Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) - STG STOCK NEWS

Sunlands Technology Group (NYSE: STG) reported its Q3 2022 financial results, showing a 3.2% decline in net revenues year-over-year at RMB576.2 million (US$81.0 million). However, net income surged by 81.1% to RMB168.1 million (US$23.6 million) with a net income margin of 29.2%, up from 15.6% in Q3 2021. New student enrollments increased significantly by 44.7%, totaling 134,987. Operating expenses fell 24.5% from last year, supporting profitability despite the revenue decline.

Sunlands Technology Group (NYSE: STG), a leader in China's online education sector, will announce its third quarter 2022 unaudited financial results on November 23, 2022, before U.S. market open. The management will conduct a conference call at 6:30 a.m. ET the same day to discuss the results. Interested parties can join the call using the provided international and toll-free numbers, and a live webcast will be available on the company's investor relations website. A replay will be accessible until November 30, 2022.

Sunlands Technology Group (NYSE: STG) announced its annual general meeting (AGM) to be held on December 2, 2022, at its Beijing office. The AGM will not involve any voting or resolutions but will provide a platform for shareholders and ADS holders to discuss company affairs with management. The record date for attending the AGM is November 2, 2022. Shareholders can access the 2021 annual report via the company's website. Sunlands specializes in online post-secondary and professional education, offering diverse courses through a live streaming platform.

Sunlands Technology Group (NYSE: STG) reported its Q2 2022 financial results, with net revenues of RMB555.0 million (US$82.9 million), an 11.8% decline year-over-year. Despite the revenue drop, net income surged 418.9% to RMB114.6 million (US$17.1 million), reflecting strong operating efficiency and a 39.4% increase in new student enrollments, totaling 120,763. The company's deferred revenue stood at RMB1,998.1 million (US$298.3 million) as of June 30, 2022. For Q3 2022, Sunlands forecasts revenues between RMB520 million and RMB540 million, indicating a potential 9.3% to 12.6% decrease year-over-year.

Sunlands Technology Group (NYSE: STG) will report its second quarter 2022 unaudited financial results on August 18, 2022, before U.S. markets open. The earnings call is scheduled for 7:30 a.m. ET.

Sunlands is a leader in China's online education sector, specializing in post-secondary and professional education through a live-streaming platform. The call will provide insights into the company's performance and future outlook, offering investors a chance to assess its financial health.

Sunlands Technology Group (NYSE: STG) announced a special cash dividend of US$1.36 per ordinary share, payable to shareholders of record on June 30, 2022, with distribution expected on July 29, 2022. This decision follows a record net profit of RMB176.5 million in Q1, reflecting the company's commitment to returning value to shareholders while maintaining operational flexibility. CEO Tongbo Liu expressed confidence in growth prospects and a favorable dividend policy going forward.

Sunlands Technology Group (NYSE: STG) reported Q1 2022 financial results, revealing a 11.7% year-over-year decrease in net revenues to RMB613.3 million (US$96.7 million), largely driven by a 34.2% drop in gross billings. However, net income reached RMB179.4 million (US$28.3 million), a significant turnaround from a net loss of RMB53.3 million in Q1 2021. The company noted a 19.5% decrease in new student enrollments and a 51.4% reduction in sales and marketing expenses, highlighting a focus on cost management while striving for sustainable growth.

Sunlands Technology Group (NYSE: STG) will release its first quarter 2022 unaudited financial results on May 31, 2022, before U.S. markets open. A conference call will follow at 7:30 a.m. ET to discuss the results. Sunlands, a leader in China's online post-secondary education, uses a live streaming platform for various degree and diploma courses, aiming to cater to professional certification needs. The educational offerings are tailored using a proprietary knowledge management system, enhancing personalized learning experiences.

Sunlands Technology Group (NYSE: STG) announced on May 4, 2022, that it has been provisionally listed as a "Commission-Identified Issuer" under the Holding Foreign Companies Accountable Act. This follows the SEC's review of the Company's annual report for the fiscal year ended December 31, 2021, submitted on April 27, 2022. The listing indicates that its auditor's working papers are not fully inspectable by the PCAOB. Sunlands is actively monitoring this situation to protect shareholder interests while complying with regulations in both China and the U.S.