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...
