Chengde Lulu achieved a net profit of 400 million yuan in the first three quarters

Beijing News (reporter Wang Ziyang) On October 19, Chengde Lulu released the third quarter report of 2021, showing that the first three quarters achieved revenue of 1.854 billion yuan, an increase of 34.31% year-on-year; net profit was 400 million yuan, an increase of 33.36% year-on-year.

For the growth of revenue, Chengde Lulu said that last year's epidemic situation, sales were small, this year increased marketing efforts, revenue increased. Operating costs increased by 52.67% year-on-year in the first three quarters, Chengde Lulu said, this is due to the increase in operating costs due to increased revenue, while the implementation of the new revenue standard to record transportation expenses in operating costs.

Beijing News reporter Wang Ziyang

Edited by Li Yan Proofread by Liu Baoqing

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