Luolai Lifestyle Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 22, 2021 at 09:47 am EDT
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Luolai Lifestyle Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,319.100 million compared to CNY 893.140 million a year ago. Operating income was CNY 214.528 million compared to CNY 85.977 million a year ago. Net income was CNY 182.776 million compared to CNY 71.355 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.0859 a year ago. Diluted earnings per share from continuing operations was CNY 0.22 compared to CNY 0.0858 a year ago.
LUOLAI LIFESTYLE TECHNOLOGY CO., LTD., formerly LUOLAI HOME TEXTILE CO., LTD., is a China-based company, principally engaged in the production and distribution of home textile products. The Company provides suite series, quilt series, pillow series, summer products series and other accessories, among others. The Company distributes its products under brand names of LUOLAI, SHERIDAN and SAINT MARC, among others. Through its subsidiaries, the Company is also engaged in the investment information consulting, the project investment and management, as well as the import and export of goods and technologies. The Company distributes its products in domestic markets and overseas markets.
LUOLAI LIFESTYLE TECHNOLOGY CO., LTD. 
