Overall Downturn In The Apparel Industry, YOUNGOR'S New Investment Industry

In the overall downturn of the apparel industry,

New growth points are being sought in various ways.

Limited by Share Ltd, a well-known YOUNGOR group, announced yesterday that the group's wholly owned subsidiary, Ningbo YOUNGOR health technology industrial investment fund partnership, invested 50 million yuan to acquire 10% of Cci Capital Ltd's new energy industry in Ningbo.

Independent fashion division Ma Gang told reporters that YOUNGOR group has consistently adhered to the diversified development strategy of clothing, real estate and investment in the three carriages. Under the background of the current downturn in the apparel industry, investing in some quality projects can achieve asset appreciation and help the group return to the main business -- clothing business.

YOUNGOR group said that this investment aims to grasp the investment opportunities of big health and new energy industry, and is the beginning of the company's exploration of new energy field. It is in line with the company's long-term strategic development plan, and is conducive to the company's investment business to strategic and industrial investment.

To expand the investment business interface is conducive to increasing brand value and driving the company's overall development.

This reporter has learned that YOUNGOR group has been making frequent moves in the investment field recently.

This year, YOUNGOR group has invested 16 billion 467 million yuan in CITIC shares and obtained a 49% stake in CITIC.

YOUNGOR group reported that the group's revenue in the first three quarters of 2015 decreased by 2.62% to 3 billion 205 million yuan, and net profit was 543 million yuan.

In contrast, the investment income of group investment increased by 32.73% to 2 billion 82 million yuan, and net profit rose 111.1% to 1 billion 900 million yuan over the same period.

Ma Gang said that despite the good performance of the real estate sector and investment sector, the clothing business is still the main business of YOUNGOR group, and the group has emphasized the need to return to its main business.

For YOUNGOR, under the background of lagging internal innovation and the downturn of the clothing market, investment can help group get through.

Chain is a way to return to the main business.

It is worth noting that in the current market environment, investment must be carefully considered.