ATA Creativity Global (NASDAQ: AACG) files Form 6-K with MD&A, interim results

Rhea-AI Filing Summary

ATA Creativity Global submitted a Form 6-K as a foreign private issuer for November 2025. The filing primarily furnishes two exhibits: management’s discussion and analysis of financial condition and results of operations and unaudited interim condensed consolidated financial statements for the nine months ended September 30, 2024 and 2025.

The company also states that these exhibits are incorporated by reference into its existing Form F-3 registration statement, meaning they become part of that shelf registration for disclosure purposes.

2025-09-300001420529--12-312025Q3false00014205292025-01-012025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMembersrt:ChiefExecutiveOfficerMember2025-01-012025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:BeijingZhenwuTechnologyDevelopmentCompanyLimitedMember2025-01-012025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:PresidentAndDirectorMember2020-08-122020-08-120001420529us-gaap:CommonStockMember2025-01-012025-09-300001420529us-gaap:CommonStockMember2024-01-012024-09-300001420529us-gaap:TreasuryStockCommonMember2025-09-300001420529us-gaap:RetainedEarningsMember2025-09-300001420529us-gaap:ParentMember2025-09-300001420529us-gaap:NoncontrollingInterestMember2025-09-300001420529us-gaap:AdditionalPaidInCapitalMember2025-09-300001420529us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-09-300001420529us-gaap:TreasuryStockCommonMember2024-12-310001420529us-gaap:RetainedEarningsMember2024-12-310001420529us-gaap:ParentMember2024-12-310001420529us-gaap:NoncontrollingInterestMember2024-12-310001420529us-gaap:AdditionalPaidInCapitalMember2024-12-310001420529us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001420529us-gaap:TreasuryStockCommonMember2024-09-300001420529us-gaap:RetainedEarningsMember2024-09-300001420529us-gaap:ParentMember2024-09-300001420529us-gaap:NoncontrollingInterestMember2024-09-300001420529us-gaap:AdditionalPaidInCapitalMember2024-09-300001420529us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-300001420529us-gaap:TreasuryStockCommonMember2023-12-310001420529us-gaap:RetainedEarningsMember2023-12-310001420529us-gaap:ParentMember2023-12-310001420529us-gaap:NoncontrollingInterestMember2023-12-310001420529us-gaap:AdditionalPaidInCapitalMember2023-12-310001420529us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001420529aacg:RangeTwoMember2025-01-012025-09-300001420529aacg:RangeThreeMember2025-01-012025-09-300001420529aacg:RangeSixMember2025-01-012025-09-300001420529aacg:RangeOneMember2025-01-012025-09-300001420529aacg:RangeFourMember2025-01-012025-09-300001420529aacg:RangeFiveMember2025-01-012025-09-300001420529aacg:RangeTwoMember2025-09-300001420529aacg:RangeThreeMember2025-09-300001420529aacg:RangeSixMember2025-09-300001420529aacg:RangeOneMember2025-09-300001420529aacg:RangeFourMember2025-09-300001420529aacg:RangeFiveMember2025-09-300001420529aacg:SecondTrancheEMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-152024-04-150001420529aacg:FirstTrancheEMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-152024-04-150001420529aacg:FirstTrancheDMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-04-152024-04-150001420529aacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-012024-04-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMember2024-04-012024-04-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMember2023-11-012023-11-300001420529srt:OfficerMember2022-02-012022-02-280001420529aacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2020-11-012020-11-300001420529aacg:CertainEmployeeAndOfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2020-11-012020-11-300001420529srt:OfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2019-01-012019-12-310001420529aacg:SecondTrancheEMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2025-04-012025-04-010001420529aacg:FourthTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2025-04-012025-04-010001420529aacg:FourthTrancheaMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2025-04-012025-04-010001420529aacg:FirstTrancheCMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2025-04-012025-04-010001420529aacg:FirstTrancheEMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-05-152024-05-150001420529aacg:ThirdTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-012024-04-010001420529aacg:ThirdTrancheaMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-012024-04-010001420529aacg:FourthTrancheMembersrt:OfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-04-012024-04-010001420529aacg:FirstTrancheCMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