Orchid Pavilion Set Potential first quarter net revenue of 81.5 million U.S. dollars, an increase of 11.2%

Absrtact: May 21 News, Orchid Pavilion set potential first-quarter earnings show, net revenue of 81.5 million U.S. dollars, an increase of 11.2%; net loss of 9.2 million U.S. dollars. Main results in the first quarter: net revenue of 81.5 million U.S. dollars, a year earlier the same period of 73.3 million U.S. dollar growth of 11.2%. Net revenue

May 21 News, Orchid Pavilion set potential first-quarter earnings, net revenue of 81.5 million U.S. dollars, an increase of 11.2%; net loss of 9.2 million U.S. dollars.

Main results of the first quarter:

Net revenue was $81.5 million, up 11.2% from 73.3 million trillion dollars a year earlier. Net revenue year-on-year growth, thanks to its bridal business recovery, as well as the contribution of mobile electric business.

--The total order volume increased by 40.9% to 2 million.

-The apparel category grew 8.5% from a year ago to $24.5 million trillion, accounting for 30% of net revenue, down from 30.8% in the same period. Revenues from electronic products and commodities reached $57 million trillion, up 12.4% from a year earlier.

Revenue from Europe was $54.2 million trillion, up 14.2% from a year earlier. Europe's revenues accounted for 66.4% of the company's total revenue, up from 64.7% in the previous year, and 5.1 million in South America, accounting for 6.3% of the company's total revenue, and 16.4 million dollars in revenue from North America, up 13% from a year earlier, Occupies 20.1% of the company's total revenue;

-Gross profit of $33.7 million, up 1.2% from the 33.3 million dollar a year earlier;

Operating expenses were $42.3 million trillion, up 40.7% from $30.1 million a year earlier. Operating expenses accounted for 51.9% of total net revenue, up from 41% a year earlier.

Operating loss of 8.6 million U.S. dollars, less than a year earlier operating profit of 3.2 million U.S. dollars.

Net loss of $9.2 million trillion, less than the net profit of $2.6 million a year earlier.

Performance expectations

Orchid Pavilion is expected to net revenue in the second quarter of 84 million U.S. dollars-86 million U.S. dollars, an increase of 16% to 19%.