Three Quarterly Report Or The Lowest Value In The Same Period Of Eight Years, The Three Quarterly Report Of The Clothing Industry.

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The semi annual report has also come to a close, but the three quarterly report has been eagerly waiting to emerge.

Since late August, 839 companies in two cities have reported the performance of the first three quarters of this year, accounting for 1/3 of the total number of A shares.

Analysis of the industry, from the disclosure of the situation, the growth rate of A shares is not optimistic, more than half of the company's performance has slipped, the three quarterly report or the lowest value in the same period in 8 years.

5 companies cut by over 1000%

In the 839 companies that have issued notice, the number of pre growth households is only 98, while the number of pre reduction households is as high as 186. The number of pre reduction companies is obviously higher than that of the previous ones, and the situation is not optimistic.

In addition, 154 companies continued to lose and 78 companies suffered the first loss. In other words, more than half of the company's performance declined.

According to past rules, the more mines we have, the more we will get.

Looking back on the three quarterly bulletin in the past few years, this year's performance has become the lowest value in the last 8 years, and has declined further than the China Daily.

From the point of view of deceleration compared with the same period, 5 companies have reduced by more than 1000%, of which 3.80,0.01,0.26%, -0.01, -0.47% and ST are the top three companies (5.89, -0.01, -0.17%).

Weihua shares in August 29th announced that the first three quarters of this year net profit is expected to be -8500 million to -8000 million, the highest decline of 3202.8%.

Shan Shan also said on the same day that 1 to September this year, the loss was 1 billion 350 million yuan, and its performance was 3180.25%.

ST is also the same as Tai Guang. It is expected to drop 2473.42% in the first 9 months.

For the reasons for the sharp decline in performance, listed companies invariably referred to the macroeconomic impact.

As mentioned above, Weihua shares said in the notice that the main reason for the change of performance was mainly due to the domestic and international economic situation, the domestic market demand continued to shrink and slump, the deterioration of the supply and demand relationship between the main raw materials and timber, and the current situation of the domestic MDF industry being squeezed by the upstream and downstream, it is difficult to change in the short term.

Secondly, due to the widespread and continuous rainfall in the whole country, which has affected the normal development of the logging business of the company, and is affected by the different degree of deforestation policies in Guangdong Province, the sales of forest trees have been greatly reduced compared with the same period last year.

Songshan also said that the steel market remained in a slump due to the economic situation at home and abroad, and there was no sign of fundamental improvement since the three quarter.

At the other end of the list, 52 of the companies that have increased by more than 100% have increased.

From the industry analysis, the modest textile and garment industry will achieve substantial growth in the three quarter, of which 16 companies have been growing for two consecutive quarters.

Cinda Australian silver Qian Xiang said that under the background of the upgrading of consumption, the current textile and apparel stocks have released the risk brought by the decline in performance. Based on the expectation of stable performance, the quality companies can give due attention, especially the low and medium enterprises, which may usher in the peak season in the three or four quarter.

The largest increase in clothing industry was *ST Far East, with a net profit growth of 189.47% in the three quarter.

In addition, in the three quarter, there were more than 50% of the net profit margins predicted by the company in the 90% quarter, including 8.10,0.04,0.50% (90%), search at (22.98, -0.67, -2.83%) (70%), card NDI Road (37.50, -0.50, -1.32%) (60%), seven wolves (21.67, -0.42, -1.90%) (50%), long position stock (30.40, -1.50, -4.70%) (50%) and Hongda high tech (50%).

Judging from the market performance, as of yesterday, the Shanghai Composite Index has fallen by 2.43% since August, while 10 of the 16 textile and apparel stocks that have already reported net profit growth and three quarter results have been rising, accounting for 62.5%.

Among them, the biggest increase was Jin Feida (8.13, -0.02, -0.25%), reaching 15.93%, and the 100 round pants industry (10.08, -0.19, -1.85%) also rose 13.11%.

A share earnings growth declines

CICC's latest point of view is that although the three quarter earnings report is relatively good, the proportion of Companies in the comparative report has increased, but the main performance is a slight increase in the number of households. The number of prepaid growth that best reflects the growth of the company is not only the lowest level in the same period in the past 8 years, but also lower than the level reported in this year's report.

To a certain extent, this shows that in the context of insufficient fiscal policy and monetary policy, the continued decline in profits of listed companies is still continuing.

Cinda Australian silver Qian Xiang also said that the core premise for stabilizing the market in the future is the recovery of the fundamentals of the enterprise.

From the current situation, investment and exports of fixed assets are still weak in the short term, and it is difficult for cyclical companies to improve at the end of the year.

Defensive consumer sectors may continue to be stars of the year. "In the first half of the year, the peak season of consumption will increase to a higher level in the second half of the year."

But he reminded me, too.

It is necessary to carefully check and be alert to the difference between good and bad. Some companies have changed their faces in the newspapers and quarterly reports. They should be eliminated urgently.