YOUNGOR Will Issue Ultra Short Term Financing Coupon To Optimize Financing Structure

Nightly February 23rd, nightly

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Group Limited by Share Ltd (hereinafter referred to as "YOUNGOR") issued a notice. In order to optimize the financing structure and reduce the financing cost, the company intends to register an ultra short term financing certificate which does not exceed RMB 3 billion yuan. The funds are mainly used to supplement the working capital, repay all kinds of credit bonds and loans from financial institutions.

YOUNGOR is based on

YOUNGOR has been involved in the equity investment field since 1993, and has been pformed from financial investment to industrial investment since 2012. The three major sectors of clothing, real estate development and financial investment are diversified and growing.

At present, the investment business of a company is mainly divided into strategic industrial investment and financial investment.

In terms of strategic industry investment, the company will focus on the fields of big health, big finance, comprehensive group and so on, and continuously improve the strategic layout and create a financial holding platform.

In terms of financial investment, the company focuses on enterprises with better growth.

According to the world clothing and shoe net, the industry believes that the investment sector is an effective complement to YOUNGOR's existing business, YOUNGOR's clothing sector is relatively stable, and major capital expenditure projects are less, so it has a strong cash flow generation capability.

And the real estate sector of YOUNGOR has gradually pformed from rough development to intensive farming development. It will become more cautious on land reserve, thereby strengthening the cash flow rate of the real estate sector.

The company's investment sector can rely on the company's industrial resources advantages to develop new growth points for the company by relying on the cash flow advantages of the company's clothing and real estate business.

However, in the view of Mi Hanjie, analyst at GF Securities, the investment income of YOUNGOR in the past two years is quite impressive, which is inseparable from YOUNGOR's investment pformation direction and correct investment philosophy. In the 2014 quarter, 2015 and the first quarter of 2016, the net profit generated by investment business contributed 75%, 62% and 42% respectively to the overall net profit of the company, and investment business is an important source of profits for the company.

Mi Hanjie believes that the advantages of YOUNGOR in the investment sector are mainly the following two points: first, the cash flow of its clothing and real estate sector is strong enough to invest in its own funds and hold strong capacity.

Second, the company's major investment in big health, big financial field, and the direction of company pformation coincide, and it is possible to form synergy effect with the company's original business sector in the future.

But he also believes that YOUNGOR's investment sector holds a large number of listed companies' stock, which is affected by the two market, and its performance fluctuates greatly.

At the same time, YOUNGOR also has equity investment in non-listed company, holding a longer cycle and less liquidity.

Investment sector accounted for 43% of the company's overall valuation, a relatively large proportion.

Earnings also showed that in the first three quarters of 2016, the investment income of YOUNGOR investment reached 2 billion 919 million yuan, up 40.21% over the same period last year.

Among them, the change of LIAN's electronic accounting method and the sale of Changfeng thermoelectric equity brought about 1 billion 249 million yuan of investment income and 462 million yuan of disposal of the sale of financial assets. However, the net profit of investment business decreased by 12.95% over the same period last year as a result of the increase in land acquisition and storage income and the increase in interest expense in the current period.

Continuation of the idea of "financial investment to industrial investment pformation", the industry expects that YOUNGOR's future investment business will gradually focus on technology and new energy, health care, pension, tourism and other long-term promising industries.

More interesting reports, please pay attention to the world clothing shoes and hats net.