Youngor China's first men's brand joking capital market

Youngor is the first brand of men's wear in China. The company also holds shares in leading companies such as CITIC Securities, Ningbo Commercial Bank and real estate. The value-added of legal person shares is also a major highlight of profit in 2006. The diversified allocation of capital structure has a market foresight and great potential for future appreciation. Earnings per share reached 0.29 yuan in the first three quarters of 2006, and net profit increased by 49% year-on-year. The corporate value will face a new review of the market.

Popular brand advantages, Ming Zhen Yu

Youngor's leading products Youngor shirts and suits occupy the domestic market share for 11 consecutive years and six years ranked first in the country! After many years of cultivation and development, the core business of the company's textile and garment industry has become increasingly prominent in the industry, the industrial chain has become more complete, the market competitiveness has become more prominent, branding, sales channel integration and the expansion of the international market to make its clothing industry grow into growth again. track. In recent years, the company has gradually established a complete industrial chain from raw cotton to downstream sales terminals on the basis of the original clothing. Cooperation with Xinjiang cotton-producing areas and world-class fabric companies and cooperation with downstream retailers have laid a good foundation for the company to open up the upstream and downstream industrial chains. The company's apparel business has entered a new period of development, domestic sales through a large amount of investment and integration in the previous period, marginal benefits gradually increase, and export orders are full. More importantly, the high added value brought by branding began to manifest itself. On the basis of consolidating the traditional export market, the company has adjusted its traditional foreign trade model, gradually transformed from ODM processing to ODM processing, which is conducive to expanding the space for export profits. With the cooperation with famous clothing brands such as NEXT, CK, and Nike, the company's foreign trade is further strengthened. Business will continue to grow rapidly in the future. It is reported that the company currently exports some Western clothes to ODM. After the company's yarn-dyed fabrics were put into production in the second phase, the export momentum was still strong. From 2006 to 2007, the company had 20 million meters of new plans. After the production, the company's yarn-dyed fabrics sales will grow by more than 50%. With the wool spinning project put into production, the company's textile city project is nearly completed, and the entire textile city wool spinning capacity will gradually reach 5 million meters, and it is expected that it will realize profitability in 2006.

　 Diversified asset allocation, equity securities, real estate

As the third largest shareholder of CITIC Securities, the company holds 183.6656 million shares in restricted-trading shares. Its current market value of CITIC Limited is nearly 3 billion yuan, while Youngor's investment in CITIC has a book balance of only 320 million yuan. That is, the return on investment is as high as nearly 2.7 billion yuan. Younger's net assets at the end of 2005 were only 3.8 billion yuan, and the net profit realized last year was only 560 million yuan.

In this case alone, the gains obtained will be nearly 5 times the net profit for the year 2005. The company also took the windfall of real estate appreciation in 2006. As the largest real estate developer in Ningbo, the real estate business has regional advantages, rich land reserves, and strong professional development capabilities. It is less affected by industry regulation and can be implemented in the next 4-5 years. Maintain stable development. It is expected that there will be a peak of revenue recognition in 2009-2010. In 2005, the company realized a real estate sales income of 1.33 billion yuan and the 200 million yuan pre-sale fund of the Jincheng Land did not receive revenue confirmation. West Lake Garden can be delivered in 2006. The seascape garden section and the Yucheng Golden Land and Xilin Spring can confirm the income. The estimated sales income is about RMB 1.5 billion; 2007 East Lake Xinyuan (currently over 88% pre-sale) and Dongqian The remainder of Lake Villa (pre-sale in the second half of 2006), urban forest, and seascape gardens can confirm income of 1.5 to 2 billion yuan. It is expected that by 2009, the company's annual real estate sales revenue can reach 15-20 billion yuan. At the same time, the company is still a major shareholder of Ningbo Commercial Bank, and its investment efficiency in 2006 will grow by leaps and bounds!

The prospect of revaluation is bright

The upcoming annual report will be staged in early 2007! As a market diversified capital master, the company has demonstrated its skill in the bull market and has made great achievements! Wednesday will be the date when Guangbo, another shareholding company of the company, will be listed. From the perspective of the recent issuance of new stocks, the listing of the new company will inevitably contribute more power to the increase of market value. The value of the company will be revalued by the market and it is expected to be rapid. Improve! And stock prices within 10 yuan will also have greater room for growth!