NASDAQ : AACG
ATA Creativity Global — Financial statements
Consumer Staples · Education & Training Services · China
Last price 0.6495 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 44.14M
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Financial statements
ATA Creativity Global (AACG) reported revenue of 268.11M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 268.11M | 268.11M | 268.06M | 221.62M | 206.82M | 202.21M |
| Cost of Revenue | 134.02M | 134.02M | 126.80M | 106.96M | 104.32M | 97.41M |
| Gross Profit | 134.09M | 134.09M | 141.26M | 114.66M | 102.51M | 104.80M |
| Selling, General & Admin | 161.40M | 161.40M | 180.78M | 151.55M | 152.32M | 159.41M |
| Research & Development | 3.07M | 3.07M | 3.70M | 4.63M | 6.79M | 11.80M |
| Other Operating Expenses | -175.90K | -175.90K | -174.93K | -30.86K | -16.52K | -22.02K |
| Operating Expenses | 164.29M | 164.29M | 184.31M | 156.15M | 159.09M | 171.19M |
| Operating Income | -30.20M | -30.20M | -43.04M | -41.50M | -56.59M | -66.39M |
| Interest & Investment Income | 623.67K | 623.67K | 1.00M | 978.53K | 756.89K | 1.11M |
| Currency Exchange Gain (Loss) | -19.40K | -19.40K | -18.99K | -4.88K | 5.44K | -213.05K |
| EBT Excluding Unusual Items | -29.60M | -29.60M | -42.06M | -40.52M | -55.82M | -65.49M |
| Impairment of Goodwill | -33.91M | -33.91M | ||||
| Gain (Loss) on Sale of Investments | -6.00M | |||||
| Gain (Loss) on Sale of Assets | 11.88M | 11.88M | -438.15K | 1.31M | 33.54M | |
| Pretax Income | -51.63M | -51.63M | -42.50M | -40.52M | -54.52M | -37.95M |
| Income Tax Expense | -3.58M | -3.58M | -6.40M | -6.81M | -5.92M | -1.54M |
| Earnings From Continuing Operations | -48.05M | -48.05M | -36.10M | -33.71M | -48.59M | -36.41M |
| Net Income to Company | -48.05M | -48.05M | -36.10M | -33.71M | -48.59M | -36.41M |
| Minority Interest in Earnings | 29.00 | 29.00 | 95.00 | 50.30K | 701.32K | 2.76M |
| Net Income | -48.05M | -48.05M | -36.10M | -33.66M | -47.89M | -33.65M |
| Preferred Dividends & Other Adjustments | 2.28M | |||||
| Net Income to Common | -48.05M | -48.05M | -36.10M | -33.66M | -47.89M | -35.93M |
| Shares Outstanding (Basic) | 31.70M | 31.70M | 31.49M | 31.39M | 31.38M | 31.37M |
| Shares Outstanding (Diluted) | 31.70M | 31.70M | 31.49M | 31.39M | 31.38M | 31.37M |
| EPS (Basic) | -1.52 | -1.52 | -1.15 | -1.07 | -1.53 | -1.15 |
| EPS (Diluted) | -1.52 | -1.52 | -1.15 | -1.08 | -1.53 | -1.15 |
| Free Cash Flow | -17.12M | -17.12M | -23.37M | 6.51M | -16.23M | -36.29M |
| Free Cash Flow Per Share | -0.54 | -0.54 | -0.74 | 0.21 | -0.52 | -1.16 |
| Gross Margin | 50.01% | 50.01% | 52.70% | 51.74% | 49.56% | 51.82% |
| Operating Margin | -11.27% | -11.27% | -16.06% | -18.72% | -27.36% | -32.83% |
| Profit Margin | -17.92% | -17.92% | -13.47% | -15.19% | -23.16% | -17.77% |
| Free Cash Flow Margin | -6.39% | -6.39% | -8.72% | 2.94% | -7.85% | -17.94% |
| EBITDA | -8.70M | -8.70M | -18.82M | -19.51M | -34.00M | -43.36M |
