Youngone Corporation
Founder : Kihak Sung
Executive Summery
Youngone corporation produces tone of textiles and clothing founded in 1974, they make outdoor , shoes , bags tech fabrics and software They have big factories in Bangladesh , India, Ethiopia, and Uzbekistan too. Because of this, they give top fashion brands quality goods and cool ideas constantly.
Company Overview
Youngone corporation, started by kihak sung in 1974, initially makes clothes Over time thwy have grown immensely . Now they produce apperal to shoes hi – tech outdoor gear, and fabrics. They began expanding beyond clothing into other product line and eventually opened up factories around words to enhance their supply capabilities. In addition to manufacturing for major brands, they strive to operate sustainability.
Industry Overview
Outdoor clothing business is booming, one of the good seller Vietnam, India, Ethiopia, and Uzbekistan. Their gear uses excellent , eco -friendly waterproof material too. This lets them easily meet tough global standards They also manage early part of process from design to last quality cheque keeping everything smooth from start to end.
Financial Performance
Particulars | FY2024 KRW Billion | FY2025 KRW Billion |
|---|---|---|
Net Sales | 3,517.8 | 4063.6 |
Cost Of Sale | 2621.5 | 2946.1 |
Gross Profit | 896.3 | 1,117.5 |
Selling And Administrative Expenses | 580.8 | 603.0 |
Operating Profit | 315.6 | 514.5 |
Non Operating Income | 92.6 | 65.3 |
Profit Before Tax | 408.2 | 579.7 |
Income Tax | 113.6 | 153.5 |
Net Profit | 294.5 | 426.3 |
Graph
Chart
Key Financial Ratio
Ratio | FY2024 | FY2025 |
|---|---|---|
Gross Profit Margin | 25.48% | 27.50% |
Operating Profit Margin | 8.97% | 12.66% |
Net Profit Margin | 8.37% | 10.49% |
SG&A Expense Ratio | 16.51% | 14.84% |
Pre-Tax Profit Margin | 11.60% | 14.27% |
Effective Tax Rate | 27.83% | 26.48% |
Revenue Growth Rate | – | 15.52% |
Net Profit Growth Rate | – | 44.75% |
SWOT Analysis
Strength
The Company rocks a strong global manufacturing presence long term relationship with lending outdoor and sportwear brands Also they are known for technical appearance technical appearance
Weakness
They demand lot on global customer risking big from changes in labor and raw material costs. Managing large-scale ops is tough too, adding to the complexity. Plus, they're heavily reliant on exports, leaving them exposed to changes in international demand.
Opportunity
Eco friendly and sustainable product are getting more popular. Manufactures are using more advance technology and automation
Threat
Big global competitor and political issues. Manufacturing areas struggle with climbing error cost and supply chain error.
Conclusion
Youngone Corporation started in 1974 as a tiny garment experts and become a big name in textile industry. They kept their tech up-date , focused on quality and formed strong bond with lending global brands. Despit rough patches and serious competition Youngone preserved to their solid based and dedication to sustainability.
References
- Youngone Corporation Annual Report 2024-25
- Youngone Corporation Official Website