Sunlands Technology Group ADR

Ladies and gentlemen, thank you for standing by, and welcome to Sunland's first quarter 2024 earnings conference call. At this time, all participants are in listen-only mode. Today's conference call is being recorded. I'll now turn the call over to your host today, Yu Hua, Sunland's IR representative. Please go ahead.

Hello, everyone, and thank you for joining Sunland's fourth quarter 2024 earnings conference call. The company's financial and operating results were issued in our press release via Newswire services earlier today and are posted online. You can download the earnings press release and sign up for our distribution list by visiting our IR website. Participants on today's call will be our CEO, Mr. Tong Bo Liu, and our financial director, Mr. Hang Yu Li. Management will begin with prepared remarks and the call will conclude with a Q&A session. Before I hand it over to the management, I'd like to remind you of Finland's Safe Harbor Statement in relation to today's call. Except for the historical information contained herein, certain of the matters discussed in this conference call are forward-looking statements. These statements are based on current trends, estimates, and projections. And therefore, you should now place due reliance on them. Forward-looking statements involve inherent risks and uncertainties. and very important factors could cause actual results to differ materially from those contained in any forward-looking statement. For more information about the potential risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission. With that, I will now turn the call over to our CEO, Tongbo Liu.

Thank you, Yu Hua. Hello, everyone. Welcome to Sunland's first quarter 2024 conference. Prior to commencing, I would like to kindly remind all attendees that the financial information referenced in this release are presented on a continuing operation basis and all figures are denominated in RMB unless expected. We have maintained stability in the midst of challenging conditions. Decide the annual annual decrease of their revenue and their income for the quarter to that $533.2 million and $1,007 million respectively. This marks the 12th consecutive quarter of profitability, underscoring our operational efficiency and commitment to shareholder value. With strong hopes on robust and enduring expansion, we bolstered our endeavors and helped control the United States' digitalization effectiveness.