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STG News

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tw0122 tw0122 3 months ago
The Sun is rising $10.81 + 25% ..
Sunlands Technology Group (NYSE: STG) (“Sunlands” or the “Company”), a leader in China’s adult online education market and China’s adult personal interest learning market, older news…announced its unaudited financial results for the second quarter ended June 30, 2024.
Second Quarter 2024 Financial and Operational Snapshots

Net revenues were RMB492.2 million (US$67.7 million), compared to RMB526.4 million in the second quarter of 2023.
Gross billings (non-GAAP) were RMB383.9 million (US$52.8 million), compared to RMB354.1 million in the second quarter of 2023.
Gross profit was RMB415.6 million (US$57.2 million), compared to RMB466.9 million in the second quarter of 2023.
Net income was RMB82.3 million (US$11.3 million), compared to RMB173.9 million in the second quarter of 2023.
Net income margin1 was 16.7% in the second quarter of 2024, compared to 33.0% in the second quarter of 2023.
New student enrollments2 were 168,296, compared to 154,209 in the second quarter of 2023.
As of June 30, 2024, the Company’s deferred revenue balance was RMB986.9 million (US$135.8 million), compared to RMB1,113.9 million as of December 31, 2023.
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geopic geopic 4 years ago
CIT is STG
closing at .28 Fri Nov 6
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geopic geopic 4 years ago
Did you see the closing price?
Another new high for the year. Worth watching Monday.
gp
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geopic geopic 4 years ago
.23 is a 52 week high, reached today. .02 is the 52-week low.
gp
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geopic geopic 4 years ago
bid-ask is .15 .175
check the news
gp
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geopic geopic 4 years ago
Sorry, posted TSXV-CIT instead of TSXV:CIT, that's why no quote appears.
Recent news encouraging.
gp
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