BEIJING, May 13, 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 that it will report its first quarter 2024 unaudited financial results on Friday, May 24, 2024, before the open of U.S. markets. Sunlands' management team will host a conference call at 7:00 a.m. U.S. Eastern Time, (7:00 p.m. Beijing/Hong Kong time) on May 24, 2024, following the q ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission file number: 001-38423 SUNLANDS TECHNOLOGY GROUP (Exact Name of Registrant as Specified in Its Charter) Building 6, Chaolai Science Park, No. 36 Chuangyuan Road, Chaoyang District Beijing, 100012, the People's Republic of China +86-10-52413738 (Address of Principal Executive Offices) Indicate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

Financial Data and Key Metrics Changes - The company reported a net profit of RMB155.2 million for Q4 2023, with a net profit margin of 28.6%, reflecting a strong financial foundation [5][17] - Revenue for Q4 2023 was RMB542 million, a 3.3% increase from the previous quarter, but a 6.4% decrease year-over-year [6][19] - For the full year 2023, total revenue was RMB2.16 billion, with a net income of RMB614.8 million, and a 15.4% increase in enrollment year-over-year [6][7] Business Line Data and Key Metrics Changes - Interest-based courses saw a significant 54.9% year-over-year growth, becoming a key growth driver for the company [7][8] - Degree-oriented post-secondary programs accounted for 24.7% of total revenue in 2023, while professional certifications and skills programs contributed 77.1% of total revenue with a 13.3% year-over-year increase [8][9] Market Data and Key Metrics Changes - The user search volume for adult interest training surged, indicating a growing focus among adults on personal interests and associated knowledge [9] - The demographic of users in the interest sector is broader, with a significant portion comprising middle-aged and elderly individuals [9][10] Company Strategy and Development Direction - The company aims to expand its offerings in the elderly learning market, recognizing the significant socioeconomic influence of the aging population in China [10][14] - Initiatives include educational travel packages that integrate courses with tourism activities, targeting diverse age groups [14][15] - The company is committed to ongoing share repurchases to enhance shareholder value [15][16] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of adapting to market dynamics and evolving user preferences, with a focus on operational excellence [5][17] - For Q1 2024, the company expects net revenues to be between RMB500 million and RMB520 million, reflecting a year-over-year decrease of 8.3% to 11.8% [22] Other Important Information - The company had RMB766.4 million in cash and cash equivalents as of December 31, 2023, compared to RMB757.4 million a year earlier [21] - Deferred revenue decreased to RMB1.1139 billion from RMB1.6909 billion year-over-year [22] Q&A Session Summary Question: No questions were raised during the Q&A session - The operator indicated that there were no further questions, concluding the session [23][24]

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 ...

Core Viewpoint - Sunlands Technology Group will report its fourth quarter and full year 2023 unaudited financial results on March 22, 2024, before U.S. markets open [1] Group 1: Financial Results Announcement - The financial results will be announced on March 22, 2024, before the market opens [1] - A conference call will be held at 7:00 a.m. U.S. Eastern Time on the same day [1] - Participants must register 30 minutes prior to the call to receive dial-in details [1] Group 2: Company Overview - Sunlands Technology Group is a leader in China's online post-secondary and professional education [3] - The company offers a variety of degree and diploma-oriented courses, as well as professional courses and educational content [3] - Sunlands utilizes a unique Learning Outcome Trees system for organizing educational content [3]

Sunlands Technology Group (NYSE:STG) Q3 2023 Earnings Conference Call November 22, 2023 6:30 AM ET Company Participants Yuhua Ye - Investor Relations Tongbo Liu - Chief Executive Officer Hangyu Li - Financial Controller Operator Ladies and gentlemen, thank you for standing by, and welcome to Sunlands' Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. I will now turn the call over to your host today, Yuhua, Sunlands ...

Sunlands Technology Group (NYSE:STG) Q2 2023 Earnings Call Transcript August 16, 2023 3:30 AM ET Company Participants Yuhua Ye - Investor Relations Tongbo Liu - Chief Executive Officer Hangyu Li - Financial Controller Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to Sunlands Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's conference call is being recorded. I will now turn the call over to you ...

Exhibit 99.1 Sunlands Technology Group Announces Unaudited Second Quarter 2023 Financial Results Q2 net revenues decreased by 5.2% year-over-year Q2 gross billings (non-GAAP) decreased by 4.2% year-over-year Q2 net income reached RMB173.9 million BEIJING, August 18, 2023 -- 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 second quarter ended June 30, 2023. Second ...

Financial Data and Key Metrics Changes - In Q1 2023, the company's net revenue was RMB566.9 million, a decrease of 7.6% year-over-year [13][14] - Net income slightly increased to RMB180.1 million, compared to RMB179.4 million in Q1 2022, marking the eighth consecutive quarter of profitability with a net income margin of 31.8% [5][16] - Gross profit margin increased by 3.8 percentage points to a record high of 88% [6] Business Line Data and Key Metrics Changes - Post-secondary programs saw a decline in new student enrollments and course payings due to reduced marketing and increased competition [7] - Revenue from professional certification preparation and professional skills courses increased by over 15.9% year-over-year, while interest courses experienced a remarkable growth rate of 105.7% [8] Market Data and Key Metrics Changes - The youth unemployment rate for individuals aged 16 to 24 reached 20.4% in April 2023, driving demand for online education as job seekers look to enhance their skillsets [9][10] - The domestic economy is recovering, leading to an overall improvement in the employment situation, which may positively impact the online education sector [10] Company Strategy and Development Direction - The company is focused on diversifying course content, optimizing student acquisition processes, and maintaining cost-saving strategies to support long-term growth [6][11] - There is a commitment to delivering high-quality post-secondary courses and adapting educational offerings to meet evolving learner demands [8][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged persistent macro-uncertainties and evolving market dynamics affecting customer behavior, leading to a decrease in net revenues [11] - The company maintains a positive outlook for long-term growth prospects and plans to expand its portfolio of online course offerings [14][17] Other Important Information - As of March 31, 2023, the company had RMB721.8 million in cash and cash equivalents and a deferred revenue balance of RMB1,513.9 million [17] - Capital expenditures in Q1 2023 were RMB3.8 million, primarily for IT infrastructure and leasehold improvements [17] Q&A Session Summary Question: What is the outlook for the second quarter of 2023? - The company expects net revenues to be between RMB480 million to RMB500 million, representing a decrease of 9.9% to 13.5% year-over-year based on current market conditions [17]