| EBITDA Margin | -3.25% | -3.25% | -7.02% | -8.80% | -16.44% | -21.45% |
| D&A For EBITDA | 21.50M | 21.50M | 24.23M | 21.98M | 22.59M | 23.03M |
| EBIT | -30.20M | -30.20M | -43.04M | -41.50M | -56.59M | -66.39M |
| EBIT Margin | -11.27% | -11.27% | -16.06% | -18.72% | -27.36% | -32.83% |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 85.24M | 85.24M | 36.52M | 60.17M | 54.98M | 71.34M |
| Cash & Short-Term Investments | 85.24M | 85.24M | 36.52M | 60.17M | 54.98M | 71.34M |
| Accounts Receivable | 298.38K | 298.38K | 2.71M | 2.24M | 5.85M | 938.19K |
| Other Receivables | 15.37M | 15.37M | 14.34M | 1.65M | 15.49K | 131.08K |
| Receivables | 15.67M | 15.67M | 17.05M | 3.89M | 5.87M | 1.07M |
| Prepaid Expenses | 836.37K | 836.37K | 1.78M | 751.84K | 657.76K | 388.90K |
| Other Current Assets | 9.62M | 9.62M | 11.28M | 5.64M | 3.76M | 2.61M |
| Total Current Assets | 111.37M | 111.37M | 66.64M | 70.44M | 65.26M | 75.41M |
| Property, Plant & Equipment | 62.78M | 62.78M | 74.58M | 53.63M | 70.38M | 78.92M |
| Long-Term Investments | 38.00M | 38.00M | 38.00M | 38.00M | ||
| Goodwill | 162.38M | 162.38M | 196.29M | 196.29M | 196.29M | 194.75M |
| Other Intangible Assets | 32.48M | 32.48M | 46.26M | 58.89M | 76.12M | 93.35M |
| Other Long-Term Assets | 39.29M | 39.29M | 35.16M | 31.69M | 28.42M | 26.74M |
| Total Assets | 408.30M | 408.30M | 456.93M | 448.94M | 474.46M | 507.18M |
| Accrued Expenses | 18.72M | 18.72M | 22.42M | 21.00M | 26.45M | 24.76M |
| Current Portion of Long-Term Debt | 1.00M | 1.00M | ||||
| Current Portion of Leases | 15.30M | 15.30M | 18.09M | 13.11M | 16.92M | 17.35M |
| Current Income Taxes Payable | 1.08K | 14.83K | 22.78K | |||
| Current Unearned Revenue | 271.78M | 271.78M | 280.04M | 252.15M | 219.72M | 202.45M |
| Other Current Liabilities | 37.77M | 37.77M | 33.95M | 28.14M | 29.44M | 23.40M |
| Total Current Liabilities | 344.58M | 344.58M | 354.50M | 314.40M | 292.54M | 267.98M |
| Long-Term Debt | 15.03M | 15.03M | ||||
| Long-Term Leases | 14.62M | 14.62M | 17.12M | 9.50M | 19.53M | 23.37M |
| Long-Term Deferred Tax Liabilities | 2.09M | 2.09M | 5.66M | 12.07M | 18.88M | 24.93M |
| Total Liabilities | 376.32M | 376.32M | 377.28M | 335.97M | 330.95M | 316.28M |
| Common Stock | 4.78M | 4.78M | 4.76M | 4.73M | 4.72M | 4.72M |
| Additional Paid-In Capital | 548.77M | 548.77M | 547.92M | 545.22M | 542.06M | 540.58M |
| Retained Earnings | -475.85M | -475.85M | -427.81M | -391.71M | -358.05M | -310.16M |
| Treasury Stock | -8.20M | -8.20M | -8.20M | -8.20M | -8.63M | -9.82M |
| Comprehensive Income & Other | -37.45M | -37.45M | -36.95M | -37.00M | -37.00M | -37.56M |
| Total Common Equity | 32.05M | 32.05M | 79.71M | 113.04M | 143.10M | 187.77M |
| Minority Interest | -64.28K | -64.28K | -64.26K | -64.16K | 414.86K | 3.13M |
| Shareholders' Equity | 31.98M | 31.98M | 79.65M | 112.97M | 143.51M | 190.90M |
