The Revenue Of Youngor Textile And Garment Sector In 2019 Is 6.341 Billion Yuan

Recently, the vice president unit of China Garment Association and Youngor Group Co., Ltd. released the annual performance report in 2019 and the first quarter performance report in 2020.

During the reporting period, the three major industries of Youngor Group Co., Ltd. achieved a total operating revenue of 12.42 billion yuan, an increase of 28.91% over the same period of last year, and successfully completed the expected target at the beginning of the year; the net profit attributable to shareholders of the listed company was 3.972 billion yuan, an increase of 8.04% over the same period of last year; the net profit attributable to the shareholders of the listed company after deducting non recurring profit and loss was 359, 1218200 yuan, an increase of 15.88% over the same period of last year, showing a good development.

Among them, the textile and clothing sector achieved revenue of 6.341 billion yuan, and realized a net profit of 1.026 billion yuan attributable to shareholders of listed companies, respectively, up 12.37% and 23.74% over the same period of last year.

According to general manager Li hanqian of Youngor, since 2016, Youngor has started to optimize and adjust channels based on the principle of "closing small stores and opening big stores". The company has introduced a variety of new online and offline retail business tools, and strengthened its online and offline retail business training.

In terms of online and offline sales experience, Youngor will try to achieve the goal of "online and offline sales center" and fully realize the "online and offline service center" function of "o2o stores and offline stores".

In order to accelerate the integration and sharing of online and offline resources, Youngor signed a data China Taiwan cooperation agreement with Ali in 2019, which is currently in the stage of business research and online.

In addition, Youngor's performance report for the first quarter of 2020 released on the same day showed that from January to March, Youngor completed 3.894 billion yuan of operating revenue and realized 1.033 billion yuan of net profit attributable to the shareholders of the parent company, up 51.07% and 37.05% respectively over the same period of last year.

Affected by the epidemic, the textile and clothing sector fell significantly in the first quarter. The actual operating revenue was 1.284 billion yuan, and the net profit attributable to the shareholders of the parent company was 137 million yuan, which decreased by 21.92% and 55.28% respectively compared with the same period of last year.

Compared with the same period of last year, the revenue of clothing stores decreased by 30.91% from the same period of last year to 2.34% in the same period of last year. However, the revenue of the clothing stores decreased by 30.91% compared with the same period of last year, but the revenue of the clothing stores decreased by 30.91% compared with the same period of last year.

Under the strategy of accelerating channel adjustment, the number of Youngor offline stores was 2477 by the end of the first quarter report period.