Sunlands Technology Group Announces Unaudited First Quarter 2024 Financial Results
Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares (STG)
Company Research
Source: GlobeNewswire
BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s adult online education market and China’s adult personal interest learning market, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial and Operational Snapshots Net revenues were RMB523.2 million (US$72.5 million), compared to RMB566.9 million in the first quarter of 2023.Gross billings (non-GAAP) were RMB398.8 million (US$55.2 million), compared to RMB345.1 million in the first quarter of 2023.Gross profit was RMB446.1 million (US$61.8 million), compared to RMB498.7 million in the first quarter of 2023.Net income was RMB112.7 million (US$15.6 million), compared to RMB180.1 million in the first quarter of 2023.Net income margin1 was 21.5% in the first quarter of 2024, compared to 31.8% in the first quarter of 2023.New student enrollments2 were 175,758, compared to 143,179 in the first
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News
- Returns On Capital Are A Standout For Sunlands Technology Group (NYSE:STG) [Yahoo! Finance]Yahoo! Finance
- Sunlands Technology Group Announces Change to Board and Audit Committee Composition [Yahoo! Finance]Yahoo! Finance
- Sunlands Technology Group Announces Change to Board and Audit Committee CompositionGlobeNewswire
- Sunlands Technology Group Announces Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Sunlands Technology Group to Report First Quarter 2024 Financial Results on Friday, May 24, 2024GlobeNewswire
STG
Sec Filings
- 5/31/24 - Form 6-K
- 5/24/24 - Form 6-K
- 4/25/24 - Form 6-K
- STG's page on the SEC website