Major Events In Textile And Garment Industry

A week's main review: 1, industry tracking: (1) last week Textile and clothing A number of companies announced the 2012 annual report and performance Bulletin: as we pointed out in the forecast of the annual report, the 2012 annual report of textile and clothing is generally lower than expected. Net profit of Smith Barney clothing, Meng Jie home textiles, Jia Linjie and so on all appear to be 30% and above, and the decline in the four quarter is particularly obvious. At present, the retail terminal has not yet improved significantly, and we remain neutral to the industry as a whole. The textile and Garment Group has invited Mr. Wang Qian, the chief editor of the first textile network, to make a speech on the current industry and export situation: the textile and garment industry faces severe challenges, but the worst is over, and the future export will enter the era of "high cost and low growth".

2. Company tracking: 1. Cotton in stock Gradually digesting and recommending attention. It is estimated that the output will increase by about 15% in the 12 years. If the cotton price is stable, it is expected that the annual income growth interval will be 10-20% in the 13 year. With the digestion of high stock cotton, the gross profit will be gradually improved in the future. YOUNGOR research: it is expected that the textile and garment sector will achieve a steady growth of 15%-20% in 2013. When the real estate enters the peak year of settlement, it is estimated that the profit of 13 years will be around 1 billion, and the equity investment business will be gradually reduced and transformed into industrial investment. 3. Zhejiang home textile market research: local brands are relatively strong in the locality. We believe that the future development potential of the home textile market is still very large. With the promotion of urbanization and the awakening of residents' consumption consciousness, there is still much room for the extension and refinement management of listed companies such as Luo Lai and fuanna. (4) the annual report of the United States of America clothing: 12 annual income decreased by 4.4%, net profit decreased 29.6%, EPS was 0.85 yuan, inventory and cash flow improved significantly, the fourth quarter joining the business is lower than expected, resulting in a sharp decline in profits.

Luo Lai home textile performance express: 12 annual revenue growth of 14.7%, net profit growth of 1.5%, EPS was 2.70 yuan, the fourth quarter performance growth rate improved significantly. 6. Long term performance report: 12 annual revenue growth of 33.6%, net profit growth of 10.6%, EPS 1.15 yuan. Higher cost in the four quarter resulted in a 62.6% drop in net profit for the single quarter. Newsletter performance Bulletin: 12 annual revenue growth of 11.4%, net profit growth of 30.7%, EPS 0.81 yuan, income tax back to the four seasons Tara company net profit is higher than the operating profit.

Fu Fu Anna performance Bulletin: 12 annual revenue growth of 22.2%, net profit growth of 26.1%, EPS 1.62 yuan. Mengjie's home textile performance Bulletin: 12 year income fell 3.6%, net profit fell 47.9%, EPS was 0.39 yuan. In the 12 year income growth of 46.6%, net profit grew 57.6%, EPS was 0.95 yuan. Semir clothing performance Bulletin: 12 years revenue fell 9.3%, net profit fell 38.2%, EPS was 1.13 yuan.

Last week, the textile and garment sector was weaker than the market. Textile and clothing Index rose 1.10%, relative to Shen Wan A index fell 1.89%. Among them, the textile manufacturing index rose 2.24%, relative to Shen Wan A index fell 0.75%; clothing home textile index fell 0.06%, relative to Shen Wan A index fell 2.93%.

Industry basic data: 1. In February, the manufacturing industry PMI was 50.1, the textile industry PMI was 40.4, and the clothing industry PMI was 44.7. Last week, the price of cotton and chemical fiber mixed with each other: domestic 328 spot spot last week reported at 19326 yuan / ton, and Zheng Mian's main contract reported 19840 yuan / ton. Polyester staple fiber dropped slightly at 11500 yuan / ton, viscose staple fell 0.7% to 15000 yuan / ton, polyester chip fell 3.4% to 10750 yuan / ton.