Youngor reported net profit of 960 million yuan

July 28, 2020

Youngor reported net profit of 960 million yuan On August 20, Youngor announced the 2013 interim report, which showed that revenue in the first half of the year increased by 47.20% year-on-year, and net profit increased by 8.81% year-on-year, of which real estate development business was a bright spot, achieving an operating revenue of 5.302 billion yuan, an increase of 107.05% year-on-year. .

Net profit increased 8.81% year-on-year

According to the report, Youngor achieved operating income of approximately 7.989 billion yuan during the reporting period, an increase of 47.20% year-on-year; net profit of approximately 960 million yuan, a year-on-year increase of 8.81%.

"Daily Economic News" reporter found that the current Younger's business strategy presents brand apparel, real estate development, investment "troika" in parallel. In terms of branded apparel, the retail sales of 100 key large-scale retail enterprises in the first half of the year increased by 4.30% year-on-year, and the growth rate continued to decline. Although the company’s operating income increased by 3.97% year-on-year, its net profit decreased by 37.75% year-on-year. It was 328 million yuan.

In terms of real estate development, the company achieved operating income of 5.302 billion yuan in the first half of the year, an increase of 107.05% year-on-year, and a net profit of 554 million yuan, a year-on-year increase of 46.08%. At the same time, during the reporting period, the company added four new land reserves, of which two were cooperative projects and two were wholly-owned projects. The additional equity could be built in an area of ​​432,700 square meters and the total land price was 2.457 billion yuan.

Investment income contributed 456 million yuan

In addition to the above two major businesses, Youngor’s investment in industry and equity has historically been the focus of the market.

During the reporting period, the investment income of the company’s investment segment was 456 million yuan, of which, the decrease in available-for-sale gold production was 245 million yuan, and the net profit was 63.076 million yuan, an increase of 65.3708 million yuan from the same period of last year.

It is worth mentioning that although in terms of external equity investment, the company invested 1.862 billion yuan in the first half of the year, an increase of 91.34% year-on-year, but the company is further downsizing its investment in the secondary market.

According to statistics, by the end of 2012, the book value of listed companies held by Youngor was booked at 8.85 billion yuan, which was reduced to 6.365 billion yuan in this year's interim report. Among them, Shanghai Pudong Development Bank, Bank of Ningbo, and Jin Zhengda ranked the top three positions in the company with book value of 1.374 billion yuan, 1.658 billion yuan, and 1.037 billion yuan respectively.

However, Guangbai Group and Xugong Machinery are still under the “deep set” status due to the fact that the company’s participation in the fixed increase price is lower than the current price for a long period of time.

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