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Online And Offline Speed Up, YOUNGOR Textile And Garment Sector Revenue Of 6 Billion 341 Million Yuan In 2019

2020/5/6 14:45:00 0

Recently, the vice president of China clothing association and YOUNGOR group Limited by Share Ltd released the 2019 annual performance report and the first quarter performance report for 2020.

During the reporting period, the three major industries of Limited by Share Ltd group, YOUNGOR, realized a total operating income of 12 billion 420 million yuan, up 28.91% from the same period last year, successfully completed the expected target at the beginning of the year, and realized a net profit of 3 billion 972 million yuan attributable to shareholders of listed companies, an increase of 8.04% over the same period last year. The net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 359. 1 million 218 thousand and 200 yuan, an increase of 15.88% over the same period last year.

Among them, the textile and garment sector completed a revenue of 6 billion 341 million yuan, and realized net profit attributable to shareholders of listed companies 1 billion 26 million yuan, representing an increase of 12.37% and 23.74% over the same period last year.

Li Hanqiong, general manager of YOUNGOR, said that since 2016, YOUNGOR has embarked on the principle of "closing small stores and opening large stores" to optimize and adjust channels. In 2019, YOUNGOR introduced a variety of new retail tools around the new retail strategy of "online and offline integration", strengthened the training of special business, and established a private area operation position with the first line shopping guide as its core.

With regard to the layout of online store, YOUNGOR will strive to complete the strategic goal of opening up a large store of over 10 million annual sales, and give full play to the functions of VIP service center, O2O experience center and fashion culture communication center, so as to realize the new retail business scenario of "online promotion, offline experience, online sales and offline service".

In order to speed up the integration and sharing of resources on line and line, YOUNGOR signed a data cooperation agreement with Ali in 2019, and is currently in the stage of business research and on-line.

In addition, YOUNGOR's first quarter performance report released on the same day showed that in 1-3 months, YOUNGOR completed its operating income of 3 billion 894 million yuan, and realized a net profit of 1 billion 33 million yuan attributable to shareholders of the parent company, representing an increase of 51.07% and 37.05% respectively over the same period last year.

Affected by the epidemic, the textile and garment sector fell significantly in the first quarter. The actual operating income was 1 billion 284 million yuan, and the net profit attributable to shareholders of the parent company was 137 million yuan, representing a decrease of 21.92% and 55.28% compared with the same period last year.

From the single month data of brand clothing, the actual business hours in January were shortened compared with the same period last year, but still increased by 21.91% over the same period last year. In February, the epidemic was serious, shutting down thousands of stores, and the offline revenue fell to zero one month, and the revenue dropped by 52.34% compared with the same period last month. With the resumption of resumption of work, the revenue of March decreased by 29.04% compared with that of February, and the decline was narrowed by 23.30 percentage points compared with February. 。

Under the strategy of speeding up the channel adjustment, as of the end of the first quarter, the number of stores under the YOUNGOR line was 2477.