Sunlands Technology Group announced its unaudited financial results for the first quarter ended March 31, 2025, reporting net revenues of RMB487.6 million. This represents a 6.8% decrease from RMB523.2 million in the first quarter of 2024, primarily due to a decline in gross billings from post-secondary courses.
Net income for the quarter was RMB75.2 million, marking the company's sixteenth consecutive profitable quarter. The gross profit margin stood at 85.2%, and the net income margin was 15.4%, reflecting prudent financial management and operational efficiency. The company also achieved its seventh consecutive quarter of positive operating cash flow.
Interest-based programs, professional skills development, and professional certification preparation collectively accounted for 78.2% of total revenue in Q1 2025. Sunlands also highlighted a new collaboration with Hunan TV's Happy Shopping platform and reported a 98% course completion rate among new students and a 40% increase in knowledge retention through its ACSS framework. For the second quarter of 2025, net revenues are expected to be between RMB500 million and RMB520 million, representing a year-over-year increase of 1.6% to 5.6%.
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