国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

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
汉沽区| 岐山县| 鱼台县| 康平县| 边坝县| 东平县| 镇巴县| 颍上县| 昌都县| 苏尼特左旗| 万源市| 兴隆县| 灵宝市| 杭锦旗| 十堰市| 渭南市| 通化县| 临澧县| 英吉沙县| 新干县| 永福县| 喀喇| 东海县| 陆丰市| 措勤县| 秦皇岛市| 蒙城县| 陆丰市| 古蔺县| 蒙自县| 巴楚县| 内丘县| 漠河县| 富阳市| 长乐市| 盐城市| 闸北区| 盘山县| 宝山区| 正蓝旗| 邢台市|