Real Estate Business Income Increase, Youngor'S Net Profit In The First Half Of The Year Was 2.876 Billion Yuan

          On the evening of August 30, Youngor Group Co., Ltd. (hereinafter referred to as Youngor) released the semi annual report for 2020. In the six months up to June 31, 2020, the operating income reached 6.958 billion yuan, an increase of 51.83% over the previous year; the net profit attributable to the shareholders of the listed company realized RMB 2.876 billion, an increase of 41.88% over the same period of last year; the deduction of non recurring losses attributable to the shareholders of the listed company The net profit of the company reached 2.491 billion yuan, an increase of 35.20% over the same period of last year.

As for the reasons for the growth, Youngor said that the current real estate sector projects such as jiulijiangwan, ziyutai, Dayue Yayuan and Suzhou zhijinhuating were carried forward to confirm the delivery.

Among them, fashion clothing achieved 2.629 billion yuan of operating income and 395 million yuan of net profit attributable to shareholders of listed companies, which decreased by 16.72% and 39.03% respectively compared with the same period of last year; the real estate sector completed operating income of 4.329 billion yuan, and realized the net profit of 1.178 billion Yuan belonging to shareholders of listed companies, which increased by 203.57% and 329.56% respectively over the same period of last year; investment business was attributed to listed companies The net profit of shareholders was 1.303 billion yuan, an increase of 17.91% over the same period of last year.

In the first half of 2020, the accumulated operating revenue of Youngor brand clothing was 2.316 billion yuan, and the net profit attributable to shareholders of listed companies was 413 million yuan, which decreased by 16.25% and 37.34% respectively compared with the same period of last year due to the epidemic situation.

In the second quarter, the resumption of work, production, business and market was fully launched. Youngor continued to drive by distribution, live broadcasting and e-commerce, and maintained a high-speed growth of online revenue. Meanwhile, it strengthened the deep integration of "online sales, offline services", "online promotion and offline experience", and actively promoted the stabilization and compensation of offline channels.