Sunlands Technology Group Announces Unaudited Third Quarter 2024 Financial Results
Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares (STG)
Company Research
Source: GlobeNewswire
BEIJING, Nov. 22, 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 third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Snapshots Net revenues were RMB491.3 million (US$70.0 million), compared to RMB524.6 million in the third quarter of 2023.Gross billings (non-GAAP) were RMB360.3 million (US$51.3 million), compared to RMB390.0 million in the third quarter of 2023.Gross profit was RMB409.2 million (US$58.3 million), compared to RMB460.5 million in the third quarter of 2023.Net income was RMB89.3 million (US$12.7 million), compared to RMB131.6 million in the third quarter of 2023.Net income margin1 was 18.2% in the third quarter of 2024, compared to 25.1% in the third quarter of 2023.New student enrollments2 were 158,395, compared to 154,299 in the t
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News
- Under The Bonnet, Sunlands Technology Group's (NYSE:STG) Returns Look Impressive [Yahoo! Finance]Yahoo! Finance
- Sunlands Technology Group to Report Third Quarter 2024 Financial Results on Friday, November 22, 2024GlobeNewswire
- Sunlands Technology Group to Hold Annual General Meeting on December 10, 2024GlobeNewswire
STG
Sec Filings
- 11/22/24 - Form 6-K
- 10/17/24 - Form 6-K
- STG's page on the SEC website