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Sunlands Technology Group's (NYSE:STG) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Earnings Call Summary | Sunlands Technology(STG.US) Q4 2024 Earnings Conference
In the fiscal year 2024, Sunlands Technology (STG.US) revenue decreased by 7.84% to 1.99 billion yuan, and net income reached 0.342 billion yuan.
On March 21, Glonghui reported that Sunlands Technology (STG.US) announced its financial performance for the fourth quarter and the entire fiscal year of 2024. In the fourth quarter of 2024, the company's revenue was 0.484 billion yuan, a decrease of 10.74% year-on-year; gross profit was 0.402 billion yuan, a decrease of 14.15% year-on-year; net income was 57.8 million yuan, a decrease of 62.76% year-on-year, with a net profit margin of 12.0% in the fourth quarter of 2024, compared to 28.6% in the fourth quarter of 2023. New student registrations were 0.1722 million, compared to 16.47 in the fourth quarter of 2023.
Sunlands Technology Group Reports 2024 Financial Results Amidst Market Expansion
Weimob (02013.HK) 2024 annual report: Adjusted total revenue of 1.468 billion yuan, with smart retail revenue showing a year-on-year organic growth of 5.2%.
On March 21, WEIMOB INC (2013.HK) released its 2024 annual report, with adjusted total revenue of 1.468 billion yuan. Among them, revenue from subscription solutions amounted to approximately 0.919 billion yuan, and adjusted revenue from merchant solutions was 0.55 billion yuan. Adjustments came from a one-time price discount of approximately 0.129 billion yuan related to the rebates received from advertising services in 2023 as part of an agreement reached with the advertising platform. During the reporting period, WEIMOB INC's adjusted gross profit was 0.906 billion yuan. The operating cash flow for the entire year of 2024 significantly improved from an outflow of approximately 0.596 billion yuan in the same period last year to an outflow of approximately 3.32 billion yuan.
