Taking Measures To Increase Inventory Prices And Increase Collective Turnover

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< p > recently, the overall increase of textile < a href= "http://sjfzxm.com/news/index_f.asp" > clothing > /a > plate was 2.47%, slightly higher than that of Shanghai Composite Index, or 2.26%, lower than that of Shenzhen stock index, or 3.3%.

Among them, Fujian Southern spinning rose 7.83%.

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< p > recently, the total number of garment plates has risen to 4.31%, winning the market.

However, the situation has changed in the last ten days, and the collective turnover has fallen.

Analysts believe that the apparel industry has not released important industry data, the main driving force of this round is the plate rotation effect.

Recently, the performance of Listed Companies in garment industry is not satisfactory, which will drag down the performance of the plate.

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< p > recently, the Chinese clothing (000902, stock bar) (000902) released the results quickly reported that the company's net loss in 2012 was 44 million 174 thousand and 800 yuan, which was surplus to deficit in the same period.

During the period, the company achieved operating income of 1 billion 565 million yuan, a year-on-year decrease of 11.82%, a loss of 0.17 yuan per share, and a 0.01 yuan earnings per share during the same period last year.

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< p > the company said that the demand for domestic and foreign markets was sluggish in 2012, resulting in reduced orders, declining revenues, reduced gross margins, rising domestic raw material and labor costs and exchange rate changes, and so on.

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< p > recently, the US annual a href= "http://www.91se91.com/" > dress > /a > (002269, stock bar) released the 2012 annual report, showing that the company achieved operating income of 9 billion 509 million yuan last year, down 4.37% compared to the same period last year, and realized net profit of 849 million yuan, down 29.55% compared with the same period last year, and the growth rate of business growth slowed down.

The company's inventory and cash flow situation has improved, but profits fell sharply in the fourth quarter of last year, due to less than expected franchise business.

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< p > the situation of Semir clothing (002563, stock bar) of another clothing listed company is also not optimistic.

Recently, < a href= "http://cailiao.sjfzxm.com/matertial/show/default.aspx > > Semir apparel > /a > published 2012 results express shows that the company achieved revenue of 7 billion 37 million yuan last year, down 9.33% compared to the same period last year, operating profit of 971 million yuan, down 39.97% compared with the same period last year; net profit attributable to shareholders of listed companies was 756 million yuan, down 38.24% compared to the same period last year.

The decline in performance is mainly due to the decline in terminal demand and the increase in the provision for inventory depreciation.

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< p > for Semir costumes, whether the 2013 performance can be improved depends on the degree of inventory digestion.

Dongguan securities industry analyst Huang Fan said, overall, 2012 inventory digestion is not expected to be good.

Going stock is still the focus of 2013.

And the digestion of inventory will suppress the increase of gross margin, while the cost of sales and management will be greatly increased, which will pressure the net interest rate of the company.

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< p > "at present, from the basic situation of the industry, there is no obvious improvement in the overall terminal sales, but the base in the first quarter of last year is relatively low, and it is expected that the first quarter of this year will not grow too fast."

Cheng Yuan, an industry analyst at Huatai Securities (601688, stock bar), said: "judging from the situation of orders in spring and summer of some companies in 2013, the terminal franchisees are still cautious, and the order is generally lower than that of the same period last year.

It is not expected that the upcoming autumn order will be very optimistic.

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< p > Cheng Yuan believes that the turning point of the substantial improvement of the consumption environment is still to be confirmed. The key to the recognition is the situation of the winter sales and the progress of the inventory in the peak season.

Therefore, from the investment point of view, it is expected that the garment sector will gain positive returns in the coming month, but it is difficult to win the market. If the overall market rebound continues, the latter will still be optimistic about some stocks with low valuation and good performance expectations.

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