Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2019 Financial Results
Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares (STG)
Company Research
Source: PR Newswire
Q4 net revenues decreased by 3.4% year-over-yearQ4 gross billings (non-GAAP) decreased by 15.5% year-over-yearQ4 new student enrollments[1] decreased by 22.6% year-over-year BEIJING, March 27, 2020 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter ended December 31, 2019.[1] New student enrollments for a given period refers to the total number of orders placed by students that newly enroll in at least one course during that period (including those students that enroll and then terminate their enrollment with us, excluding orders of our low-price courses). In June 2019, we introduced low-price courses, including "mini courses" and "RMB1 courses," to strengthen our competitiveness and improve customer experience. We offer such low-price courses mainly in the formats of recorded videos or short live streaming.Four
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