Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: CN¥27.14 (vs CN¥25.06 in FY 2024) Full year 2025 results: EPS: CN¥27.14 (up from CN¥25.06 in FY 2024). Revenue: CN¥2.02b (up 1.5% from FY 2024). Net income: CN¥365.6m (up 6.9% from FY 2024). Profit margin: 18% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Sunlands Technology Group Provides Earnings Guidance for the First Quarter of 2026 Sunlands Technology Group provided earnings guidance for the first quarter of 2026. For the quarter, the company currently expects net revenues to be between RMB 420 million to RMB 440 million, which would represent a decrease of 9.8% to 13.9% year-over-year. The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. Announcement • Mar 03
Sunlands Technology Group to Report Q4, 2025 Results on Mar 19, 2026 Sunlands Technology Group announced that they will report Q4, 2025 results Pre-Market on Mar 19, 2026 New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$73.6m market cap). Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: CN¥9.32 (vs CN¥6.54 in 3Q 2024) Third quarter 2025 results: EPS: CN¥9.32 (up from CN¥6.54 in 3Q 2024). Revenue: CN¥523.0m (up 6.5% from 3Q 2024). Net income: CN¥125.4m (up 41% from 3Q 2024). Profit margin: 24% (up from 18% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Nov 20
Sunlands Technology Group Provides Earnings Guidance for the Fourth Quarter of 2025 Sunlands Technology Group provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects net revenues to be between RMB 440 million to RMB 460 million, which would represent a decrease of 4.9% to 9.0% year-over-year. Announcement • Nov 14
Sunlands Technology Group, Annual General Meeting, Dec 19, 2025 Sunlands Technology Group, Annual General Meeting, Dec 19, 2025, at 15:00 China Standard Time. Location: 7th floor building 6 chaolai science park, no. 36 chuangyuan road, chaoyang district, beijing China Announcement • Nov 05
Sunlands Technology Group to Report Q3, 2025 Results on Nov 20, 2025 Sunlands Technology Group announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 20, 2025 New Risk • Oct 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$99.9m market cap). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$8.28, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 20x in the Consumer Services industry in the US. Total returns to shareholders of 104% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CN¥9.38 (vs CN¥6.00 in 2Q 2024) Second quarter 2025 results: EPS: CN¥9.38 (up from CN¥6.00 in 2Q 2024). Revenue: CN¥539.0m (up 9.5% from 2Q 2024). Net income: CN¥126.6m (up 54% from 2Q 2024). Profit margin: 24% (up from 17% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Aug 14
Sunlands Technology Group Provides Earnings Guidance for the Third Quarter of 2025 Sunlands Technology Group provided earnings guidance for the third quarter of 2025. For the quarter, the company expects net revenues to be between RMB500 million to RMB520 million, which would represent an increase of 1.8% to 5.8% year-over-year. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$9.20, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 18x in the Consumer Services industry in the US. Total returns to shareholders of 65% over the past three years. Announcement • Jul 28
Sunlands Technology Group to Report Q2, 2025 Results on Aug 14, 2025 Sunlands Technology Group announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025 Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to US$7.36, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 19x in the Consumer Services industry in the US. Total returns to shareholders of 35% over the past three years. New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Market cap is less than US$100m (US$80.2m market cap). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$6.70, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 20x in the Consumer Services industry in the US. Total returns to shareholders of 58% over the past three years. Announcement • May 22
Sunlands Technology Group Provides Revenue Guidance for the Second Quarter 2025 Sunlands Technology Group provided revenue guidance for the second quarter 2025. For the quarter company expects net revenues to be between RMB 500 million to RMB 520 million, which would represent an increase of 1.6% to 5.6% year-over-year. Announcement • May 08
Sunlands Technology Group to Report Q1, 2025 Results on May 22, 2025 Sunlands Technology Group announced that they will report Q1, 2025 results Pre-Market on May 22, 2025 Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: CN¥25.06 (vs CN¥46.44 in FY 2023) Full year 2024 results: EPS: CN¥25.06 (down from CN¥46.44 in FY 2023). Revenue: CN¥1.99b (down 7.8% from FY 2023). Net income: CN¥342.1m (down 47% from FY 2023). Profit margin: 17% (down from 30% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 30% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (US$76.6m market cap). Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: CN¥25.06 (vs CN¥46.44 in FY 2023) Full year 2024 results: EPS: CN¥25.06 (down from CN¥46.44 in FY 2023). Revenue: CN¥1.99b (down 7.8% from FY 2023). Net income: CN¥342.1m (down 47% from FY 2023). Profit margin: 17% (down from 30% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Announcement • Mar 21
