YOUNGOR Released 2018 Annual Performance Bulletin Net Profit Or Up 1134.72%

In January 30th, YOUNGOR group Limited by Share Ltd (600177.SH, hereinafter referred to as YOUNGOR) released the 2018 annual performance announcement.

According to the announcement, YOUNGOR expects to achieve a net profit of 3 billion 664 million yuan attributable to shareholders of Listed Companies in 2018, which will increase by about 3 billion 367 million yuan compared with the same period last year, an increase of about 1134.72% compared with the same period last year. The net profit after deducting non recurring gains and losses attributable to shareholders of listed companies will increase by about 3 billion 881 million yuan compared with the same period last year.

YOUNGOR said there were three main reasons for this increase:

First, the base of last year was relatively small. In 2017, the net profit of the Company attributable to shareholders of listed companies was only 297 million yuan due to the provision of 3 billion 308 million yuan for the impairment of the assets of CITIC shares, and the base was relatively small.

Second, the main business is growing steadily. The company expects to have a revenue of about 9 billion 296 million yuan in 2018, a decrease of about 5.52% compared with the same period last year.

Third, the investment income of investment business is about 3 billion 285 million yuan, an increase of about 7.81% over the same period last year. Net profit attributable to shareholders of listed companies is about 1 billion 837 million yuan, representing an increase of about 35.26 billion over the same period last year.