Sunlands Tech Stock Price, News & Analysis

Sunlands Technology Group (NYSE: STG) announced a rescheduling of its annual general meeting (AGM) from December 10, 2021, to December 2, 2021, in Beijing, China. The AGM will not include any proposals or resolutions for shareholder approval; instead, it will facilitate discussions between shareholders and management. The record date for shareholder eligibility is set for November 2, 2021. Shareholders can access the Company’s 2020 annual report on their investor relations website.

Sunlands Technology Group (NYSE: STG) will hold its annual general meeting (AGM) on December 10, 2021, at 3:00 PM Beijing time. The meeting will focus on open discussions between shareholders and management, with no formal proposals or resolutions to be voted on. Shareholders must be on record by November 2, 2021, to attend. Sunlands, a leader in China's online education sector, offers various post-secondary and professional courses through its innovative live streaming platform, fostering interactive learning through a proprietary knowledge management system.

Sunlands Technology Group (NYSE: STG) announced its compliance with the NYSE's listing requirements after receiving a notification on October 1, 2021. Previously, it was flagged for failing to meet the minimum average share price of $1.00, as reported on July 23, 2021. To regain compliance, Sunlands adjusted the ADS ratio of its Class A ordinary shares on August 31, 2021. The company confirmed that its average closing share price exceeded $1.00 for the 30 trading days ending September 30, 2021.

Sunlands Technology Group (NYSE: STG) received a letter from the NYSE on July 23, 2021, indicating non-compliance due to its ADS trading price falling below $1.00. The company has a six-month period to regain compliance, with measures including a change in the ADS ratio from 25:1 to 2:1, similar to a 2-for-25 reverse split. The effect of this change is set to occur on August 31, 2021. Though the ratio change is expected to proportionally increase the ADS price, there are no guarantees it will reach or exceed the prior levels.

Sunlands Technology Group (NYSE: STG) reported strong Q2 2021 results with net revenues of RMB629.5 million (US$97.5 million), a 22.8% increase year-over-year. Gross profit rose by 28.9% to RMB532.2 million (US$82.4 million), while net income reached RMB22.1 million (US$3.4 million), a significant improvement from a loss of RMB126.1 million in Q2 2020. New student enrollments increased by 4.8% year-over-year to 86,602. Looking ahead, the company expects Q3 revenues between RMB570 million to RMB590 million, reflecting a year-over-year growth of 5.2% to 8.9%.

Sunlands Technology Group (NYSE: STG) will announce its Q2 2021 financial results on August 18, 2021, before U.S. markets open. A conference call will follow at 8:00 a.m. Eastern Time. Investors can access the live webcast on the company's Investor Relations website. Sunlands, a leader in China's online education sector, provides both degree and professional courses via a live streaming platform, facilitating personalized learning experiences for students.

Sunlands Technology Group (NYSE: STG) reported its Q1 2021 financial results, showing a 22.9% increase in net revenues to RMB694.3 million (US$106.0 million). Gross billings rose by 14.9% to RMB593.7 million (US$90.6 million), while gross profit increased 25.6% to RMB587.9 million (US$89.7 million). The company's new student enrollments surged 107.6% year-over-year to 145,525. Despite a net loss of RMB53.3 million (US$8.1 million), the loss margin improved to 7.7%, down from 11.6% in Q1 2020.

Sunlands Technology Group (NYSE: STG) will announce its first quarter 2021 financial results on May 25, 2021, before U.S. market opening. Management will conduct a conference call at 8:00 a.m. ET on the same day. Investors can access the call via various international and local dial-in numbers. The call will be available live and archived on the company’s website. Sunlands is a leader in China's online education sector, providing post-secondary and professional courses through an interactive learning platform.

Sunlands Technology Group (NYSE: STG) announced the filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report is accessible on the Company's investor relations website and the SEC's site. Shareholders can request a hard copy of the annual report, which includes audited consolidated financial statements. Sunlands, a leader in China's online education sector, provides a range of post-secondary and professional courses through its interactive online platform, catering to the educational needs of its students.