Welcome to our dedicated page for Ata Creativity Global SEC filings (Ticker: AACG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The ATA Creativity Global (AACG) SEC filings page on Stock Titan brings together the company’s U.S. regulatory disclosures, with AI-powered tools to help interpret complex documents. ATA Creativity Global is an international educational services company focused on creative arts education, portfolio training, research-based learning services, overseas study counselling and other educational services, and its filings provide detailed insight into how this business is structured and performs.
Investors can review Form 6-K current reports in which ATA Creativity Global furnishes quarterly financial results, operational highlights and management commentary. These reports typically include sections on net revenues and gross profit, operating expenses, student enrollment, credit hours delivered and revenue contributions from portfolio training, research-based learning, overseas study counselling and other educational services. AI-generated summaries on Stock Titan can highlight key figures, segment trends and changes in margins without requiring readers to parse every table.
The filings page also includes 6-K reports covering capital raising and strategic transactions, such as the non-binding term sheet with Baby BTC Strategic Capital Limited and the registered direct offering of American Depositary Shares. AI analysis can help clarify the potential impact of proposed share issuances, warrants, lock-up agreements and intended use of proceeds, including references to BABY tokens, Bitcoin purchases and collaboration with Babylon Foundation on Bitcoin staking, as described by the company.
Users can access ATA Creativity Global’s registration statement on Form F-3 by reference, as well as its annual report on Form 20-F, which the company cites in its 6-K filings for additional risk factor and financial statement information. Stock Titan’s platform is designed to surface important disclosures from these lengthy documents, helping readers quickly identify items related to revenue composition, segment reporting, share-based compensation, related-party transactions and other topics that appear in the company’s XBRL-tagged data.
For those tracking AACG, this page provides real-time updates as new filings are posted to EDGAR, along with AI summaries that explain the significance of each report in clear language. This allows investors, analysts and students of the company to follow ATA Creativity Global’s evolving educational services business and its disclosed strategic plans using primary regulatory sources.
APOLLO WISE INVESTMENT LIMITED filed a Schedule 13D reporting beneficial ownership of 8,559,434 common shares of ATA Creativity Global, representing 9.9% of the outstanding class. These shares were acquired in a registered direct offering at $0.80 per ADS, equivalent to $0.40 per common share, under a subscription agreement dated November 17, 2025.
The filing states that USD 3,423,774 of bank-sourced funds were used for the investment. Jie Cheng, a Hong Kong citizen, is identified as the sole beneficial owner of APOLLO WISE INVESTMENT LIMITED and holds sole voting and dispositive power over the reported shares. The stated purpose of the transaction is medium- to long-term investment, influenced by market conditions, volatility, and liquidity needs.
ATA Creativity Global director, president and ten percent owner Zhang Jun filed an initial ownership report showing both option and share holdings. He holds options exercisable into 1,274,092 Common Shares at an exercise price of $1.2611 per share, expiring on August 5, 2029. These options became exercisable in one-third tranches on April 1, 2022, 2023 and 2024. In addition, Arts Consulting Limited, a British Virgin Islands corporation, owns 9,360,000 Common Shares of ATA Creativity Global, with Jun Zhang as sole director and 75% shareholder of that entity. He disclaims beneficial ownership of the securities held by Arts Consulting Limited except to the extent of his pecuniary interests in that entity.
ATA Creativity Global filed its Form 20-F for the year ended December 31, 2025, reporting net revenues of RMB268.1 million (US$38.3 million), flat versus 2024 and up from RMB221.6 million in 2023. The company enrolled 4,127 students in 2025, with 57% in portfolio training programs for art study abroad.
The Cayman holding company conducts operations mainly in China through majority-owned PRC subsidiary Huanqiuyimeng and a variable interest entity (VIE) that owns 30.96% of Huanqiuyimeng and other stakes. Control of the VIE is based on contracts, not equity, and PRC regulators could challenge this structure, potentially affecting operations and ADS value.
Management details extensive PRC licensing and data-compliance risks, including possible requirements for private school permits, travel agency and ICP licenses, cybersecurity review, and cross-border data approvals. The report also discusses HFCAA-related audit inspection developments and notes that the current auditor, based in Singapore, is subject to PCAOB inspection.
Empire Fortune Management Limited has filed an amended Schedule 13D reporting ownership of 8,559,434 common shares of ATA Creativity Global, representing 9.9% of the outstanding class. The stake was acquired for investment purposes using bank financing totaling USD 3,423,774.
The filing explains that on November 17, 2025, ATA Creativity Global entered into a Subscription Agreement for a registered direct offering of 11,067,547 ADSs at $0.8 per ADS, equivalent to $0.4 per common share. Empire Fortune subscribed 8,559,434 of these common shares, and XUE Fenglan is identified as the sole beneficial owner of Empire Fortune.
ATA Creativity Global received a new significant shareholder as Empire Fortune Management Limited filed a Schedule 13D. Empire Fortune reports beneficial ownership of 8,559,434 common shares, described as 11.47% of the class, acquired for investment using USD3423773.6 of bank-sourced funds.
The stake arose from a registered direct offering in which the issuer sold 11,067,547 ADSs at $0.8 per ADS, equivalent to $0.4 per common share. Empire Fortune subscribed 8,559,434 of the common shares and states the investment is intended for medium- to long-term holding, subject to market conditions and liquidity needs.
ATA Creativity Global’s Chief Financial Officer, Sima Ruobai, filed an initial ownership report showing a stock option position. The filing lists an option over 200,000 common shares with a $0.79 exercise price, expiring on February 6, 2032. According to the footnote, the option became exercisable in four equal tranches on February 6 of 2023, 2024, 2025 and 2026.
ATA Creativity Global reported flat full-year 2025 net revenues of RMB268.1 million (about $38.3 million), but profitability deteriorated. Gross profit fell to RMB130.3 million and gross margin slipped to 48.6% from 52.7% in 2024 as costs for research-based learning and part-time teachers increased.
Net loss attributable to the company widened to RMB48.0 million (about $6.9 million) from RMB36.1 million, including a one-time goodwill impairment of RMB33.9 million in Q4 2025. Q4 2025 revenues declined 11.7% to RMB89.1 million, and the quarter swung from a prior-year profit to a RMB26.3 million loss.
The company completed a registered direct offering of 11,067,547 ADSs at $0.80 per ADS, raising approximately $8.85 million in gross proceeds. As of December 31, 2025, cash and cash equivalents were RMB85.2 million, with a working capital deficit of RMB233.2 million and shareholders’ equity of RMB32.0 million.
ATA Creativity Global director files initial insider report. Director Feng Zhiping submitted a Form 3 as an insider of ATA Creativity Global (ticker AACG). This filing serves as an initial statement of beneficial ownership, and the data provided here shows no reportable transactions or derivative positions.
ATA Creativity Global director Andrew Y Yan filed an initial ownership report showing he holds 633,000 common shares. A footnote explains that this total includes 83,344 unvested restricted shares, indicating a significant equity stake tied partly to long-term incentive compensation.
ATA Creativity Global director and Chief Executive Officer Kevin Xiaofeng Ma has filed an initial ownership report showing significant holdings of the company’s common shares. He directly owns 1,734,446 common shares.
Indirectly, 4,998,988 common shares are held by Able Knight Development Limited, which is ultimately owned through a trust with Mr. Ma as settlor and certain family members as beneficiaries. Mr. Ma disclaims beneficial ownership of these shares except to the extent of any pecuniary interest. An additional 18,427,074 common shares are held indirectly through Joingear Limited, where Mr. Ma is the sole director and 100% shareholder.