Sunlands Technology Group Provides Earnings Guidance for the First Quarter of 2025 Sunlands Technology Group provided earnings guidance for the first quarter of 2025. For the first quarter of 2024,the company currently expects net revenues to be between RMB 470 million to RMB 490 million, which would represent a decrease of 6.4% to 10.2% year-over-year. Announcement • Mar 05
Sunlands Technology Group to Report Q4, 2024 Results on Mar 21, 2025 Sunlands Technology Group announced that they will report Q4, 2024 results Pre-Market on Mar 21, 2025 Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: CN¥6.52 (vs CN¥9.57 in 3Q 2023) Third quarter 2024 results: EPS: CN¥6.52 (down from CN¥9.57 in 3Q 2023). Revenue: CN¥491.3m (down 6.4% from 3Q 2023). Net income: CN¥89.3m (down 32% from 3Q 2023). Profit margin: 18% (down from 25% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 22
Sunlands Technology Group Provides Revenue Guidance for the Fourth Quarter of 2024 Sunlands Technology Group provided revenue guidance for the fourth quarter of 2024. For the fourth quarter of 2024, Sunlands currently expects net revenues to be between RMB 450 million to RMB 470 million, which would represent a decrease of 13.2% to 16.9% year-over-year. The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. Announcement • Nov 07
Sunlands Technology Group to Report Q3, 2024 Results on Nov 22, 2024 Sunlands Technology Group announced that they will report Q3, 2024 results Pre-Market on Nov 22, 2024 Announcement • Oct 18
Sunlands Technology Group, Annual General Meeting, Dec 10, 2024 Sunlands Technology Group, Annual General Meeting, Dec 10, 2024, at 15:00 China Standard Time. Location: 7th floor building 6, chaolai science park, no. 36 chuangyuan road, chaoyang district, beijing China New Risk • Sep 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$65.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (US$65.6m market cap). Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: CN¥6.00 (vs CN¥12.56 in 2Q 2023) Second quarter 2024 results: EPS: CN¥6.00 (down from CN¥12.56 in 2Q 2023). Revenue: CN¥492.2m (down 6.5% from 2Q 2023). Net income: CN¥82.3m (down 53% from 2Q 2023). Profit margin: 17% (down from 33% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Aug 16
Sunlands Technology Group Provides Revenue Guidance for the Third Quarter of 2024 Sunlands Technology Group provided revenue guidance For the third quarter of 2024. For the quarter, Sunlands currently expects net revenues to be between RMB 490 million to RMB 510 million, which would represent a decrease of 2.8% to 6.6% year-over-year. The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Aug 02
Sunlands Technology Group to Report Q2, 2024 Results on Aug 16, 2024 Sunlands Technology Group announced that they will report Q2, 2024 results Pre-Market on Aug 16, 2024 New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$97.4m market cap). New Risk • Jun 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.3m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Announcement • May 31
Sunlands Technology Group Announces Board and Audit Committee Changes Sunlands Technology Group announced the appointment of Mr. Yingda Song as an independent director of the Company and a member of the audit committee of the Board (the “Audit Committee”), effective upon May 31, 2024. For personal reasons, Mr. Yifan Li has tendered his resignation from the position of an independent director and a member of the Audit Committee, effective upon the same date. Announcement • May 25
Sunlands Technology Group Provides Revenue Guidance for the Second Quarter of 2024 Sunlands Technology Group provided revenue guidance for the second quarter of 2024. For the quarter, the company expects net revenues to be between RMB 480 million to RMB 500 million, which would represent a decrease of 5.0% to 8.8% year-over-year. The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. Announcement • May 15
Sunlands Technology Group to Report Q1, 2024 Results on May 24, 2024 Sunlands Technology Group announced that they will report Q1, 2024 results Pre-Market on May 24, 2024 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥46.44 (vs CN¥47.07 in FY 2022) Full year 2023 results: EPS: CN¥46.44 (down from CN¥47.07 in FY 2022). Revenue: CN¥2.16b (down 7.0% from FY 2022). Net income: CN¥640.8m (flat on FY 2022). Profit margin: 30% (up from 28% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥46.44 (vs CN¥47.07 in FY 2022) Full year 2023 results: EPS: CN¥46.44 (down from CN¥47.07 in FY 2022). Revenue: CN¥2.16b (down 7.0% from FY 2022). Net income: CN¥640.8m (flat on FY 2022). Profit margin: 30% (up from 28% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Mar 22
Sunlands Technology Group Provides Revenue Guidance for the First Quarter of 2024 Sunlands Technology Group provided revenue guidance for the first quarter of 2024. For the first quarter of 2024, Sunlands currently expects net revenues to be between RMB 500 million to RMB 520 million, which would represent a decrease of 8.3% to 11.8% year-over-year. Announcement • Mar 07
