Affected By The Epidemic, Retail Sales Fell To 45% In The First Quarter.
A few days ago, China (1234) released its first quarter results in 2020. According to the announcement, by the outbreak of the new coronavirus epidemic, the retail sales of LILANZ in the first quarter decreased by 40% to 45% compared with the same period last year.
Prior to this, Le Lang released 2019 annual results. In 2019, the company realized operating income of 3 billion 658 million yuan (RMB, the same below), an increase of 15.5% over the same period last year, and realized an annual profit of 812 million yuan, an increase of 8.1% over the same period last year.
By the end of 2019, there were 2815 retail outlets in the country, with 145 new stores in the year, and 290 independent stores in the light business series, an increase of 78 in the year.
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