Sunlands Technology Group Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 18, 2021 at 06:00 am EDT
Sunlands Technology Group announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was CNY 584.579 million compared to CNY 549.722 million a year ago. Operating loss was CNY 186.970 million compared to CNY 150.778 million a year ago. Net loss was CNY 73.153 million compared to CNY 139.463 million a year ago. For the full year, sales was CNY 2,203.791 million compared to CNY 2,193.902 million a year ago. Operating loss was CNY 649.018 million compared to CNY 459.723 million a year ago. Net loss was CNY 430.542 million compared to CNY 394.817 million a year ago.