Sunlands Tech Stock Price, News & Analysis

Sunlands Technology Group (NYSE: STG) has announced the filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. SEC on April 25, 2023. This report provides shareholders with audited consolidated financial statements and is accessible through the Company’s investor relations website and the SEC’s site. Sunlands is a leader in online education in China, offering a variety of post-secondary and professional courses via its interactive live streaming platform. The company focuses on personalized learning experiences and a robust knowledge management system to meet the educational needs of its students.

Sunlands Technology Group (NYSE: STG) reported a 1.7% decline in Q4 2022 net revenues to RMB578.6 million (US$83.9 million), while gross billings saw a larger drop of 23.3% year-over-year. However, Q4 net income increased to RMB181.0 million (US$26.2 million), up from RMB150.8 million in Q4 2021, resulting in a net income margin of 31.3%. New student enrollments reached 161,348, a 48.2% increase year-over-year. For full-year 2022, net revenues decreased by 7.4% to RMB2,323.1 million (US$336.8 million). Looking forward, the company expects Q1 2023 net revenues to be between RMB530 million and RMB550 million, reflecting a potential decline of 10.3% to 13.6% year-over-year.

Sunlands Technology Group (NYSE: STG) announced it will report its fourth quarter and full year 2022 unaudited financial results on March 24, 2023, before the U.S. market opens. A conference call is scheduled for 7:30 a.m. ET on the same day, inviting participants to discuss the results. The call will be accessible via multiple international dial-in numbers, and a live webcast will be available on the company's investor relations website. Sunlands is a leader in China's online post-secondary education, offering a range of degree and professional courses through a personalized learning platform.

Sunlands Technology Group (NYSE: STG) reported its Q3 2022 financial results, showing a 3.2% decline in net revenues year-over-year at RMB576.2 million (US$81.0 million). However, net income surged by 81.1% to RMB168.1 million (US$23.6 million) with a net income margin of 29.2%, up from 15.6% in Q3 2021. New student enrollments increased significantly by 44.7%, totaling 134,987. Operating expenses fell 24.5% from last year, supporting profitability despite the revenue decline.

Sunlands Technology Group (NYSE: STG), a leader in China's online education sector, will announce its third quarter 2022 unaudited financial results on November 23, 2022, before U.S. market open. The management will conduct a conference call at 6:30 a.m. ET the same day to discuss the results. Interested parties can join the call using the provided international and toll-free numbers, and a live webcast will be available on the company's investor relations website. A replay will be accessible until November 30, 2022.