ATA Creativity Global (AACG) Investor presentation summary

Company overview and business model

• Operates 19 training centers in 18 cities, offering creative arts education and portfolio training for students seeking overseas art studies.

• Core business is portfolio training, with additional services in research-based learning, overseas study counselling, and in-school art classes.

• Revenue model includes fees per credit hour or per program, depending on the service line.

• Covers six major arts disciplines and over 60 sub-divisions, serving a diverse student population.

• Led by an experienced management team with deep expertise in education and finance.

Financial performance and key metrics

• FY 2025 revenue was RMB268.1M ($38.3M), flat compared to FY 2024.

• Gross margin declined to 48.6% from 52.7% in FY 2024, mainly due to higher outsourcing and part-time teacher costs.

• Cash and cash equivalents stood at RMB85.2M ($12.2M) at year-end 2025.

• FY 2025 net loss attributable to shareholders was RMB48.0M ($6.9M).

• Book value per ADS was RMB1.01 ($0.14) as of December 31, 2025.

Business lines and revenue breakdown

• Portfolio training contributed 69.8% of FY 2025 revenue (RMB187.2M/$26.8M).

• Overseas study counselling accounted for 13.4% (RMB35.8M/$5.1M).

• Research-based learning made up 7.3% (RMB19.6M/$2.8M).

• Other educational services contributed 8.0% (RMB25.4M/$3.6M).