Sunlands(STG)

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Sunlands(STG) - 2022 Q4 - Annual Report
2023-04-24 16:00
[Form 6-K Filing](index=1&type=section&id=Form%206-K%20Filing) [Filing Information](index=1&type=section&id=Filing%20Information) This document is a Report of Foreign Issuer on Form 6-K filed by Sunlands Technology Group for April 2023, with the company registered in the People's Republic of China and filing annual reports under Form 20-F - Company: **Sunlands Technology Group**[1](index=1&type=chunk) - Filing Type: **Form 6-K** for April 2023[1](index=1&type=chunk) - Commission File Number: **001-38423**[1](index=1&type=chunk) - The registrant files annual reports under **Form 20-F**[1](index=1&type=chunk) [Exhibit Index](index=2&type=section&id=Exhibit%20Index) The report includes one exhibit, a press release, filed under Exhibit 99.1 - The filing contains **Exhibit 99.1**, which is a Press Release[2](index=2&type=chunk) [Signature](index=3&type=section&id=Signature) The report was signed and authorized on April 25, 2023, by Lu Lv, the Chief Financial Officer of Sunlands Technology Group - The report was duly signed on behalf of the registrant[3](index=3&type=chunk) - Date of Signature: **April 25, 2023**[4](index=4&type=chunk) - Signatory: **Lu Lv**, Chief Financial Officer[4](index=4&type=chunk)
Sunlands(STG) - 2022 Q4 - Annual Report
2023-04-24 16:00
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, 2022. 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 ...
Sunlands(STG) - 2022 Q4 - Earnings Call Transcript
2023-03-24 18:15
Sunlands Technology Group (NYSE:STG) Q4 2022 Earnings Conference Call March 24, 2023 7:30 AM ET Company Participants Yuhua Ye - Investor Relations Tongbo Liu - Chief Executive Officer Selena Lu Lv - Chief Financial Officer Hangyu Li - Financial Controller Operator Ladies and gentlemen, thank you for standing by and welcome to Sunlands Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. Today’s conference call is being recorded. I would now li ...
Sunlands(STG) - 2022 Q2 - Earnings Call Transcript
2022-08-18 13:57
Financial Data and Key Metrics Changes - The company achieved a net income of RMB114.6 million, representing a fourfold increase year-over-year [5] - Net revenues decreased by 11.8% year-over-year to RMB555 million [15] - Operating expenses decreased by 32.4% year-over-year to RMB351.2 million [16] - Gross profit decreased by 12.9% to RMB463.8 million from RMB532.2 million [16] - Basic and diluted net income per share was RMB16.89 million in the second quarter of 2022 [17] Business Line Data and Key Metrics Changes - New student enrollments increased by 39.4% year-over-year [5] - Professional certification and skills programs grew by 82.9% year-over-year, driven by a 94.9% increase in new student enrollments [8] - Net revenues from professional courses increased by 13.3% year-over-year [8] Market Data and Key Metrics Changes - The company experienced a decrease in gross billings due to strategic reductions in marketing activities and increased competition [10] - The deferred revenue balance decreased to RMB1,998.1 million from RMB2,348.2 million as of December 31, 2021 [17] Company Strategy and Development Direction - The company emphasized operating efficiency and solid execution of business strategies to navigate external uncertainties [5] - Focus on optimizing product mix and expanding course portfolio to improve operational results [5] - Plans to develop diverse skill and interest courses while enhancing teaching and service quality [13] Management's Comments on Operating Environment and Future Outlook - Management noted a conservative approach in operations due to the complex microenvironment and emphasized cost reduction and efficiency improvement [7] - The company remains optimistic about long-term growth through broadening online course offerings and streamlining cost structure [14] - For Q3 2022, the company expects net revenue to be between RMB520 million to RMB540 million, reflecting a decrease of 9.3% to 12.6% year-over-year [18] Other Important Information - The company declared a special cash dividend following four consecutive quarters of profitability [13] - The Chinese government is supporting diverse forms of education, enhancing confidence in the industry [12] Q&A Session Summary - No specific questions or answers were recorded in the provided content. [19][20]
Sunlands(STG) - 2022 Q1 - Earnings Call Transcript
2022-05-31 13:10
Sunlands Technology Group (NYSE:STG) Q1 2022 Earnings Conference Call May 31, 2022 7:30 AM ET Company Participants Yuhua Ye - Investor Relations Representative Tongbo Liu - Chief Executive Officer Selena Lu Lv - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. And welcome to Sunlands’ First Quarter 2022 Earnings Conference Call. [Operator Instructions] Today’s conference call is being recorded. I will now turn the call over to your host today, Yu ...
Sunlands(STG) - 2021 Q4 - Earnings Call Transcript
2022-04-08 13:58
Sunlands Technology Group (NYSE:STG) Q4 2021 Earnings Conference Call April 8, 2022 7:30 AM ET Company Participants Yuhua Ye - Investor Relations Representative Tongbo Liu - Chief Executive Officer Selena Lu Lv - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. And welcome to Sunlands’ Fourth Quarter and Full Year 2021 Earnings Conference Call. Today’s conference call is being recorded. I would now like to turn the call over to your host today, Y ...
Sunlands(STG) - 2021 Q3 - Earnings Call Transcript
2021-11-23 16:02
Sunlands Technology Group (NYSE:STG) Q3 2021 Earnings Conference Call November 23, 2021 7:00 AM ET Company Participants Yuhua Ye - IR Tongbo Liu - CEO Selena Lu Lv - CFO Operator Ladies and gentlemen, thank you for standing by, and welcome to Sunlands' Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After prepared remarks by management there will be a question and answer session. Today's conference call is being recorded. If you have any objections, you ...