-04-012024-04-010001420529aacg:SecondTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2023-04-012023-04-010001420529aacg:SecondTrancheBMemberaacg:CertainEmployeeAndOfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2023-04-012023-04-010001420529aacg:FirstTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2022-06-302022-06-300001420529aacg:FirstTrancheAMemberaacg:CertainEmployeeAndOfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2022-06-302022-06-300001420529aacg:FourthTrancheaMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-152024-04-150001420529aacg:FourthTrancheMembersrt:OfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-03-192024-03-190001420529aacg:ThirdTrancheMembersrt:OfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2023-05-052023-05-050001420529aacg:ThirdTrancheaMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2023-04-152023-04-150001420529aacg:SecondTrancheAMemberaacg:CertainEmployeeAndOfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2022-04-152022-04-150001420529aacg:SecondTrancheMembersrt:OfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2022-03-152022-03-150001420529aacg:FirstTrancheAMemberaacg:CertainEmployeeAndOfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2021-04-152021-04-150001420529aacg:FirstTrancheMembersrt:OfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2020-03-252020-03-250001420529aacg:EmployeesAndOfficersMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2019-01-012019-01-310001420529aacg:EmployeeMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2018-11-012018-11-300001420529aacg:ShareIncentivePlan2008Member2016-12-300001420529aacg:ShareIncentivePlan2008Member2008-01-070001420529aacg:ShareBasedPaymentArrangementAwardDateTrancheTwoMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2025-01-012025-09-300001420529aacg:ShareBasedPaymentArrangementAwardDateTrancheOneMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2025-01-012025-09-300001420529aacg:ShareBasedPaymentArrangementAwardDateTrancheTwoMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-01-012024-12-310001420529aacg:ShareBasedPaymentArrangementAwardDateTrancheThreeMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-01-012024-12-310001420529aacg:ShareBasedPaymentArrangementAwardDateTrancheOneMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-01-012024-12-310001420529aacg:ShareBasedPaymentArrangementAwardDateTrancheFourMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-01-012024-12-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberaacg:ShareIncentivePlan2008Member2025-01-012025-09-300001420529aacg:ShareIncentivePlan2008Member2016-12-302016-12-300001420529aacg:ShareIncentivePlan2008Member2008-01-072008-01-070001420529us-gaap:RestrictedStockMember2024-12-310001420529aacg:SecondTrancheCMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2025-04-012025-04-010001420529aacg:FourthTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2024-04-152024-04-150001420529aacg:SecondTrancheCMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2024-04-152024-04-150001420529aacg:FirstTrancheCMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2023-11-012023-11-010001420529aacg:ThirdTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2023-04-152023-04-150001420529aacg:SecondTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2022-04-152022-04-150001420529aacg:FirstTrancheBMemberaacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2021-04-152021-04-150001420529us-gaap:RestrictedStockMemberaacg:ShareIncentivePlan2008Memberus-gaap:ShareBasedCompensationAwardTrancheThreeMember2025-01-012025-09-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberaacg:ShareIncentivePlan2008Memberus-gaap:ShareBasedCompensationAwardTrancheOneMember2025-01-012025-09-3000014205292022-02-012022-02-280001420529aacg:EmployeesAndOfficersMemberus-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMember2017-01-012017-01-310001420529aacg:CertainEmployeeAndOfficerMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2018-11-012018-11-300001420529aacg:EmployeesAndOfficersMemberus-gaap:RestrictedStockMember2017-01-012017-01-310001420529aacg:EmployeesAndOfficersMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2018-12-012018-12-310001420529aacg:AtaOnlineBeijingEducationTechnologyLimitedMember2018-01-012018-12-3100014205292018-01-012018-12-310001420529us-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-01-012025-09-300001420529aacg:ResearchBasedLearningServicesMember2025-01-012025-09-300001420529aacg:PortfolioTrainingServiceMember2025-01-012025-09-300001420529aacg:OverseasStudyCounsellingServicesMember2025-01-012025-09-300