Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results
Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares (STG)
Company Research
Source: GlobeNewswire
BEIJING, March 22, 2024 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial and Operational Snapshots Net revenues were RMB541.7 million (US$76.3 million), compared to RMB578.6 million in the fourth quarter of 2022.Gross billings (non-GAAP) were RMB415.5 million (US$58.5 million), compared to RMB370.8 million in the fourth quarter of 2022.Gross profit was RMB468.0 million (US$65.9 million), compared to RMB503.3 million in the fourth quarter of 2022.Net income was RMB155.2 million (US$21.9 million), compared to RMB181.0 million in the fourth quarter of 2022.Net income margin1 was 28.6% in the fourth quarter of 2023, compared to 31.3% in the fourth quarter of 2022.New student enrollments2 were 164
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STG
News
- Sunlands Technology Group Files its Annual Report on Form 20-FGlobeNewswire
- Sunlands Technology Group (NYSE:STG) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sunlands Technology GAAP EPS of $3.18, revenue of $76.3M; initiates Q1 outlook [Seeking Alpha]Seeking Alpha
- Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Sunlands Technology Group to Report Fourth Quarter and Full Year 2023 Financial Results on Friday, March 22, 2024GlobeNewswire
STG
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 3/22/24 - Form 6-K
- STG's page on the SEC website