Sunlands Online Education Group (STG) has released an update.
Sunlands Technology Group reported a decrease in net revenues for both Q4 and the full year of 2023, as well as a marginal dip in net income compared to the previous year, despite a slight increase in net income margin and new student enrollments. The company emphasized its commitment to shareholder value, highlighting share repurchases and operational adaptations to market demands. Sunlands also achieved a net income of RMB155.2 million with a net income margin of 28.6% for Q4, and RMB640.8 million with a margin of 29.7% for the full year.
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