Youngor Made 1.9 Billion Yuan In The First Half Of The Year Against The Trend

Youngor's semi annual report, which includes textile and clothing, real estate and securities investment, has been published recently. The market environment of these three industries is not good this year, but Youngor's performance is still growing against the trend.

 

According to the semi annual report, the company's net profit in the first half of the year was 1.942 billion yuan, up 49.22% year on year; The net profit after deducting non recurring gains and losses was 795 million yuan, up 66.23% year on year; Earnings per share was 0.8722 yuan, up 49.22% year on year; Earnings per share after deducting non recurring gains and losses was 0.3571 yuan, up 66.25% year on year. Return on equity was 16.24%, up 3.74 percentage points year on year.

 

The semi annual report shows that Youngor's net profit in the first half of the year is still mainly supported by "non recurring profit and loss", accounting for 59% of the net profit. Among the non recurring profit and loss items of the company, other non recurring profit and loss items reached 1.045 billion yuan, including 89054 million yuan of after tax income from the sale of CITIC Securities equity. According to the relevant regulations of the State Administration of Taxation, the income from the transfer of CITIC's equity in 2007 can be evenly included in the taxable income from 2007 to 2011.