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Overview
ATA Creativity Global (AACG) is an internationally recognized educational services company dedicated to delivering quality learning experiences that cultivate and enhance student creativity. As an organization that leverages deep industry expertise and decades of experience in educational operations, AACG focuses on providing innovative overseas art study programs, comprehensive educational services, and tailored K-12 assessment solutions. With a strong emphasis on creative learning and art-centric education, the company empowers students to explore new perspectives and build creative competencies that are essential in today’s dynamic global environment.
Core Business Segments
AACG operates through three primary segments, each addressing distinct facets of the educational landscape:
- Overseas Art Study Services: This segment forms the cornerstone of AACG’s revenue model. It offers internationally oriented art study programs that enable students to immerse themselves in diverse cultural environments and acquire practical and theoretical artistic skills. The programs are designed to foster artistic talent and creative expression while integrating cross-cultural learning opportunities.
- Other Educational Services: Beyond the realm of art, AACG delivers a range of educational services that include academic tutoring, skill development courses, and innovative adaptive e-learning solutions. These services are crafted to meet the evolving needs of students and institutions by combining technological advancements with proven educational methodologies.
- K-12 Education Assessment and Related Services: Capitalizing on its expertise in assessment technologies, AACG provides comprehensive evaluative services for the K-12 segment. These services include customized educational assessments that help institutions monitor learning progress and enhance teaching outcomes, thereby contributing to overall academic excellence.
Industry Position and Operational Excellence
AACG’s reputation is built on a rich history of operational success and a commitment to quality educational standards. The company employs a multi-faceted approach that integrates advanced technologies with traditional educational values. This synthesis allows AACG to offer adaptive, innovative solutions that meet the diverse needs of students, academic institutions, and governmental bodies on an international scale.
Significance in the Educational Landscape
Positioned at the intersection of art, culture, and education, ATA Creativity Global distinguishes itself by focusing on creative enrichment and comprehensive learning experiences. The company’s strategic emphasis on overseas art study services not only broadens its market reach but also enriches the educational experiences of its students by promoting diverse cultural insights and artistic excellence.
Operational Strength and Methodology
In a highly competitive industry, AACG’s operational methodology is characterized by relentless attention to detail and the integration of effective educational assessment tools. Its adaptive learning platforms and technology-driven assessment frameworks ensure that the company remains a trusted provider of educational solutions. By combining traditional teaching methods with state-of-the-art digital learning tools, AACG has developed a robust infrastructure that supports scalable educational outcomes across international boundaries.
Commitment to Quality and Innovation
The commitment to quality is evident in every aspect of AACG’s service offering. The company continuously refines its educational content and assessment protocols to adhere to evolving academic standards and modern pedagogical techniques. This dedication not only reinforces its credibility among stakeholders but also positions AACG as a reliable resource in the global educational services market.
Conclusion
In summary, ATA Creativity Global (AACG) is a comprehensive educational services provider that transcends conventional learning through its specialized overseas art study programs, adaptive educational services, and K-12 assessments. Its operational excellence, guided by deep industry knowledge and a commitment to fostering creativity, makes it a pivotal institution in the arena of international education.
ATA Creativity Global (AACG), an international education services provider focused on creative learning experiences, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).
The report is accessible through the company's investor relations website under the SEC Filings section. AACG will provide shareholders and ADS holders with free hard copies of the annual report upon request via their IR representatives or email.
ATA Creativity Global (AACG) reported strong Q4 2024 financial results with net revenues increasing 20.7% to RMB100.9 million ($13.8 million) and net income rising 54.9% to RMB13.3 million ($1.8 million) compared to Q4 2023.
For FY 2024, net revenues grew 21.0% to RMB268.1 million ($36.7 million), surpassing guidance. However, the company recorded a net loss of RMB36.1 million ($4.9 million). Student enrollment in Q4 2024 increased 2.7% to 1,038, with credit hours delivered up 35.6%.
The company provided FY 2025 guidance projecting net revenues between RMB276-281 million, representing 3-5% year-over-year growth. Management expects growth to normalize following the post-COVID recovery in FY 2024.
