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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	586.39	507.23	763.8	753.64	626.72	760.71
Short-Term Investments	166.58	276.03	142.08	70.54	184.16	517.82
Cash & Short-Term Investments	752.97	783.26	905.88	824.18	810.87	1,279
Cash Growth	-24.51%	-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	101.63	36.61	50.68	41.63	96.99	80.93
Restricted Cash	0.35	-	2.58	3.76	50.01	-
Other Current Assets	21.17	20.24	29.04	58.56	104.1	167.2
Total Current Assets	876.12	884.31	1,032	969.1	1,127	1,554
Property, Plant & Equipment	852.24	868.37	922.49	1,088	1,220	999.97
Long-Term Investments	346.49	260.08	61.35	73.51	54.84	64.09
Other Intangible Assets	0.49	0.72	0.98	1.51	2.76	14.78
Long-Term Deferred Tax Assets	23.75	24.7	-	26.8	39.27	13.02
Long-Term Deferred Charges	27.45	56.66	68.77	78.84	109.02	170.16
Other Long-Term Assets	24.52	4.6	4.95	7.97	9.46	415.73
Total Assets	2,151	2,121	2,119	2,276	2,593	3,261
Accrued Expenses	372.38	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	9.09	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	459.35	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	860.82	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	134.13	137.04	157.27	316.84	404.13	532.54
Long-Term Unearned Revenue	354.93	534.46	560.11	704.86	1,081	1,561
Long-Term Deferred Tax Liabilities	4.51	5.72	3.74	5.98	21.78	15.22
Other Long-Term Liabilities	7.29	7.31	6.99	6.77	11.7	7.66
Total Liabilities	1,362	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	-1,627	-1,829	-2,171	-2,812	-3,456	-3,675
Comprehensive Income & Other	124.74	136.16	143.28	127.89	82.53	96.49
Total Common Equity	790.86	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	789.38	599.86	275.55	-379.85	-1,014	-1,212
Total Liabilities & Equity	2,151	2,121	2,119	2,276	2,593	3,261
Total Debt	163.22	186.9	308.61	515.88	639.07	756.37
Net Cash (Debt)	589.75	596.36	597.28	308.3	171.8	522.16
Net Cash Growth	-17.15%	-0.15%	93.73%	79.45%	-67.10%	-29.22%
Net Cash Per Share	43.52	43.69	43.28	22.54	12.77	38.65
Filing Date Shares Outstanding	13.5	13.52	13.71	13.85	13.29	13.46
Total Common Shares Outstanding	13.5	13.52	13.72	13.85	13.34	13.46
Working Capital	15.31	82.93	21.58	-509.04	-779.37	-641.44
Book Value Per Share	58.60	44.48	20.19	-27.03	-75.67	-90.02
Tangible Book Value	790.38	600.62	276.06	-376	-1,012	-1,226
Tangible Book Value Per Share	58.56	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 Aug 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q