Sunlands Tech Stock Price, News & Analysis

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.

Sunlands Technology Group (NYSE: STG) announced on March 25, 2021, the appointment of Ms. Jing Gao to its Board of Directors, effective the same day. This follows the resignation of Mr. Xiaochuan Wang, Mr. Zheng Du, and Mr. Gaoneng Ji from the Board, effective March 24, 2021. Ms. Gao has 16 years of experience within the company, most recently as Vice President, and brings significant insights into the Chinese adult continuing education market. The management change aims to leverage her expertise to enhance the company's technology and education offerings in China's online education sector.

Sunlands Technology Group (NYSE: STG) reported its fourth-quarter 2020 financial results, reflecting a 6.3% increase in net revenues to RMB584.6 million (US$89.6 million). Gross profit rose 8.6% year-over-year to RMB486.7 million (US$74.6 million), while net loss decreased 47.3% to RMB73.5 million (US$11.3 million), resulting in a net loss margin of 12.6%. New student enrollments surged by 51.8% to 140,726. For full-year 2020, net revenues reached RMB2,203.8 million (US$337.7 million), marking a 0.5% growth. Looking ahead, the company expects first-quarter 2021 revenues between RMB670 million and RMB690 million.

Sunlands Technology Group (NYSE: STG) will announce its fourth quarter and full year 2020 unaudited financial results on March 18, 2021. The announcement will occur before U.S. market opening. Following the results, the management will conduct a conference call at 8:00 a.m. ET for investors and analysts. Dial-in details for participating in the call are provided, and a live webcast will be available on the company's Investor Relations website. A replay of the conference call will be accessible until March 25, 2021.

Sunlands Technology Group (NYSE: STG) reported its Q3 2020 financial results, highlighting net revenues of RMB541.6 million (US$79.8 million), a 2.7% YoY increase. Gross billings also grew by 6.6% YoY to RMB654.3 million (US$96.4 million), with new student enrollments surging 47.8% to 140,819. Despite these gains, the company posted a net loss of RMB165.8 million (US$24.4 million), up from RMB129.8 million in Q3 2019, resulting in a net loss margin of 30.6%. The deferred revenue balance stood at RMB3,090.3 million (US$455.2 million) as of September 30, 2020.

Sunlands Technology Group (NYSE: STG), a leader in China's online education sector, announced its annual general meeting (AGM) to be held on December 10, 2020, at 3:00 PM Beijing time. The AGM will not include any proposals or resolutions for voting but will serve as a forum for dialogue between shareholders and management. The record date for shareholders to attend is set for November 2, 2020. Shareholders and ADS holders can find the Company’s 2019 annual report on its website or via email.

Sunlands Technology Group (NYSE: STG), a leader in China's online post-secondary education, will announce its Q3 2020 financial results on November 18, 2020, before U.S. market opening. A conference call will follow at 7:30 a.m. ET, providing insights into the company’s performance. Investors can access the live call via multiple dial-in numbers and a subsequent replay until November 25, 2020. Sunlands remains notable for its innovative learning platform and extensive educational offerings in the Chinese market, where it leads in gross billings.

Sunlands Technology Group (NYSE: STG) reported its Q2 2020 financial results, revealing net revenues of RMB512.5 million (US$72.5 million), a 7.3% decline year-over-year. Despite this, gross billings surged 21.3% to RMB531.5 million (US$75.2 million), marking the first growth in five quarters. The company faced a net loss of RMB126.1 million (US$17.9 million), significantly higher than the previous year's loss of RMB12.9 million. New student enrollments grew by 10.2% to 82,597, while deferred revenue stood at RMB3,066.6 million (US$434.0 million). Guidance for Q3 indicates revenues will be between RMB500 million to RMB520 million, reflecting potential decreases.

Sunlands Technology Group (NYSE: STG), a leader in China's online education sector, will announce its Q2 2020 financial results on August 14, 2020, before U.S. markets open. A conference call with management will follow at 7:30 a.m. ET. Investors can access dial-in details and a live webcast on Sunlands' Investor Relations website. Sunlands is recognized for its interactive online learning platform and comprehensive educational offerings tailored to professional certification.