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Miaoke Lando: Net profit of 75.56M yuan in the first quarter, down 8.30% year-on-year
Miaoke Landuo releases a performance quick report. In the first quarter, total operating revenue was 1.626 billion yuan, up 31.81% year on year. Net profit was 75.558 million yuan, down 8.30% year on year. The main reason for the increase in operating revenue this period is that the company’s ToB and ToC dual-wheel-driven strategic initiatives have begun to show results: both its C-end and B-end businesses recorded year-on-year growth of over 20%. In particular, the C-end ambient/standard-temperature, chilled/low-temperature, and e-commerce segments saw solid year-on-year growth, while the B-end growth mainly came from catering and large customers.