Shanghai Lansheng’s revenues drop 25% in Q1

Shanghai, 1st May: Earlier this month, Shanghai Lansheng released its financial results for the quarter ended 31st March 2020. The company reported a decrease of 25% in revenues, down to almost US$82.5 million. However, the company’s management did not comment on the reason for the decrease.

Within the same period, the company recorded a loss of US$7.1 million, compared with a profit of US$17.9 million last year.