Many Garment Enterprises Are Pforming The Hot Industry, And The Garment Industry Is In A Dilemma.

Business pressure increases and performance deteriorates.

The status quo.

Huge inventory pressure has led many garment listed companies to take the initiative of diversification and seek the way out.

Recently, the first batch (600857 shares, quotes, information, main trading) announced that YOUNGOR (600177 shares, market, information, main trading) held the position of controlling people directly, and the clothing enterprises borrowed "double eleven" to eliminate inventory and other news, which reflected the predicament of the textile and garment industry to a certain extent. It is probably the right choice to make the initiative to make changes.

Diversified development of YOUNGOR's "three leg run"

Last week, two announcements were made by the big university to get YOUNGOR listed in the stock bar.

According to the announcement, as of the closing of November 5th, YOUNGOR group Limited by Share Ltd and its wholly-owned subsidiary, Ningbo youth Investment Co., Ltd. and YOUNGOR Investment Co., Ltd., had a total holding of the first share (600008 shares, quotes, information and main trading) of the company, which reached 14.59%. In November 6th, YOUNGOR increased its holdings again, and the two subsidiaries held 15.22% stake in the first largest company, and directly controlled the shareholding ratio of 15.69% of Harbin Institute of Technology's top Group Holdings Limited.

Another announcement shows that YOUNGOR also owns more than 5% of the other four listed companies.

Semi annual report shows that YOUNGOR's current business income is mainly composed of three major brands, namely clothing, real estate development and financial investment, while its semi annual report disclosed that there are as many as 30 listed companies holding equity, and the initial investment cost is as high as 7 billion 320 million yuan.

The three quarterly report also shows that the company further adjusts the industrial structure of the textile sector and reduces the scale of operation.

Many garment enterprises pform popular industry

However, it is not fair to say that YOUNGOR is "doing nothing".

After a continuous operation summary, they have embarked on a journey to explore new profit points.

As the first clothing listed company in China, Shanshan stock (600884 shares, market, information, main trading) has already started the diversified development mode of clothing, lithium battery and investment, and in half a year, the operating profit of its lithium battery material business (164 million yuan) has been very close to the business profit of garment business (205 million yuan); moreover, as YOUNGOR as garment enterprise in Ningbo area, Shanshan stock also invested in Ningbo bank, and YOUNGOR was ranked seventh or third in the top ten shareholders of Bank of Ningbo.

Other well-known clothing listed companies are not "safe", such as Erdos (600295 shares, quotes, information, main trading), which are focused on cashmere sweaters, and are turning from the textile industry to the popular business by virtue of their unique geographical location and resource endowments.

Positive changes in listed companies are worth encouraging.

However, looking for new profit points by clothing companies is actually a way to actively explore the road to survival, and should not be more accusations.

Facing the market downturn and industry reshuffle, the clothing and textile industry is now facing the embarrassment of serious decline in overall net profit and sharp increase in inventories. As a listed company, it is not necessarily the best choice for a listed company to stick to one mu three points of its old firm.

In 2009,

It accelerated the sale and development of real estate, and realized net profit of nearly 1 billion 200 million yuan in real estate business, which helped the company's net profit increase by 106.18% over the same period of the previous year, while the net profit of the company's clothing business in that year was only 445 million yuan.

This year, YOUNGOR's annual share price also showed an overall upward trend, rising from 7.26 yuan at the beginning of the year to 14.51 yuan at the end of the year, almost double.

Now, YOUNGOR is just starting a new exploration.