| Total Liabilities & Equity | 408.30M | 408.30M | 456.93M | 448.94M | 474.46M | 507.18M |
| Total Debt | 45.95M | 45.95M | 35.21M | 22.61M | 36.45M | 40.72M |
| Net Cash (Debt) | 39.28M | 39.28M | 1.32M | 37.56M | 18.53M | 30.62M |
| Net Cash Per Share | 1.24 | 1.24 | 0.04 | 1.20 | 0.59 | 0.98 |
| Filing Date Shares Outstanding | 42.82M | 42.82M | 31.66M | 31.46M | 31.44M | 31.50M |
| Total Common Shares Outstanding | 31.58M | 31.58M | 31.28M | 31.46M | 31.47M | 31.55M |
| Working Capital | -233.21M | -233.21M | -287.86M | -243.96M | -227.28M | -192.57M |
| Book Value Per Share | 1.01 | 1.01 | 2.55 | 3.59 | 4.55 | 5.95 |
| Tangible Book Value | -162.82M | -162.82M | -162.84M | -142.14M | -129.31M | -100.34M |
| Tangible Book Value Per Share | -5.15 | -5.15 | -5.21 | -4.52 | -4.11 | -3.18 |
| Buildings | 53.05M | 53.05M | 53.05M | 53.05M | 53.05M | 53.05M |
| Machinery | 8.30M | 8.30M | 9.29M | 5.89M | 5.93M | 6.07M |
| Leasehold Improvements | 12.43M | 12.43M | 12.43M | 5.56M | 8.48M | 8.61M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -48.05M | -48.05M | -36.10M | -33.66M | -47.89M | -33.65M |
| Depreciation & Amortization | 21.50M | 21.50M | 24.23M | 21.98M | 22.59M | 23.03M |
| Loss (Gain) From Sale of Assets | 97.35K | 97.35K | 377.17K | 893.00 | -1.31M | -33.52M |
| Asset Writedown & Restructuring Costs | 33.91M | 33.91M | ||||
| Loss (Gain) From Sale of Investments | -11.93M | -11.93M | 6.00M | |||
| Loss (Gain) on Equity Investments | -4.02K | |||||
| Stock-Based Compensation | 569.71K | 569.71K | 2.81M | 3.07M | 1.46M | 1.04M |
| Provision & Write-off of Bad Debts | 1.70M | 1.70M | ||||
| Other Operating Activities | -3.58M | -3.58M | -6.40M | -6.86M | -6.75M | -4.11M |
| Change in Accounts Receivable | 2.41M | 2.41M | -477.36K | 3.62M | -4.91M | 1.25M |
| Change in Unearned Revenue | -8.25M | -8.25M | 28.11M | 33.42M | 18.87M | 6.80M |
| Change in Income Taxes | -1.08K | -13.75K | -7.95K | -85.71K | ||
| Change in Other Net Operating Assets | -4.21M | -4.21M | -15.89M | -12.80M | 3.34M | 1.42M |
| Operating Cash Flow | -15.84M | -15.84M | -3.35M | 8.75M | -14.61M | -31.83M |
| Capital Expenditures | -1.28M | -1.28M | -20.02M | -2.24M | -1.62M | -4.45M |
| Sale of Property, Plant & Equipment | 53.82K | 53.82K | 56.05K | 14.85K | 6.01K | 22.49K |
| Cash Acquisitions | -198.33K | -1.44M | -312.34K | -4.64M | ||
| Divestitures | 49.93M | 49.93M | -89.54K | -165.44K | -832.81K | |
| Other Investing Activities | -300.00K | -400.00K | -125.00K | |||
| Investing Cash Flow | 48.71M | 48.71M | -20.26M | -3.97M | -2.49M | -10.03M |
| Short-Term Debt Issued | 2.71M | |||||
| Long-Term Debt Issued | 37.06M | 37.06M | ||||
| Total Debt Issued | 37.06M | 37.06M | 2.71M | |||
| Short-Term Debt Repaid | -2.00M | |||||
| Long-Term Debt Repaid | -21.03M | -21.03M | ||||
| Total Debt Repaid | -21.03M | -21.03M | -2.00M | |||
| Net Debt Issued (Repaid) | 16.03M | 16.03M | 710.00K | |||
