ATA Creativity Global (AACG) Q1 2024 Earnings Call Transcript

ATA Creativity Global (NASDAQ:AACG) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ET

Company Participants

Alice Zhang – Equity Group
Ruobai Sima – Chief Financial Officer
Kevin Ma – Chairman and Chief Executive Officer

Conference Call Participants

Louis Fan – The Benchmark Company

Operator

Greetings. Welcome to ATA Creativity Global's First Quarter 2024 Financial Results Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to Alice Zhang with the Equity Group. Thank you. You may begin.

Alice Zhang

Thank you operator and hello everyone. Thank you for joining us. The press release announcing ATA Creativity Global's, or ACG's results for the first quarter ended March 31, 2024 is available at the IR section of the company's website at www.atai.net.cn. As part of this conference call, the company has an accompanying slide presentation available on its website. A replay of this broadcast will also be made available at ACG's website for the next 90 days.

Before we get started, I would like to remind everyone that this conference call and any accompanying information discussed herein contain certain forward-looking statements within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as anticipate, believe, could, estimate, expect, forecast, future, intend, look forward to, outlook, guidance, plans, should, will, and similar terms, and include, among other things, statements regarding ACG's future growth and results of operations, ACG's plans for mergers and acquisitions generally, ACG's growth strategy, anticipated growth prospects and subsequent business activities, ACG's 2024 guidance, market demand for and market acceptance and competitiveness of ACG's portfolio training programs and other education services.