Earnings Call Summary | ATA Creativity Global(AACG.US) Q1 2024 Earnings Conference
Earnings Call Summary | ATA Creativity Global(AACG.US) Q1 2024 Earnings Conference
The following is a summary of the ATA Creativity Global (AACG) Q1 2024 Earnings Call Transcript:
以下是ATA Creativity Global（AACG）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
ATA Creativity Global's Q1 2024 total net revenues increased by 13.7%, largely due to growth in portfolio training services as a result of higher student enrollment and delivered credit hours.
The company reported a gross margin of 45.5%, an improvement from 44.3% in Q1 2023. The net loss remained relatively consistent at RMB17.9 million in Q1 2024, primarily because of increased sales expenses related to team expansion.
The company's balance sheet indicates a strong financial status, with US$8 million in cash and cash equivalents.
ATA Creativity Global2024年第一季度的总净收入增长了13.7％，这主要是由于学生入学人数和提供学分时数增加所导致的组合培训服务的增长。
该公司报告的毛利率为45.5％，较2023年第一季度的44.3％有所改善。2024年第一季度的净亏损相对稳定，为人民币1,790万元，这主要是由于与团队扩张相关的销售费用增加。
该公司的资产负债表显示出强劲的财务状况，拥有800万美元的现金和现金等价物。
Business Progress:
业务进展：
ATA Creativity Global's full-year revenue projection for 2024 ranges between RMB233 million and RMB255 million, indicating a potential growth of 5% to 15% from 2023.
The company's recent events such as 'Open Hack Shanghai Fashion Week program' and United Nations Art Bootcamp focusing on sustainable development goals saw positive response.
ATA Creativity Global plans to grow their core portfolio training service business and strengthen their operational infrastructure in 2024.
The company is optimistic about prospective opportunities in the industry amidst ongoing exploration of potential mergers and acquisitions.
ATA Creativity Global对2024年的全年收入预测介于 RMB233 百万美元至 RMB255 百万美元之间，表明从2023年起潜在增长5％至15％。
该公司最近举办的 “Open Hack 上海时装周项目” 和以可持续发展目标为重点的联合国艺术训练营等活动得到了积极回应。
ATA Creativity Global计划在2024年发展其核心投资组合培训服务业务并加强其运营基础设施。
在持续探索潜在合并和收购的背景下，该公司对该行业的潜在机会持乐观态度。
More details: ATA Creativity Global IR
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译文内容由第三方软件翻译。