001420529aacg:OtherEducationalServicesMember2025-01-012025-09-300001420529aacg:ResearchBasedLearningServicesMember2024-01-012024-09-300001420529aacg:PortfolioTrainingServiceMember2024-01-012024-09-300001420529aacg:OverseasStudyCounsellingServicesMember2024-01-012024-09-300001420529aacg:OtherEducationalServicesMember2024-01-012024-09-300001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:GeneralCounselMember2020-08-172020-08-170001420529aacg:AtaLearningIncMemberaacg:RelatedPartyTransactionPurchaseOfOutsourcingServicesFromAffiliateEntityMember2024-01-012024-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfSystemDevelopmentAndDataServicesMember2024-01-012024-12-310001420529aacg:AtaLearningIncMemberaacg:RelatedPartyTransactionPurchaseOfVideoServicesFromAffiliateEntityMember2023-01-012023-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfSystemDevelopmentAndDataServicesMember2023-01-012023-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfOfficeSharingServiceMember2023-01-012023-12-310001420529aacg:AtaLearningIncMemberaacg:RelatedPartyTransactionPurchaseOfVideoServicesFromAffiliateEntityMember2022-01-012022-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfSystemDevelopmentAndDataServicesMember2022-01-012022-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfOfficeSharingServiceMember2022-01-012022-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfOfficeSharingServiceMember2021-01-012021-12-310001420529srt:MinimumMemberus-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-09-300001420529srt:MinimumMemberus-gaap:ComputerEquipmentMember2025-09-300001420529srt:MinimumMemberaacg:FurnitureFixturesAndOfficeEquipmentMember2025-09-300001420529srt:MaximumMemberus-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-09-300001420529srt:MaximumMemberus-gaap:ComputerEquipmentMember2025-09-300001420529srt:MaximumMemberaacg:FurnitureFixturesAndOfficeEquipmentMember2025-09-300001420529us-gaap:VehiclesMember2025-09-300001420529us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-09-300001420529us-gaap:LeaseholdImprovementsMember2025-09-300001420529us-gaap:ComputerEquipmentMember2025-09-300001420529us-gaap:BuildingMember2025-09-300001420529aacg:FurnitureFixturesAndOfficeEquipmentMember2025-09-300001420529us-gaap:VehiclesMember2024-12-310001420529us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2024-12-310001420529us-gaap:LeaseholdImprovementsMember2024-12-310001420529us-gaap:ComputerEquipmentMember2024-12-310001420529us-gaap:BuildingMember2024-12-310001420529aacg:FurnitureFixturesAndOfficeEquipmentMember2024-12-310001420529aacg:ATAOnlineSaleTransactionMember2020-03-012020-03-310001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:PresidentAndDirectorMember2020-08-172020-08-170001420529us-gaap:PrivatePlacementMember2020-04-102020-04-100001420529us-gaap:PrivatePlacementMember2019-12-242019-12-240001420529us-gaap:PrivatePlacementMember2019-01-012019-12-310001420529aacg:BeijingXiaozhiEducationTechnologyCoLtdMember2019-01-012019-01-310001420529aacg:ApplysquareEducationTechnologyCoLtdMember2018-01-012018-12-310001420529aacg:AmericanDepositarySharesMember2020-01-012020-12-310001420529aacg:BeijingShouyirenNetworkTechnologyCo.LtdMember2025-09-300001420529aacg:BeijingKamoIntelligentHealthManagementCo.LtdMember2025-09-300001420529aacg:BeijingHuimeiLifeHealthTechnologyCo.LtdMember2025-09-300001420529aacg:BeijingShouyirenNetworkTechnologyCo.LtdMember2024-12-310001420529aacg:BeijingKamoIntelligentHealthManagementCo.LtdMember2024-12-310001420529aacg:BeijingHuimeiLifeHealthTechnologyCo.LtdMember2024-12-310001420529us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-09-300001420529us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-09-3000014205292024-01-012024-12-3100014205292023-01-012023-12-3100014205292022-01-012022-12-310001420529us-gaap:RetainedEarningsMember2025-01-012025-09-300001420529us-gaap:NoncontrollingInterestMember2025-01-012025-09-300001420529us-gaap:RetainedEarningsMember2024-01-012024-09-300001420529us-gaap:NoncontrollingInterestMember2024-01-012024-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMembersrt:ConsolidationEliminationsMember2025-01-012025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMember2025-01-012025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMembersrt:ConsolidationEliminationsMember2024-01-012024-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMember2024-01-012024-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:Mr.MaMembersrt:MinimumMembersrt:ChiefExecutiveOfficerMember2025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:Mr.MaMembersrt:MinimumMembersrt:ChiefExecutiveOfficerMember2024-09-300001420529aacg