The Main Business Is Deteriorating, And Garment Enterprises Are Forced To "Go Out Of Business."

< p > > strong > YOUNGOR has released the notice of the industry again after two years. < < /strong > < /p >

"P > > YOUNGOR target=" _blank "href=" http://www.91se91.com/ "> clothing < /a > business YOUNGOR released the announcement again," the eight children "has been doing the" Tuen Di "activity.

15, YOUNGOR announced that its wholly owned subsidiary YOUNGOR real estate recently signed a contract with Ningbo VICCO Real Estate Co., Ltd. to participate in the capital increase of Ningbo Victor Chengxi Real Estate Co., Ltd., which is expected to be sold in the second half of 2014.

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"P" YOUNGOR released the announcement twice after two years. Unlike previous "bold and unconstrained faction" practices, before the 2011, YOUNGOR took part in the auction, and several projects were returned to the bag with "land king" price.

According to the results of YOUNGOR's three quarterly report, although its a target= "_blank" href= "http://www.91se91.com/" > textile < /a > and garment foundry business continued to shrink, the performance of textile and garment sector increased by 30% over the same period last year, while investment performance was in a loss. When the company's strategy of returning to the main garment industry remained unchanged, the company once again took the place, and whether it had "no more work"?

< p > semi annual report shows that YOUNGOR's current business income is mainly composed of three parts: < a target= "_blank" href= "http://www.91se91.com/" > brand clothing < /a >, real estate development and financial investment, while its semi annual report disclosed that there are as many as 30 listed companies holding equity, and the initial investment cost is as high as 7 billion 320 million yuan.

The three quarterly report also shows that the company further adjusts the industrial structure of the textile sector and reduces the scale of operation.

In addition to "hoarding land", YOUNGOR also owns more than 5% of the other four listed companies.

In addition, YOUNGOR has directly or indirectly held more than 5% of the shares of Ningbo bank and Jin Zhengda, and is the controlling shareholder of yeco technology.

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< p > China gold international research report pointed out that from half year report, we can see that the scale of textile and garment foundry of YOUNGOR has been very small, and basically does not contribute to profits.

The equity investment held by the company will contribute to profits when the market recovers and will reduce the scale of investment.

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< p > in fact, YOUNGOR has entered the real estate market in the past few years, and has become the king of Ningbo, Hangzhou and Suzhou at a high price.

Public information shows that as early as April 21, 2004, YOUNGOR real estate photographed three plots of Hudong 03, 04 and 05 in Suzhou Industrial Park in Suzhou, with a total price of 1 billion 413 million yuan. This is the first place that YOUNGOR won in different places. In July 2007, YOUNGOR went to Hangzhou to become the "king of Hangzhou".

In February 2008, YOUNGOR home returned to Ningbo, with a total price of 979 million 700 thousand yuan to win a land mass in Beijiao Road, Ningbo, with a floor price of 13100 yuan per square metre, which set the highest price for Ningbo land listing, and Ningbo's new "land king" was announced.

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< p > < strong > under pressure to diversify investment < /strong > /p >

< p > industry analysis shows that business pressure is increasing and performance is deteriorating by stages. This is the current situation of textile and garment industry.

Huge inventory pressure makes many clothing listed companies also begin to take the initiative of diversification under the banner of pformation.

And the real estate clothing companies have YOUNGOR and Lining before, and then there are American States and Semir.

In mid last year, Semir announced the announcement of the a target= "_blank" href= "http://www.91se91.com/" > dress < /a >, which will spend 156 million yuan on the acquisition of a shop in Hangzhou with equity acquisition.

And Smith barrack bought a huge property in Shanghai.

In addition, Shanshan stock has already started the diversified development of clothing, lithium batteries and investment. In the half year last year, the operating profit of its lithium battery material business has been very close to the profit of garment business.

Analysis of the industry, clothing enterprises "another way" to develop strong large Ben is understandable.

"But enterprises should take a long-term view, and should not lock in short-term interests and blindly adjust strategies."

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