RMB19.0 million (US$2.9 million) compared to RMB20.5 million in Q1 2020. Cash and cash equivalents stood at RMB95.6 million (US$14.6 million) as of March 31, 2021.

ATA Creativity Global (AACG) will release its financial results for Q1 2021 on May 13, 2021, after market close. A conference call is scheduled for 9 p.m. ET that same day to discuss the results. Interested participants can join via U.S. toll-free number, international dial-in, or local access in China and Hong Kong. A webcast will also be available for those who wish to listen online. The company focuses on enhancing students' creativity through various educational services including portfolio training and overseas study counselling.

ATA Creativity Global (AACG) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. This annual report is available on the Company's investor relations website. ACG will provide a hard copy of the report free of charge to shareholders upon request. The company focuses on delivering quality education services aimed at enhancing students' creativity.