Sunlands FY26 Q2 net income drops 34.09% to RMB 83.5 million; revenue falls 24.6% to RMB 406.4 million - STG News | RalliesSunlands FY26 Q2 net income drops 34.09% to RMB 83.5 million; revenue falls 24.6% to RMB 406.4 million
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STG• Q2 results and operating metrics
- Sunlands posted Q2 net revenue of RMB 406.4 million, down 24.6% year over year.
- Net income fell 34.1% to RMB 83.5 million; net income margin narrowed 3 percentage points to 20.5%.
- New student enrollments dropped to 95,280; gross billings (non-GAAP) slid to RMB 286.2 million.
- Board authorized a US$ 50 million ADS repurchase program; 680,353 ADSs were bought for about US$ 2.3 million.
- Q3 net revenue forecast set at RMB 330 million to RMB 350 million, implying a 33.1% to 36.9% decline.
