Younger Nets Makes 983 Million Dollars in the First Half of 2009

"Yang Huan prepared a large amount of cash for the winter" Younger, and failed to use the funds to deal with the financial crisis, but spread to many listed companies, in a total of 4.217 billion yuan investment in one year, has also become the former nine companies Top ten shareholders.

Youngor insider said that this is in line with Younger "clothing, real estate, equity investment" troika go hand in hand strategy, and Youngor will not ignore the development of the main clothing industry, at present, Youngor's apparel sector has been completed, will soon be brand new Face to face.

Youngor's 2009 semi-annual report showed that the apparel segment realized operating revenue of 2.72 billion yuan, operating profit of about 1 billion yuan; real estate operating income of 2.31 billion yuan, operating profit of approximately 750 million yuan; holdings of other listed company equity gains of 983 million yuan, clothing It is still the bulk of revenue and profits.

According to public information, from March 2009 to the time of press release, Youngor participated in the issuance of shares of 8 listed companies such as Suning Appliance (002024.SZ) and Dongfang Electric (600875.SH) in the past year. According to the data, Youngor has become the second largest shareholder of Antai Group (600408.SH) and Royal Silver Group (002177.SZ). Apart from Suning Appliance, Youngor is in Shanghai Pudong Development Bank (600000.SH) and Zhongtian Technology (600522.SH). The list of shareholders of the other five listed companies is also ranked in the top six. Together with the equity investment in the Wuxi Lingfeng Venture Capital Cooperative Fund and the listed Haijiao Group, the total equity investment of Youngor in the past year reached 4.217 billion yuan. about.

An informed source told reporters: “Younger has invested more equity in the recent period. On the one hand, in order to deal with the impact of the international financial crisis, Youngor prepared a lot of cash, but the situation is not as bad as imagined, and the domestic economic situation is gradually For the better, the cash needed by Youngor's apparel sector and real estate sector can be solved within the group, and this cash is not worthwhile to put on the account.In addition, Youngor's original equity investment is relatively concentrated, only invested in several companies, the risk is more concentrated, The reason why the target of expanding equity investment can diversify risk is that, since last year, the stock prices of some high-quality companies have returned to a more reasonable level and have good investment value."

In fact, Youngor’s chairman, Li Rucheng, has spent a lot of time in the apparel sector in the past year. For a long period of time, Younger's costumes were positioned slightly. To complement this “short board”, Li Rucheng presided over the repositioning of Younger's costumes into three major categories, namely Youngor Mayor, for high-end customers such as civil servants; Youngor's CEO, mainly business people, which is the original Younger consumer; Youngor GY, for the lively, passionate young people of fashion, this series of products in Suzhou and other second-tier cities have opened stores.

According to relevant sources, in addition to updating the product layout, Youngor is also integrating all of its apparel assets. Originally, Youngor’s production and marketing system was not fully integrated. In 2009, Youngor integrated more than 40 apparel-related subsidiaries into a holding company, Youngor Garment Holdings Co., Ltd., and Li Rucheng hopes that the apparel sector can move from a production and marketing company. Brand-type clothing enterprises change.

In July of last year, Youngor announced that it would strengthen the effect of channel integration and bring into play the leading role of the industry chain synergy. The registered capital of Youngor Fashion Holdings Limited will increase from 200 million yuan to 1.6 billion yuan. After the completion of the capital increase, Youngor Garment Holdings Co., Ltd. will take Youngor’s direct or indirect ownership of the clothing marketing segment and the entire production unit’s equity.

People familiar with the situation stated that in addition to the New Younger series of apparel products, Youngor also introduced the US Hartmarx brand, and will continue to promote the promotion of aramid home textiles, apparel and other products this year. All five series of apparel products may be It was made public in March this year.