Eastern Pioneer Driving School Co.,Ltd.’s Net Profit Dropped 37.3% in First Half 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 profit of 7.3 million yuan in the first half of 2023, down 37.3% year-on-year.

Meanwhile, the company posted 500.9 million yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.