综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

First driver-training firm to launch IPO

By Zhu Wenqian | China Daily | Updated: 2016-02-09 16:02

Eastern Pioneer Driving School Co Ltd is set to become the country's first publicly traded learner center after its initial public offering on Friday.

The Beijing company, which has a leading 20 percent share of the capital's driver-training market, is listing 50 million shares on Shanghai Stock Exchange.

The school is among the first batch of companies to go public after new IPO rules were approved by the China Securities Regulatory Commission, which will see the removal of full subscription payments before share sales.

The move is being made to prevent IPOs from locking up too much capital, and hindering market liquidity.

Eastern Pioneer has built its revenue from 700 million yuan ($106 million) in 2012, to 1.28 billion yuan in 2014, with profits of 297 million yuan that year.

Its net annual profit margin in 2014 was over 23 percent, similar with the previous two years, according to its earnings report.

Driving schools are now enjoying far stronger profits than other automobile-related sectors.

Industry figures show that in 2013, China's six listed auto retailers had average gross profit rises of 4.4 percent.

Its growing revenues have allowed Eastern Pioneer to raise its training fees several times in recent years. It now costs 5,000-6,000 yuan to complete one of its driver-training courses.

The school was China's first training center for disabled drivers, and it also offers qualifications for foreign students.

Jia Xinguang, an independent auto analyst based in Beijing, said: "One of the main reasons that driving schools do so well here is that there's no other country besides China that requires everyone to take lessons at driving schools before taking the test to get the driving licenses. The driver-training market is huge."

China overtook the United States in 2009 as the world's largest car market, and last year became the biggest new-energy vehicles market, according to the China Association of Automobile Manufacturers.

About 330,000 new-energy cars were sold in 2015, a 340 percent increase over the previous year.

The association predicts that within 15 years, 1 billion Chinese will hold driving licenses.

zhuwenqian@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
治县。| 石棉县| 当雄县| 丹阳市| 德格县| 阿拉尔市| 石景山区| 玛曲县| 淳化县| 金坛市| 武陟县| 通海县| 漳州市| 汪清县| 辽宁省| 古田县| 赫章县| 广宗县| 龙口市| 黑龙江省| 宜章县| 汶上县| 宣化县| 孟连| 永宁县| 曲靖市| 通州市| 咸阳市| 广河县| 广平县| 湟源县| 阜新市| 阿拉善左旗| 思茅市| 南郑县| 娄底市| 杂多县| 聂拉木县| 姜堰市| 许昌市| 逊克县|