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Lvji Technology Announces 2021 Interim Results

HONG KONG, Aug 27, 2021 - (ACN Newswire via SEAPRWire.com) - China's leading online tour guide provider Lvji Technology Holding Inc. ("Lvji Technology" or the "Company", together with its subsidiaries, the "Group", stock code: 1745.HK) is pleased to announce its consolidated results for the six months ended 30 June 2021 (the "Period").Since March 2021, the tourism market has recovered, which led to a rapid recovery in travel demand of consumers and resulting in a steady growth in the Group's business. In the first half of 2021, the total revenue of the Group increased by approximately 118.1% to RMB175.1 million, and the revenue level has almost resumed to that before the outbreak of the epidemic. Gross profit increased significantly to RMB48.8 million, with a gross profit margin of 27.9% compared to 4.6% for the same period of 2020. The substantial increase in gross profit margin was mainly due to the steady growth of revenue during the Period and the accelerated recovery of the tourism market. Lvji Technology has achieved a turnaround from loss to profit during the Period, with a profit for the period about RMB 880,000, compared with a loss of about RMB 80.0 million in the same pe...

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Lvji Technology Announced 2020 Annual Results

HONG KONG, Mar 26, 2021 - (ACN Newswire via SEAPRWire.com) - China's leading online tour guide provider Lvji Technology Holding Inc. ("Lvji Technology" or the "Company", together with its subsidiaries, the "Group", stock code: 1745.HK) announced its consolidated results for the year ended December 31, 2020 ("the Year").Financial Highlights:-- The revenue in 2020 was RMB295.1 million, compared with RMB541.8 million in 2019. The decrease in the revenue was mainly due to the global outbreak of COVID-19 in the first quarter which led to shrinking travel demand. The revenue in the second half of 2020 was RMB214.7 million, recording an increase of 167% compared to the first half of 2020.-- The Company has been establishing in-depth cooperation with cultural and tourism bureaus and scenic spots across China. The revenue from the sale of customized content in 2020 was RMB13.0 million, a significant increase of approximately 49.9% compared to 2019.-- The net loss for the Year was RMB100.6 million, whereas the profit in 2019 was RMB160.8 million. The loss was mainly due to the continuous pressure on the Company's overseas online tour guide business, which was the result of the severe situati...