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Sunlands Technology Group Announces Unaudited First Quarter 2021 Financial Results Q1 net revenues increased by 22.9% year-over-year Q1 gross billings(non-GAAP) increased by 14.9% year-over-year Q1 new student enrollments[1] increased by 107.6% year-over-year News provided by Share this article BEIJING, May 25, 2021 /PRNewswire/ Sunlands Technology Group (NYSE: STG) ( Sunlands or the Company ), a leader in China s online post-secondary and professional education, today announced its unaudited financial results for the first quarter ended March 31, 2021. F Gross billings (non-GAAP) were RMB593.7 million (US$90.6 million), representing a 14.9% increase year-over-year. Gross profit was RMB587.9 million (US$89.7 million), representing a 25.6% increase year-over-year. Net loss was RMB53.3 million (US$8.1 million), representing an 18.7% decrease year-over-year.

Yang songHong kongBrandi piacenteTongbo liuSunlands technology group participantsExchange ratePrnewswire sunlands technology groupPiacente group incExchange commissionSunlands online education groupSecurities exchangeSunlands technology groupTechnology groupChief executive officerChief financial officerDiluted net loss per share