Sideline Shrinkage? YOUNGOR'S Sales Of Entrepreneurial Software Are Nearly 50 Million

In the evening of November 15th,

(YOUNGOR) announced that its total amount of disposal of financial assets from September 7, 2018 to November 15th amounted to 1 billion 422 million yuan, accounting for 5.83% of audited net assets at the end of 2017, resulting in an investment income of 65 million 939 thousand and 300 yuan and a net profit of 49 million 454 thousand and 500 yuan (Unaudited), accounting for 16.67% of the audited net profit in 2017.

The announcement shows that YOUNGOR's financial assets included in the sale include its investment company.

The 2 million 615 thousand and 700 part of the software, the paction amount is 52 million 872 thousand and 400 yuan, the investment income 47 million 886 thousand and 800 yuan, produces the net profit 35 million 915 thousand and 100 yuan; moreover, the company rolls the idle investment fund to purchase the structural deposit, during the structured deposit expiration redemption accumulative total amount is 1 billion 369 million yuan, the investment income 18 million 52 thousand and 500 yuan, produces the net profit 13 million 539 thousand and 400 yuan.

In fact, this is not YOUNGOR's first sale of financial assets recently.

Past data showed that during the period from April 13, 2018 to September 6th, the company had sold financial assets such as CITIC shares and Bank of Ningbo convertible bonds, with a paction value of about 228 million yuan.

The reasons for the continuous sale of financial assets,

It has said that this is a prudent and prudent principle based on the authorization of the general meeting of shareholders in 2017. In the end of 2017, the market capitalization and surplus funds of the financial assets should be the initial investment scale to adjust the operation of the financial assets. The cash management of the idle investment funds should be carried out, including but not limited to the purchase of financial products, structured deposit products and fund products, so as to raise the efficiency of fund utilization.

The broker's report also pointed out that since the beginning of 2018, YOUNGOR has repeatedly reduced the size of its financial assets or displayed its adjustment of the industrial matrix, and it is obvious that its intention to return to the main industry is obvious.

The reason for this is that after entering the 2018, the real estate and investment sectors of non main industries have gradually become the "low point" of YOUNGOR's performance.

The total operating income of the plate was about 2 billion 821 million yuan, an increase of 13.03% over the same period last year. The net profit attributable to shareholders of listed companies was 606 million yuan, an increase of 35.73% over the same period last year, and the main kinetic energy for achievement. The real estate sector completed a business income of about 764 million yuan, a 73.70% decrease from the same period last year, and the net profit attributable to shareholders of listed companies was about 130 million yuan, a decrease of 71.44% over the same period last year. The net profit of investment business attributable to shareholders of listed companies was about 752 million yuan, down by 34.26% over the same period last year.