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 ...

Report Overview [Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) ACG reported a 14.1% increase in Q3 2023 net revenues to RMB 59.5 million, a 24.1% rise in portfolio training credit hours, and narrowed net losses, maintaining a strong cash position Q3 2023 Financial and Operational Highlights | Indicator | Q3 2023 | Q3 2022 | % Change | | :--- | :--- | :--- | :--- | | **Net Revenues** | RMB 59.5 million | RMB 52.1 million | +14.1% | | **Net Loss Attributable to ACG** | RMB 7.3 million | RMB 12.0 million | Narrowed | | **Student Enrollment** | 1,093 | 1,106 | -1.2% | | **Portfolio Training Credit Hours** | 44,723 | 36,031 | +24.1% | Nine Months 2023 Financial Highlights | Indicator | Nine Months 2023 | Nine Months 2022 | % Change | | :--- | :--- | :--- | :--- | | **Net Revenues** | RMB 138.0 million | RMB 128.3 million | +7.6% | | **Net Loss Attributable to ACG** | RMB 42.2 million | RMB 49.9 million | Narrowed | - As of September 30, 2023, the company held **RMB 65.5 million (US$9.0 million)** in cash and cash equivalents[3](index=3&type=chunk) [Management Commentary & Outlook](index=1&type=section&id=Management%20Commentary%20%26%20Outlook) Management attributes strong Q3 performance to increased portfolio training and research-based learning, driven by resumed overseas programs, with plans to expand experiential offerings and art institution partnerships - Portfolio training services are considered the primary growth driver, with a **24.1% increase in credit hours delivered** in Q3 2023[4](index=4&type=chunk) - ACG resumed its overseas summer programs for the first time since the COVID-19 pandemic, resulting in a **104.5% YoY increase in revenues from research-based learning services to RMB 5.2 million**[4](index=4&type=chunk) - The company is building on its success with plans for online Master Classes and other experiential offerings, and recently partnered with the 798 Art Festival in Beijing to promote creative arts education[5](index=5&type=chunk) Operational Performance [Enrollment and Credit Hours](index=2&type=section&id=Enrollment%20Update) Q3 2023 saw total student enrollment of 1,093, with portfolio training credit hours increasing **24.1%** to 44,723, primarily driven by a **34.6%** rise in project-based programs - Total student enrollment for Q3 2023 was **1,093**, with **651** in portfolio training programs and **442** in other programs like overseas study counselling[6](index=6&type=chunk)[7](index=7&type=chunk) Portfolio Training Credit Hours by Program Type | Portfolio Training Program | Q3 2023 Credit Hours | Q3 2022 Credit Hours | % Change | | :--- | :--- | :--- | :--- | | Time-based Program | 13,624 | 12,923 | 5.4% | | Project-based Program | 31,099 | 23,108 | 34.6% | | **Total** | **44,723** | **36,031** | **24.1%** | Financial Performance Review [Third Quarter 2023 Financial Results (GAAP)](index=2&type=section&id=Third%20Quarter%202023%20Financial%20Review%20%E2%80%93%20GAAP%20Results) Q3 2023 net revenues grew **14.1%** to **RMB 59.5 million**, with gross margin improving to **49.2%**, leading to a narrowed net loss attributable to ACG of **RMB 7.3 million** Q3 2023 GAAP Financial Results | Q3 Financial Metric | Q3 2023 (RMB) | Q3 2022 (RMB) | Change | | :--- | :--- | :--- | :--- | | **Net Revenues** | 59.5 million | 52.1 million | +14.1% | | **Gross Profit** | 29.2 million | 23.5 million | +24.4% | | **Gross Margin** | 49.2% | 45.1% | +4.1 p.p. | | **Loss from Operations** | (7.9 million) | (16.3 million) | Narrowed | | **Net Loss Attributable to ACG** | (7.3 million) | (12.0 million) | Narrowed | | **Diluted Losses per ADS** | (0.24) | (0.38) | Narrowed | - The increase in gross profit and margin was primarily due to higher net revenues. The decrease in operating expenses was mainly driven by lower general, administrative, and