ATA Creativity Global (AACG), a Nasdaq-listed international educational services company, has scheduled the release of its fourth quarter and full year 2024 financial results for March 25, 2025, after market close.
The company will host a conference call to discuss the results and management's outlook on Tuesday, March 25, 2025, at 9:00 p.m. Eastern Time (9:00 a.m. Beijing Time on Wednesday, March 26). A simultaneous audio webcast with accompanying slides will be accessible through the company's investor relations website and a dedicated webcast link.
ATA Creativity Global (AACG), an international educational services provider, announced the successful completion of its 2024 Annual General Meeting on December 3, 2024. Shareholders approved all proposed items, including the re-election of Zhilei Tong as class A director and the re-appointment of Audit Alliance LLP as the company's independent auditor for fiscal year 2024. The board of directors and audit committee were authorized to determine Audit Alliance LLP's remuneration.
ATA Creativity Global (AACG) announced two updates regarding its Nasdaq listing compliance status. The company has regained compliance with the minimum bid price requirement, as its ADS closing price remained above $1.00 from November 1-25, 2024. However, AACG received notification of non-compliance with the minimum stockholders' equity requirement of $10 million for Nasdaq Global Market listing.
The company has until January 13, 2025, to submit a compliance plan. If accepted, Nasdaq may grant up to 180 days extension to regain compliance. Meanwhile, AACG's ADSs continue trading on Nasdaq Global Market, and business operations remain unaffected.
ATA Creativity Global (AACG) reported Q3 2024 financial results with net revenues increasing 13.1% to RMB67.3 million ($9.6 million) compared to Q3 2023. Student enrollment grew 17.9% to 1,289, with 57.8% in portfolio training programs. Despite revenue growth, the company reported a net loss of RMB14.7 million ($2.1 million), wider than the RMB7.3 million loss in Q3 2023. Gross margin decreased to 44.6% from 49.2% year-over-year. The company reiterated its fiscal year 2024 net revenue guidance of RMB233-255 million, representing 5-15% year-over-year growth.
ATA Creativity Global (AACG) announced it will release its 2024 third quarter financial results on November 7, 2024, after market close. The company will host a conference call at 8:00 p.m. Eastern Time on November 7 (9:00 a.m. Beijing Time on November 8) to discuss the results and management's outlook. A simultaneous audio webcast with slides will be accessible through the company's website and a dedicated webcast link. The replay will be available on the company's website after the call.
ATA Creativity Global (ACG) (Nasdaq: AACG) reported its Second Quarter 2024 financial results, showing improvements in key metrics.
Student enrollment rose 16.8% to 1,084, with 42,841 credit hours delivered, a 49.3% increase from the prior year.
Net revenues increased by 42.8% to RMB51.8 million (US$7.1 million), and the net loss narrowed to RMB16.8 million (US$2.3 million), compared to RMB17.2 million the previous year.
First Half 2024 net revenues were up 27.2% to RMB99.9 million (US$13.7 million), with a corresponding decrease in net loss to RMB34.7 million (US$4.8 million).
ACG reiterated its guidance of total net revenues between RMB233 million and RMB255 million for the fiscal year ending December 31, 2024.
ATA Creativity Global (AACG), an international educational services company, has announced the release of its 2024 second quarter financial results on August 7, 2024, after market close. The company will host a conference call at 9:00 p.m. ET on the same day to discuss the results. Investors can access the call via toll-free numbers for the U.S. & Canada, as well as international toll numbers. Local access is available for China and Hong Kong. A live webcast will also be available, along with an accompanying slide presentation on the company's investor relations website. For those unable to attend, a replay will be provided on the website after the call. The event will include a Q&A session following management's prepared remarks.
ATA Creativity Global (Nasdaq: AACG) received a notice from Nasdaq on May 29, 2024, indicating that its American depositary shares (ADSs) have fallen below the minimum bid price of $1.00 for 30 consecutive business days. As a result, the company has 180 days, until November 25, 2024, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days. If compliance is not regained by this date, the company may be eligible for additional time if it meets other Nasdaq listing requirements. AACG's business operations remain unaffected, and the company is monitoring its stock price closely to resolve the issue.
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