RMB Devaluation Boosts Textile Sector Strength

It is understood that the "12th Five-Year plan" of the textile industry Ministry of industry and information technology After the audit is finished, the machine will be announced. Plus recently RMB Continued weakening will help stabilize the textile and garment industry.

China's textile industry clothing Small and medium-sized enterprises are the main businesses. In the current situation of small and medium enterprises financing difficulties, the continuous depreciation of the RMB will alleviate their operating costs to a certain extent. Overall, on the one hand, with the promotion of urbanization and upgrading of consumption, the textile industry enjoys higher growth; on the other hand, the industry as a whole grows savagely, or will face the possibility of shuffling integration. At the same time, textile enterprises are actively adjusting the industrial structure and domestic sales, improving the added value in the value chain, and enhancing the competitiveness of enterprises. Due to the improvement of business management capability and brand operation capability, some excellent companies have formed a good ability to resist risks for short-term market fluctuations. At the same time, their channel management and control capabilities are strong, and the future channel space is broad.

Fourth quarter clothing enterprises enter the busy season, and the gross profit margin of enterprises may still be strong. We continue to look forward to the rapid growth of the industry, less impact on the overall economy, and the continuous improvement of business management and channel management capabilities of some enterprises, bringing about broad room for development in the future. It is suggested that investors should pay close attention to the recent performance of the textile industry and pay close attention to Semir costumes and seven wolves.