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MARKETS / NASDAQ / AACG
NASDAQ · SERVICES-EDUCATIONAL SERVICES · SMALL CAP

ATA Creativity Global AACG

17 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 268.1M
▲ 0.0% YoY
CNY -48.0M
CNY -17.1M
In brief

What this company does

ATA Creativity Global is an international educational services provider whose principal product and service are portfolio training services that it provides to students in China who are interested in studying art overseas. For the fiscal year ended December 31, 2025, the company had 4,127 students enrolled, of which 56.6% were enrolled in its portfolio training programs and the remainder were enrolled in its other programs. For the fiscal year ended December 31, 2025, its total net revenues were RMB 268.11 million ($38.3 million), of which portfolio training services, research-based learning services, overseas study counselling services, and other educational services accounted for 70.1%, 7.3%, 13.4% and 9.2%, respectively. As of December 31, 2025, the company had a total of 1,130 teachers, including 142 full-time employees and 988 part-time teachers who are academics from universities and colleges or designers with private studios within their respective specializations. As of March 20, 2026, the company operated 19 training centers in 18 major cities in China. In September 2006, the company incorporated ATA Inc. in the Cayman Islands, which became its ultimate holding company in November 2006. In 2019, the company acquired 100% of the equity interests of Huanqiuyimeng, an educational services provider for students in China interested in applying for overseas art study, and in connection with that acquisition changed the name of its Cayman holding company from "ATA Inc." to "ATA Creativity Global" and the trading symbol for its ADSs listed on Nasdaq from "ATAI" to "AACG."

Written from the business description in ATA Creativity Global's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
CNY 268.1M
Revenue, FY2025 · full 17-year series below
Revenue CNY M Net income CNY M
FY2025 · Revenue 268.1 · Net income -48.0
400M800M-50M-100M200920112013201520172019202120232025
Compound annual growth
+9.0%
+10.6%
−4.3%
−0.8%
−27.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−18 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -23.9% · Net -17.9%
20000%40000%60000%200920112013201520172019202120232025
ROE
FY2025 · ROE -86.0%
100%200%-50%200920112013201520172019202120232025

Each CNY of equity lost 86 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -17.1
25.0M50.0M-200.0M200920112013201520172019202120232025
Net buybacks CNY M Dividends CNY M
FY2020 · Dividends — · Net buybacks 4.0
400M800M20092011201220132014201520182020

Total assetsCNY 408.3M
EquityCNY 32.0M
CashCNY 85.2M
Gross debtCNY 16.0M
Net debtCNY -69.2M
Current ratio0.32×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue CNY B0.30.30.20.20.20.20.10.00.00.00.40.40.40.40.40.30.2
Operating income CNY B−0.1−0.0−0.0−0.1−0.1−0.1−0.1−0.1−0.1−0.10.10.00.00.00.10.0−0.0
EBITDA CNY B−0.0−0.0−0.0−0.0−0.0−0.1−0.1−0.1·−0.00.10.00.10.00.10.0−0.0
Income tax CNY B−0.0−0.0−0.0−0.0−0.0−0.0−0.0·−0.00.00.00.00.00.00.00.00.0
Net income CNY B−0.0−0.0−0.0−0.0−0.0−0.1−0.10.9−0.0−0.00.00.00.00.00.10.0−0.0
Free cash flow CNY B−0.0−0.00.0−0.0−0.0−0.0−0.1−0.3·0.10.10.00.00.10.10.1−0.1
EPS, diluted CNY −0.76−0.57−0.54−0.76−0.57−1.57−2.5218.25·−0.210.570.490.590.501.190.44−0.79
Dividend / sh CNY ·················
Payout %·······111···253·109114··
ROE %−86.0−37.5−26.3−28.9−17.4−37.0−42.5266.9−6.9−2.56.85.86.96.315.35.6−10.2
Shares out B0.060.060.060.060.060.060.060.050.050.050.050.050.050.050.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 81 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 14 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Educational Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2009

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