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In The First Half Of, Brand Clothing Business Revenue Increased By 7.12%

2010/9/1 15:06:00 59

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YOUNGOR Brand Clothing Industry

In August 31st,

Youngor

The semi annual report showed that the company realized in the first half of the year.

Net profit

581 million yuan, down 59% compared to the same period.

The semi annual report shows that the fair value change of YOUNGOR's 16 listed companies during the reporting period is -19.77 billion, of which CITIC Securities's fair value change is the largest, reaching -11.18 billion yuan.

This situation also exists in Nanjing high tech, conch cement, Shanghai electric power, Shenzhen energy, China Ocean and many other listed companies, Nanjing high tech holding company listed company share reporting period "shrink" the scale is also as high as 1 billion 856 million yuan.

YOUNGOR said in the semi annual report, the first half of the year

Brand clothing industry

To maintain a certain growth rate, operating revenue grew by 7.12%, total profit grew by 34.27% year-on-year, and gross domestic product sales reached 61.9%.

The main reason for the decline in net profit is attributable to the fluctuation of capital market and the impact of the real estate industry cycle. In the first half of the year, the income gained from the sale of financial assets and the settlement amount of real estate business decreased year by year.

However, as at the end of June, the cost of YOUNGOR's investment in the sale of financial assets was 5 billion 64 million yuan, and its market value was 8 billion 979 million yuan at the end of the term. Even though the market value of shareholding had shrunk, YOUNGOR's investment cost remained almost 4 billion yuan.

YOUNGOR still has a liking for investment business.

In the first half of this year, YOUNGOR took part in the private placement of 2 listed companies, namely, ZOOMLION and ZOOMLION. The company also held 10 PE investments and other investment projects, and accumulated a total investment of 916 million yuan. In the first half of this year, it subscribed for 8 million shares of Zhejiang Xiangyang fishing port Limited by Share Ltd with 4.23 yuan / share.

Yesterday, YOUNGOR also announced that amendments to the terms of the pricing policy related to the financial advisory agreement of Kai Shi Cci Capital Ltd of Shanghai, Kay stone company will provide investment analysis, research reports and other information on the company's equity investment project assets, sale of financial assets and trading financial assets, and put forward opinions and suggestions, and recommend equity investment projects to the company.

It is worth mentioning that in the second quarter, YOUNGOR's stock price dropped more than 30%, but the proportion of institutional investors increased significantly. 63 fund products all favored YOUNGOR. At the end of the first quarter, there were only 2 funds in the top ten shareholders of the company. At the end of the two quarter, the proportion of institutional investors (including general legal persons) in the circulation shares was 38.04%, which was nearly 8 percentage points higher than the end of the quarter.

The peak of institutional shareholding in YOUNGOR's history was at the end of the two quarter of 2009, which accounted for 41.91% of the outstanding shares. However, the performance of the stock market in the third quarter of the year was not brilliant. Whether the large proportion of additional positions in the semi annual report will have a positive impact on YOUNGOR's stock price is worth investors' attention.