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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 763,800 $ 107,579 ¥ 753,642
Restricted cash 2,578 363 3,762
Short-term investments 142,084 20,012 70,542
Prepaid expenses and other current assets 109,018 15,355 98,272
Deferred costs, current 14,274 2,010 42,886
Total current assets 1,031,754 145,319 969,104
Non-current assets      
Property and equipment, net 786,670 110,800 813,783
Intangible assets, net 975 137 1,509
Right-of-use assets 135,820 19,130 274,643
Deferred costs, non-current 68,773 9,686 78,839
Long-term investments 61,354 8,642 73,513
Deferred tax assets 0 0 26,799
Other non-current assets 33,160 4,670 37,880
Total non-current assets 1,086,752 153,065 1,306,966
TOTAL ASSETS 2,118,506 298,384 2,276,070
Current liabilities      
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to Sunlands Technology Group of RMB191,172 and RMB193,631 as of December 31, 2022 and 2023, respectively) 409,691 57,703 436,339
Deferred revenue, current (including deferred revenue, current of the consolidated VIEs without recourse to Sunlands Technology Group of RMB374,208 and RMB272,739 as of December 31, 2022 and 2023, respectively) 553,812 78,003 986,086
Lease liabilities, current (including lease liabilities, current of the consolidated VIEs without recourse to Sunlands Technology Group of RMB17,065 and RMB7,760 as of December 31, 2022 and 2023, respectively) 8,019 1,129 17,065
Long-term debt, current portion 38,654 5,444 38,654
Total current liabilities 1,010,176 142,279 1,478,144
Non-current liabilities      
Deferred revenue, non-current (including deferred revenue, non-current of the consolidated VIEs without recourse to Sunlands Technology Group of RMB251,080 and RMB124,807 as of December 31, 2022 and 2023, respectively) 560,111 78,890 704,860
Lease liabilities, non-current (including lease liabilities, non-current of the consolidated VIEs without recourse to Sunlands Technology Group of RMB316,844 and RMB153,686 as of December 31, 2022 and 2023, respectively) 157,269 22,151 316,844
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to Sunlands Technology Group of RMB1,122 and nil as of December 31, 2022 and 2023, respectively) 3,742 527 5,984
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to Sunlands Technology Group of RMB1,063 and RMB1,287 as of December 31, 2022 and 2023, respectively) 6,994 985 6,770
Long-term debt, non-current portion 104,665 14,742 143,319
Total non-current liabilities 832,781 117,295 1,177,777
TOTAL LIABILITIES 1,842,957 259,574 2,655,921
SHAREHOLDERS' (DEFICIT)/EQUITY      
Treasury stock 0 0 0
Additional paid-in capital 2,305,042 324,658 2,309,740
Accumulated other comprehensive income 143,276 20,180 127,885
Accumulated deficit (2,171,284) (305,819) (2,812,114)
Total Sunlands Technology Group shareholders' (deficit)/equity 277,036 39,019 (374,487)
Non-controlling interest (1,487) (209) (5,364)
TOTAL SHAREHOLDERS' (DEFICIT)/EQUITY 275,549 38,810 (379,851)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)/EQUITY 2,118,506 298,384 2,276,070
Class A Ordinary Shares      
SHAREHOLDERS' (DEFICIT)/EQUITY      
Ordinary shares 1 0 1
Class B Ordinary Shares      
SHAREHOLDERS' (DEFICIT)/EQUITY      
Ordinary shares 0 0 0
Class C Ordinary Shares      
SHAREHOLDERS' (DEFICIT)/EQUITY      
Ordinary shares ¥ 1 $ 0 ¥ 1