:DynamicFameLimitedMembersrt:ChiefExecutiveOfficerMemberaacg:ATAOnlineSaleTransactionMember2020-03-012020-03-310001420529aacg:AlphaAdvantageGlobalLimitedMembersrt:ChiefExecutiveOfficerMemberaacg:ATAOnlineSaleTransactionMember2020-03-012020-03-310001420529aacg:AlphaAdvantageGlobalLimitedAndDynamicFameLimitedMemberaacg:ATAOnlineSaleTransactionMember2020-03-012020-03-310001420529aacg:HuanqiuyimengMember2031-12-012031-12-310001420529aacg:AtaLearningBeijingMember2021-08-012021-08-310001420529country:HK2025-01-012025-09-300001420529country:HK2024-01-012024-12-3100014205292020-08-312020-08-310001420529aacg:YouruMember2022-09-012022-09-300001420529aacg:OverseasArtStudyServicesMember2025-09-300001420529aacg:OtherEducationalServicesMember2025-09-300001420529aacg:OverseasArtStudyServicesMember2024-12-310001420529aacg:OtherEducationalServicesMember2024-12-310001420529us-gaap:TrademarksMember2025-09-300001420529us-gaap:NoncompeteAgreementsMember2025-09-300001420529us-gaap:TrademarksMember2024-12-310001420529us-gaap:NoncompeteAgreementsMember2024-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMember2019-12-310001420529aacg:EEOGroupMember2024-12-310001420529aacg:BeijingXiaozhiEducationTechnologyCoLtdMember2021-12-310001420529aacg:BeijingFutouTechnologyCoLtdMember2020-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMember2020-12-310001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-07-012022-07-010001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-01-012022-12-310001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMembersrt:ConsolidationEliminationsMemberaacg:HuanqiuyimengMember2025-09-300001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMembersrt:ConsolidationEliminationsMemberaacg:HuanqiuyimengMember2024-12-310001420529aacg:BeijingXiaozhiEducationTechnologyCoLtdMember2021-01-012021-12-310001420529aacg:BeijingFutouTechnologyCoLtdMemberaacg:HuanqiuyimengMember2020-01-012020-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMember2020-01-012020-12-310001420529us-gaap:RestrictedStockMember2025-09-300001420529country:CN2008-01-012008-01-010001420529us-gaap:CommonStockMember2025-01-012025-09-300001420529dei:AdrMember2025-01-012025-09-300001420529us-gaap:CommonStockMember2024-01-012024-09-300001420529dei:AdrMember2024-01-012024-09-300001420529us-gaap:SellingAndMarketingExpenseMember2025-01-012025-09-300001420529us-gaap:ResearchAndDevelopmentExpenseMember2025-01-012025-09-300001420529us-gaap:CostOfSalesMember2025-01-012025-09-300001420529us-gaap:SellingAndMarketingExpenseMember2024-01-012024-09-300001420529us-gaap:ResearchAndDevelopmentExpenseMember2024-01-012024-09-300001420529us-gaap:CostOfSalesMember2024-01-012024-09-300001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMember2025-01-012025-09-300001420529us-gaap:CommercialLoanMember2024-11-012024-11-300001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-10-012022-10-310001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-09-302022-09-300001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMember2025-09-300001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:LoanAgreementOnMarch192019Member2019-12-310001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMember2019-03-190001420529aacg:EquityHoldersOfATAIntelligentLearningBeijingTechnologyLimitedOneMemberaacg:LoanAgreementOnDecember282018Member2018-12-280001420529aacg:EquityHoldersOfAtaIntelligentLearningBeijingTechnologyLimitedMember2018-03-310001420529aacg:EquityHoldersOfATAIntelligentLearningBeijingTechnologyLimitedOneMemberaacg:LoanAgreementOnMarch152018Member2018-03-150001420529aacg:OverseasArtStudyServicesMember2025-01-012025-09-300001420529aacg:OtherEducationalServicesMember2025-01-012025-09-300001420529us-gaap:AllOtherSegmentsMember2024-01-012024-09-300001420529aacg:OverseasArtStudyServicesMember2024-01-012024-09-300001420529aacg:OtherEducationalServicesMember2024-01-012024-09-300001420529srt:MaximumMemberus-gaap:SalesRevenueNetMemberus-gaap:ProductConcentrationRiskMemberaacg:OverseasArtStudyServicesAndOtherEducationalServicesMember2025-01-012025-09-300001420529us-gaap:CommonStockMember2025-09-300001420529us-gaap:CommonStockMember2024-12-310001420529us-gaap:CommonStockMember2024-09-300001420529us-gaap:CommonStockMember2023-12-310001420529aacg:AmendmentAndRestatementOf2008PlanMember2024-12-310001420529aacg:AmendmentAndRestatementOf2008PlanMember2018-10-2600014205292024-09-300001420529currency:USDcountry:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529currency:USDcountry:CNus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529currency:HKDcountry:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529currency:GBPcountry:