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Sunlands Technology Group: 20-F filed 2020-04-24

What Sunlands Technology Group reported in its annual report (foreign private issuer) filed 2020-04-24 (fiscal FY 2019): 47 published measures, 150 facts as tagged in accession 0001564590-20-018336.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2020-04-24
Fiscal period
fiscal FY 2019
Accession
0001564590-20-018336 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Sunlands Technology Group filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2019-12-313,968,702,000CNY
At 2018-12-313,739,138,000CNY
At 2019-12-31570,068,000USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2019-12-314,707,065,000CNY
At 2018-12-314,078,121,000CNY
At 2019-12-31676,127,000USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2019-12-31-738,151,000CNY
At 2018-12-31-339,119,000CNY
At 2019-12-31-106,029,000USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2019-12-311,402,226,000CNY
At 2018-12-311,248,810,000CNY
At 2019-12-31201,417,000USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-394,817,000CNY365
2018-01-01 to 2018-12-31-927,022,000CNY365
2017-01-01 to 2017-12-31-918,578,000CNY365
2019-01-01 to 2019-12-31-56,713,000USD365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-533,547,000CNY365
2018-01-01 to 2018-12-31180,543,000CNY365
2017-01-01 to 2017-12-31819,538,000CNY365
2019-01-01 to 2019-12-31-76,638,000USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2019-01-01 to 2019-12-3124,756,000CNY365
2018-01-01 to 2018-12-31517,763,000CNY365
2017-01-01 to 2017-12-31398,190,000CNY365
2019-01-01 to 2019-12-313,556,000USD365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2019-01-01 to 2019-12-312,193,902,000CNY365
2018-01-01 to 2018-12-311,973,985,000CNY365
2017-01-01 to 2017-12-31970,162,000CNY365
2019-01-01 to 2019-12-31315,134,000USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-64,150,000CNY365
2018-01-01 to 2018-12-311,587,343,000CNY365
2017-01-01 to 2017-12-31341,472,000CNY365
2019-01-01 to 2019-12-31-9,214,000USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2019-01-01 to 2019-12-31729,546,000CNY365
2018-01-01 to 2018-12-31-1,186,721,000CNY365
2017-01-01 to 2017-12-31-615,895,000CNY365
2019-01-01 to 2019-12-31104,794,000USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2019-12-31-3,244,587,000CNY
At 2018-12-31-2,849,770,000CNY
At 2019-12-31-466,056,000USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2019-01-01 to 2019-12-312,440,000CNY365
2018-01-01 to 2018-12-310CNY365
2017-01-01 to 2017-12-310CNY365
2019-01-01 to 2019-12-31350,000USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2019-12-31545,675,000CNY
At 2018-12-31559,511,000CNY
At 2019-12-3178,381,000USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2019-01-01 to 2019-12-312,970,000CNY365
2018-01-01 to 2018-12-313,851,000CNY365
2017-01-01 to 2017-12-31288,763,000CNY365
2019-01-01 to 2019-12-31427,000USD365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-459,723,000CNY365
2018-01-01 to 2018-12-31-1,028,934,000CNY365
2017-01-01 to 2017-12-31-927,678,000CNY365
2019-01-01 to 2019-12-31-66,036,000USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2019-12-312,044,194,000CNY
At 2018-12-312,582,939,000CNY
At 2019-12-31293,630,000USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2019-01-01 to 2019-12-3114,312,000CNY365
2018-01-01 to 2018-12-312,171,000CNY365
2019-01-01 to 2019-12-312,056,000USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2019-12-312,239,577,000CNY
At 2018-12-312,314,409,000CNY
At 2019-12-31321,695,000USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2019-12-311,176,000CNY
At 2018-12-311,369,000CNY
At 2019-12-31169,000USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2019-01-01 to 2019-12-312,257,309,000CNY365
2018-01-01 to 2018-12-312,672,543,000CNY365
2017-01-01 to 2017-12-311,727,579,000CNY365
2019-01-01 to 2019-12-31324,243,000USD365

