ATA Creativity Global (NASDAQ:AACG) Q3 2021 Earnings Conference Call November 10, 2021 8:00 PM ET Company Participants Carolyne Sohn - IR Amy Tung - CFO Kevin Ma - CEO Jun Zhang - President Conference Call Participants Operator Greetings, welcome to the ATA Creativity Global's Third Quarter 2021 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 conference is being record ...

ATA Creativity Global (NASDAQ:AACG) Q1 2021 Earnings Conference Call May 13, 2021 9:00 PM ET Company Participants Carolyne Sohn – Vice President-The Equity Group Amy Tung – Chief Financial Officer Kevin Ma – Chairman and Chief Executive Officer Jun Zhang – President Conference Call Participants Operator Greetings, and welcome to ATA Creativity Global's First Quarter 2021 Financial Results Conference Call. At this time all participants are in a listen-only mode. A question and answer session will follow the ...

ATA Creativity Global (NASDAQ:AACG) Q4 2020 Earnings Conference Call March 29, 2021 9:00 PM ET Company Participants Carolyne Sohn - Vice President, The Equity Group, Inc Amy Tung - CFO Jun Zhang - President and Director Conference Call Participants Operator Greetings, and welcome to ATA Creativity Global Fourth Quarter and Full Year 2020 Financial Results Conference Call. [Operator Instructions] Please note this conference is being recorded. I would now like to turn the conference over to your host, Carol ...

Financial Data and Key Metrics Changes - Total net revenues for Q3 2020 were RMB 42.2 million, an increase from RMB 40.6 million in Q3 2019, despite a PPA adjustment decrease of RMB 6 million [15] - Gross margin for Q3 2020 was 37.4%, up from 35.9% in the prior year period; excluding PPA adjustments, gross margin would have been 45.2% [15] - Net income attributable to the company was RMB 19.3 million for Q3 2020, compared to a net loss of RMB 25.2 million in the prior year, primarily due to a one-time fair value markup gain of RMB 34.1 million [15] - For the first nine months of 2020, total net revenues were RMB 101.3 million, compared to RMB 43.6 million in the prior year period, with a gross margin of 33.7% [16] - The company had $16.5 million in cash and cash equivalents as of September 30, 2020, with a working capital deficit of $19.9 billion [17] Business Line Data and Key Metrics Changes - Credit hours delivered for portfolio training programs decreased year-over-year but saw a 58.2% sequential increase from Q2 2020, attributed to the resumption of in-person classes [12] - Student enrollment for the period was 1,225, with 666 enrolled in the portfolio training program [13] Market Data and Key Metrics Changes - The educational travel services segment was significantly impacted by the pandemic, with almost all tours canceled [11] - Demand for studying abroad remains high, but many students' plans are on hold due to the pandemic [22] Company Strategy and Development Direction - The company aims to become a leading international education service provider and has adapted its operations to leverage online platforms due to the pandemic [5][18] - The company continues to explore partnerships with prestigious institutions for online boot camps and internships [11][22] - Technology will play a crucial role in growth initiatives, even post-pandemic, focusing on improving online offerings and resource access for students [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future enrollment growth as public health conditions improve in China, while remaining cautious about the ongoing pandemic [20] - The company is well-positioned financially and operationally to capitalize on growth opportunities heading into 2021 [20] Other Important Information - The company has authorized a share repurchase plan of up to $1 million, with 450,337 ADS repurchased at an average price of $1.2631 by November 1, 2020 [17] Q&A Session Summary - The operator opened the floor for questions, and management encouraged direct outreach for inquiries, indicating availability for investor discussions [25]

ATA Creativity Global (NASDAQ:AACG) Q2 2020 Earnings Conference Call August 12, 2020 9:00 PM ET Company Participants Carolyne Sohn - VP, IR Amy Tung - CFO Kevin Ma - CEO Jun Zhang - President Conference Call Participants Operator Good day, and welcome everyone to the ATA Creativity Global 2020 Second Quarter and Six Months Financial Results Conference Call hosted by Carolyne Sohn. My name is Mathew, and I'm your event manager. During the presentation, your lines will remain on listen-only. [Operator Instruc ...

Financial Performance - Total net revenues increased to RMB32703000 from RMB1616000, driven by Huanqiuyimeng business contributions[15, 17] - Gross margin was 358%, compared to 253% in Q1 2019[15, 17] - Net loss attributable to ACG was RMB20456000, compared to a net loss of RMB12899000 in the prior-year period, mainly due to increased operating expenses from Huanqiuyimeng[15, 17] - As of March 31, 2020, cash and cash equivalents were USD$216 million[19] Operational Highlights - Huanqiuyimeng coursework was successfully transitioned to an online format due to COVID-19[12] - All in-person coursework was ceased since the beginning of February to prioritize safety[12] - Portfolio training programs experienced an 87% year-over-year decrease in credit hours delivered[12, 14] - Time-based program credit hours decreased by 256%, from 22398 to 16655[14] - Project-based program credit hours increased by 494%, from 6529 to 9755[14] Growth Strategy - ACG plans to scale the growth of well-established education enterprises to expand its presence in China and beyond[26] - The company aims to increase outreach to students seeking overseas study experiences, those looking to enhance capabilities outside academics, and those seeking out-of-classroom learning experiences[26] - ACG will continue exploring M&A opportunities within the education sector[26]

ATA Creativity Global (NASDAQ:AACG) Q1 2020 Earnings Conference Call May 14, 2020 9:00 PM ET Company Participants Carolyne Sohn - Vice President-Investor Relations Kevin Ma - Chief Executive Officer Amy Tung - Chief Financial Officer Jun Zhang - President Conference Call Participants Operator Good day and welcome everyone to the ATA Creativity Global 2020 First Quarter Conference call hosted by Carolyne Sohn. My name is Greg and I'm the event manager for today's call. During your presentation, your lines wi ...