Sunlands Technology Group to Report Q4, 2023 Results on Mar 22, 2024 Sunlands Technology Group announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Mar 22, 2024 Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: CN¥9.57 (vs CN¥12.04 in 3Q 2022) Third quarter 2023 results: EPS: CN¥9.57 (down from CN¥12.04 in 3Q 2022). Revenue: CN¥524.6m (down 9.0% from 3Q 2022). Net income: CN¥131.6m (down 22% from 3Q 2022). Profit margin: 25% (down from 29% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Nov 23
Sunlands Technology Group Provides Revenue Guidance for the Fourth Quarter of 2023 Sunlands Technology Group provided revenue guidance for the fourth quarter of 2023. For the quarter, the company expects net revenues to be between RMB 490 million to RMB 510 million, which would represent a decrease of 11.9% to 15.3% year-over-year. Announcement • Nov 09
Sunlands Technology Group to Report Q3, 2023 Results on Nov 22, 2023 Sunlands Technology Group announced that they will report Q3, 2023 results Pre-Market on Nov 22, 2023 Announcement • Oct 20
Sunlands Technology Group, Annual General Meeting, Dec 08, 2023 Sunlands Technology Group, Annual General Meeting, Dec 08, 2023, at 15:00 China Standard Time. Location: 7th Floor Building 6, Chaolai Science Park No. 36 Chuangyuan Road, Chaoyang District, Beijing, the People's Republic of China Beijing China Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: CN¥12.56 (vs CN¥8.45 in 2Q 2022) Second quarter 2023 results: EPS: CN¥12.56 (up from CN¥8.45 in 2Q 2022). Revenue: CN¥526.4m (down 5.2% from 2Q 2022). Net income: CN¥173.9m (up 52% from 2Q 2022). Profit margin: 33% (up from 21% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Aug 19
Sunlands Technology Group Provides Revenue Guidance for the Year 2023 Sunlands Technology Group provided revenue guidance for the year 2023. For the year, the company expects net revenues to be between RMB470 million to RMB490 million, which would represent a decrease of 15.0% to 18.4% year-over-year. The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to substantial uncertainty. Announcement • Aug 04
Sunlands Technology Group to Report Q2, 2023 Results on Aug 18, 2023 Sunlands Technology Group announced that they will report Q2, 2023 results Pre-Market on Aug 18, 2023 Announcement • Jul 04
The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of the Sunlands Technology Group American Depository Shares The Rosen Law Firm, P.A. announced that the United States District Court for the Eastern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers Sunlands Technology Group American Depository Shares. Summary notice of pendency and proposed class action settlement: All persons who purchased the publicly-traded American Depository Shares (“ADSs”) OF Sunlands Technology Group (“SUNLANDS”) pursuant or traceable to the registration statement and related prospectus issued in connection with Sunlands’ March 2018 initial public stock offering. Pursuant to an Order of the United States District Court for the Eastern District of New York, that a hearing will be held on September 27, 2023, before the Honorable Robert M. Levy, United States Magistrate Judge for the Eastern District of New York, 225 Cadman Plaza East, Courtroom 11-B South, Brooklyn, NY 11201, for the purpose of determining: whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $6,200,000 should be approved by the Court as fair, reasonable, and adequate; whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate; whether the application of Lead Counsel for an award of attorneys’ fees of up to one-third plus interest of the Settlement Amount, reimbursement of expenses of not more than $80,000, and a service payment of no more than $10,000 to Plaintiff, should be approved; and whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement, dated May 8, 2023 (the “Settlement Stipulation”). The Court reserves the right to hold the Settlement Fairness Hearing telephonically or by other virtual means. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: CN¥13.58 (vs CN¥13.58 in 1Q 2022) First quarter 2023 results: EPS: CN¥13.58 (in line with 1Q 2022). Revenue: CN¥613.3m (flat on 1Q 2022). Net income: CN¥180.6m (flat on 1Q 2022). Profit margin: 30% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • May 13
Sunlands Technology Group to Report Q1, 2023 Results on May 25, 2023 Sunlands Technology Group announced that they will report Q1, 2023 results Pre-Market on May 25, 2023 Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥47.07 (vs CN¥16.28 in FY 2021) Full year 2022 results: EPS: CN¥47.07 (up from CN¥16.28 in FY 2021). Revenue: CN¥2.32b (down 7.4% from FY 2021). Net income: CN¥644.0m (up 194% from FY 2021). Profit margin: 28% (up from 8.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to US$13.49, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 20x in the Consumer Services industry in the US. Total loss to shareholders of 56% over the past three years. Reported Earnings • Nov 25