| Issuance of Common Stock | 366.69K | 366.69K | 471.76K | 218.94K | 232.25K | |
| Repurchase of Common Stock | -57.58K | -57.58K | -93.70K | -68.33K | -30.73K | -114.73K |
| Financing Cash Flow | 16.34M | 16.34M | -93.70K | 403.44K | 188.21K | 827.52K |
| Foreign Exchange Rate Adjustments | -495.18K | -495.18K | 52.36K | -1.39K | 556.62K | -348.91K |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | ||||
| Net Cash Flow | 48.71M | 48.71M | -23.64M | 5.19M | -16.36M | -41.38M |
| Free Cash Flow | -17.12M | -17.12M | -23.37M | 6.51M | -16.23M | -36.29M |
| Free Cash Flow Margin | -6.39% | -6.39% | -8.72% | 2.94% | -7.85% | -17.94% |
| Free Cash Flow Per Share | -0.54 | -0.54 | -0.74 | 0.21 | -0.52 | -1.16 |
| Levered Free Cash Flow | -2.24M | -2.24M | -4.61M | 22.55M | 5.85M | -18.21M |
| Unlevered Free Cash Flow | -2.24M | -2.24M | -4.61M | 22.55M | 5.85M | -18.21M |
| Cash Interest Paid | 398.58K | 398.58K | 25.28K | |||
| Cash Income Tax Paid | -4.00 | 20.22K | 28.32K | 149.06K | ||
| Change in Working Capital | -10.05M | -10.05M | 11.74M | 24.23M | 17.29M | 9.38M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 44.14M | 25.10M | 26.20M | 36.42M | 39.83M | 33.27M |
| Enterprise Value | 38.52M | 20.74M | 26.23M | 31.47M | 36.26M | 29.21M |
| Last Close Price | 0.65 | 0.79 | 0.85 | 1.16 | 1.27 | 1.07 |
| Forward PE | 14.56 | 14.56 | 14.56 | 14.56 | 14.56 | |
| PS Ratio | 1.15 | 0.66 | 0.71 | 1.17 | 1.33 | 1.04 |
| PB Ratio | 4.48 | 5.49 | 2.40 | 2.29 | 1.91 | 1.11 |
| P/FCF Ratio | 39.66 | |||||
| P/OCF Ratio | 29.51 | |||||
| PEG Ratio | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | |
| EV/Sales Ratio | 1.00 | 0.54 | 0.71 | 1.01 | 1.21 | 0.92 |
| EV/FCF Ratio | 34.27 | |||||
| Debt / Equity Ratio | 1.44 | 1.44 | 0.44 | 0.20 | 0.25 | 0.21 |
| Debt / EBITDA Ratio | 3.52 | 3.52 | 7.01 | 9.04 | ||
| Debt / FCF Ratio | 3.47 | |||||
| Net Debt / Equity Ratio | -1.23 | -1.23 | -0.02 | -0.33 | -0.13 | -0.16 |
| Net Debt / EBITDA Ratio | 4.51 | 4.51 | 0.07 | 1.93 | 0.55 | 0.71 |
| Net Debt / FCF Ratio | 2.29 | 2.29 | 0.06 | -5.77 | 1.14 | 0.84 |
| Asset Turnover | 0.62 | 0.62 | 0.59 | 0.48 | 0.42 | 0.37 |
| Quick Ratio | 0.29 | 0.29 | 0.15 | 0.20 | 0.21 | 0.27 |
| Current Ratio | 0.32 | 0.32 | 0.19 | 0.22 | 0.22 | 0.28 |
| Return on Equity (ROE) | -86.08% | -86.08% | -37.48% | -26.29% | -29.06% | -16.60% |
| Return on Assets (ROA) | -4.36% | -4.36% | -5.94% | -5.62% | -7.21% | -7.66% |
| Return on Invested Capital (ROIC) | -55.99% | -41.41% | -39.67% | -38.70% | ||
| Return on Capital Employed (ROCE) | -47.40% | -47.40% | -42.00% | -30.80% | -31.10% | -27.80% |
| Earnings Yield | -33.46% | -27.37% | -18.88% | -13.04% | -17.44% | -15.92% |
| FCF Yield | -5.83% | -9.75% | -12.22% | 2.52% | -5.91% | -17.17% |
| Buyback Yield / Dilution | -0.68% | -0.68% | -0.30% | -0.06% | -0.01% | -0.14% |
| Total Shareholder Return | -0.68% | -0.68% | -0.30% | -0.06% | -0.01% | -0.14% |