ATA Creativity Global (NASDAQ:AACG) Q4 2021 Earnings Conference Call March 17, 2022 9:00 PM ET Company Participants Alice Zhang – Investor Relations Amy Tung – Chief Financial Officer Kevin Ma – Chairman and Chief Executive Officer Jun Zhang – President Conference Call Participants Operator Greetings. Welcome to ATA Creativity Global's Fourth Quarter and Year End 2021 Financial Results. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentatio ...

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) Q2 2021 Earnings Conference Call August 12, 2021 9:00 PM ET Company Participants Carolyne Sohn – Investor Relations Amy Tung – Chief Financial Officer Kevin Ma – Chief Executive Officer Jun Zhang – President Conference Call Participants Lewis Fan – Benchmark Company Operator Greetings, and welcome to the ATA Creativity Global’s Second Quarter 2021 Financial Results Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will foll ...

Financial Data and Key Metrics Changes - The company reported a 15% increase in total net revenues for Q1 2021, amounting to RMB 37.6 million, up from RMB 32.7 million in Q1 2020 [13] - Gross margin improved to 39.6% in Q1 2021, compared to 35.8% in the prior-year period [14] - Net loss attributable to the company improved to RMB 19 million from RMB 20.5 million in the prior year [14] - Cash and cash equivalents stood at US$14.6 million, with a working capital deficit of US$26.5 million as of March 31, 2021 [14] Business Line Data and Key Metrics Changes - Student enrollment increased by 41.6% to 964 students in Q1 2021 [11] - The portfolio training program saw a 30.7% increase in student enrollment, totaling 528 students [11] - Credit hours for portfolio training increased by 5.5% to 27,865 [11] Market Data and Key Metrics Changes - The company noted significant year-over-year growth across major programs, including portfolio training, overseas study counseling, research-based learning, and foreign language training [11] - The company is adapting to the ongoing uncertainty in international travel by offering domestic learning experiences and online boot camps [12][19] Company Strategy and Development Direction - The company aims to expand online course offerings and develop new programming in response to the pandemic [19] - ACG is focused on leveraging technology to enhance educational delivery and sales processes, aiming to serve a larger student population across China [20] - The company is optimistic about the recovery trajectory as vaccinations progress globally, which is expected to boost demand for its services [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the public health situation in China and its impact on business recovery [15] - The company is prepared to meet the demand for study abroad programs when it is safe to do so, while also offering alternative domestic programs [17] - Management emphasized the importance of maintaining a strong reputation and delivering quality education to support student success [16] Other Important Information - The company is working closely with overseas partners to adapt summer programs in light of ongoing travel restrictions [12] - The management team highlighted the importance of maintaining health and safety for students during the pandemic [21] Q&A Session Summary - There were no questions from participants during the Q&A session, and management encouraged direct communication for any inquiries [22][23]

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 ...