The annual results for the year ended December 31, 2023 were announced to China International (01871). The Group's revenue was RMB 39...
Zhitong Finance App News announced to China International (01871) the results for the year ended December 31, 2023. The Group's revenue was RMB 39.884 million (same unit), a year-on-year decrease of 16.45%; loss attributable to shareholders was RMB 8.443 million, a year-on-year decrease of 2.58%; loss per share was 2.11 points.
The announcement stated that throughout the year ended December 31, 2023, the company's performance in terms of the number of course applicants and the number of participants taking the driving course declined. Compared with the same period in 2022, the company achieved negative growth in the total number of course applicants and the total number of students taking driving courses for the year ended December 31, 2023. The overall decline in the company's business performance was due to a decrease in the number of actual training hours provided by the Group for the year ended December 31, 2023. The market conditions in the logistics industry continued to deteriorate due to continued tension in the trade relationship between China and the US, leading to a decrease in demand for driving courses, which had a significant impact on the number of applicants for large vehicles.