Sunlands Technology Group (STG) Reports Q4 Loss of $1.67, Revenues Beat
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Sunlands Technology Group Announces Unaudited Fourth Quarter 2020 Financial Results
March 18, 2021 6:00 AM EDTBEIJING, March 18, 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 fourth quarter ended December 31, 2020.
Fourth Quarter 2020 Financial and Operational Snapshots
Net revenues were RMB584.6 million (US$89.6 million), representing a 6.3% increase year-over-year. Gross billings (non-GAAP) were RMB647.8 million (US$99.3 million), compared with RMB642.0 million in the fourth quarter of 2019. Gross profit was RMB486.7 million (US$74.6 million), representing an 8.6% increase year-over-year.... More