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529currency:CNYcountry:CNus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529country:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529country:CNus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529us-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2025-09-300001420529currency:USDcountry:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529currency:USDcountry:CNus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529currency:HKDcountry:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529currency:CNYcountry:CNus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529country:HKus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529country:CNus-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529us-gaap:CreditConcentrationRiskMemberus-gaap:CashAndCashEquivalentsMember2024-12-310001420529aacg:SoftwareDevelopedForInternalUseMember2025-01-012025-09-300001420529aacg:JinanCityShizhongDistrictNuobiEducationTrainingSchoolCoLtd.Memberaacg:RelatedPartyTransactionPurchaseOfEquityInterestMember2023-08-012023-08-310001420529aacg:JinanCityShizhongDistrictNuobiEducationTrainingSchoolCoLtd.Memberaacg:RelatedPartyTransactionPurchaseOfEquityInterestMember2023-12-310001420529aacg:HuanqiuyimengEducationConsultationCorpMember2019-12-310001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2019-12-310001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMemberus-gaap:AssetPledgedAsCollateralMember2025-09-300001420529us-gaap:GeneralAndAdministrativeExpenseMember2025-01-012025-09-300001420529us-gaap:GeneralAndAdministrativeExpenseMember2024-01-012024-09-300001420529us-gaap:RestrictedStockMemberus-gaap:SellingAndMarketingExpenseMember2025-01-012025-09-300001420529us-gaap:RestrictedStockMemberus-gaap:GeneralAndAdministrativeExpenseMember2025-01-012025-09-300001420529us-gaap:RestrictedStockMemberaacg:CostOfRevenuesMember2025-01-012025-09-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberus-gaap:SellingAndMarketingExpenseMember2025-01-012025-09-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberus-gaap:GeneralAndAdministrativeExpenseMember2025-01-012025-09-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberaacg:CostOfRevenuesMember2025-01-012025-09-300001420529us-gaap:RestrictedStockMember2025-01-012025-09-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMember2025-01-012025-09-300001420529us-gaap:RestrictedStockMemberus-gaap:SellingAndMarketingExpenseMember2024-01-012024-12-310001420529us-gaap:RestrictedStockMemberus-gaap:GeneralAndAdministrativeExpenseMember2024-01-012024-12-310001420529us-gaap:RestrictedStockMemberaacg:CostOfRevenuesMember2024-01-012024-12-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberus-gaap:SellingAndMarketingExpenseMember2024-01-012024-12-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberus-gaap:GeneralAndAdministrativeExpenseMember2024-01-012024-12-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberaacg:CostOfRevenuesMember2024-01-012024-12-310001420529us-gaap:RestrictedStockMember2024-01-012024-12-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMember2024-01-012024-12-310001420529us-gaap:ParentMember2025-01-012025-09-300001420529us-gaap:AdditionalPaidInCapitalMember2025-01-012025-09-300001420529us-gaap:ParentMember2024-01-012024-09-300001420529us-gaap:AdditionalPaidInCapitalMember2024-01-012024-09-300001420529us-gaap:TrademarksMember2025-01-012025-09-300001420529us-gaap:NoncompeteAgreementsMember2025-01-012025-09-300001420529srt:MinimumMember2025-01-012025-09-300001420529srt:MaximumMember2025-01-012025-09-300001420529us-gaap:TrademarksMember2024-01-012024-12-310001420529us-gaap:NoncompeteAgreementsMember2024-01-012024-12-310001420529us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonrecourseMember2025-09-300001420529us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:NonrecourseMember2024-12-310001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMember2024-12-310001420529aacg:AmericanDepositarySharesMember2020-12-310001420529aacg:AmericanDepositarySharesMember2020-05-310001420529aacg:AtaEducationAuthorityBeijingLimitedMemberaacg:AtaIntelligentLearningBeijingTechnologyLimitedMember2018-03-152018-03-150001420529aacg:AtaIntelligentLearningBeijingTechnologyLimitedMember2025-09-300001420529aacg:AtaEducationAuthorityBeijingLimitedMemberaacg:AtaIntelligentLearningBeijingTechnologyLimitedMemberaacg:ExclusiveTechnicalConsultingAndServicesAgreementMember2018-03-152018-03-150001420529aacg:AmericanDepositarySharesMember2024-01-012024-12-310001420529aacg:AmericanDepositarySharesMember2023-01-012023-12-310001420529us-gaap:RestrictedStockMemberaacg:ShareIncentivePlan2008