Eastern Pioneer Driving School Co.,Ltd. Posted 26.2 Million Yuan Net Loss in First Quarter of 2023

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 26.2 million yuan in the first quarter of 2023, reversing a net profit of 871,532 yuan for the same period in the previous year.

Meanwhile, the company posted 203.6 million yuan in revenue, down 18.1% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 53.5%.