Sunlands Technology Group reported unaudited financial results for the second quarter ended June 30, 2026. Net revenues decreased 24.6% year-over-year to RMB406.4 million (US$59.9 million), while net income fell to RMB83.5 million (US$12.3 million) from RMB126.6 million in the prior year period, resulting in a net income margin of 20.5%. Gross billings declined to RMB286.2 million, and new student enrollments dropped significantly to 95,280 from 159,154. The company announced an outlook for Q3 2026 expecting net revenues between RMB330 million and RMB350 million. Additionally, the board authorized a US$50.0 million share repurchase program in May 2026, with approximately US$2.3 million spent as of August 17, 2026. Sunlands Technology Group operates in China's adult online education and personal interest learning market.