Luolai Lifestyle Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 12, 2021 at 06:59 am EDT
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Luolai Lifestyle Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 4,910.643 million compared to CNY 4,860.195 million a year ago. Operating income was CNY 669.261 million compared to CNY 601.895 million a year ago. Net income was CNY 584.989 million compared to CNY 546.075 million a year ago. Basic earnings per share from continuing operations was CNY 0.7065 compared to CNY 0.6599 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. 
