YOUNGOR品牌服装

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雅戈尔41.75亿元抛售金融资产 投资业务年赚22亿元占净利97.7%
Chang Jiang Shang Bao· 2025-06-26 23:32
Core Viewpoint - Yongor is strategically divesting financial assets, with significant sales amounting to 4.175 billion yuan, representing 10.13% of the audited net assets as of the end of 2024 [1] Financial Performance - In 2024, Yongor reported total revenue of 14.188 billion yuan, a year-on-year increase of 3.19%, while net profit decreased by 19.41% to 2.767 billion yuan [1] - The company has experienced a decline in net profit for four consecutive years since 2021, with a 15.13% decrease in net profit excluding non-recurring items [1] - Cash recovery from financial investments reached 1.796 billion yuan in 2024, with investment business net profit at 2.209 billion yuan, accounting for approximately 97.7% of total net profit [2] Investment Portfolio - As of the end of 2024, Yongor's financial assets measured at fair value totaled 11.388 billion yuan, with stock investments amounting to 8.829 billion yuan [2] - The company holds shares in various listed companies, including CITIC Limited, CITIC Bank, and others, with cumulative fair value changes for these stocks showing significant losses [2] Business Segments - The fashion segment generated revenue of 6.799 billion yuan in 2024, with a net profit of 431 million yuan, reflecting declines of 6.94% and 43.90%, respectively [3] - The main brand, YOUNGOR, accounted for 90.46% of the fashion segment's revenue, totaling 5.187 billion yuan [3] - In the real estate sector, Yongor reported a pre-sale revenue of 3.331 billion yuan, a decline of 69.03%, while recognized revenue increased by 16.20% to 7.471 billion yuan [3] Recent Trends - In Q1 2025, Yongor's revenue was 2.795 billion yuan, down 15.6% year-on-year, with net profit and net profit excluding non-recurring items decreasing by 13.33% and 12.88%, respectively [3]
雅戈尔利润下滑 多品牌时尚业态成果待考
Zhong Guo Jing Ying Bao· 2025-05-02 21:21
Core Viewpoint - YOUNGOR's net profit decreased by 19.41% in 2024, with a significant decline in the fashion segment, prompting the company to shift focus from real estate to fashion business development [1][4]. Financial Performance - In 2024, YOUNGOR achieved a total revenue of 141.88 billion yuan, a year-on-year increase of 3.19%, while the net profit attributable to shareholders was 27.67 billion yuan, down 19.41% [1]. - The fashion segment generated a revenue of 67.99 billion yuan, with a net profit of 4.31 billion yuan, reflecting declines of 6.94% and 43.90% respectively [1][2]. Fashion Segment Insights - The main brand YOUNGOR accounted for 90.46% of the fashion segment's revenue, totaling 51.87 billion yuan [2]. - The fashion industry faces challenges such as consumer fatigue and rising costs, impacting profitability [2]. - There is a growing demand for diversified business attire, with a shift towards casual and high-quality options [2]. Outdoor and Sportswear Growth - YOUNGOR's joint venture with HELLY HANSEN saw a sales growth of 116%, benefiting from the high demand in the outdoor and sportswear market [3]. - Other sub-brands within the fashion segment reported a combined revenue of 5.47 billion yuan, up 29.91% [3]. Real Estate Business Decline - The real estate segment is experiencing a downturn, with pre-sale revenue dropping by 69.03% to 30.3 billion yuan [4]. - The company plans to focus on reducing investments, clearing inventory, and controlling risks in the real estate sector [4]. Strategic Shift to Fashion - YOUNGOR is increasing investments in the fashion industry, aiming to strengthen its core business and explore brand acquisition opportunities [4]. - The company has entered the luxury children's wear market through the acquisition of the French brand BONPOINT, marking a significant step in its international strategy [5]. Retail and Channel Development - YOUNGOR has expanded its retail presence, with 1,777 self-operated stores and a total retail area of 500,900 square meters [5]. - The company is enhancing its customer experience by upgrading fashion experience centers into business clubs [5]. Synergy with Silver Tai - The acquisition of Silver Tai is seen as a strategic move to complement YOUNGOR's fashion business and enhance its market presence [6]. - The partnership is expected to leverage both companies' strengths in channels and marketing, facilitating further growth in the fashion sector [6].