Sunlands Technology Group (STG)

Sunlands Technology Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	507.23	763.8	753.64	626.72	760.71
Short-Term Investments	276.03	142.08	70.54	184.16	517.82
Cash & Short-Term Investments	783.26	905.88	824.18	810.87	1,279
Cash Growth	-13.54%	9.91%	1.64%	-36.58%	-21.07%
Other Receivables	-	29.34	26.81	55.74	27.6
Receivables	-	29.34	26.81	55.74	27.6
Inventory	-	14.24	14.15	8.88	-
Prepaid Expenses	96.92	50.68	41.63	96.99	80.93
Restricted Cash	-	2.58	3.76	50.01	-
Other Current Assets	4.14	29.04	58.56	104.1	167.2
Total Current Assets	884.31	1,032	969.1	1,127	1,554
Property, Plant & Equipment	868.37	922.49	1,088	1,220	999.97
Long-Term Investments	260.08	61.35	73.51	54.84	64.09
Other Intangible Assets	0.72	0.98	1.51	2.76	14.78
Long-Term Deferred Tax Assets	24.7	-	26.8	39.27	13.02
Long-Term Deferred Charges	56.66	68.77	78.84	109.02	170.16
Other Long-Term Assets	26.32	4.95	7.97	9.46	415.73
Total Assets	2,121	2,119	2,276	2,593	3,261
Accrued Expenses	404.87	180.43	155.13	186.58	293.5
Current Portion of Long-Term Debt	6.15	38.65	38.65	38.65	32.5
Current Portion of Leases	8.32	8.02	17.07	14.31	30.7
Current Income Taxes Payable	-	26.97	39.5	75.67	15.54
Current Unearned Revenue	382.05	553.81	986.09	1,267	1,463
Other Current Liabilities	-	202.29	241.72	323.79	360.3
Total Current Liabilities	801.38	1,010	1,478	1,906	2,196
Long-Term Debt	35.39	104.67	143.32	181.97	160.63
Long-Term Leases	137.04	157.27	316.84	404.13	532.54
Long-Term Unearned Revenue	534.46	560.11	704.86	1,081	1,561
Long-Term Deferred Tax Liabilities	5.72	3.74	5.98	21.78	15.22
Other Long-Term Liabilities	7.31	6.99	6.77	11.7	7.66
Total Liabilities	1,521	1,843	2,656	3,607	4,473
Common Stock	0	0	0	0	0
Additional Paid-In Capital	2,294	2,305	2,310	2,364	2,367
Retained Earnings	-1,829	-2,171	-2,812	-3,456	-3,675
Comprehensive Income & Other	136.16	143.28	127.89	82.53	96.49
Total Common Equity	601.35	277.04	-374.49	-1,009	-1,211
Minority Interest	-1.49	-1.49	-5.36	-4.93	-0.66
Shareholders' Equity	599.86	275.55	-379.85	-1,014	-1,212
Total Liabilities & Equity	2,121	2,119	2,276	2,593	3,261
Total Debt	186.9	308.61	515.88	639.07	756.37
Net Cash (Debt)	596.36	597.28	308.3	171.8	522.16
Net Cash Growth	-0.15%	93.73%	79.45%	-67.10%	-29.22%
Net Cash Per Share	43.69	43.28	22.54	12.77	38.65
Filing Date Shares Outstanding	13.52	13.71	13.85	13.29	13.46
Total Common Shares Outstanding	13.52	13.72	13.85	13.34	13.46
Working Capital	82.93	21.58	-509.04	-779.37	-641.44
Book Value Per Share	44.48	20.19	-27.03	-75.67	-90.02
Tangible Book Value	600.62	276.06	-376	-1,012	-1,226
Tangible Book Value Per Share	44.43	20.12	-27.14	-75.87	-91.11
Buildings	-	865.45	865.45	865.45	480.27
Machinery	-	37.43	38.47	37.5	35.31
Leasehold Improvements	-	71.53	69.71	95.95	106.71

Updated Mar 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q