NAMI vs STG
Jinxin Technology Holding Co. and Sunlands Technology Group, side by side — 4 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | NAMI | STG |
|---|---|---|
| Revenue | CNY 413.0M | CNY 2.0B |
| Net income | CNY -94.3M | CNY 365.6M |
| Gross margin | 11.0% | 86.9% |
| Net margin | −24.4% | 18.1% |
| Return on equity | −87.4% | 47.3% |
| Diluted EPS | −CNY 0.07 | CNY 54.28 |
| Dividend / share | · | · |
| Payout ratio | · | 0.0% |
| Free cash flow | CNY -25.4M | CNY 146.6M |
| Equity | CNY 83.9M | CNY 945.6M |
| Net debt / equity | −0.59× | −0.61× |
| Current ratio | 1.53× | 1.21× |
| Revenue CAGR 5y | · | −1.7% |
| Profit CAGR 5y | · | · |
STG bills 4.9× the revenue of NAMI, and NAMI closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
4 years side by side
| Fiscal year | NAMI | STG |
|---|---|---|
| FY2025 | CNY 413.0M | CNY 2.0B |
| FY2024 | CNY 406.4M | CNY 2.0B |
| FY2023 | CNY 379.8M | CNY 2.2B |
| FY2022 | CNY 236.4M | CNY 2.3B |
Bottom line
| Fiscal year | NAMI | STG |
|---|---|---|
| FY2025 | CNY -94.3M | CNY 365.6M |
| FY2024 | CNY 20.3M | CNY 342.1M |
| FY2023 | CNY 70.5M | CNY 640.8M |
| FY2022 | CNY 52.8M | CNY 644.0M |
Standard deviation, each side
NAMI's net margin has been more volatile than STG's over the 4 comparable fiscal years — 19.2 percentage points of standard deviation against 5.6.
4 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
STG led in net margin in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 10 comparable fiscal years — a year missing data on either side is not counted.