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ATA Creativity (AACG) - 2019 Q1 - Earnings Call Presentation
ATA Creativity ATA Creativity (US:AACG)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]