Member2025-01-012025-09-300001420529us-gaap:RestrictedStockMember2018-11-012018-11-300001420529us-gaap:RestrictedStockMemberaacg:AtaOnlineBeijingEducationTechnologyLimitedMember2018-07-012018-07-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMember2018-11-012018-11-300001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberaacg:AtaOnlineBeijingEducationTechnologyLimitedMember2018-07-012018-07-310001420529aacg:SecondAmendmentAndRestatementOf2008PlanMember2018-10-262018-10-260001420529aacg:SecondAmendmentAndRestatementOf2008PlanMember2008-01-072008-01-070001420529srt:DirectorMemberus-gaap:RestrictedStockMember2018-11-012018-11-300001420529aacg:EmployeeMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2017-08-012017-08-310001420529aacg:EmployeeAndNonEmployeeStockOptionsMemberaacg:ShareIncentivePlan2008Memberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2025-01-012025-09-300001420529aacg:EmployeesAndOfficersMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2017-01-012017-01-310001420529srt:DirectorMemberus-gaap:RestrictedStockMember2023-11-012023-11-300001420529aacg:CertainEmployeeAndOfficerMemberus-gaap:RestrictedStockMember2022-10-272022-10-270001420529aacg:EmployeesAndOfficersMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2019-03-012019-03-310001420529aacg:EmployeesAndOfficersMemberaacg:EmployeeAndNonEmployeeStockOptionsMember2018-11-012018-11-300001420529aacg:BeijingXiaozhiEducationTechnologyCoLtdMember2018-01-012018-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfSystemDevelopmentAndDataServicesMember2023-03-012023-03-310001420529aacg:AtaEducationAuthorityBeijingLimitedMemberaacg:AtaIntelligentLearningBeijingTechnologyLimitedMember2025-01-012025-09-300001420529aacg:AtaLearningIncMemberaacg:RelatedPartyTransactionPurchaseOfVideoServicesFromAffiliateEntityMember2022-09-012022-09-300001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfOfficeSharingServiceMember2021-10-012021-10-310001420529us-gaap:AllOtherSegmentsMember2025-01-012025-09-300001420529aacg:CommercialLoanFacility2024Member2024-11-012024-11-300001420529us-gaap:CommercialLoanMember2022-05-012022-05-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfSystemDevelopmentAndDataServicesMember2022-01-012022-01-310001420529us-gaap:CommercialLoanMember2025-01-012025-09-300001420529aacg:CommercialLoanFacility2024Member2024-01-012024-12-310001420529srt:MinimumMember2024-01-012024-12-310001420529srt:MaximumMember2024-01-012024-12-310001420529srt:MinimumMember2023-01-012023-12-310001420529srt:MaximumMember2023-01-012023-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMemberaacg:RelatedPartyTransactionPurchaseOfOfficeSharingServiceMember2022-06-012022-06-300001420529country:CN2025-01-012025-09-300001420529aacg:ATAEducationTechnologyBeijingLimitedMembercountry:CN2020-01-012022-12-310001420529aacg:ATAEducationTechnologyBeijingLimitedMembercountry:CN2017-01-012019-12-310001420529aacg:ATAEducationTechnologyBeijingLimitedMembercountry:CN2014-01-012016-12-310001420529aacg:ATAEducationTechnologyBeijingLimitedMembercountry:CN2011-01-012013-12-310001420529aacg:ATAEducationTechnologyBeijingLimitedMembercountry:CN2008-01-012010-12-310001420529aacg:ApplysquareEducationTechnologyCoLtdMember2025-09-300001420529srt:MinimumMemberaacg:EEOGroupMember2021-03-300001420529srt:MaximumMemberaacg:EEOGroupMember2021-03-300001420529aacg:BeijingFutouTechnologyCoLtdMemberaacg:HuanqiuyimengMember2020-12-310001420529aacg:EEOGroupMember2020-12-310001420529aacg:EEOGroupMember2020-07-310001420529aacg:EEOGroupMember2019-01-010001420529aacg:BeijingXiaozhiEducationTechnologyCoLtdMember2018-12-310001420529aacg:HuanqiuyimengMember2024-10-310001420529aacg:HuanqiuyimengMember2021-08-310001420529aacg:AtaLearningBeijingMember2021-08-310001420529aacg:HuanqiuyimengMember2021-08-010001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-07-310001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-07-010001420529aacg:HuanqiuyimengMember2021-08-012021-08-310001420529aacg:BeijingQuanouyimengCultureCommunicationCoLtdMember2022-06-100001420529aacg:DynamicFameLimitedMember2020-03-012020-03-310001420529aacg:AlphaAdvantageGlobalLimitedMember2020-03-012020-03-310001420529aacg:CommercialLoanFacility2024Member2024-11-300001420529us-gaap:CommercialLoanMember2022-05-3100014205292024-01-012024-09-300001420529aacg:ApplysquareEducationTechnologyCoLtdMember2018-12-310001420529srt:MaximumMembercountry:HK2025-09-300001420529srt:MaximumMembercountry:CN2025-09-3000014205292025-09-3000014205292024-12-3100014205292023-12-31aacg:segmentiso4217:CNYiso4217:HKDxbrli:sharesxbrli:pureaacg:leaseiso4217:USDaacg:directoriso4217:USDxbrli:sharesiso4217:CNYxbrli:shares

