YOUNGOR'S Overall Profit Grew Slightly, And Its Main Business Turned Into A Sideline.

In this year's

In the concussion, 40% enterprises' income is negative, even "the stock god in the listed company".

Almost missed.

YOUNGOR, the industry leader, has been in the real estate and investment industry for many years and is an alternative in the A share market.

However, affected by the economic downturn, from its semi annual report, the overall profit of clothing + real estate + investment has only increased slightly.

YOUNGOR's 2016 semi annual report showed that the company achieved operating income of 8 billion 667 million yuan during the reporting period, down 0.53% from the same period last year, and realized a net profit attributable to the parent company of 3 billion 71 million yuan, an increase of 5.78% over the same period last year.

Among them, the apparel sector achieved 2 billion 214 million yuan in the first half of the year, down 7.2% from the same period last year, with a net profit of 395 million yuan, which shrank by 21.91% compared with the same period last year.

Benefiting from the high price of housing, YOUNGOR's real estate business achieved 6 billion 344 million yuan in the first half of the year, a slight increase of 2.29%, and a net profit of 1 billion 169 million yuan, an increase of 163.34% over the same period last year.

The semi annual report also showed that as of June 30th, the company held 13 stocks, including CITIC shares, Ningbo bank, LIAN electronics, Shanghai Pudong Development Bank and Jin Zhengda, with a total book value of 25 billion 397 million yuan. According to the investment cost of 23 billion 800 million yuan, YOUNGOR's stock float surplus was 1 billion 597 million yuan, of which the Hong Kong stock holding CITIC stock end book value of 14 billion 23 million yuan, compared with the initial investment cost 17 billion 406 million yuan, YOUNGOR investment CITIC shares float 3 billion 384 million yuan.

Li Rucheng, a YOUNGOR boss, said in an interview that YOUNGOR could not accumulate such high net assets in 20 years if it did not invest in clothes.

YOUNGOR went public in November 1998, tried to invest in 1999, and gained about 4 billion 200 million yuan investment income in 2006. It laid the leading role of investment business in the company at one fell swoop.

Li Rucheng really grasped the great opportunity to invest heavily in financial enterprises: invest in CITIC Securities and broad stock in 1999, and invest in Ningbo bank and Bank of communications in 2004.

In particular, investment in CITIC Securities has made YOUNGOR and Li Rucheng in the capital market.

The nature of CITIC Securities held by YOUNGOR in 1999 was the sponsors' stock. A total of 8.06% of the shares were only cost 320 million yuan, and the cost of holding shares was 1.60 yuan / share.

Since CITIC Securities completed its share reform in 2005 and dividends in 2008, YOUNGOR's shareholding cost eventually dropped to 0.87 yuan / share.

After the successful listing of CITIC Securities, the stock price rose sharply, which indirectly led to a sharp increase of 10 times in YOUNGOR's share price.

In 2007, YOUNGOR sold nearly 45 million 70 thousand shares of CITIC Securities and realized an investment income of 1 billion 651 million yuan.

Even so, the total sale of financial assets held by the company during the current period is still up to 4 billion 370 million yuan, which is 27.8% of the net assets of the current period.

It is reported that the average annual book balance of YOUNGOR's equity investment from 1999 to 2006 is 604 million yuan, much higher than that of stock investment of 401 thousand and 900 yuan, and its investment strategy is mainly based on subscription increase and equity investment.

Affected by the bull market in 2007, the company tried to carry out two level market pactions, but its frying yield was only 7.89%. In the same period, the stock index rose by 97%.