Youngor brand clothing recovery growth clothing net profit rises hi

Recently, Youngor Group Co., Ltd. (hereinafter referred to as “Youngor”) announced its 2017 semi-annual report. After the clothing industry leader Youngor Group Co., Ltd. gradually faded out of the real estate circle, it announced the establishment of a real estate company plus Shanghai and Suzhou real estate business.

According to the announcement issued by Youngor, it intends to invest 1 billion yuan with the wholly-owned subsidiary Youngor Real Estate Holdings Co., Ltd. (hereinafter referred to as “Home Holdings”), respectively, to subscribe for 50% of the registered capital, and jointly set up Shanghai Youngor Real Estate Development Co., Ltd. Youngor said that the establishment of Shanghai Youngor Real Estate Development Co., Ltd. aims to integrate and optimize the resources of the original Suzhou and Shanghai regions, and to search for quality projects and plots through mergers and acquisitions, and to foster new profit growth points.

During the period, the company achieved revenue of 5.399 billion yuan. Due to cyclical factors, the number of property transfer projects decreased by 37.70% compared with the same period of last year. The net profit attributable to shareholders of listed companies was 2.047 billion yuan, down 33.33% year-on-year. Among them, the apparel sector achieved operating income of 2.45 billion yuan, an increase of 10.67% over the same period of the previous year; net profit was 446 million yuan, an increase of 12.96%.

During the period, Youngor brand clothing resumed growth, the main brand Youngor achieved revenue of 2.044 billion yuan, an increase of 8.85% over the same period of last year; sub-brands MAYOR, Hart Schaffner Marx and other total operating income of 351 million yuan, sales accounted for the same period last year Increase by 3.74 percentage points to 14.66%. It is worth noting that, driven by the explosive growth of MAYOR of 284.97%, the growth rate has increased by 43.88 percentage points to 52.54%.

At the same time, the performance of the big store marketing carried out by Youngor began to show. During the period, Youngor promoted the channel strategy of “opening large stores, expanding halls, closing small stores and excellent structures”; as of the end of the reporting period, there were 2,469 marketing outlets, a decrease of 85 from the beginning of the year; the business area was 390,234 square meters, an increase from the beginning of the year. 8690 square meters, and the sales per household of each channel have increased to varying degrees.

Among them, there were 572 self-operated outlets, 17 fewer than the beginning of the year; the business area was 169,087 square meters, an increase of 4,522 square meters compared with the beginning of the year; and 24 new stores were opened. The average business area of ​​newly opened stores increased from 299 square meters in the previous year. The 382 square meters during the period; the average store sales revenue increased by 10.59% over the same period of the previous year.

In terms of channels, it gradually moved closer to the shopping center. During the period, there were 118 shopping mall outlets, an increase of 15 from the beginning of the year; newly opened stores continued the site selection criteria of more than 200 square meters, the store sales revenue increased by 11.90% compared with the same period of the previous year; the shopping mall outlets decreased by 54 compared with the beginning of the year. It is 1,450 homes.

In addition, Youngor brand clothing implemented commodity planning during the period, strengthening the development of core fabrics and new products, in order to sell and effectively reduce inventory. As of the end of the reporting period, the book value of the inventory of Youngor branded clothing was 1.186 billion yuan, a decrease of 238 million yuan from the beginning of the year, and the inventory decontamination rate reached 16.72%.

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