YOUNGOR'S Revenue Declined, Net Profit Increased

Recently,

The 2015 performance report showed that the company achieved a total revenue of 14 billion 505 million yuan during the period, down 8.79% compared with the same period last year.

It is worth noting that although revenue has declined, it is attributable to

The net profit of shareholders of the company was 4 billion 396 million yuan, an increase of 39.01% over the same period last year.

YOUNGOR said in its announcement that there are two main reasons for the company's profit growth.

On the one hand is due to

The situation has improved. The net profit of the company in real estate development business has increased over the same period of 122 million yuan a year.

Urban block

The land reserve center of Yinzhou District city has a positive impact on its business performance.

In the overall downturn of the garment industry, garment enterprises have to seek new profit growth points through business pformation.

In December 2015, YOUNGOR's wholly owned subsidiary, Ningbo YOUNGOR health technology industrial investment fund partnership, invested 50 million yuan to acquire 10% of Ningbo Zhongcheng new energy industry Cci Capital Ltd.

The industry believes that YOUNGOR hopes to invest in some quality projects to achieve asset appreciation, leading to revenue growth.

In fact, YOUNGOR's profit growth comes from the real estate sector on the one hand and from the investment on the other.

In 2014, YOUNGOR realized net profit of 3 billion 161 million yuan, an increase of 132.48% over the same period last year.

Among them, YOUNGOR made a profit of 1 billion 463 million yuan by selling some of the stocks such as CITIC Securities and Industrial University, and in 2015, YOUNGOR sold its financial assets, such as Ping An and Guang Bo shares, and so on, generating a net profit of 897 million yuan.

In the first three quarters of 2015, the revenue of garment sector dropped by 2.62% to 3 billion 205 million yuan, and the net profit was 543 million yuan in 2015.

Despite the poor performance of the clothing business, the clothing business is still the main business of YOUNGOR. YOUNGOR has also said it will return to its main business.