Sunlands Technology Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	545.68	575.74	507.23	763.8	753.64	626.72
Short-Term Investments	235.97	235.94	276.03	142.08	70.54	184.16
Cash & Short-Term Investments	781.65	811.68	783.26	905.88	824.18	810.87
Cash Growth	-1.91%	3.63%	-13.54%	9.91%	1.64%	-36.58%
Other Receivables	-	19.54	24.53	29.34	26.81	55.74
Receivables	-	19.54	24.53	29.34	26.81	55.74
Inventory	-	17.94	19.68	14.24	14.15	8.88
Prepaid Expenses	80.74	29.21	36.61	50.68	41.63	96.99
Restricted Cash	1.49	1.02	-	2.58	3.76	50.01
Other Current Assets	145.42	38	20.24	29.04	58.56	104.1
Total Current Assets	1,009	917.39	884.31	1,032	969.1	1,127
Property, Plant & Equipment	629.06	761.29	868.37	922.49	1,088	1,220
Long-Term Investments	319.17	318.79	260.08	61.35	73.51	54.84
Other Intangible Assets	0.13	0.25	0.72	0.98	1.51	2.76
Long-Term Deferred Tax Assets	13.73	19.1	24.7	-	26.8	39.27
Long-Term Deferred Charges	8.68	10.64	56.66	68.77	78.84	109.02
Other Long-Term Assets	18.33	3.72	4.6	4.95	7.97	9.46
Total Assets	1,998	2,047	2,121	2,119	2,276	2,593
Accrued Expenses	340.08	176.99	189.96	180.43	155.13	186.58
Current Portion of Long-Term Debt	-	-	6.15	38.65	38.65	38.65
Current Portion of Leases	9.17	9.1	8.32	8.02	17.07	14.31
Current Income Taxes Payable	-	56.14	36.74	26.97	39.5	75.67
Current Unearned Revenue	321.04	384.33	382.05	553.81	986.09	1,267
Other Current Liabilities	4.48	132.88	178.16	202.29	241.72	323.79
Total Current Liabilities	674.77	759.45	801.38	1,010	1,478	1,906
Long-Term Debt	-	-	35.39	104.67	143.32	181.97
Long-Term Leases	121.84	129.56	137.04	157.27	316.84	404.13
Long-Term Unearned Revenue	179.5	200.96	534.46	560.11	704.86	1,081
Long-Term Deferred Tax Liabilities	10.32	5.79	5.72	3.74	5.98	21.78
Other Long-Term Liabilities	6.17	7.39	7.31	6.99	6.77	11.7
Total Liabilities	992.61	1,103	1,521	1,843	2,656	3,607
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	2,288	2,288	2,294	2,305	2,310	2,364
Retained Earnings	-1,387	-1,464	-1,829	-2,171	-2,812	-3,456
Comprehensive Income & Other	106.44	121.57	136.16	143.28	127.89	82.53
Total Common Equity	1,007	945.55	601.35	277.04	-374.49	-1,009
Minority Interest	-1.49	-1.49	-1.49	-1.49	-5.36	-4.93
Shareholders' Equity	1,006	944.07	599.86	275.55	-379.85	-1,014
Total Liabilities & Equity	1,998	2,047	2,121	2,119	2,276	2,593
Total Debt	131	138.67	186.9	308.61	515.88	639.07
Net Cash (Debt)	650.65	673.01	596.36	597.28	308.3	171.8
Net Cash Growth	2.31%	12.85%	-0.15%	93.73%	79.45%	-67.10%
Net Cash Per Share	48.41	49.95	43.69	43.28	22.54	12.77
Filing Date Shares Outstanding	13.39	13.39	13.52	13.71	13.85	13.29
Total Common Shares Outstanding	13.39	13.39	13.52	13.72	13.85	13.34
Working Capital	334.53	157.94	82.93	21.58	-509.04	-779.37
Book Value Per Share	75.21	70.60	44.48	20.19	-27.03	-75.67
Tangible Book Value	1,007	945.3	600.62	276.06	-376	-1,012
Tangible Book Value Per Share	75.20	70.58	44.43	20.12	-27.14	-75.87
Buildings	-	797.52	865.45	865.45	865.45	865.45
Machinery	-	36.02	37.07	37.43	38.47	37.5
Leasehold Improvements	-	71.96	71.77	71.53	69.71	95.95

SEC Filings: 10-K · 10-Q