Sunlands Technology Group (ADR) (STG)
Delivers live-streamed adult courses through online and mobile applications in China.
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Sells live-streamed credential, skills, certification-preparation, and personal-interest courses to adult learners in China. Its recorded-class and student-support model is delivered online and through mobile applications.
Delivers credential and diploma-oriented post-secondary courses, professional-skills courses, professional-certification preparation, and personal-interest courses for adult learners in China. Classes use a one-to-many live-streaming format, with recordings available for replay during enrollment.
The online and mobile model pairs course content with enrollment consultants, virtual learning communities, and student-support services. Consultants recommend education solutions and help learners form study plans. Students access the platform through online and mobile applications.
Conducts China operations through subsidiaries and contractual arrangements with variable-interest entities. Data-protection compliance and the VIE structure are disclosed dependencies of the business.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $128.3M · Total debt $19.9M · Total assets $294.5M · Shareholders' equity $160.2M
- Revenue
- $60.6M
- Operating income
- $12.4M
- Net income
- $12.4M
Reported in CNY, converted at the latest exchange rate
| Institutions | 12.87% | 1.73M ADS | |
|---|---|---|---|
| 7 holders · as of Jun 30, 2026 | |||
| Strategic holders | 4.60% | 618.7K ADS | |
| 1 holder · as of Jan 15, 2025 | |||
| Other | 82.53% | 11.09M ADS | |
| remainder | |||
13.44M ADS (1 ADS = 1 ordinary shares) as of Sep 19, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 4 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Primavera Capital Management LtdInstitution | 12.30% | 1.65M A ADS | as of Jun 30, 2026 |
Areo Holdings LtdStrategic | 4.60% | 618,652 | filed Jan 15, 2025 |
HRT Financial LPInstitution | 0.33% | 44,902 A ADS | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 0.22% | 29,937 A ADS | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.01% | 1,052 A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.


