Levo sold 659 million in three months, and the revenue of the independent website increased by more than 8 times!

Home and office are really good, Levo's revenue increased by 181.98% in the first quarter

It is understood that Leckey's main business focuses on healthy and smart office and smart home products with linear drive as the core . It has always been committed to innovating daily life and office methods with ergonomic concepts, especially providing more healthy, comfortable, safe and efficient healthy office overall solutions for people who sit in offices for long periods of time .

The financial report shows that in the first quarter, Lechuang achieved operating income of 659 million yuan , a year-on-year increase of 181.98%, and net profit of 31.96 million yuan , a year-on-year increase of 128.17%.

Lechuang said that under the full value chain business model, advantages such as independent brands, lean manufacturing and innovative research and development have been further strengthened.

It is worth noting that Leckey has extensive and long-term data analysis accumulation and deep user insights in the field of ergonomic healthy office and smart home based on the sales of its own Internet brands, which has laid a market insight foundation for cooperation with 2B customers and continuously attracted high-quality 2B customers.

Therefore, the company's overall operating performance in the first quarter was good. Among them, cross-border e-commerce sales revenue increased by 243.94% year-on-year, and the company's independent site sales revenue increased by 842.60% year-on-year.

Nowadays, the number of people who sit in offices for long periods of time is increasing. By leveraging its own advantages while firmly grasping the market demand, Levo is indeed an object of worship for many small and medium-sized sellers.

Lechuang's independent website business has grown steadily

After entering 2021, some big sales continued to grow steadily, while others were affected by various unfavorable factors. Lege said that the net profit in the first three months was actually affected by many factors↓

( 1) Rising prices of raw materials.

(2) The RMB exchange rate has appreciated significantly.

(3) Ocean freight costs have skyrocketed.

(4) The cross-border e-commerce public overseas warehouse business is in the initial operation stage and has not yet generated any profit.

Although profits were affected in the first quarter, Lechuang still performed very well in 2020.

In 2020, Lechuang achieved operating income of 1.94 billion yuan , an increase of 98.42% over the same period last year , and net profit attributable to shareholders of listed companies of 217 million yuan , an increase of 244.7% over the same period last year .

In addition to revenue data, the sales model of Lechuang also attracted attention. It is reported that Lechuang's sales model covers a diversified sales model of multiple types and channels at home and abroad, online and offline, and is continuously expanding its channels.

In terms of online sales, Leckey mainly conducts sales through large e-commerce platforms, such as Amazon, independent sites , HomeDepot , OfficeDepot , Wal-mart, Rakuten, Yahoo, Wayfair and other e-commerce platforms overseas .

In recent years, Lechuang's independent website has been developing steadily and rapidly, and its Google search ranking and Alexa global ranking have continued to improve.

While many sellers are flocking to independent websites, Levo has been able to do so well in the smart home category in the industry, and its revenue model is indeed worth learning.

Financial Report

Cross-border e-commerce market

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