Sunlands Online Education Group

Sunlands Technology Group operates as a holding which provides on line post-secondary and professional education. The firm offers various degree-and diploma-oriented post-secondary courses through online platforms. It also provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills. The company was founded by Peng Ou in August 2003 and is headquartered in Beijing, China.

Earnings data Q1 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sunlands Online Education Group reports robust Q1 performance and growth opportunities

Sunlands Online Education Group demonstrated strong financial performance and operational resilience in Q1 2024, driven by revenue growth and enrollment expansion.
While facing challenges in certain financial metrics, the company's strategic focus on innovation and student-centric initiatives presents opportunities for sustained growth and market leadership.
With a solid financial foundation and a commitment to enhancing its offerings, Sunlands Online Education Group is well-positioned to navigate market dynamics and capitalize on the increasing demand for online education.

Sunlands reports resilient Q2 earnings, eyes growth in education sectors

Sunlands Online Education Group demonstrated financial resilience and profitability in Q2 2024 despite a slight decline in net revenues.
The company's strategic focus on brand enhancement, product quality, and operational efficiency positions it well for future growth.
Opportunities in interest-based education, AI integration, and new ventures offer avenues for revenue growth and market expansion.

Sunlands reports mixed Q3 results, focuses on innovation and growth

Sunlands Online Education Group reported mixed financial performance in Q3 2024, with revenue decline but increased net profit, driven by steady enrollments and key course programs.
The company's focus on brand strength, user experience, and innovation positions it well for future growth despite challenges in net revenues and market competition.
Strategic adjustments and a proactive approach to market trends can help Sunlands navigate challenges and capitalize on opportunities in the evolving online education landscape.
Overall, Sunlands' commitment to quality education and market responsiveness underscores its potential for sustained growth and resilience in a dynamic industry.

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Sunlands Technology Group operates as a holding company, which engages in online post-secondary and professional education. It offers various degree-and diploma-oriented post-secondary courses through online platforms. It also provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills. The company was founded by Peng Ou in August 2003 and is headquartered in Beijing, China.

BEIJING, May 12, 2023 (GLOBE NEWSWIRE) -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will report its first quarter 2023 unaudited financial results on Thursday, May 25, 2023, before the open of U.S. markets. Sunlands' management team will host a conference call at 7:00 a.m.

Sunlands Technology Group to Report First Quarter 2023 Financial Results on Thursday May 25, 2023

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. Today's conference call is being recorded.

Sunlands Technology Group (STG) Q4 2022 Earnings Call Transcript

Q4 net revenues decreased by 1.7% year-over-year Q4 gross billings (non-GAAP) decreased by 23.3% year-over-year Q4 net income reached RMB181.0 million BEIJING , March 24, 2023 /PRNewswire/ -- 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 ended December 31, 2022. Fourth Quarter 2022  Financial and Operational Snapshots Net revenues were RMB578.6 million (US$83.9 million), representing a 1.7% decrease year-over-year.

Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2022 Financial Results

Earnings Call Scheduled for 7:30 a.m. ET on March 24, 2023 BEIJING , March 9, 2023 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will report its fourth quarter and full year 2022 unaudited financial results on Friday, March 24, 2023, before the open of U.S. markets.

Sunlands Technology Group to Report Fourth Quarter and Full Year 2022 Financial Results on Friday, March 24, 2023

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.

Sunlands Technology Group (STG) Q3 2022 Earnings Call Transcript

Q3 net revenues decreased by 3.2% year-over-yearQ3 New student enrollments [1]  increased by 44.7% year-over-year Q3 net income reached RMB168.1 million BEIJING , Nov. 23, 2022 /PRNewswire/ -- 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 third quarter ended September 30, 2022. Third Quarter 2022  Financial and Operational Snapshots Net revenues were RMB576.2 million (US$81.0 million), representing a 3.2% decrease year-over-year.

Sunlands Technology Group Announces Unaudited Third Quarter 2022 Financial Results

Earnings Call Scheduled for 6:30 a.m. ET on November 23, 2022 BEIJING , Nov. 9, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will report its third quarter 2022 unaudited financial results on Wednesday, November 23, 2022, before the open of U.S. markets.

Sunlands Technology Group to Report Third Quarter 2022 Financial Results on Wednesday, November 23, 2022

NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A.

The Rosen Law Firm, P.A. Updates Investors in the Sunlands Technology Group Securities Class Action – STG

BEIJING , Oct. 17, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will hold its annual general meeting of shareholders (the "AGM") at 7th Floor Building 6, Chaolai Science Park, No. 36 Chuangyuan Road, Chaoyang District, Beijing, the People's Republic of China on December 2, 2022 at 3:00 pm (Beijing time).

Sunlands Technology Group to Hold Annual General Meeting on December 2, 2022

Sunlands Technology Group (NYSE:STG ) Q2 2022 Earnings Conference Call August 18, 2022 7:30 AM ET Company Participants Yuhua Ye - IR Representative Tongbo Liu - CEO Selena Lu Lv - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. And welcome to Sunlands' Second Quarter 2022 Earnings Conference Call.

