YOUNGOR 2 Billion 400 Million Hangzhou

Hangzhou once again welcomed a land sale yesterday. Among them, three homestead two are located in the popular Shenhua plate, one located in the rural plate. Youngor (600177) to carry out the "do nothing" work and launch a fierce fight again to take the two plots in Shenhua District of Hangzhou, with a total price of 2 billion 421 million yuan and refresh the record. Reporters observed that in recent land sales, YOUNGOR was very active at the scene, and its enthusiasm did not weaken because of the suppression of macroeconomic policies.

　　 policy Under constant pressure, why did YOUNGOR take a high price? A representative of the securities business of a real estate listed company in Hangzhou said that YOUNGOR had difficulty in making money for this project. An important reference standard is that the floor price of YOUNGOR is approaching the second-hand housing price in the new sales area and the area. Shenhua plate is currently the highest average price of 24000 yuan per square metre. Second-hand housing Relatively more, Guangyu Xicheng age, Kunlun oak garden, Xun Shang County, Hua Yuanfang full court and so on, the current price is about 21000 yuan / square meter.

Since the establishment of YOUNGOR in 1979, the main garment and textile industry has been growing, but the surge of real estate business and equity investment has made YOUNGOR's textile and garment industry relatively "dim".

In 2009, the main business income of YOUNGOR exceeded 10 billion yuan, 6 billion 900 million yuan came from textile and clothing, 5 billion 200 million yuan from real estate, net profit, real estate and equity investment business net profit as high as 2 billion 800 million yuan, is 6.4 times the net profit of textile and garment business 440 million yuan.