Net Loss Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Net Loss Per Share

18. NET LOSS PER SHARE

For the purpose of calculating net loss per share as a result of the 2017 Reorganization as described in Note 1, the number of ordinary shares used in the calculation reflects the outstanding ordinary shares of the Company in 2017 as if the Group’s 2017 Reorganization took place on January 1, 2016:

	As of December 31,
	2016			2017			2018
	RMB			RMB			RMB
Numerator:
Net loss attributable to Sunlands Technology Group used in basic    and diluted net loss per share:
Net loss attributable to ordinary shareholders		(253,567	)		(918,578	)		(927,022	)
Denominator:
Weighted average ordinary shares outstanding used in computing    basic and diluted net loss per share		3,818,618			3,945,864			6,294,870
Net loss per share
Basic and diluted		(66.40	)		(232.80	)		(147.27	)

Given the Company's loss making position for the years ended December 31, 2016, 2017 and 2018, the effect of potential issuances of shares for the convertible redeemable preferred shares and share options would be anti-dilutive:

(1) The outstanding 520,161 Series A Preferred Shares were not considered in the computation of diluted net loss per share for the year ended December 31, 2016;

(2) The outstanding 954,274 Series A Preferred Shares, 826,389 Series B Preferred Shares and 141,264 Series B+ Preferred Shares were not considered in the computation of diluted net loss per share for the year ended December 31, 2017;

(3) 51,831 share options were not considered in the computation of diluted net loss per share for the year ended December 31, 2018.