The Youngor Group was founded in 1979. Over almost three decades, the Group established businesses in sectors including property development and equity investment, in addition to its core business of branded garment manufacturing and marketing. The Youngor Group is now a major multinational corporation, employing over 50,000 people. Youngor Group Company Limited – a member company of the Group – was listed on the Shanghai Stock Exchange in 1998.
The Youngor Group achieved sales of RMB21.4 billion, including USD770 million from export, making a total profit of RMB2.39 billion, and contributing over RMB1.48 billion to China’s tax revenue.
For its outstanding performance and demonstrated potentials, the Youngor Group was named one of the “Top 100 Chinese Companies 2008”. The National Bureau of Statistics puts the Group in the 134th place in the Top 500 in China’s manufacturing industry . A conscientious corporate citizen, the Group has been included in the Forbes Philanthropy List a number of times, has won the China Philanthropy Outstanding Contribution Award, and was listed in the Hurun Corporate Social Responsibility Ranking in two consecutive years.
Branded Garments
Garment manufacturing and marketing is the core business of the Youngor Group. Starting with a simple manufacturing operation in 1979, the Group has developed a vertically integrated business in textile and garment manufacturing driven by the marketing and sales of branded fashion.
The Youngor Group operates a network of over 100 branch offices and over 400 company-owned stores, with a total of more than 2,000 outlets across China. With a focus on business and smart casual fashion, the Group has built a brand image embodying maturity, understated confidence and quality lifestyle. Its product line includes shirts, suits, trousers, casual jackets, ties and T-shirts, all officially recognized as leading national brands. Youngor shirts were the first in China to be exempted from export quality inspection. The Group had enjoyed the biggest share of China’s shirt market for fourteen consecutive years, and that of the suit market for nine consecutive years.
For eight consecutive years, Youngor’s fashion business achieved the highest revenue and profit among the Chinese garment industry. Youngor has been voted one of the Most Popular Brands. The Group has won the Public Award, Achievement Award and Marketing Award by the China National Garment Association. It has been named one of the Top Ten Innovative Brands in Zhejiang Province and a Benchmark Brand by the China Brand Research Institute.
In 2004, the Youngor Group started to extend its garment business into upstream sectors such as cotton growing and textile. In 2008, the Group purchased Smart Shirt from the American company Kellwood, further enhancing its capabilities in design and management. Through this purchase, it also acquired an US-wide distribution network, making it one of the biggest integrated textile and garment businesses in the world. With the synergy between upstream and downstream innovation, Youngor is well-positioned to become even more competitive in an international market.
Property Development
Youngor formed a subsidiary in property development in 1992. In cities including Ningbo and Suzhou, it has developed large-scale projects such as East Lake Garden, East Lake Fragrant Garden, Urban Forest, Suzhou Future Town, Ocean View Garden and Beverly on Qian Lake. To date, it has developed projects with a total floor area of three million square meters, while winning wide consumer recognition and market success.
Youngor Real Estate has grown from an industry leader in Ningbo to a strong player in the Yangtze Delta region, with projects in the cities of Ningbo, Suzhou, Hangzhou, Shaoxing, Taizhou and others. By consolidating and strengthening its real estate business, Youngor aims to become a nationally-recognized property developer. It will focus its efforts on creating stylish, friendly and harmonious living environments for the community.
Equity Investment
In 1993, the Youngor Group started making equity investments in companies with strong growth potentials. The Group later also entered financial sectors such as securities and banking, investing in companies including Guangbo Group, Yak Technology, CITIC Securities and Bank of Ningbo, which brought good returns.
In 2008, a specialized assets management institution Vstone Investment Management Company was established. The company is principally engaged in investment management and investment consultancy.
The Youngor Group also branched into sectors such as hospitality, tourism and international trade. China-Base Ningbo Foreign Trade Company Limited, a subsidiary of the Group, is one of the biggest import-export companies in the Province of Zhejiang. Youngor Central Hotel and Youngor Business Hotel have become leading 4-star hotels in Suzhou. The Group also developed tourism projects including the Youngor Zoo and the Youngor Fairy Mountain Tourism Zone.
Web: http://www.youngor.com/
Telephone: 0574-88265571 88251615
Fax: 0574-88262486
Email: info@youngor.com
Zip Code: 315153
Address: No.2 Yinxian Road (West), Ningbo