YOUNGOR Stock Bottom Selling Like A Duck To Water

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The shoe and hat net gives you an introduction to YOUNGOR stock market during the oscillation period, selling stocks and making 100 million net profit.

Over the past few years, the domestic stock market has been shaking violently, while retail investors are panic cutting meat, YOUNGOR is buying heavily.

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YOUNGOR's latest announcement said that from May 19, 2015 to July 13, 2015, the company bought some of the financial assets available for sale, such as 600000.SH and 00267.HK, with a total paction value of 2 billion 498 million yuan, accounting for 15.12% of audited net assets at the end of last year.

Reporters observed that the Shanghai Pudong Development Bank shares rose to its highest level in June 5, 2015, at 19.17 yuan per share, and the lowest share price fell to around 14.8 yuan in June 29th.

CITIC shares rose to 14.8 yuan before the shock of the stock market, down to 11.6 yuan in July 9th.

YOUNGOR's investment in CITIC is very important.

Before and after 1999, YOUNGOR invested 320 million yuan in its own investment to initiate the establishment of CITIC Securities Limited by Share Ltd. The company registered capital of 2 billion 50 million yuan, and YOUNGOR held 9.61% as the second largest shareholder.

In 2007, CITIC stock prices soared and YOUNGOR began to cut.

By the end of 2007, the initial cost of YOUNGOR's remaining CITIC stock was 238 million yuan, but the final value reached 12 billion 373 million yuan, which was about 60 times the cost and the rate of return was staggering. The reason for YOUNGOR's chairman Li Ru was called "stock speculating master" in some media circles.

In addition to the big bottom, during the stock market turmoil, YOUNGOR sold some stocks and got huge net profits.

From June 10, 2015 to July 13, 2015, YOUNGOR sold some of the available financial assets such as ping an (H share) and Guang Bo shares, with a total paction value of about 500 million yuan, accounting for 3.04% of audited net assets at the end of last year, resulting in an investment income of about 140 million yuan and a net profit of about 100 million yuan (based on audit data), accounting for 3.32% of the audited net profit in the previous year.

From the beginning of 2015 to July 13, 2015, YOUNGOR had accumulated 1 billion 196 million yuan in investment income and 897 million yuan in net profit (which was based on audit data).

YOUNGOR's previous half year performance forecast showed that the net profit attributable to the company's shareholders in January 2015 ~6 will increase by about 50% compared to the same period (statutory disclosure data) in the same period of last year.

In the first half of 2014, YOUNGOR's net profit attributable to shareholders of listed companies was 1 billion 829 million yuan.

For the reasons for the huge increase in net profit, YOUNGOR said, in 2015 1~6 months, the company's brand

Business growth has been better, real estate development has maintained steady development. Meanwhile, the company has reduced some of its available financial assets, making the investment income increase substantially over the same period last year. The acquisition and storage of the textile city block also had a positive impact on the company's current performance.