Eastern Pioneer Driving School Co.,Ltd. Posted 56.5 Million Yuan Net Loss in 2022

Eastern Pioneer Driving School Co.,Ltd. (东方时尚驾驶学校股份有限公司) (603377.SH) reported a net loss of 56.5 million yuan in 2022, reversing a net profit of 148.8 million yuan for the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 53.3%.