Good news to buy birds, rental shop investment is to channel the rapid expansion of the new 178 stores in the 30% self-employed, 70% to join .2008, Youngor Yarn-dyed cloth with an annual output of about 50 million meters. In 2009, Youngor has added a new yarn-dyed fabric factory in Shaoxing with a total investment of 400 million yuan. It is estimated that the new production capacity will reach 15 million -17 million meters. From a scale, Younger's yarn-dyed cloth production capacity second only to the benefits and Luthai, ranked third. Although the expansion of production capacity, but the sales price but due to industry factors and supply decline, 2008 Younger textile business revenue 2.031 billion yuan, net profit of 123 million yuan, in 2009 net profit may decline year on year. The first half of 2009, Youngor domestic apparel sales revenue growth remained at 15% level, profit margins stable. Currently 1,800 channels, 80% self-employed, of which 800 department stores counters, accounting for 37% of revenue, 400 self-owned stores, accounting for 37% of revenue, the rest for the franchise and buy. Younger channels for the future expansion of quality improvement, rather than the number of growth. And will be the capital city, central city concentration. It can be seen that Youngor's expansion strategy is different from that of Metersbonwe and Septwolves. This is partly due to Youngor's development has passed the high-speed expansion phase of the expansion, on the other hand, with Youngor's product positioning, after all, the suit and public leisure audience differences. Youngor marched into the real estate industry in 1992 and is currently the largest developer of real estate in Ningbo. At the same time, it projects projects in the Yangtze River Delta including Hangzhou, Suzhou and Shaoxing. Younger real estate revenue in 2008 was 3.559 billion yuan, gross profit of 47%. In 2009, the real estate industry picked up the sales of listed companies to maintain strong sales, 1-2 million yuan pre-sale in January-May. Location, Youngor will continue to uphold the quality development strategy, maintain high profitability. At the regional level, Youngor temporarily considered only regional property developers and did not consider expanding to the whole country. The main reason is that the cost of management increased when real estate development expanded to other places. Youngor involved in the field of financial investment in 1993, with the growing asset size, Youngor in 2008 commissioned the financial investment business in the group under the Kai Shi investment management. Youngor currently three businesses are operating independently, after the spin-off may develop better. Listed companies are also actively exploring, but the securities market has not yet been a precedent for the spin-off of listed companies, the implementation of the process takes time. In addition, due to the limited resources of domestic commercial channels, the current commercial channels have made profits too high. With the increase of supply, there will be excess of channel resources in the next 3-5 years. For the moment, high-quality manufacturing companies are already qualified to negotiate with commercial channel enterprises. Good News Bird intends to publicly issue no more than 65 million A shares, the hi-bird chain marketing network structure to upgrade. Adopt direct sales, associates and join the way, the establishment of the image center shop 18, 80 sales center stores and 80 fashion stores, the new store area of ​​46400m2. Upon completion of the project, the good news bird will add about 570 million yuan in revenue, net profit of 120 million yuan. Buy shop, rental shop investment is to channel rapid expansion, good news bird own shop also drive franchisee shop, adding 178 stores in 30% for self-employed, 70% to join. In the short term, the issuance of new shares will be diluted earnings per share of birds, medium and long term quite optimistic, and short-term through the active development of existing businesses to reduce the dilution effect. The good news is that the original bird expansion goal of the store is about 8% -9%, raise funds 178 stores, opened within 2 years, a total of 15% of the shop speed. The newly opened shop has a maturity of 3 years, with an efficiency of 60% in the first year, 80% in the second year and 100% in the third year. The good news bird IPO, spent a total of 300 million yuan to buy shops, a total of more than 20, in May 2009 to a total of about 700 stores. In the first-line market, good news to the image of the main store, the second-tier market is to enhance the sales performance. The current good news bird retail price and the cost price ratio of 5-6, the wholesale discount of 4.5 fold. In terms of production, SAINT ANGELO and S.ANGELO are basically self-produced suits, with an annual output of 300,000 sets; a small part of casual suits are self-produced, most are outsourced, shirts And other leisure products all outsourcing. BONO brand, suits and shirts basically all production for the annual capacity of 500,000 sets of suits, shirts 400,000. In the first half of 2009, the number of business orders for the purchase of Bao birds was basically the same as that of the same period of 2008, but the impact of overseas demand was a slight decline year-on-year. Taken together, the first half of 2009 is expected to achieve a profit of about 10,000,000 birds, the annual profit is expected to maintain the level of 30 million yuan in 2008. In 2009, the good news was that the worker's expenses did not increase, sales continued to grow, and procurement costs dropped drastically. The procurement costs for apparel raw materials for fall and winter dropped 10%, while the purchase costs for spring and summer also declined slightly, dragging down overall manufacturing costs. In addition, the good news bird is very promising to obtain the title of high-tech enterprises in Zhejiang Province, thereby reducing the income tax costs, and logistics centers can also get the government 1 million -200 million subsidy. Similarly, if the situation of inflation appears in the whole country in the second half of 2009, the retail price of Good News Bird will also be correspondingly raised
