JX Luxventure Limited Reported A Significant Increase in its Revenue for the Year ended December 31, 2021 (546X of 2020 Revenue)
HAIKOU, China, May 13, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: LLL) (the "Company"), a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism, announced that it filed today annual report on Form 20-F for the fiscal year ended December 31, 2021 (the "2021 Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2021 Report can be accessed on the SEC's website at http://www.sec.gov.
- As disclosed in the 2021 Report, for the year ended December 31, 2021, the Company's total revenue increased by 446% to US$59.01 million from US$10.88 million reported by the Company for the year ended December 31, 2020.
- Following the acquisition of Flower Crown Holding in December of 2020, we acquired two new segments: cross-border merchandise and tourism.
- Those two segments business lines generated a total of US$54,040,948 revenue in 2021, which is 91% of our total revenue for the same period.
- I am excited about the growth of those two lines of business, which had an increase of 4046% from 2020 revenue of US$1,335,374.