Affected by the epidemic, the performance of listed apparel companies in the first quarter almost fell across the board. Among the 20 companies counted, the highest revenue decline reached 67.05%, and the highest net profit decline reached 1543.56%. However, one company bucked the trend and achieved double-digit growth in revenue and net profit. It was Youngor, which received subsidies from selling houses.
Under the epidemic, the sales performance of clothing companies has declined sharply
The first quarter of this year was the worst period of the epidemic in the country. The retail industry is basically at a standstill, and sales of clothing companies have also been severely hit. In the first quarter reports of 20 listed companies including leisure, business and sportswear, it can be found that except for Youngor, the performance of the other 19 companies all declined.
Youngor’s first quarter performance report
Among them, the more serious ones are the casual wear sector and business men’s wear. For example, Guirenniao achieved operating revenue of 173 million yuan in the first quarter, a year-on-year decrease of 66.92%, and a net profit loss attributable to shareholders of listed companies of 200 million yuan, a year-on-year decrease of 1543.56%. Chinur men’s clothing, operating income in the first quarter fell by 67.05% year-on-year, and net profit attributable to shareholders of listed companies fell by 1117.25% year-on-year. Metersbonwe’s revenue in the first quarter fell by 46.70% year-on-year, and the net loss attributable to shareholders of the listed company was 219 million yuan, a decrease of 671.67% from the same period last year.
Metersbonwe Quarterly Performance Report
The relative decline of sportswear is relatively low. As Anta disclosed in its latest operating performance in the first quarter, retail sales dropped by 20% to 25% year-on-year; Li Ning point-of-sale (excluding Li Ning YOUNG) retail sales on the entire platform recorded a high of 10%-20% year-on-year. Decline; the retail sales of 361 Degree’s main brand in the first quarter fell by 25%-30% compared with the same period last year.
Selling clothes is not as good as selling houses. Is real estate more resistant to the epidemic?
Looking at the first-quarter performance of the apparel sector, Youngor can be called a little red among all the green.
Its first quarter performance report showed that the group’s operating income was 3.894 billion yuan, a year-on-year increase of 51.07%. Net profit attributable to shareholders of listed companies recorded a year-on-year increase of 37.05% to 1.033 billion yuan.
The company stated that this was entirely due to the growth in revenue from its real estate sector. Data show that the new crown epidemic had a great impact on the sales of Youngor’s brand clothing in February and March, recording year-on-year declines of 52.3% and 29.04% respectively. As the epidemic gradually came under control in China in March, the decline in sales of Youngor brand clothing gradually narrowed.
Ningbo Youngor Haiyan Mansion
However, during the same period, the real estate sector achieved operating income of 2.6 billion yuan, vested The net profit attributable to shareholders of the parent company was 540 million yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 550 million yuan, an increase of 179.84%, 196.94%, and 279.90% respectively compared with the same period last year.
Official information shows that Youngor Real Estate Holdings Co., Ltd. was established in 1992 and is a first-level development qualification enterprise of the Ministry of Housing and Urban-Rural Development of China. It has now formed a business with real estate development as its core, hotel management, Mature industrial chain layout for tourism development, health care and other related industries.
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