On Friday, shares of Sunlands Online Education Group (STG.US) surged nearly 63% to close at $4.43. The significant move follows the company's announcement on May 29 that its board of directors has approved a share repurchase program. The plan authorizes the repurchase of up to $50 million worth of its Class A ordinary shares in the form of American Depositary Shares over the next 36 months.
Recently, Sunlands Online Education Group released its unaudited financial results for the first quarter of 2026. During the reporting period, the company achieved revenue of 441 million yuan. Operating profit reached 96.8 million yuan, with a net profit of 76.85 million yuan, translating to a net profit margin of 17.4%. This marks the company's 20th consecutive quarter of profitability.
Furthermore, the company's selling expenses decreased by 19.5% year-over-year, representing one of the larger single-quarter declines in recent years. This metric has now declined for three consecutive quarters.