ATA Creativity (AACG)

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ATA Creativity (AACG) - 2019 Q4 - Annual Report
2020-04-28 20:10
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 year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...
ATA Creativity (AACG) - 2019 Q4 - Earnings Call Transcript
2020-03-31 05:55
ATA Creativity Global (NASDAQ:AACG) Q4 2019 Earnings Conference Call March 30, 2020 9:00 PM ET Executives Carolyne Sohn – Vice President-Investor Relations Amy Tung – Chief Financial Officer Analysts Operator Good day and welcome, everyone, to the ATA Creativity Global 2019 Fourth Quarter and Year End Financial Results Conference Call hosted by Carolyne Sohn. [Operator Instructions] My name is Krisz, and I'm your event manager today. And now I would like to pass the call over to Carolyne. Please go ahead ma ...
ATA Creativity (AACG) - 2019 Q2 - Earnings Call Presentation
2019-08-15 18:32
Financial Performance - Total net revenues increased to RMB1.4 million[11] due to the development of K-12 education quality monitoring services[11] - Net loss from continuing operations attributable to ATA Inc was RMB18.2 million[11], compared to a net loss of RMB16.4 million in the prior-year period[11] - Cash and cash equivalents were RMB131.6 million[11], equivalent to USD$19.2 million[14] as of June 30, 2019[14] Balance Sheet (as of June 30, 2019) - Total Assets: RMB 310.057 million[13] (USD $45.165 million[13]) - Total Liabilities: RMB 20.270 million[13] (USD $2.953 million[13]) - Shareholders' Equity: RMB 249.053 million[13] (USD $36.279 million[13]) Strategic Direction and Acquisition - ATA's strategy focuses on offering integrated educational experiences in China and abroad[7] - The acquisition of ACG is a major step towards becoming a leading international education service provider[21] - ACG has 23 campus locations covering 21 cities throughout China[23] - ATA plans to leverage its expertise and industry relationships to scale the growth of education enterprises[24]
ATA Creativity (AACG) - 2019 Q2 - Earnings Call Transcript
2019-08-15 02:48
Financial Data and Key Metrics Changes - Net revenues for Q2 2019 increased to RMB 1.4 million from RMB 1 million in Q2 2018, attributed to the development of K-12 education quality monitoring services in Tianjin province [7] - Net loss from continuing operations attributable to ATA was RMB 18.2 million, compared to RMB 16.4 million in the prior year, primarily due to a decrease in net rental income and an increase in legal and consulting fees related to acquisition activities [7] - The company reported US$19.2 million in cash and cash equivalents with no long-term or short-term debt as of June 30, 2019 [8] Business Line Data and Key Metrics Changes - The company is focusing on the international education market, particularly the growing number of Chinese students studying abroad, which reached over 662,000 in 2018 [9] - The acquisition of approximately 87% equity interest in ACG is a strategic move to enhance ATA's position in the international education service sector [9][10] Market Data and Key Metrics Changes - The international education market is experiencing significant growth, with China being the largest source of students studying abroad [9] - The company aims to expand its market share by leveraging ACG's established reputation in the education market [10] Company Strategy and Development Direction - ATA's long-term objective is to become a leading international education service provider, with a focus on geographic growth, product expansion, and M&A opportunities [10][12] - The company plans to maximize growth in existing centers and selectively open new centers both domestically and internationally [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the international education market and the strategic benefits of the ACG acquisition [9][10] - The company is exploring further M&A opportunities within the education space to enhance its business portfolio [14] Other Important Information - The financial results are reported under U.S. GAAP in RMB, with all percentages calculated based on RMB unless otherwise noted [5] - The company has plans to visit the U.S. later in the year to engage with investors [14] Q&A Session Summary Question: Were there any questions from participants? - There were no questions in the queue during the Q&A session [14]
ATA Creativity (AACG) - 2019 Q1 - Earnings Call Presentation
2019-05-14 17:40
Financial Performance - Total net revenues increased to RMB1.6 million from RMB0.1 million due to the development and expansion of K-12 education assessment services[11] - Loss from continuing operations, net of income taxes, was RMB14.3 million, compared to RMB15.0 million in the prior-year period[11] - Net loss from continuing operations attributable to ATA Inc was RMB12.9 million, compared to a net loss of RMB14.6 million in the prior-year period[12] - Cash and cash equivalents totaled USD$25.1 million as of March 31, 2019[15] Balance Sheet (as of March 31, 2019) - Total Assets: $48.79 million (converted from RMB 327.432 million)[14] - Shareholders' Equity: $39.041 million (converted from RMB 262.013 million)[14] - Total Liabilities: $3.794 million (converted from RMB 25.459 million)[14] Strategic Initiatives and Market Focus - The company is focused on offering a fully integrated educational experience for students throughout China and abroad[6] - The company aims to offer online, on-campus, and other education programs through a network of global education partners[6] - The company is taking advantage of the rapidly growing international study market in China[19] - The company announced Framework Agreements with Beijing Huanqiuyimeng Education Consultation Corp ("ACG") for a proposed acquisition[22] - In 2018, 662,100 Chinese students pursued study abroad opportunities[23]
ATA Creativity (AACG) - 2019 Q1 - Earnings Call Transcript
2019-05-14 03:33
ATA, Inc. (ATAI) Q1 2019 Earnings Conference Call May 13, 2019 9:00 PM ET Company Participants Carolyne Sohn - IR, Fincera Inc. Jack Huang - President & Director Amy Tung - CFO Kevin Ma - Co-Founder, Chairman & CEO Conference Call Participants Operator Good day, everyone, and welcome to the ATA Inc. First Quarter Call. My name is Peter, and I'm your event manager today. [Operator Instructions]. And now I would like to hand over to Carolyne Sohn. Please proceed. Carolyne Sohn Thank you, Peter, and hello, eve ...
ATA Creativity (AACG) - 2018 Q4 - Annual Report
2019-04-18 20:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
ATA Creativity (AACG) - 2018 Q4 - Earnings Call Transcript
2019-03-15 06:11
ATA, Inc. (ATAI) Q4 2018 Earnings Conference Call March 14, 2019 9:00 PM ET Company Participants Adam Prior - SVP, The Equity Group, Inc. Amy Tung - CFO Xiaofeng MA - Co-Founder, Chairman & CEO Jack Huang - President & Director Conference Call Participants Operator Good day, and welcome everyone to the ATA Inc. 2018 Fourth Quarter Financial Results Conference Call. My name is Christian, and I will be your manager today. [Operator Instructions]. I'd like to advise all parties, this conference is being record ...