Sunlands Technology Group reported third quarter 2025 net revenues of RMB523.0 million, up 6.5% year-over-year. Gross profit increased 13.1% to RMB462.7 million, while operating expenses declined 5.5%. Net income reached RMB125.4 million. Gross billings per new student enrollment for interest, professional skills, and professional certification preparation courses rose 11.7% year-over-year. For the first nine months of 2025, basic and diluted net income per share was RMB48.5, compared with RMB41.5 in the same period of 2024. For the fourth quarter of 2025, Sunlands expects net revenues between RMB440.0 million and RMB460.0 million, representing a year-over-year decrease of 4.9% to 9.0%. The company highlighted strong performance in interest-based courses and ongoing cost control efforts.