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]

[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)

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 ...

Financial Data and Key Metrics Changes - The company reported a net income of RMB181 million for Q4 2022, with a full-year net income of RMB643 million, more than tripling from 2021 [5][15] - Net revenues for Q4 2022 were RMB578.6 million, representing a 1.7% year-over-year decrease but exceeding guidance by 7.1% [12][16] - The net income margin expanded to 31.3% in Q4 2022 from 25.6% in Q4 2021 [12] Business Line Data and Key Metrics Changes - New student enrollments increased by 48.2% year-over-year and 19.5% quarter-over-quarter in Q4 2022 [5] - Enrollments for professional certification preparation and skills programs grew 82.7% year-over-year and 22.4% quarter-over-quarter in Q4 2022 [9] Market Data and Key Metrics Changes - The company noted a structural shift in the industry, with consumers becoming more conservative in discretionary spending due to macroeconomic uncertainties [6][7] - Despite challenges, there is a sustained demand for certification programs and skills courses, indicating a shift in market dynamics [8][9] Company Strategy and Development Direction - The company is focusing on diversifying course content and enhancing service quality while improving student acquisition efficiency [5][9] - There is a strategic emphasis on professional certification and skills programs, reflecting market demand and consumer interest [8][9] - The company plans to explore new monetization opportunities and diversify product offerings to enhance resilience against market challenges [9][10] Management Comments on Operating Environment and Future Outlook - Management acknowledged the persistent macro uncertainties but expressed confidence in the company's cost control and efficiency strategies to emerge stronger [10][12] - For Q1 2023, the company expects net revenues to be between RMB530 million and RMB550 million, representing a year-over-year decrease of 10.3% to 13.6% [16] Other Important Information - Operating expenses decreased by 15.1% year-over-year in Q4 2022, contributing to enhanced profitability [12] - Cash, cash equivalents, and restricted cash totaled RMB757.4 million as of December 31, 2022 [15] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without further inquiries [18]

Sunlands Technology Group (NYSE:STG) Q3 2022 Earnings Conference Call November 23, 2022 6:30 AM ET Company Participants Yuhua Ye - IR Representative Selena Lu Lv - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to Sunland's Third Quarter 2022 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, Sunland's IR Representative. Pl ...

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 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 ...