YOUNGOR'S Net Profit Rose More Than 31% In The First Three Quarters, And The Garment Business Was Fully Recovered.

Recently, YOUNGOR group Limited by Share Ltd (hereinafter referred to as "YOUNGOR") released the first three quarters of 2019 report, said that the operating income of 6 billion 868 million yuan during the period, an increase of 45.14% over the same period, net profit 3 billion 77 million yuan, an increase of 31.43% over the same period, of which, net profit after deducting non recurring gains and losses soared 55.45% to 2 billion 857 million yuan.

At present, YOUNGOR has many business segments, such as clothing, real estate and financial investment. The fashion apparel sector achieved operating income of 4 billion 235 million 83 thousand and 600 yuan, and the net profit attributable to shareholders of listed companies was 775 million 187 thousand and 100 yuan, representing an increase of 12.41% and 27.89% over the same period last year. The real estate sector achieved 2 billion 634 million 13 thousand and 200 yuan in operating income, and the net profit attributable to shareholders of listed companies was 910 million 103 thousand and 300 yuan, up 173.23% and 182.01% respectively over the same period last year. The net profit of investment business was 1 billion 391 million 661 thousand and 600 yuan, a decrease of 20 million 611 thousand yuan from the same period last year, and a reduction of 1.46%.

The report pointed out that the first three quarters of business revenue increased by 45.14% over the same period last year, mainly due to the completion of the real estate sector during the reporting period, including the completion of Yamin flower garden, Haiyan government and big Yue Ya garden project, with a business income of 2 billion 634 million 13 thousand and 200 yuan, an increase of 173.23% over the same period last year. In the first three quarters, the net profit attributable to shareholders of listed companies increased by 31.43% over the same period last year. The main reason is: the real estate sector achieved a net profit of 910 million 103 thousand and 300 yuan attributable to shareholders of listed companies, an increase of 182.01% over the same period last year. In addition, the net profit from non recurring gains and losses attributable to shareholders of listed companies increased by 55.45% over the same period last year. The main reasons are: (1) the net profit of the current real estate sector to deduct non recurring gains and losses attributable to shareholders of listed companies is 871 million 628 thousand and 600 yuan, an increase of 186.67% over the same period last year; (2) the net profit of the current investment sector to deduct non recurring gains and losses attributable to shareholders of listed companies is 1 billion 312 million 404 thousand and 200 yuan, an increase of 30.51% over the same period last year.

Over the past year, YOUNGOR is upgrading all flagship stores into smart stores, making use of 3D technology, big data and VR/AR technology to make it a carrier of intelligent marketing, while giving full play to the advantages of offline intelligent factories that "follow orders with doing" and open up a new and new retail era.

The report shows that the first three quarters of YOUNGOR fashion clothing firmly promote the "intelligent manufacturing", "smart marketing", "eco technology" three strategies, of which the brand clothing business completed operating income of 3 billion 642 million 400 thousand and 700 yuan, an increase of 6.92% over the same period last year; net profit attributable to the shares of listed companies 777 million 981 thousand and 500 yuan, an increase of 30.91% over the same period last year.