selling expenses[9](index=9&type=chunk) [Nine Months 2023 Financial Results (GAAP)](index=3&type=section&id=Nine%20Months%202023%20Financial%20Review%20%E2%80%93%20GAAP%20Results) Nine-month net revenues increased **7.6%** to **RMB 138.0 million**, with gross profit growing **13.5%** to **RMB 62.3 million**, leading to a narrowed net loss of **RMB 42.2 million** Nine Months 2023 GAAP Financial Results | Nine Months Financial Metric | 2023 (RMB) | 2022 (RMB) | Change | | :--- | :--- | :--- | :--- | | **Net Revenues** | 138.0 million | 128.3 million | +7.6% | | **Gross Profit** | 62.3 million | 54.9 million | +13.5% | | **Gross Margin** | 45.1% | 42.8% | +2.3 p.p. | | **Loss from Operations** | (50.6 million) | (61.5 million) | Narrowed | | **Net Loss Attributable to ACG** | (42.2 million) | (49.9 million) | Narrowed | | **Diluted Losses per ADS** | (1.34) | (1.60) | Narrowed | [Balance Sheet Highlights](index=4&type=section&id=Balance%20Sheet%20Highlights) As of September 30, 2023, cash and cash equivalents increased **19.1%** to **RMB 65.5 million**, while working capital deficit widened to **RMB 262.3 million** and total shareholders' equity decreased to **RMB 103.5 million** Key Balance Sheet Figures | Balance Sheet Item | Sep 30, 2023 (RMB) | Dec 31, 2022 (RMB) | | :--- | :--- | :--- | | Cash and cash equivalents | 65.5 million | 55.0 million | | Working capital deficit | 262.3 million | 227.3 million | | Total shareholders' equity | 103.5 million | 143.5 million | [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Measures) Excluding share-based compensation and foreign currency impacts, ACG's Q3 2023 adjusted net loss was **RMB 6.4 million**, a significant improvement from the prior year - Non-GAAP measures are used to supplement GAAP results by excluding non-cash or non-operating items like share-based compensation and foreign currency exchange gains/losses[14](index=14&type=chunk)[28](index=28&type=chunk) Q3 2023 Non-GAAP Financial Measures | Non-GAAP Metric (Q3 2023) | Amount (RMB) | Amount (USD) | | :--- | :--- | :--- | | Adjusted Net Loss Attributable to ACG | (6.4 million) | (0.9 million) | | Adjusted Diluted Losses per ADS | (0.20) | (0.02) | Financial Statements [Unaudited Condensed Consolidated Balance Sheets](index=7&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) The unaudited consolidated balance sheet as of September 30, 2023, details total assets of **RMB 466.3 million** and total liabilities of **RMB 362.7 million**, compared to year-end 2022 Unaudited Condensed Consolidated Balance Sheets | Key Balance Sheet Figures | As of Sep 30, 2023 (RMB) | As of Dec 31, 2022 (RMB) | | :--- | :--- | :--- | | **Total Current Assets** | 75,466,731 | 65,262,522 | | **Total Assets** | 466,256,544 | 474,464,769 | | **Total Current Liabilities** | 337,805,877 | 292,542,513 | | **Total Liabilities** | 362,740,255 | 330,950,579 | | **Total Shareholders' Equity** | 103,516,289 | 143,514,190 | [Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)](index=8&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME%20(LOSS)) This section presents detailed unaudited consolidated statements of comprehensive income (loss) for the three-month and nine-month periods ending September 30, 2023, with comparative data [Three-Month Period Ended September 30, 2023](index=8&type=section&id=Three-month%20Period%20Ended%20September%2030%2C%202023) Q3 2023 income statement shows net revenues of **RMB 59.5 million** and a net loss of **RMB 7.3 million**, a significant improvement from Q3 2022 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - Q3 | Income Statement Item (Q3) | 2023 (RMB) | 2022 (RMB) | | :--- | :--- | :--- | | Net revenues | 59,450,108 | 52,099,904 | | Gross profit | 29,224,857 | 23,501,987 | | Loss from operations | (7,879,014) | (16,272,515) | | Net loss | (7,301,576) | (11,733,818) | | Net