ATA Creativity (US:AACG)2025-05-16 12:07Financial Performance - ATA Creativity Global (ACG) reported a 15.9% increase in total net revenue for Q1 2025 compared to Q1 2024[11, 16] - Gross profit also increased by 15.9% year-over-year, reaching RMB25.4 million (approximately $3.5 million)[11, 16] - Net loss attributable to ACG improved from RMB17.9 million in Q1 2024 to RMB13.3 million in Q1 2025[11, 16] - The company's revenue guidance for FY 2025 is approximately RMB276 million to RMB281 million, representing a growth of approximately 3% to 5% compared to FY 2024[29] Operational Highlights - Portfolio Training Services remained the main revenue contributor, accounting for 70.8% of Q1 2025 total net revenues[13] - Research-Based Learning Services comprised 29.2% of Q1 2025 total net revenues, growing by 28.4% compared to Q1 2024[13] - Project-based programs accounted for 73.9% of total portfolio training services credit hours delivered in Q1 2025, compared to 67.7% in Q1 2024[13] - Total credit hours delivered increased by 5.8% in Q1 2025 compared to Q1 2024, with project-based credit hours increasing by 15.5% and time-based credit hours decreasing by 14.5%[26] Balance Sheet - As of March 31, 2025, ACG had cash and cash equivalents of RMB39.4 million (approximately $5.4 million)[17, 37] - Total assets were RMB457.3 million (approximately $63.0 million), and total liabilities were RMB390.9 million (approximately $53.9 million)[17, 37]