Youngor announced 2008 annual report last year operating income of 10.78 billion yuan, an increase of 53.26%; attributable to shareholders of listed companies net profit of 1.583 billion yuan, down 36.05%. "Because of the current poor land around the lot, the appearance of the building is not good." Youngor Garments Co., Ltd. Chairman Li Rugang told the "Daily Economic News" interview, said that despite the consolidation of the retail chain "staring" plan ran aground, but Younger Still domestic as the main sales market. It is reported that Youngor plans to add 300 stores nationwide in 2009. In the meantime, in order to reduce production costs, Youngor plans to relocate its production base in Ningbo, headquartered in Ningbo, to Anhui. 2.5 billion to create "ball" plan stalled Li Rugang said the "ball" refers to the marketing companies around. Younger headquarters in front of a building area of ​​over 2,400 square meters of marketing company, can create 30 million yuan in sales each year, due to the appearance of the majority of round glass-based building, the industry dubbed the "ball." Earlier, Youngor Lee, chairman of the Group plans to spend 2.5 billion huge sums of money to build a huge marketing network, the industry called the "ball" program. Youngor Group for each marketing branch initial investment budget of 50 million yuan, throughout the country will have to build 50 marketing centers, with a total investment of 2.5 billion yuan. Each company expects sales of 15 million yuan / year, the location of the initial set in the provincial capital cities, cities and other cities with greater population density. Turning to the "ball" project ran aground, Li Rugang said: "Now the main problem we face is that we are not only confronted with fierce competition because of the already saturated central business district in some places, Land-related procedures is difficult to obtain approval.If we choose to build a sales network in urban and rural areas and emerging cities, the surrounding facilities and immature, and indeed the construction of the ball is also there is a certain degree of difficulty. "Informed sources, Younger early last year It has reached preliminary intentions with relevant departments in Chongqing, Suzhou, Hebei Langfang and Shenyang, and obtained certain preferential policies. Industry analysis, before the implementation of the plan will conduct a pre-feasibility study, it is impossible not to consider the local land policy, construction costs, building structure and other issues. It is understood that Younger had set up a special asset management company in order to better implement the "ball" program. Therefore, relevant people think Youngor's plan to run aground may be taken from the perspective of saving money. Relying on the main industry to open up overseas markets Although the apparel industry is considered "to earn a sting of hard money," the stability of the traditional manufacturing industry is reflected in this global crisis. Younger in recent years, investment in the field of clothing is also considered a move back to the main industry. The annual report released by Youngor yesterday shows that the operating income of the textile and garment business reached 7.151 billion yuan, up 53.29% over the same period of the previous year, accounting for about 70% of the Group's total revenue. Investment income yuan, a decrease of 19.32%, mainly due to the reduction of Hai Tong Securities stock loss yuan. In the meantime, the Company made a provision of 1.408 billion yuan for asset impairment losses, mainly due to the sharp drop of share price of Haitong Securities and Golden Horse held by the end of last reporting period. Li Rugang said: "In the financial crisis, Younger is still relatively healthy. In the first quarter of this year, domestic sales and foreign trade even showed good performance with a net sales growth of about 30%." To reduce production costs, Youngor is going to set up headquarters in Ningbo The relocation of the production base to Anhui. "Most of our women workers are from Anhui Province and the price level in Anhui Province is lower than the cost of labor in Zhejiang Province." In addition, the Anhui provincial government has thrown an olive branch and given preferential policies is also one of the important reasons. It is reported that the plan is currently in the project demonstration period. The company also plans to relocate its Sima Group's production base in Sri Lanka and Shenzhen to Chongqing and Ningbo to save nearly $ 2 on each shirt. Last year, the domestic sales of Youngor garments realized 2.171 billion yuan of revenue, an increase of 14.91% over the same period of last year; the revenue from export sales was 3.685 billion yuan, an increase of 241.64% over the same period of last year. Since last year, intense competition in Europe and the United States market, sales of suits greater impact. This year the company will Zhejiang, Shandong, Shanghai and other places have been selling a good place to intensify its efforts as a major sales market. Stranded insider Lee Brothers Investment Way Younger Group Chairman Li Rucheng and Youngor clothing company chairman Li Rugang two division of labor is clear. Li Rucheng is in charge of the strategic direction of the group and the group co-ordination. Li Rugang is responsible for the clothing brand and related work. As a leader in the domestic garment enterprises, Youngor clothing, real estate, equity investments keep pace with the pattern has a lot of people praise. Younger once held the second largest shareholding company in A-share companies and Ningbo's largest real estate developer with a total assets of nearly 40 billion yuan. However, late last year to early this year, Youngor continuous sale of shares of CITIC Securities, a heavy news on the stock market. Youngor is one of the sponsors of CITIC Securities in 1999 invested 320 million yuan, the fourth largest shareholder. From November 2008 onwards, Youngor has sold a total of about 170 million shares of CITIC Securities, a total of nearly 3 billion yuan. In this regard, the securities industry there is argument that Youngor by the real estate industry continued to decline, showing signs of tight cash flow. A Youngor senior said: "Younger cash flow is abundant, reduction of CITIC Securities is not due to funding problems." Youngor has held a dozen Chinese Life Insurance, Bank of Ningbo, Haitong Securities, CITIC Securities and other listed companies with the stock, with 2008 Stock market downturn, Younger's equity investment income began to decline. Li Rucheng said: "The 2008 investment is indeed a mistake, we need to reflect on." Property weakening is also unexpected Youngor. Younger several times to become Ningbo and Hangzhou, "the king," July 2007, Youngor to the floor price of 15,719 yuan / square meter price hit a high price of land auction in Hangzhou in Hangzhou in February 2008, Youngor and the price of 980 million yuan Purchased Ningbo Beijiao Road west of the block, the floor price as high as 13,102 yuan / square meter. It now appears that these plots have been set high. With the shrinking capital market, Younger has revealed the trend of return to the main clothing industry.