Luolai Lifestyle Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 24, 2020 at 05:22 am EDT
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Luolai Lifestyle Technology Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,905.879 million compared to CNY 2,187.369 million a year ago. Operating income was CNY 202.884 million compared to CNY 237.464 million a year ago. Net income was CNY 167.281 million compared to CNY 207.394 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.2492 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.2494 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. 
