Data Report Of Textile And Clothing Industry In October 2012

Focus in this issue

Industry data

50 key large-scale retail enterprises in October clothing Retail sales increased by 10.91% year on year: according to the statistics of China National Business Information Center, the retail sales of 50 key large retail enterprises in October 2012 increased by 9.54% year on year, 4.79 percentage points higher than that of last month; Compared with the same period last year, the growth rate of retail sales dropped by 3.23 percentage points, the smallest decline in recent months. The growth rate in October rebounded, on the one hand, due to the low base in the same period last year; In addition, towards the end of the year, retail enterprises have increased discount and promotion efforts, which has driven sales growth to a certain extent. Among them, the retail sales of clothing increased by 10.91% year on year, 5.14 percentage points higher than that of the previous month. It is worth noting that the retail sales of clothing in October grew rapidly, with a growth rate of 10.39%, the second highest growth rate since this year, and the gap with the retail sales of clothing growth rate was only 0.52 percentage points, which to a large extent indicates that the seasonal sales promotion and de stocking promotion of clothing are strong; The growth rate of gold, silver and jewelry sales picked up, with retail sales up 6.12% year on year, 3.78 percentage points higher than that of last month.

Clothing of enterprises above designated size in October shoes Cap, needle spin The retail sales of goods increased by 18.7% year on year: according to the data of the National Bureau of Statistics, the total retail sales of social consumer goods in October 2012 was 1893.4 billion yuan, a nominal increase of 14.5% year on year (13.5% real growth after deducting price factors). Among them, the retail sales of consumer goods of enterprises (units) above designated size were 902.3 billion yuan, up 14.8%; From January to October, the total retail sales of consumer goods reached 16835.6 billion yuan, a nominal increase of 14.1% year on year (an actual increase of 11.8% after deducting price factors). On a month on month basis, the total retail sales of consumer goods increased by 1.34% in October. In terms of retail of commodities of enterprises (units) above designated size, clothing Shoes and Hats For knitwear and textiles, the total retail sales in October was 90.6 billion yuan, up 18.7% year on year; From January to October, the retail sales totaled 757.3 billion yuan, up 17.9% year on year.

The clothing price in October rose 2.7% year on year: according to the data of the National Bureau of Statistics, in October 2012, the general level of the national consumer price rose 1.7% year on year. Among them, the clothing price rose 2.7% year on year, the clothing price rose 3.0%, and the footwear price rose 1.7%. In October, the overall level of consumer prices nationwide fell 0.1% month on month. Among them, clothing prices rose 0.9% month on month, clothing prices rose 1%, and footwear prices rose 0.6%.

The export volume of textiles and clothing in October increased by 15.8% year on year: the statistics of the General Administration of Customs showed that the export volume of textiles and clothing in October 2012 increased by 8% and 20.5% year on year respectively; On a month on month basis, exports of textiles and clothing fell 5.77% and 11.35% on a month on month basis; From January to October, the export volume of clothing and textiles increased 2.6% and 1% year on year respectively.

Business survey

Keqiao Textile Prosperity Index rose 0.14 points: 20121112 price index closed at 105.65 points, up 0.14 points compared with the previous period; Compared with 106.76 at the beginning of the year, it dropped 1.11 points. Displayed in the current period from the first level classification varieties: except Clothes & Accessories The price index of accessories fell by 0.27 points, while that of raw materials, grey cloth, clothing fabrics and home textiles rose by 0.01, 0.53, 0.13 and 0.1 points.

Shengze Silk Prosperity Index rose 0.05 points: the price index of 20121104 closed at 102.19 points, a slight increase of 0.05 points compared with the previous period; 0.88 points higher than the price of 101.31 at the beginning of the year

Price of raw materials

The internal and external cotton prices rose and fell one by one: the 328 price index of China Cotton in 20121109 closed at 18754 yuan/ton, with the weekly average price of 18741 yuan/ton, slightly higher than the previous week's average price of 18712.2 yuan/ton; The CootlookA index closed at 79.4 cents/pound, with a weekly average price of 80.05 cents/pound, down 1.23% from the previous week's average price of 81.05 cents/pound.

The price of chemical fiber continued to fall back: except that the price of polyester filament DTY and acrylic staple fiber was flat the previous week, and the price of viscose staple fiber rose by 100 yuan/ton last week, the prices of polyester filament FDY, polyester filament POY, polyester staple fiber, viscose filament, filament conventional spinning, filament grade bright, filament grade semi bright continued to show varying degrees of callback, with the callback range between 25 yuan/ton and 200 yuan/ton, Among them, the price of conventional filament spinning and viscose filament fell by 200 yuan/ton and 200 yuan/ton respectively.

　 Market performance

Return to the adjustment trend: Last week, the textile and clothing index (SW) closed at 1452.52 points, up or down by - 4.11%. In the same period, the CSI 300 index rose or fell by - 2.85% in the week; The Shanghai A-share index rose or fell by -2.27% in the week.

The clothing and home textile sector experienced a full correction: the weekly rise and fall of the textile manufacturing index (SW) and the clothing and home textile index (SW) were -2.63% and -5.43% respectively last week. From the perspective of each segment, the clothing and home textile sector fell across the board. The weekly rise and fall (weighted average of the total market value) of men's clothing, women's clothing, casual clothing, shoes and hats, and home textile sectors were -5.35%, -8.45%, 6.23%, 6.21%, and 5.21%, respectively, reflecting the market's expression of the dilemma of inventory digestion of the clothing and home textile sector, the decline of orders, and the pessimistic prospect of terminal consumption. The performance of individual textile stocks was very strong: from the performance of individual stocks, (1) 10 textile manufacturing stocks recorded positive earnings, ST stocks generally rose, Huasheng shares rose continuously, performance declined significantly, and the enthusiasm for capital growth was weakened; ST Maia went up and down for two consecutive days because its major shareholder Landin Group wanted to secure a fixed increase of 2 billion yuan; At the top of the decline list, Taiya shares fell by 10.27% weekly due to the expectation of a deep decline in the annual performance. Huafang Textile, Yike Technology and Shenzhen Textile also experienced a deep correction with the decline of early concept stocks, with weekly declines of 9.8%, 9.7% and 8.1% respectively. (2) In the clothing and home textile sector, none of the stocks recorded positive returns last week. The smaller decline was in Meierya and Burson, with 0.54% and 1.59% respectively; Jiangsu Sanyou, Baoxiniao and Souyute ranked the top three in terms of decline, with declines of more than 10%.

Valuation level

The valuation level has moved down significantly: as of November 9, 2012, the TTM (overall method, excluding negative values) of the textile and clothing (SW) sector was 17.6 times, including 20.3 times for textile manufacturing and 16.5 times for clothing and home textile. The valuation level has moved down significantly from the previous week; However, compared with the historical level (the average value is 27.3 times and 30.7 times respectively, and the median value is 23.8 times and 29.8 times respectively), the current valuation is still relatively low.

The valuation premium rate narrowed again: as of November 9, 2012, the valuation premium rate of the textile and clothing (SW) sector was 53.04%, and that of the textile manufacturing sub sector was 76.87% Home textiles The premium rate of sub sectors was 43.65%, which was slightly smaller than that of the previous week.