Youngor Operating Revenue Up 28.91% In 2019

Chinese clothing brand Youngor recently published its annual financial report for 2019, stating that the company achieved operating revenue of CNY12.421 billion in 2019, a year-on-year increase of 28.91%; and its net profit attributable to shareholders of listed company was CNY3.972 billion, a year-on-year increase of 8.04%.

Youngor pointed out that its textile and apparel business realized operating revenue of CNY6.341 billion, a year-on-year increase of 12.37%; and its net profit was CNY1.027 billion, a year-on-year increase of 23.74%. The company's real estate business realized operating revenue of CNY6.080 billion, a year-on-year increase of 52.32%; and its net profit was CNY1.469 billion, a year-on-year increase of 40.05%.

At the same time, Youngor published its report for the first quarter of 2020. According to the report, the company's operating revenue increased by 51.07% year-on-year to CNY3.895 billion in the first quarter of 2020; and its net profit increased by 37.05% year-on-year to CNY1.033 billion.

During the reporting period, Youngor's textile and apparel business realized operating revenue of CNY1.285 billion, a year-on-year decrease of 21.92%; and its net profit was CNY138 million, a year-on-year decrease of 55.28%. Meanwhile, its real estate business realized operating revenue of CNY2.609 billion, a year-on-year increase of 179.84%; and its net profit was CNY544 million, a year-on-year increase of 196.94%.