Soochow Securities Co.Ltd(601555) 03 released a research report on September 9, giving Luolai Lifestyle Technology Co.Ltd(002293) ( Luolai Lifestyle Technology Co.Ltd(002293) .sz, latest price: 12.86 yuan) a buy rating. The reasons for rating mainly include: 1) China’s leading home textile industry, focusing on the main business, multi brand and all-channel operation; 2) Benefiting from the fact that home textiles have the attribute of standard products and are suitable for online sales, the extension of consumers’ home time after the epidemic, and the continuous prosperity of American real estate, the company’s revenue and profit maintained positive growth in 2020 and the first three quarters of 2021, which was less affected by the epidemic; 3) Clear strategic planning: focus on the main business of home textile, offline store expansion and online dual brand parallel. Risk tip: the epidemic has repeatedly affected residents’ consumption, and the expansion speed of stores is lower than expected.
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