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2019-01-01 to 2019-12-311,797,586,000CNY365
2018-01-01 to 2018-12-311,643,609,000CNY365
2017-01-01 to 2017-12-31799,901,000CNY365
2019-01-01 to 2019-12-31258,207,000USD365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2019-01-01 to 2019-12-31396,316,000CNY365
2018-01-01 to 2018-12-31330,376,000CNY365
2017-01-01 to 2017-12-31170,261,000CNY365
2019-01-01 to 2019-12-3156,927,000USD365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2019-01-01 to 2019-12-31101,717,000CNY365
2018-01-01 to 2018-12-3176,022,000CNY365
2017-01-01 to 2017-12-3132,862,000CNY365
2019-01-01 to 2019-12-3114,611,000USD365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2018-03-314,329,000shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2019-12-31142,435,000CNY
At 2018-12-31118,827,000CNY
At 2019-12-3120,460,000USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2019-12-31-738,363,000CNY
At 2018-12-31-338,983,000CNY
At 2017-12-31-1,641,768,000CNY
At 2016-12-31-888,955,000CNY
At 2019-12-31-106,059,000USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2019-12-31598,991,000CNY
At 2018-12-310CNY
At 2019-12-3186,040,000USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2019-12-31656,482,000CNY

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2019-12-31621,697,000CNY
At 2018-12-31601,472,000CNY

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2019-12-3176,022,000CNY
At 2018-12-3141,961,000CNY

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2019-12-31447,639,000CNY
At 2018-12-31418,700,000CNY
At 2019-12-3164,299,000USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2019-12-3111,469,000CNY
At 2018-12-3117,147,000CNY
At 2019-12-311,647,000USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2019-12-31435,225,000CNY
At 2018-12-31455,284,000CNY
At 2019-12-3162,516,000USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2019-12-31180,881,000CNY
At 2018-12-31124,908,000CNY
At 2019-12-3125,982,000USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2019-12-311,670,076,000CNY
At 2018-12-311,765,085,000CNY
At 2019-12-31239,891,000USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

PeriodValueUnitDays
At 2019-12-3185,513,000CNY

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2019-12-3187,954,000CNY
At 2019-12-3112,634,000USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-392,589,000CNY365
2018-01-01 to 2018-12-31-928,660,000CNY365
2017-01-01 to 2017-12-31-913,824,000CNY365

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-395,165,000CNY365
2018-01-01 to 2018-12-31-926,950,000CNY365
2017-01-01 to 2017-12-31-918,714,000CNY365
2019-01-01 to 2019-12-31-56,763,000USD365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2019-01-01 to 2019-12-31-371,209,000CNY365
2018-01-01 to 2018-12-31-799,436,000CNY365
2017-01-01 to 2017-12-31-927,337,000CNY365
2019-01-01 to 2019-12-31-53,322,000USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2019-01-01 to 2019-12-31363,307,000CNY365
2018-01-01 to 2018-12-31443,691,000CNY365
2017-01-01 to 2017-12-31342,906,000CNY365
2019-01-01 to 2019-12-3152,186,000USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2019-01-01 to 2019-12-3136,250,000CNY365
2018-01-01 to 2018-12-3124,930,000CNY365
2017-01-01 to 2017-12-317,333,000CNY365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2019-01-01 to 2019-12-3137,223,000CNY365
2018-01-01 to 2018-12-3125,778,000CNY365
2017-01-01 to 2017-12-318,109,000CNY365
2019-01-01 to 2019-12-315,347,000USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2019-01-01 to 2019-12-31973,000CNY365
2018-01-01 to 2018-12-31848,000CNY365
2017-01-01 to 2017-12-31776,000CNY365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2019-01-01 to 2019-12-3121,280,000CNY365
2018-01-01 to 2018-12-3132,090,000CNY365
2017-01-01 to 2017-12-31276,000CNY365
2019-01-01 to 2019-12-313,057,000USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2019-01-01 to 2019-12-3115,316,000CNY365
2018-01-01 to 2018-12-311,099,000CNY365
2019-01-01 to 2019-12-312,200,000USD365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2019-01-01 to 2019-12-3185,717,000CNY365

Inspect the source

Entity
Sunlands Technology Group / CIK 0001723935
Captured
2026-09-21T17:25:04.583Z
SEC response SHA-256
7da2d6a9d3f0d4f4499afea7aac1caf6f077ff736abb42fbdca5a7133bf33aef

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001723935.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))