Ata Creativity Global ( (AACG) ) has released its Q4 earnings. Here is a breakdown of the information Ata Creativity Global presented to its investors.
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ATA Creativity Global is an international educational services company that focuses on enhancing students’ creativity through various learning experiences, including portfolio training and overseas study counseling. In its latest earnings report, the company announced a strong performance for the fourth quarter of 2024, with net revenues increasing by 20.7% and net income rising by 54.9% compared to the same period in the previous year. The full-year 2024 results also showed a 21.0% increase in net revenues, surpassing the company’s guidance.
Key financial metrics highlighted in the report include a gross profit increase of 21.6% for Q4 2024 and a 23.2% rise for the full year. Despite these gains, the company reported a net loss for the year, attributed to increased operating expenses. The company also noted a significant increase in student enrollment and credit hours delivered, which contributed to the revenue growth.
Looking ahead, ATA Creativity Global has provided guidance for FY 2025, expecting net revenues to range between RMB276 million and RMB281 million, representing a modest growth of 3% to 5%. The company plans to continue focusing on expanding its services, improving student experiences, and exploring potential mergers and acquisitions.
Overall, ATA Creativity Global’s management remains optimistic about the future, emphasizing their commitment to organic growth and operational efficiency as they navigate the evolving educational landscape.