In The First Half Of The Year, The Investment In Real Estate Fell, While The Revenue Of Clothing Sector Exceeded 3 Billion. Where Does Youngor'S Confidence Come From?

Affected by the development cycle of real estate projects and investment income, Youngor Group Co., Ltd. (hereinafter referred to as "Youngor") recently disclosed the report card of the first half of 2021. During the reporting period, the company realized operating income of 3.851 billion yuan, and the net profit attributable to shareholders of listed companies was 1.641 billion yuan, down 46.48% and 42.94% respectively year-on-year.

As for the reasons for the performance change, Youngor explained that it was mainly due to the cyclical impact of development and construction. There were no centralized delivery projects in the real estate sector of the company in the current period. The operating income decreased by 4.046 billion yuan or 94.50% year-on-year. The net profit attributable to shareholders of listed companies decreased by 968 million yuan or 81.66% year-on-year; Second, during the reporting period, the company's shareholding ratio in Bank of Ningbo decreased by 4.94% year-on-year, and the investment income calculated by equity method decreased accordingly. The net profit attributable to shareholders of listed companies realized by investment business decreased by 544 million yuan, or 41.77%, year-on-year.

The first textile network noted that during the reporting period, Youngor's fashion sector achieved an operating income of 3.507 billion yuan in the first half of the year, and realized a net profit of 651 million yuan belonging to the shareholders of the listed company, with a year-on-year increase of 22.35% and 64.77% respectively. Among them, the operating income of brand clothing was 3.061 billion yuan.

During the reporting period, Youngor accelerated the channel adjustment, accelerated the pace of opening big stores and closing small stores. There were 50 new stores, 128 closed stores and 78 net closed stores. At the end of the reporting period, the company had 2293 outlets of various types, with a business area of 496200 square meters.

During the reporting period, Youngor established Youngor fashion (Shanghai) Technology Co., Ltd. to further strengthen the operation of fashion clothing industry, actively layout the Yangtze River Delta integration, and explore the development path of brand internationalization and talent diversification.

At the same time, Youngor has reached a cooperation agreement with Helly Hanson, a Norwegian brand specializing in high-end outdoor clothing such as navigation and skiing, and has completed the preliminary preparation. It plans to open and operate in domestic high-end shopping centers in the second half of the year, so as to reach new consumer groups and create new growth poles with new brands and new operation modes.

In the first half of 2021, Youngor's brand adjustment is also progressing steadily, among which the main brand Youngor and its sub brands hANP and mayor maintain stable growth; Hartschaffner Marx is in the stage of brand positioning and product series adjustment, and is expected to launch a new brand image in 2022.

During the same period, Youngor has increased the purchase and settlement of outlets with large flow and good location, and accelerated the closure speed of small-scale and poor location stores. As of June 30, 2021, the number of all kinds of outlets was 2293, 78 less than the beginning of the year; The business area is 496200 square meters.

In addition, the first phase of the fashion technology logistics center project jointly constructed by Youngor and EMS has been put into use, which helps the construction of supply chain system with big data, laying a solid foundation for Youngor to deepen the reform of ordering and unified distribution system, reduce invalid inventory and improve inventory structure. Compared with the same period of last year, the inventory amount of Youngor brand clothing decreased by 72.204200 yuan, or 4.60%.

When visiting Youngor Group, a reporter from the first textile network went to Ningbo a month ago and learned that as a leading enterprise in China's textile and garment industry, Youngor has a unique vertical integrated whole industry chain of textile and clothing, including cotton, hemp planting, fiber processing, spinning, fabric weaving, dyeing and finishing, garment processing, brand operation and terminal sales Cultural Youngor, technological Youngor and digital Youngor are steadily moving forward.

In the field of science and technology, the construction of Youngor has already taken substantial steps. In 2018, Youngor integrated the R & D and testing center of the group and the fabric development center, and upgraded the Department to Youngor textile materials research institute, which has a national recognized enterprise technology center, a national post doctoral research workstation, a national CNAs recognized testing laboratory, and a national research center There are four national level scientific and technological innovation platforms, including the Secretariat of the national standardization shirt sub committee, including functional textile fabric development center, clothing finishing technology research center, textile testing center, and science and technology project management center. The textile materials research institute aims to improve the core competitiveness of Youngor textile and garment, based on the collaborative advantages of talents, technology and facilities of the group's textile and garment industry chain, adheres to the concept of "green environmental protection, functional ecology, health and comfort", and takes the application of functional textile materials, the research and development of finishing technology for ready-made clothes and the construction of textile and garment testing and testing platform as its main direction. The goal is to form a complete innovation system integrating the research and development of new materials and fabrics, sample testing, trial production and technical services, and gradually build a domestic leading, world-class, high-performance, multi-functional scientific and technological innovation platform for the research and development of new textile and clothing materials with high added value, It will play a greater role in promoting the upgrading of Youngor textile and garment industry.

Dr. Wang Qingmiao, President of Youngor textile materials research institute, said in an interview that the research institute gave full play to the advantages of Youngor's textile and garment industry chain and focused on promoting the application of natural green fibers of cotton, hemp, wool and silk. Improve the varieties of cotton and hemp natural fibers, improve the quality of raw materials, promote the research on the matrix and surface modification technology of green fiber materials, as well as functional finishing and finishing of garments, and promote the research and development of new functional textile materials. Focus on the research and development of new materials for Youngor's core products DP shirt, DP pants, business travel suit and hemp clothing, and promote the key technology research and industrialization of new materials of Yangrong cotton, hemp fiber and hemp viscose.

At the same time, Youngor textile materials research institute has also continuously strengthened the R & D and industrialization of multi-functional textile and garment materials based on high-performance differential synthetic fiber. To form a close strategic partnership with the first-class raw material suppliers and scientific research institutes in the industry to ensure that Youngor Textile Materials Research Institute continues to maintain the domestic leading and world advanced level in the industry. We should give full play to the different advantages of different textile fiber materials, develop multi-component composite functional new fabrics through blending and interweaving, give full play to the synergistic effect of multiple fibers, improve the fabric feel, style and cost performance of the products, improve the added value of new products, and increase the durability, non ironing, quick drying, thermal storage, anti fouling and self-cleaning, elastic and super soft Research and development of new functional fabrics such as water repellent and wind proof.

Wang Qingmiao stressed that Youngor also further strengthened the deep processing of functional finishing of ready-made clothes, continued to improve the research and development and industrialization of DP non ironing and garment washing new technologies, strengthened the principle of environmental protection, improved post finishing technology, promoted energy-saving and consumption reduction technology, and developed water-free or less water technology by means of modern electronic technology, automation technology and biotechnology, Promote the R & D and large-scale production of ecological textiles and functional apparel, and promote the high-quality development of Youngor textile and clothing plate.

The first textile network learned that at the 2021 annual economic work meeting of Youngor Group held not long ago, Li Hanqiong, vice chairman of Youngor clothing holdings, said that in the first half of this year, the overall growth of Youngor fashion sector was stable, in which the profits of clothing holding and garment manufacturing had a better improvement compared with that in 2019, and in the second half of this year, the profit of clothing holding and garment manufacturing was improved, The fashion sector will focus on increasing investment in the construction of brand matrix and foreign cooperation, accelerate the improvement of functional construction in science and technology, R & D and commodity planning, enhance the operation ability of organic integration of online and offline, build a good talent echelon and structural system, and steadily promote the work around the goals of fashion Youngor, cultural Youngor, technological Youngor and digital Youngor.

As of the first textile network this evening before publishing, Youngor closed at 6.54 yuan / share, up 1.24%, with a market value of 30.3 billion yuan.