YOUNGOR Is Involved In Equity Disputes And Twists And Turns In Finance.

Gong Dongsheng, the first chairman of the labour University, was taken away by the police on suspicion of other economic cases. The first commitment of the labour university no longer reconstituted within three months. The game, which was interpreted as Gong Dongsheng's "seize power", came to an abrupt end.

YOUNGOR has been coveted for the first time in the construction industry, and has increased its holdings three times since 2011. At last, it jumped to the controlling shareholder after the fourth increase. But on the second day after the first announcement of the news, the company suspended its reorganization. Four suspicious voices have raised doubts about Gong Dongsheng's "seize power".

Liu Xinyu, executive director of YOUNGOR, claims that the construction of the holding company is only to help YOUNGOR develop its main business. They have not yet planned to send a director to the University.

　　 Pioneering work It's just one of YOUNGOR's sophisticated investment businesses. Compared with YOUNGOR's former shareholding listed company, Futian Automobile, CITIC Securities, Zhongtian Technology and Xing Rong investment, at least the first retail department store and YOUNGOR's Clothing industry There is a certain correlation.

In 1993, YOUNGOR, which began to set foot in the financial investment business, earned its full share of the stock reform and was known as the Chinese version of Boxill Hathaway. But YOUNGOR did not go smoothly. In 2007, the investment income rose by 5110.92%, but in 2012 it lost 231 million yuan. At the same time, as investment income has made a considerable contribution to YOUNGOR's net profit, Li Rucheng can not bear to cut meat, so YOUNGOR's net profit also rises and falls with the investment income.

With a painful experience, YOUNGOR, who has been a runner up, realized that relying on its own investment team, it had no longer been able to engage in professional financial investment business, so began to rely on external forces. In December 3, 2008, YOUNGOR announced that it hired Shanghai Kai Shi Cci Capital Ltd as an asset investment management consultant.

Kai Shi investment was established in October 2008, YOUNGOR group held 70%, and management team held 30%. By 2010, the shareholding of YOUNGOR group dropped to 60%, and the shareholding ratio of management team increased to 40%. Kai Shi investment is the legal representative of YOUNGOR Group Chairman Li Rucheng, the management team by Chen Jiwu, Li Wenzhong and a number of investment industry insiders. Before that, Chen Jiwu served as the general manager of the rich country fund. In two years, he led the Wells Fargo fund to the first tier in three years. With less than 4 years of cooperation with Chen Jiwu, YOUNGOR's net profit has gone through a climax of 4 billion 364 million yuan and has returned to its starting point. Love is better than remembrance. After that, Li Rucheng and Chen Jiwu split up two ways.

Chen Jiwu's investment for YOUNGOR is mainly targeted at private placement. In 2006, the private placement has just started, and the yield return has exceeded 300%. In the 2008 to 2010 years, the rate of return has dropped to 40%. In 2011, the market was even more bleak and the breakage rate was as high as 64.25%. As a result, YOUNGOR experienced a 29.95% increase in profit in 2011 and a decrease of 29.95% in 2011 compared with 2009 in 2010. In addition, YOUNGOR's investment judgment is widely criticized.

For example, in 2010, it invested heavily in Shanghai automobile and Futian Automobile. As a result, in January 2011, with the expiration of the preferential policies of automobile consumption and the restriction of purchase, the automobile industry suffered a blow. The Fukuda car, which was invested by YOUNGOR, made a clean up in 2011.

Another example is the water sector. In 2011, because of the favorable policies such as the Central Document No. 1, 22 listed water companies all made profits. YOUNGOR bought 206 million yuan to invest in Xing Rong, and then the water sector, which was affected by the macroeconomic and local finance, was temporarily depressed in 2012.

Li Rucheng once said: "without strong financial support, it is difficult for enterprises to survive for decades or centuries." After experiencing the wind and rain in capital markets, when asked again about YOUNGOR's Secretaries' financial investment business, the other side simply said: "the annual report is not all said, we are now mainly brand."

　 Comment

Single and pluralistic dilemma

　　 Youngor Starting from clothing, and then involved in real estate and financial investment, these businesses have become the three driving force of YOUNGOR. After more than ten years in the men's clothing industry, clothing business has gone through a period of rapid development, so the company began to expand its income source through financial investment.

CITIC Securities is a landmark event in the history of YOUNGOR investment. In the Daniel market in 2007, this investment made the company profitable. Since then, YOUNGOR's investment has also been transformed from single equity investment to fixed growth and PE as a subsidiary mode. The profits of financial investment fluctuated greatly, and the profits in previous years were very good. However, in recent years, there has also been a big loss in the downtrend of the stock market. Therefore, the company has refocused its efforts on clothing business and realized the return of business.

We believe that garment enterprises should focus on their own advantages, so that enterprises with single main businesses are not only easy to be bigger and stronger in business, but also easy to get a higher valuation than diversified enterprises in the capital market.