Youngor Men'S Wear Achieved A Significant Increase In Performance In The Third Quarter, And Its Net Profit Increased By 3% Year On Year

Recently, Youngor, a domestic men's wear group, released its new performance report. According to the data, the group achieved significant revenue growth in the third quarter, with revenue up 70% to 2.69 billion yuan, and net profit up 3% year on year to 650 million yuan. Although the overall net profit decreased in the first three quarters of this year, the strong performance in the third quarter undoubtedly injected new impetus into Youngor's future development.

Specifically, in the first three quarters of this year, the overall revenue of Youngor Group achieved a year-on-year growth of 12.7%, reaching 8.4 billion yuan. However, the net profit declined by 6.7% to 2.51 billion yuan. This performance has aroused widespread concern in the market, especially in the context of the decline in net profit, the strong rebound in the third quarter is particularly noticeable.

In terms of sectors, the performance of Youngor fashion sector in the first three quarters was not satisfactory. The revenue decreased by 10.13% year on year to 4.585 billion yuan, and the net profit decreased by 43.53% to 368 million yuan. This data reflects that, despite Youngor's deep accumulation and brand influence in the field of men's wear, the fashion sector still faces greater pressure and challenges in the current market environment.

In sharp contrast to the fashion sector, although there are no new projects in Youngor's real estate sector, the pre-sale income has declined significantly, down 72.13% year-on-year to 2.551 billion yuan. However, it is worth mentioning that although the real estate business did not perform well in the pre-sale income, its centralized delivery in the third quarter brought a significant boost to Youngor's overall income.

According to Youngor Group, the substantial increase in operating income in the third quarter was mainly due to the centralized delivery of some real estate projects of the company. The carrying forward operating income of these projects increased by 1.251 billion yuan over the same period last year, directly promoting the rapid growth of Youngor's overall income. This performance demonstrates Youngor's strength in the real estate field, and also provides a new growth point for its future development.

Youngor has also made great achievements in investment business. In the first three quarters, the group recovered a total of 1.669 billion yuan, which provided adequate cash flow support for Youngor and also provided a strong guarantee for its development in the fashion and real estate sectors.

For Youngor, the strong performance in the third quarter is undoubtedly a positive signal. Although facing certain challenges in the fashion and real estate sectors, the company can still maintain a stable growth of overall income through diversified development strategies.