Financial Data and Key Metrics Changes - Total net revenues for Q1 2024 were RMB 48.1 million, a 13.7% increase from RMB 42.3 million in Q1 2023, primarily driven by portfolio training services [11][12] - Gross margin improved to 45.5% in Q1 2024 from 44.3% in the prior year period, indicating increased operational efficiencies [11] - Net loss attributed to ACG was RMB 17.9 million in Q1 2024, slightly higher than RMB 17.8 million in the prior year, mainly due to increased sales expenses [12] Business Line Data and Key Metrics Changes - Total student enrollment for Q1 2024 was 1,370, up nearly 25% from about 1,097 in the prior year period [10] - Enrollment in core portfolio training programs increased more than 33%, with 863 students enrolled in Q1 2024 compared to 648 in the prior year [10] - Portfolio training credit hours delivered were 33,527, reflecting a 21.3% year-over-year increase [10] Market Data and Key Metrics Changes - The demand for nontraditional pathways to higher education in China has improved the visibility of arts education institutions [15] - The company hosted the Open Hack Shanghai Fashion Week program, which was well-received and contributed to student portfolios for overseas applications [16] Company Strategy and Development Direction - The company aims to continue growing its core portfolio training service business while exploring potential acquisitions [14][20] - ACG is focused on enhancing research-based learning and overseas study counseling services to provide a comprehensive educational offering [10][20] - The introduction of new projects like the United Nations art bootcamp aims to empower students and enhance their overseas study applications [18][19] Management's Comments on Operating Environment and Future Outlook - Management reiterated revenue expectations for 2024 to be between RMB 233 million to RMB 255 million, representing a 5% to 15% increase from 2023 [14] - The company remains optimistic about its prospects for 2024 and is committed to supporting students academically and emotionally [22] Other Important Information - The company has a solid financial position with US$ 8 million in cash and cash equivalents, despite a working capital deficit of US$ 36.9 million [12] - Management emphasized the importance of student outcomes and the role of dedicated instructors and institutional partnerships in achieving these goals [20] Q&A Session Summary Question: Thoughts on enrollment in portfolio training and its trajectory - Management noted strong growth in Q1 with nearly 50% revenue increase in the previous quarter, driven by student enrollment and credit hours delivered [25] - They believe ongoing investment in teaching resources will support sustainable growth in portfolio training services [26] Question: Additional color on revenue guidance and growth sources - Management indicated that core business and portfolio training will see sustainable growth in the next two to three quarters, with additional revenue from project-based learning and overseas study companies [30]

2024 FIRST QUARTER EARNINGS CALL May 15, 2024 Speakers: Mr. Kevin Ma, Chairman & CEO Mr. Ruobai Sima, CFO Safe Harbor This presentation was developed by ATA Creativity Global (“ACG” or the “Company”) and is intended to be used solely in connection with ACG’s earnings call for the three months ended March 31, 2024. This presentation is not to be construed as an offer to sell or the solicitation of an offer to buy the Company’s securities. This presentation is based upon information available to the public, a ...

BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- ATA Creativity Global ((", ACG", or the ", Company", , NASDAQ:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that it will release financial results for the first quarter ended March 31, 2024, after the close of the stock market on Tuesday, May 14, 2024. The Company will discuss those results in a conference call the following day, Wednesday, May 1 ...

BEIJING, April 10, 2024 (GLOBE NEWSWIRE) -- ATA Creativity Global ((", ACG", or the ", Company", , NASDAQ:AACG), an international education services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission ("SEC"). The annual report can be accessed at the Company's investor relations website at http://ir.atai ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered American Depositary Shares, each representing two common shares, par value $0.01 per share AACG Nasdaq Global Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal ye ...

ATA Creativity Global (NASDAQ:AACG) Q4 2023 Earnings Conference Call March 26, 2024 9:00 PM ET Company Participants Carolyne Sohn - IR, The Equity Group Inc. Ruobai Sima - CFO Jun Zhang - President & Director Conference Call Participants Operator Greetings, and welcome to the ATA Creativity Global Fourth Quarter and Year End 2023 Financial Results. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Carolyne Sohn, Vice President. Thank you ...

BEIJING, March 15, 2024 (GLOBE NEWSWIRE) -- ATA Creativity Global ((", ACG", or the ", Company", , NASDAQ:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that it will release financial results for the fourth quarter and year ended December 31, 2023, after the close of the stock market on Tuesday, March 26, 2024. The Company will discuss those results in a conference call at 9 p.m. ET that ...

BEIJING, Feb. 09, 2024 (GLOBE NEWSWIRE) -- ATA Creativity Global (("ACG" or the "Company", NASDAQ:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced that it has received a letter from the Nasdaq Listing Qualifications Staff, dated February 7, 2024, notifying the Company that it has regained compliance with the minimum bid price requirement under the Listing Rules of The Nasdaq Stock Market. T ...

2023 THIRD QUARTER EARNINGS CALL November 13, 2023 Speakers: Mr. Jun Zhang, President Mr. Ruobai Sima, CFO SAFE HARBOR • This presentation was developed by ATA Creativity Global (“ACG” or the “Company”) and is intended to be used solely in connection with ACG’s earnings call for the three and nine months ended September 30, 2023. This presentation is not to be construed as an offer to sell or the solicitation of an offer to buy the Company’s securities. This presentation is based upon information available ...

ATA Creativity Global (NASDAQ:AACG) Q3 2023 Earnings Conference Call November 13, 2023 8:00 PM ET Company Participants Alice Zhang - The Equity Group Inc. Ruobai Sima - Chief Financial Officer Jun Zhang - President Conference Call Participants Operator Greetings. Welcome to ATA Creativity Global's Third Quarter 2023 Financial Results Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this con ...