2011 Semi Annual Report Ending &Nbsp; Clothing Sector Performance Eye-Catching

As of August 31st,

Among them, the clothing listed companies have become one of the most significant growth sectors. The 77 semi annual reports of textile and apparel listed companies in the first half of 2011 totaled 6 billion 120 million yuan, up 71.77% over the same period last year.

According to Haitong Securities Research Report, the overall situation of the textile and garment sector is good. In brand enterprises, brand home textiles, outdoor sports and fashion leisure Brand Company show outstanding performance, operating income grew by 48.06%, 49.68% and 44.71% respectively.

The gross profit margin of the industry was 23.61%, 2.32 percentage points higher than that of 21.29% in the same period last year.

The sales cost accounted for 10.84%, which was the highest in the past 3 years, and the labor cost increased obviously.

The overall operation of brand enterprises is relatively stable, but inventory management is not as good as last year.

The overall trend of the apparel industry is in line with expectations.

YOUNGOR: more focus on brand

In the first half of 2011, YOUNGOR realized operating income of 5 billion 390 million yuan, an increase of 0.71% over the same period last year. Net income rose by 44.14% to 837 million yuan over the same period last year.

Among them, the brand clothing business revenue was 2 billion 964 million yuan, an increase of 3.67% over the same period last year, and net profit increased 23.88% to 404 million yuan over the same period last year.

Net profit of real estate development dropped 82.3% to 34 million yuan compared to the same period, and net profit of financial investment amounted to 390 million yuan, up 680% compared to the same period last year.

During the reporting period, YOUNGOR adjusted its industrial structure and further reduced its OEM business by selling its subsidiary Malaysia clothing group (Hongkong) Limited (the purchase price of US $70 million and the pfer price of US $80 million). The resources such as design, R & D, production and management were more focused on the domestic private brand clothing business.

Domestic sales revenue of brand clothing reached 1 billion 895 million yuan, an increase of 26.43% over the same period, and gross margin reached 65.21%.

At the same time, YOUNGOR has made efforts to adjust the channel structure, adhere to the multi brand operation, strengthen the development of large shopping malls and the concentration of proprietary stores, and further shrink smaller self run shops and franchising outlets.

As of June 30, 2011, YOUNGOR had 2161 retail outlets, of which nearly 80% were self owned brand stores and shopping malls, and the overall sales efficiency reached 10 thousand and 100 yuan / square meter.

In addition, YOUNGOR actively develops new brand's network sales mode. At present, it has opened CEO and GY flagship stores in Taobao mall.

According to the Internet sales department's survey of CEO brand online sales customers, 90% of the orders come from the non entity store area, and network sales have become a useful supplement to the sales channels of physical stores.