Third quarter 2022 earnings released: EPS: CN¥12.04 (vs CN¥7.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥12.04 (up from CN¥7.08 in 3Q 2021). Revenue: CN¥576.2m (down 3.2% from 3Q 2021). Net income: CN¥168.1m (up 76% from 3Q 2021). Profit margin: 29% (up from 16% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Frank Li was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥8.62 (vs CN¥1.70 in 2Q 2021) Second quarter 2022 results: EPS: CN¥8.62 (up from CN¥1.70 in 2Q 2021). Revenue: CN¥555.0m (down 12% from 2Q 2021). Net income: CN¥114.6m (up 403% from 2Q 2021). Profit margin: 21% (up from 3.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥13.58 (up from CN¥3.93 loss in 1Q 2021). Revenue: CN¥613.3m (down 12% from 1Q 2021). Net income: CN¥180.6m (up CN¥233.6m from 1Q 2021). Profit margin: 30% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to US$5.20, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 18x in the Consumer Services industry in the US. Total loss to shareholders of 85% over the past three years. Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥16.28 (up from CN¥31.87 loss in FY 2020). Revenue: CN¥2.51b (up 14% from FY 2020). Net income: CN¥219.1m (up CN¥649.6m from FY 2020). Profit margin: 8.7% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Frank Li was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 12
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥16.28 (up from CN¥31.87 loss in FY 2020). Revenue: CN¥2.51b (up 14% from FY 2020). Net income: CN¥219.1m (up CN¥649.6m from FY 2020). Profit margin: 8.7% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 25
Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2021 results: EPS: CN¥7.08 (up from CN¥12.31 loss in 3Q 2020). Revenue: CN¥595.1m (up 9.9% from 3Q 2020). Net income: CN¥95.3m (up CN¥261.0m from 3Q 2020). Profit margin: 16% (up from net loss in 3Q 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.75 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥629.5m (up 23% from 2Q 2020). Net income: CN¥22.8m (up CN¥149.0m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Reported Earnings • May 26
First quarter 2021 earnings released: CN¥0.32 loss per share (vs CN¥0.39 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥694.3m (up 23% from 1Q 2020). Net loss: CN¥52.9m (loss narrowed 19% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 19
Full year 2020 earnings released: CN¥2.55 loss per share (vs CN¥2.31 loss in FY 2019) The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: CN¥2.20b (flat on FY 2019). Net loss: CN¥430.5m (loss widened 9.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Executive Departure • Mar 26
Director has left the company On the 24th of March, Gaoneng Ji's tenure as Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Gaoneng's name. A total of 3 executives have left over the last 12 months. Executive Departure • Mar 26
Independent Director has left the company On the 24th of March, Xiaochuan Wang's tenure as Independent Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Xiaochuan's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Mar 20
Full year 2020 earnings released The company reported a poor full year result with increased losses and weaker control over costs, although revenues were flat. Full year 2020 results: Revenue: CN¥2.20b (flat on FY 2019). Net loss: CN¥430.5m (loss widened 9.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Mar 19
Sunlands Technology Group Provides Revenue Guidance for First Quarter of 2021 Sunlands Technology Group provided revenue guidance for first quarter of 2021. For the quarter, the company expects net revenues to be between RMB 670 million to RMB 690 million, which would represent an increase of 18.6% and 22.1% year-over-year. Announcement • Mar 06
Sunlands Technology Group to Report Q4, 2020 Results on Mar 18, 2021 Sunlands Technology Group announced that they will report Q4, 2020 results Pre-Market on Mar 18, 2021 Is New 90 Day High Low • Feb 16
New 90-day high: US$1.63 The company is up 8.0% from its price of US$1.51 on 18 November 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: US$1.07 The company is down 39% from its price of US$1.76 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day low: US$1.38 The company is down 12% from its price of US$1.56 on 25 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 1.0% over the same period. Reported Earnings • Nov 20
Third quarter 2020 earnings released: CN¥0.98 loss per share The company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: CN¥541.6m (up 2.7% from 3Q 2019). Net loss: CN¥165.7m (loss widened 28% from 3Q 2019). Analyst Estimate Surprise Post Earnings • Nov 20
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is expected to shrink by 2.3% compared to a 37% growth forecast for the Consumer Services industry in the US. Announcement • Oct 01
Sunlands Technology Group to Report Q2, 2019 Results on Aug 23, 2019 Sunlands Technology Group announced that they will report Q2, 2019 results at 9:00 AM, China Standard Time on Aug 23, 2019 Announcement • Aug 06
Sunlands Technology Group to Report Q2, 2020 Results on Aug 14, 2020 Sunlands Technology Group announced that they will report Q2, 2020 results on Aug 14, 2020