Sunlands Technology Group (STG)

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunlands' First Quarter 2025 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded.

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunland's Fourth Quarter and Full Year 2024 Earnings Conference Call.

The R1 model is going to get a successor soon.

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunlands' Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

Operator: Ladies and gentlemen, thank you for standing by and welcome to Sunlands Second Quarter 2024 Earnings Conference Call. [Operator Instructions]. Today's conference call is being recorded.

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunlands First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunlands Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in listen-only mode.

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunlands' Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode.

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Sunlands Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.