Sunlands Technology Group (STG)

Sunlands Technology Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	596.23	507.23	763.8	753.64	626.72	760.71
Short-Term Investments	200.67	276.03	142.08	70.54	184.16	517.82
Cash & Short-Term Investments	796.9	783.26	905.88	824.18	810.87	1,279
Cash Growth	-18.70%	-13.54%	9.91%	1.64%	-36.58%	-21.07%
Other Receivables	-	24.53	29.34	26.81	55.74	27.6
Receivables	-	24.53	29.34	26.81	55.74	27.6
Inventory	-	19.68	14.24	14.15	8.88	-
Prepaid Expenses	96.23	36.61	50.68	41.63	96.99	80.93
Restricted Cash	-	-	2.58	3.76	50.01	-
Other Current Assets	18.14	20.24	29.04	58.56	104.1	167.2
Total Current Assets	911.27	884.31	1,032	969.1	1,127	1,554
Property, Plant & Equipment	861.06	868.37	922.49	1,088	1,220	999.97
Long-Term Investments	256.83	260.08	61.35	73.51	54.84	64.09
Other Intangible Assets	0.6	0.72	0.98	1.51	2.76	14.78
Long-Term Deferred Tax Assets	24.83	24.7	-	26.8	39.27	13.02
Long-Term Deferred Charges	39.2	56.66	68.77	78.84	109.02	170.16
Other Long-Term Assets	25.76	4.6	4.95	7.97	9.46	415.73
Total Assets	2,120	2,121	2,119	2,276	2,593	3,261
Accrued Expenses	393.94	189.96	180.43	155.13	186.58	293.5
Short-Term Debt	20	-	-	-	-	-
Current Portion of Long-Term Debt	-	6.15	38.65	38.65	38.65	32.5
Current Portion of Leases	8.82	8.32	8.02	17.07	14.31	30.7
Current Income Taxes Payable	-	36.74	26.97	39.5	75.67	15.54
Current Unearned Revenue	504.3	382.05	553.81	986.09	1,267	1,463
Other Current Liabilities	-	178.16	202.29	241.72	323.79	360.3
Total Current Liabilities	927.07	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	132.1	137.04	157.27	316.84	404.13	532.54
Long-Term Unearned Revenue	387.31	534.46	560.11	704.86	1,081	1,561
Long-Term Deferred Tax Liabilities	5.61	5.72	3.74	5.98	21.78	15.22
Other Long-Term Liabilities	7.36	7.31	6.99	6.77	11.7	7.66
Total Liabilities	1,459	1,521	1,843	2,656	3,607	4,473
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	2,294	2,294	2,305	2,310	2,364	2,367
Retained Earnings	-1,754	-1,829	-2,171	-2,812	-3,456	-3,675
Comprehensive Income & Other	121.31	136.16	143.28	127.89	82.53	96.49
Total Common Equity	661.58	601.35	277.04	-374.49	-1,009	-1,211
Minority Interest	-1.49	-1.49	-1.49	-5.36	-4.93	-0.66
Shareholders' Equity	660.09	599.86	275.55	-379.85	-1,014	-1,212
Total Liabilities & Equity	2,120	2,121	2,119	2,276	2,593	3,261
Total Debt	160.92	186.9	308.61	515.88	639.07	756.37
Net Cash (Debt)	635.98	596.36	597.28	308.3	171.8	522.16
Net Cash Growth	-7.47%	-0.15%	93.73%	79.45%	-67.10%	-29.22%
Net Cash Per Share	46.76	43.69	43.28	22.54	12.77	38.65
Filing Date Shares Outstanding	13.52	13.52	13.71	13.85	13.29	13.46
Total Common Shares Outstanding	13.52	13.52	13.72	13.85	13.34	13.46
Working Capital	-15.8	82.93	21.58	-509.04	-779.37	-641.44
Book Value Per Share	48.95	44.48	20.19	-27.03	-75.67	-90.02
Tangible Book Value	660.97	600.62	276.06	-376	-1,012	-1,226
Tangible Book Value Per Share	48.90	44.43	20.12	-27.14	-75.87	-91.11
Buildings	-	865.45	865.45	865.45	865.45	480.27
Machinery	-	37.07	37.43	38.47	37.5	35.31
Leasehold Improvements	-	71.77	71.53	69.71	95.95	106.71

Updated May 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q