Mar. 19 at 10:36 AM
$STG
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Net revenues were RMB470.2 million (US
$67.2 million), compared to RMB483.5 million in the fourth quarter of 2024.
Gross billings (non-GAAP) were RMB305.7 million (US
$43.7 million), compared to RMB412.4 million in the fourth quarter of 2024.
Gross profit was RMB408.1 million (US
$58.4 million), compared to RMB401.8 million in the fourth quarter of 2024.
Net income was RMB38.4 million (US
$5.5 million), compared to RMB57.8 million in the fourth quarter of 2024.
Net income margin1 was 8.2% in the fourth quarter of 2025, compared to 12.0% in the fourth quarter of 2024.
New student enrollments2 were 114,058, compared to 172,200 in the fourth quarter of 2024.
As of December 31, 2025, the Company’s deferred revenue balance was RMB585.3 million (US
$83.7 million), compared to RMB916.5 million as of December 31, 2024.