In 2011, YOUNGOR Opened 22 "Hemp Family" Stores.

In March 14th, Wang Qing, assistant director of YOUNGOR, said in a telephone interview with reporters that YOUNGOR plans to open 22 stores in 2011, and the total number of stores will reach 30.

Wang Qing, who is also the director of the "Han Ma Shijia" brand studio, also said that the 22 companies opened this year.

Wang Qing said that last year, YOUNGOR's 2 flagship stores opened in Ningbo had earned 9 million yuan in sales revenue and 5 million yuan in advance receipts, making a profit of 5 million yuan.

"The other 6 stores are open at the end of last year, so most of the revenue will be counted in 2011," Wang said.

She hopes that as of the end of this year, 30 Han Ma family stores will have better returns.

Wang Qing said that since the brand of "hemp family" was first created last year, its earnings in YOUNGOR still account for a small proportion. The development of hemp will eventually alleviate the difficulties of the textile industry, such as the depletion of raw material resources, rising costs and dependence on imports. Therefore, YOUNGOR's investment in the hemp industry is a strategic layout.

Yu Cheng, director of the Propaganda Department of YOUNGOR group, told reporters that since 2003, the group has invested more than 200 million yuan in research and development of hemp, and has achieved initial results. Since January 8th, the first "hemp family" store opened, YOUNGOR hopes to accelerate.

Cheng Yuan, an analyst with Dongxing's textile and garment industry, said that hemp is still in the strategic layout stage for YOUNGOR. As a brand of YOUNGOR's clothing business, "hemp family" has less contribution to YOUNGOR's performance at present.

If YOUNGOR can change its low efficiency in brand sales terminals, the development of hemp industrialization will bring about a substantial increase in profitability.

Yi Ke technology is a subsidiary of YOUNGOR holding company, which is mainly engaged in garment accessories, hemp products R & D, processing and so on.

Li Rucheng, President of the National People's Congress and President of YOUNGOR group, is in the country.

Chinese hemp Materials Research Center shows that hemp is the raw material of all kinds of military clothing and high-end clothing, and it is expected to change the fabric structure of the world today. In the future, it can also become a mineral substitute for petroleum and coal, so as to reduce the environmental pollution caused by energy consumption.

Hemp is an eco-friendly, renewable and versatile plant that has been pformed into cotton wool like Bai Huahua through degumming and spinning processes. It can be woollen and cotton blended, and can be blended.

Extensive cultivation of hemp can effectively alleviate the shortage of fiber in China.

The hemp industry, as a national basic strategic new material and bio resource industry, will be included in the national "12th Five-Year plan".

In January 24th, the Southern Metropolis Daily reported that "the state will take effective measures to promote rapid growth and strong hemp industry, and tens of millions of industrial funds will be allocated to hemp holdings in the near future."

Hemp holdings is a subsidiary of Yi Ke technology holding company, with YOUNGOR holding 40% stake and yeco technology holding 51% stake.

YOUNGOR's three quarterly report in 2010 showed that the company's 1-9 month net profit was 837 million yuan, down 23.03% from the same period last year.

Its three main businesses are: textile, clothing, real estate and financial investment.

Among them, the textile and clothing business has five brands, namely: MAYOR&YOUNGOR, YOUNGORCEO, GY, "hemp family" and HartSchaffnerMarx.