Sunlands Technology Group reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 524.63 million compared to CNY 576.21 million a year ago. Net income was CNY 131.64 million compared to CNY 168.09 million a year ago. Basic earnings per share from continuing operations was CNY 9.565 compared to CNY 12.04 a year ago.
For the nine months, sales was CNY 1,617.86 million compared to CNY 1,744.51 million a year ago. Net income was CNY 485.63 million compared to CNY 463.34 million a year ago. Basic earnings per share from continuing operations was CNY 35.145 compared to CNY 34.035 a year ago.