日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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
主站蜘蛛池模板: 深爱五月激情网 | 日韩精品在线免费观看 | 五月天综合网站 | 久艹伊人 | 男女瑟瑟 | 黄色小说乱 | 欧美激情bbw | 日日麻批免费视频播放 | 最新色网址| 五月激情啪啪 | 青青青手机在线视频 | 四虎影院最新网址 | 午夜精品三级久久久有码 | 久久成年视频 | 欧美色图p | 欧美综合视频在线观看 | 国产www色 | 国产精品毛片久久久久久久av | 9 1 视频在线 | 亚洲成人看片 | 成人午夜免费影院 | 婷婷视频网 | 热99视频 | 日韩午夜网站 | 免费成人深夜天涯网站 | 神马影院一区二区三区 | 国产成人精品一区二区三区在线 | 久久国产精品视频 | 国产亚洲精品久久久久动 | 成人免费在线视频 | 免费毛片a | 日韩欧美无 | 国内久久久久 | 日韩在线专区 | 欧美性生活一级片 | 日韩欧美在线精品 | 在线三级av| 欧美日韩在线视频播放 | a级片黄色 | 国产欧美日韩综合精品 | 中午字幕在线观看 |