​

​

United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

​

FORM 6-K

​

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

​

For the month of November 2025

​

Commission File Number: 001-33910

​

ATA Creativity Global

​

c/o Rm. 507, Bldg. 3, BinhuZhuoyueCheng,

WenhuaKechuangYuan, Huayuan Blvd. 365,

Baohe, Hefei, Anhui 230051, China

(Address of principal executive offices)

​

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

​

Form 20-F     ☒  Form 40-F     ☐

​

​

​

​

​

EXPLANATORY NOTE

​

Exhibit 99.1 and Exhibit 99.2 to this Report on Form 6-K, are incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-278921), filed with the Securities and Exchange Commission on April 25, 2024, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

​

​

​

2

EXHIBIT INDEX

​

​	​	​
Exhibit No.		Description
99.1	​	Management’s Discussion and Analysis of Financial Condition and Results of Operations for the Nine Months ended September 30, 2024 and 2025
99.2	​	Unaudited Interim Condensed Consolidated Financial Statements for the Nine Months ended September 30, 2024 and 2025

​

​

​

3

SIGNATURE

​

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

​

​	ATA Creativity Global
​	​	​
​	By:	/s/ Ruobai Sima
​	Name:	Ruobai Sima
​	Title:	Chief Financial Officer

​

Date: November 17,2025

​

​

​

​

​

4

FAQ

What does ATA Creativity Global (AACG) report in this Form 6-K?

ATA Creativity Global reports that it is furnishing a Form 6-K containing management’s discussion and analysis and unaudited interim condensed consolidated financial statements. These materials cover the nine-month periods ended September 30, 2024 and 2025 and update investors on recent financial performance.

Which financial periods are covered in ATA Creativity Global’s AACG November 2025 Form 6-K?

The Form 6-K covers the nine months ended September 30, 2024 and 2025. It includes a management discussion and analysis section and unaudited interim condensed consolidated financial statements for these periods, providing a mid-year view between full annual reports.

How is ATA Creativity Global’s (AACG) Form 6-K used in its Form F-3 registration?

The company states that Exhibits 99.1 and 99.2 to this Form 6-K are incorporated by reference into its Form F-3 registration statement. This means the MD&A and interim financials become part of the disclosure package supporting potential future securities offerings.

Who signed ATA Creativity Global’s (AACG) November 2025 Form 6-K?

The Form 6-K was signed on behalf of ATA Creativity Global by Ruobai Sima, the company’s Chief Financial Officer. This signature indicates that a duly authorized executive has caused the report to be submitted under the Securities Exchange Act of 1934.

What are the main exhibits included in ATA Creativity Global’s (AACG) Form 6-K?

The filing lists two key exhibits: Exhibit 99.1, which is management’s discussion and analysis of financial condition and results of operations, and Exhibit 99.2, which contains unaudited interim condensed consolidated financial statements for the nine months ended September 30, 2024 and 2025.