Zitong Financial App News, announced to China International (01871) results for the six months ended June 30, 2023, income of 23.425 million yuan (RMB, the same below), down 25.5% from the same period last year; net loss of 3.252 million yuan, profit of 59000 yuan in the same period last year; basic loss per share.
The decrease in revenue during the period was mainly due to a decrease in revenue of about $7.1 million and $1 million respectively from the provision of driving training services for large and small vehicles. The decrease in revenue is mainly due to the overall decrease in enrolment for driving courses for large vehicles and small vehicles, as well as the overall decrease in the number of trainees attending group driving courses and the actual training hours provided by the Group during the six months ended 30 June 2023, due to the deteriorating market conditions in the logistics industry, resulting in a reduction in demand for driving courses, which has a significant impact on course enrollment for large vehicles.