Youngor invested 120 million yuan in China Hualu

December 31, has been a real estate and financial investment in the apparel enterprises of Youngor (600177. SH) issued a notice that it is proposed to spend 120 million yuan to 13.22 yuan/share of the price of the subscription Hua Lu Hengxhen (600426.　　SH) is 9.1 million shares in private offering, accounting for 1.43% of the total equity after its non-public offering. This is the following company announced December 17 150 million Yuan shares Lingyun shares (600480.SH), 90 million yuan equity participation in gold Seed wine (600199.　　SH) and 1.2 billion yuan shares in Shanghai Auto (600104.SH) after another equity investment.　　The company Hualu is located in Shandong Province Dezhou, listed in June 2002, the main business for chemical fertilizers, chemicals, gas.　　The announcement shows that Hua Lu rose 2010 years ago three quarter, net assets 2.86 billion yuan, 1-9 months operating income 3.36 billion yuan, net profit 146 million yuan. In addition to the subscription of the above-mentioned company shares, in 2010, Youngor subscribed to the other 7 listed companies Non-public offering shares are: suning electric 688 million yuan, zoomlion 561 million yuan, East power transmission 89.6 million yuan, Futian automobile 252.84 million yuan, Xugong machinery 1,198,650,000 yuan,　　Ningbo bank 807.225 million yuan and Air China 579 million yuan.　　Because of the low gross profit margin of textile and apparel industry, Youngor has been turning to investment in real estate and financial equity for many years. According to the 2009 annual report, in the company's profit composition, equity investment income accounted for nearly 50%, real estate accounted for about 37%, textile and apparel accounted for about 13%.　　At present, the textile clothing, the real estate development and the financial investment already became the Youngor three main main industries. According to the third Quarterly, 2010 1-September, Youngor achieved net profit of 837 million yuan, down 52% year-on-year.