Luolai Lifestyle Technology Co.,Ltd.’s Net Profit Rose 10.6% in First Quarter of 2023

Luolai Lifestyle Technology Co.,Ltd. (罗莱生活科技股份有限公司) (002293.SZ) reported a net profit of 176.5 million yuan in the first quarter of 2023, up 10.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 3.6% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 37.2%.