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YOUNGOR 2 Billion 400 Million Hangzhou Real Estate Net Profit For Clothing 64 Times

2010/12/2 9:49:00 41

YOUNGOR Clothing

Hangzhou recently welcomed another land sale meeting.

Among them, three homestead two are located in the popular Shenhua plate, one located in the rural plate.

Youngor

(600177.SH) to carry out the "no business" and launch a fierce fight again to take the two plots in Shenhua District of Hangzhou, with a total price of 2 billion 421 million yuan and a record of refreshing.

Reporters observed that in recent land sales, YOUNGOR was very active at the scene, and its enthusiasm did not weaken because of the suppression of macroeconomic policies.


Since the establishment of YOUNGOR in 1979, the main garment and textile industry has been growing, but the surge of real estate business and equity investment has made YOUNGOR's textile and garment industry relatively "dim".


In 2009, YOUNGOR exceeded 10 billion yuan in its main business income, 6 billion 900 million yuan from textile and clothing, 5 billion 200 million yuan from real estate, specific to net profit.

Real estate

The net profit from equity investment business is as high as 2 billion 800 million yuan.

Textile and garment business

Net profit is 6.4 times that of 440 million yuan.


Review:


Zhejiang stock technology (002036.SZ) one paper stock change announcement attracted the market attention, the second largest shareholder of YOUNGOR (600177.SH) assignee, Ningbo Yinzhou Xinhua Investment Co., Ltd. (hereinafter referred to as Xinhua investment) held 34 million 390 thousand shares, Jin Shen's largest shareholder.


Affected by this news, the company's stock price once rushed to the trading limit in early trading, closing at 13.86 yuan / share closed up 6.45%.

YOUNGOR's share price remained relatively calm, closing at 11.98 yuan / share, up only 0.59%.

Analysts pointed out that YOUNGOR had intended to integrate the technology of Yi Ke since 2007, and the market has long expected that the largest shareholder of the company will have no obvious influence on YOUNGOR's share price.


Youngor


Discounts for 17% shares


Yesterday, yi Ke Technology and YOUNGOR announced at the same time that yeco technology received a notice from Ningbo's Yinzhou Xinhua Investment Co., Ltd. and the second largest shareholder YOUNGOR in November 18th. Xinhua investment and YOUNGOR signed the agreement on equity pfer in November 18th. Xinhua investment pferred the 34 million 390 thousand shares of yeco technology shares to YOUNGOR, which accounted for 17% of the total share capital of the company and the total pfer price was 363 million yuan.

After the pfer, YOUNGOR became the largest shareholder of yeco technology, holding a direct shareholding of 27.27%, an indirect shareholding of 2.57%, and a direct shareholding and indirect shareholding ratio of 29.84%.


According to the announcement information, YOUNGOR's pferable company's stock price is 10.56 yuan / share, which is discounted compared with the current stock price of the company.


Although the pfer of shares on the surface does not involve changes in the actual controller, analysts pointed out that this may be Li Rucheng's readjustment and layout of its clothing and textile assets.

Because after the re integration of the assets, the main garment accessories and hemp business will become YOUNGOR's next level company, which will have a more positive impact on further improving YOUNGOR's clothing and textile business chain.


According to the three quarterly report released by the company before the acquisition, the company's total profit in the first three quarters reached 14 million 226 thousand and 400 yuan, exceeding the total profit in 2009 for 10 million 756 thousand and 600 yuan, and the net profit reached 6 million 592 thousand and 900 yuan, which is close to the total net profit in 2009.

Analysts pointed out that as early as 2007, YOUNGOR had acquired the idea, but later it stopped buying because of tax issues and purchase price.

Now YOUNGOR has chosen to restructure in the wake of the company's rebound in performance, not only for its moderate price but also for its performance.

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