loss attributable to ACG | (7,250,862) | (11,986,167) | [Nine-Month Period Ended September 30, 2023](index=9&type=section&id=Nine-month%20Period%20Ended%20September%2030%2C%202023) The nine-month income statement shows net revenues of **RMB 138.0 million** and a net loss of **RMB 42.3 million**, an improvement from the prior-year period Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - Nine Months | Income Statement Item (Nine Months) | 2023 (RMB) | 2022 (RMB) | | :--- | :--- | :--- | | Net revenues | 138,010,273 | 128,283,578 | | Gross profit | 62,291,363 | 54,897,185 | | Loss from operations | (50,607,054) | (61,483,279) | | Net loss | (42,264,467) | (50,360,602) | | Net loss attributable to ACG | (42,215,847) | (49,910,070) | [Reconciliations of Non-GAAP Measures](index=10&type=section&id=RECONCILIATIONS%20OF%20NON-GAAP%20MEASURES) This section reconciles GAAP net loss to non-GAAP net loss for Q3 2023 and the nine-month period, showing a Q3 non-GAAP net loss of **RMB 6.4 million** after adjustments Reconciliation of GAAP to Non-GAAP Net Loss - Q3 2023 | Reconciliation (Q3 2023, RMB) | Amount | | :--- | :--- | | GAAP net loss attributable to ACG | (7,250,862) | | Add: Share-based compensation | 818,922 | | Add: Foreign currency exchange losses | (2) | | **Non-GAAP net loss attributable to ACG** | **(6,431,942)** | Reconciliation of GAAP to Non-GAAP Net Loss - Nine Months 2023 | Reconciliation (Nine Months 2023, RMB) | Amount | | :--- | :--- | | GAAP net loss attributable to ACG | (42,215,847) | | Add: Share-based compensation | 2,029,817 | | Add: Foreign currency exchange losses | 380 | | **Non-GAAP net loss attributable to ACG** | **(40,185,650)** | Supplementary Information [Conference Call Information](index=4&type=section&id=Conference%20Call%20Information) A conference call and live webcast were scheduled for November 13, 2023, at 8 p.m. ET to discuss the Q3 and nine-month 2023 financial results - A conference call was scheduled for November 13, 2023, at 8 p.m. ET to discuss the results[18](index=18&type=chunk) - An accompanying slide presentation was made available on the investor relations section of the company's website 30 minutes prior to the call[19](index=19&type=chunk) [About the Company, Forward-Looking Statements, and Other Disclosures](index=4&type=section&id=About%20the%20Company%2C%20Forward-Looking%20Statements%2C%20and%20Other%20Disclosures) This section provides a company overview, disclaimers on forward-looking statements, and details on currency translation and non-GAAP measures, highlighting risks and uncertainties - ACG is an international educational services company focused on portfolio training, research-based learning, and overseas study counselling[21](index=21&type=chunk) - The report includes forward-looking statements and warns investors of risks including competition, regulatory changes in China, and geopolitical tensions[23](index=23&type=chunk)[24](index=24&type=chunk) - Financial information is stated in RMB, with USD translations provided for convenience at a rate of **RMB 7.2960 to US$1.00** as of September 30, 2023[27](index=27&type=chunk)

ATA Creativity Global (NASDAQ:AACG) Q2 2023 Earnings Conference Call August 10, 2023 9:00 PM ET Company Participants Alice Zhang - Equity Group, IR Ruobai Sima - Chief Financial Officer Kevin Ma - Co-Founder, Chairman & CEO Conference Call Participants Operator Greetings. Welcome to ATA Creativity Global's Second Quarter 2020 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 ...

Exhibit 99.1 ATA Creativity Global Reports 2023 Second Quarter Financial Results Conference Call on Thursday, August 10, 2023, at 9 p.m. ET with Accompanying Investor Presentation Beijing, China, August 10, 2023 (NY)/ August 11, 2023 (China) — 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 preliminary unaudited financial results for t ...