Younger boutique men's international brands of higher quality
Brand clothing is Youngor Group's basic industries, after 30 years of development, has formed a brand apparel as the leading textile and garment vertical industry chain. With 2008 acquisition of the core men's business KELLWOOD company - the Xinma Group, Youngor more access to strong design and development capabilities, international operations and distribution network throughout the United States to become the world's largest men's one of the enterprises. Apparel business profitability increased significantly. The overall gross profit margin for the first half of 2011 was 38.3%, an increase of 6.3 percentage points as compared with the same period of last year. The increase was mainly driven by the improvement in gross profit of apparel business. The gross profit margin of garment business in the first half of 2011 was 46.5%, an increase of 9.2% over the same period of previous year. On the one hand, due to the Company's reduction of OEM business and the higher gross profit margin of domestic brands, the proportion of domestic sales increased. In the first half of 2011, the company realized a sales revenue of 1.895 billion yuan for domestic garments, an increase of 26.43% over the same period of previous year, and this part of gross profit margin reached as high as 65%. In 2012, the Youngor manufacturing enterprises, represented by the shirt factory, the suit factory and the sportswear factory, started the on-site management reform based on "5S" and initiated the "Golden Ideas" creative contest, knowledge contest and American competition And other activities, and constantly regulate the management system to promote the implementation of rationalization proposals to optimize the production environment. An on-site management reform led by the enterprise and employees has not only added a bright color to the largest garment production base in China, but also laid a solid foundation for the enhancement of enterprise management and improvement of efficiency.