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 ...

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Sunlands Technology Group (NYSE:STG) Q1 2021 Results Earnings Conference Call May 25, 2021 8:00 AM ET Company Participants Yuhua Ye - Investor Relations Tongbo Liu - Chief Executive Officer Lu Lv - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to Sunlands' First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After prepared remarks by the management team, there will be a question-and- ...