ATA Creativity Global American Depositary Shares - AACG STOCK NEWS

ATA Creativity Global (AACG) announced preliminary financial results for Q1 2021, reporting net revenues of RMB37.6 million (US$5.7 million), a 15.0% increase from RMB32.7 million last year. Student enrollment rose significantly by 41.6% to 964, with portfolio training programs seeing 528 enrollments. Gross profit improved 27.4% to RMB14.9 million, raising gross margin to 39.6%. However, the net loss attributable to AACG decreased to RMB19.0 million (US$2.9 million) compared to RMB20.5 million in Q1 2020. Cash and cash equivalents stood at RMB95.6 million (US$14.6 million) as of March 31, 2021.

ATA Creativity Global (AACG) will release its financial results for Q1 2021 on May 13, 2021, after market close. A conference call is scheduled for 9 p.m. ET that same day to discuss the results. Interested participants can join via U.S. toll-free number, international dial-in, or local access in China and Hong Kong. A webcast will also be available for those who wish to listen online. The company focuses on enhancing students' creativity through various educational services including portfolio training and overseas study counselling.

ATA Creativity Global (AACG) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. This annual report is available on the Company's investor relations website. ACG will provide a hard copy of the report free of charge to shareholders upon request. The company focuses on delivering quality education services aimed at enhancing students' creativity.

ATA Creativity Global (AACG) reported its Fourth Quarter 2020 and Fiscal Year 2020 financial results, showing improvements despite pandemic challenges. Enrollment increased to 1,122 students, up from 1,042 year-over-year, with net revenues rising to RMB60.8 million (US$9.3 million) from RMB54.1 million. The net loss attributable to ACG improved to RMB24.8 million (US$3.8 million), significantly better than RMB70.9 million prior. The company ended 2020 with RMB112.7 million in cash and equivalents, while operating expenses decreased to RMB55.4 million. Looking ahead, ACG aims to sustain growth through online and domestic educational offerings.

ATA Creativity Global (AACG) announced it will release its financial results for the fourth quarter and year ended December 31, 2020, on March 29, 2021, after market close. A conference call discussing these results will follow at 9 p.m. ET. Participants can join through various dial-in numbers, including a toll-free option for U.S. and Canada. A live webcast and a PDF presentation will also be available on the company’s website. The company focuses on providing educational services that enhance creativity.

ATA Creativity Global (AACG) held its Annual General Meeting of Shareholders on December 18, 2020. Shareholders approved all proposals, including the re-election of Andrew Yan and Jun Zhang as class B directors and the re-appointment of KPMG Huazhen LLP as the independent auditor for fiscal year 2020. Additionally, a special resolution was passed to amend the company’s governing documents to facilitate electronic meetings. These steps reflect the company’s commitment to adapt to current trends in shareholder engagement.

ATA Creativity Global (AACG) reported its preliminary financial results for Q3 2020, showing a resurgence in student enrollment and revenues amid ongoing COVID-19 challenges. Net revenues reached RMB42.2 million (US$6.2 million), with a significant net income of RMB19.3 million (US$2.8 million), marking a turnaround from last year's loss. Total enrollments stood at 1,225 students, with a 50% increase in portfolio training. The company reported cash and equivalents of RMB111.9 million (US$16.5 million) as of September 30, 2020, indicating strong liquidity.

ATA Creativity Global (AACG) announced plans to release its third-quarter financial results on November 12, 2020, following market closure. The company will hold a conference call at 8 p.m. ET to discuss the results. Investors can participate via various dial-in numbers, including a toll-free option for U.S. and Canada. The call will be broadcast live online, and a replay will be available shortly after. ATA Creativity Global specializes in educational services aimed at enhancing student creativity through programs like overseas study counseling and educational travel.

ATA Creativity Global (AACG) reported preliminary unaudited financial results for Q2 and H1 2020. Q2 net revenues were RMB26.4 million (US$3.7 million), reflecting a significant increase from RMB1.4 million in the prior-year period, primarily due to the Huanqiuyimeng acquisition. However, the company faced a net loss of RMB32.1 million (US$4.5 million), up from RMB18.2 million year-over-year. As of June 30, 2020, cash and equivalents stood at RMB119.7 million (US$16.9 million). The ongoing impact of COVID-19 was noted, affecting enrollments and program delivery, with 772 students enrolled during Q2.