YOUNGOR Launched &Nbsp Again; The Five Investment Exceeded Six Hundred Million.

YOUNGOR [11.91 -1.81% shares] to play again, to invest in Chengdu City Xing Rong [19.76 0.46% shares] Limited by Share Ltd invest 206 million yuan, accounting for 2.08% of total investment in the total investment of Xing Rong.

YOUNGOR, a garment maker, is not news, brand clothing, real estate development and so on. Financial investment Has become the three carriages.

From January to this year, YOUNGOR has made five rounds of investment, amounting to 632 million yuan. The hard work in real estate and financial investment has aroused the outside doubt, and frequently appeared the theory of "doing nothing" but Li Rucheng thought that YOUNGOR's policy of making clothes and real estate should remain unchanged for at least 20 years. Its real estate business will also be split and listed.

YOUNGOR's 2010 annual report just released shows that in 2010, YOUNGOR achieved 14 billion 500 million yuan in operating income, an increase of 18.20% over the same period, of which net profit was 2 billion 670 million yuan, down 18% from the same period last year.

Main business Clothing business The income reached 6 billion yuan, and maintained a stable trend compared with the same period last year. Real estate development achieved operating income of 6 billion 800 million yuan, even though it increased by 31% over the same period last year, but net profit has dropped by nearly 43%.

Financial investment is "outstanding" in YOUNGOR's annual report data. In 2010, YOUNGOR participated in more than ten companies. Listed company The private placement investment will reach 4 billion 365 million yuan, and the book will be fully realized. The market value will be close to 6 billion 300 million yuan at the end of the term. The announcement pointed out that in 2010, YOUNGOR's financial investment business made a net profit of 1 billion 245 million yuan.

On the 19 th of this month, YOUNGOR has just set up an investment review working group headed by Li Rucheng. It has made preliminary deliberations on matters such as group purchase and sale of assets and foreign investment projects. It has exercised decision-making power on projects whose investment amount does not exceed 10% of the company's latest audit net assets. After the formation of the resolution, it has been submitted to the board of directors or shareholders' general assembly for approval according to the approval authority corresponding to the amount of investment.

YOUNGOR recently signed a financial consultancy agreement with the Kay stone Cci Capital Ltd of Shanghai, a related party. The service fee is 15% of the investment income. Kay stone investment was founded in October 2008, the legal representative is Li Rucheng, has provided YOUNGOR two years of advisory services, YOUNGOR has paid about twelve million yuan for its advisory services in 2009.