YOUNGOR Intends To Rename The Company To Increase Its Registered Capital

(600177) in the evening of September 19th announcement, the company intends to rename the wholly owned subsidiary of Ningbo Ya Sheng landscape gardening Co., Ltd. to Ningbo Hongya investment limited and increase its registered capital from 26 million yuan to 100000 million yuan.

After renaming and increasing capital, Ningbo Hongya Investment Limited is engaged in asset management, investment management and investment consulting.

The company financed its own capital and paid it before August 1, 2027. After the capital increase is completed, it still has a 100% stake in the company directly.

The announcement indicated that the company renamed, increased capital and changed the scope of operation of its wholly owned subsidiary, Ningbo Ya Sheng landscape gardening Co., Ltd., aiming at making rational use of existing resources to meet the needs of enterprise development and promoting the professionalization of investment business.

Insiders said YOUNGOR's main business includes brand clothing, real estate development and investment business.

In the first half of this year, the company achieved operating income of 5 billion 399 million 274 thousand and 700 yuan, due to cyclical factors leading to the reduction of property pfer projects, a decrease of 37.70% over the same period last year, and a net profit of 2 billion 47 million 130 thousand and 300 yuan attributable to shareholders of listed companies, a decrease of 33.33% over the same period last year.

It is worth noting that the operating income of the apparel sector increased by 10.67% over the same period last year, and net profit increased by 12.96% over the same period last year, indicating that the business is recovering.

The company simultaneously promotes the channel strategy of "opening big stores, expanding halls, closing stores, and optimizing structure".

As of the end of the first half of this year, its total sales outlets totaled 2469, 85 less than the beginning of the year, but its business area reached 390 thousand and 200 square meters, an increase of 8690 square meters compared with the beginning of the year.

Judging from the first half of the year, the apparel business segment is expected to continue to grow in the second half of the year.

However, the real estate sector achieved a decrease of 54.24% and 60.97% respectively in operating income and net profit compared with the same period last year.

The performance of the real estate sector is related to the delivery settlement of the project. If the company has a future project delivery, it will promote its growth in performance.

The capital increase subsidiary will enhance its strength and facilitate the development of investment business of listed companies.

Founded in 1995, YOUNGOR apparel Co., Ltd. is a modern marketing company established according to international practice. It is mainly engaged in sales of YOUNGOR shirts, suits, T-Shirts, leisure and other clothing.

Shirts for ten consecutive years, Western-style clothes for five consecutive years, the first sales volume in the country, shirts, Western-style clothes and trousers have been rated as Chinese famous brands.

The company has been committed to the establishment of the marketing network, and has set up 150 branches in the whole country, a self marketing store covering the whole country, a large window shopping mall, a franchised monopoly and group buying as the modern marketing network system of the main marketing methods and channels, and more than 2000 commercial outlets, forming a strong sales ability.

Focusing on the development of super large self operated stores and window shopping malls, sales of self owned stores and window shopping malls account for 45% and 35% of the total sales.

In order to strengthen planning management, optimize inventory, control costs and reduce invalid inventory, a provincial distribution center was set up in Anhui, Henan, Hunan, Hubei and Hangzhou. At the same time, digital construction was continuously strengthened, market information feedback was accelerated, and supply chain cycle was shortened, so that the company could grasp the logistics, capital flow and information flow of sales outlets in time, and form a computer-assisted market quick reaction mechanism to further enhance the core competitiveness of the company.

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