Sunlands Technology Group (STG) CEO Tongbo Liu on Q2 2022 Results - Earnings Call Transcript

Q2 net revenues decreased by 11.8% year-over-yearQ2 New student enrollments [1]  increased by 39.4% year-over-yearQ2 net income reached RMB114.6 million BEIJING , Aug. 18, 2022 /PRNewswire/ -- 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, 2022. Second Quarter 202 2 Financial and Operational Snapshots Net revenues were RMB555.0 million (US$82.9 million), representing an 11.8% decrease year-over-year.

Sunlands Technology Group Announces Unaudited Second Quarter 2022 Financial Results

Earnings Call Scheduled for 7:30 a.m. ET on August 18, 2022 BEIJING , Aug. 12, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will report its second quarter 2022 unaudited financial results on Thursday, August 18, 2022, before the open of U.S. markets.

Sunlands Technology Group to Report Second Quarter 2022 Financial Results on Thursday, August 18, 2022

BEIJING , June 14, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that the Board of Directors of the Company has declared a special cash dividend of US$1.36 per ordinary share, or US$0.68 per American Depositary Share ("ADS") to holders of the Company's ordinary shares and ADSs of record at the close of business on June 30, 2022, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. Dividends to such holders are expected to be distributed on or about July 29, 2022.

Sunlands Technology Group Announces Special Cash Dividend

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.

Sunlands Technology Group (STG) CEO Tongbo Liu on Q1 2022 Results - Earnings Call Transcript

Q1 net revenues decreased by 11.7% year-over-yearQ1 gross billings (non-GAAP) decreased by 34.2% year-over-yearQ1 net income reached RMB179.4 million BEIJING, May 31, 2022 /PRNewswire/ -- 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 first quarter ended March 31, 2022. First Quarter 202 2 Financial and Operational Snapshots Net revenues were RMB613.3 million (US$96.7 million), representing an 11.7% decrease year-over-year.

Sunlands Technology Group Announces Unaudited First Quarter 2022 Financial Results

Earnings Call Scheduled for 7:30 a.m. ET on May 31, 2022 BEIJING, May 24, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will report its first quarter 2022 unaudited financial results on Tuesday, May 31, 2022, before the open of U.S. markets.

Sunlands Technology Group to Report First Quarter 2022 Financial Results on Tuesday, May 31, 2022

BEIJING , May 5, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that that on May 4, 2022, the Securities and Exchange Commission (the "SEC") provisionally listed the Company as a "Commission-Identified Issuer" under the Holding Foreign Companies Accountable Act of the United States (the "HFCAA"). This identification was expected by the Company as a routine application procedure following the Company's filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021 on April 27, 2022.

Sunlands Provides Update on its Status under the Holding Foreign Companies Accountable Act

Sunlands Technology Group's (STG) CEO Tongbo Liu on Q4 2021 Results - Earnings Call Transcript

Q4 net revenues increased by 0.7% year-over-yearQ4 gross billings (non-GAAP) decreased by 25.3% year-over-yearQ4 net income reached RMB150.8 million BEIJING, April 8, 2022 /PRNewswire/ -- 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 ended December 31, 2021. Fourth Quarter 2021  Financial and Operational Snapshots Net revenues were RMB588.9 million (US$92.4 million), representing a 0.7% increase year-over-year.

Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2021 Financial Results

BEIJING, March 29, 2022 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that it will report its fourth quarter and full year 2021 unaudited financial results on Friday, April 8, 2022, before the open of U.S. markets. Sunlands' management team will host a conference call at 7:30 a.m.

Sunlands Technology Group to Report Fourth Quarter and Full Year 2021 Financial Results on Friday, April 8, 2022

The stock price of Sunlands Technology Group (NYSE: STG) increased by over 10% pre-market today. This is why it happened.

Sunlands Technology Stock (STG): Why The Stock Price Increased Today

BEIJING, Dec. 6, 2021 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced that its Board of Directors has approved a share repurchase program under which the Company is authorized to repurchase up to US$15 million of its Class A ordinary shares in the form of American depositary shares over the next 24 months. Mr. Tongbo Liu, Chief Executive Officer of Sunlands, said, "The share repurchase program reflects the strength of our capital position and confidence in delivering sustained, long-term performance for our shareholders.

Sunlands Technology Group Announces $15 Million Share Repurchase Program

The stock price of Sunlands Technology Group (NYSE: STG) increased by over 25% during intraday trading today. This is why it happened.

Sunlands Technology Group (STG) Stock: Why The Price Surged Today

Sunlands Technology Group (STG) CEO Tongbo Liu on Q3 2021 Results - Earnings Call Transcript

Q3 net revenues increased by 9.9% year-over-yearQ3 gross billings (non-GAAP) decreased by 29.3% year-over-yearQ3 net income reached RMB92.8 million BEIJING, Nov. 23, 2021 /PRNewswire/ -- 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 third quarter ended September 30, 2021. Third  Quarter 2021  Financial and Operational Snapshots Net revenues were RMB595.1 million (US$92.4 million), representing a 9.9% increase year-over-year.

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