Investment Advice And Risk Warning For Textile And Garment Industry

In order to facilitate you to understand (textile and clothing, apparel industry related information and company dynamics), the world here

Xiao Bian of the network introduces the weekly report of Huarong securities textile and garment industry.

Last week (2015.6.29~2015.7.5) textile and clothing (CITIC) plate fell by -22.94%, respectively, running the Shanghai and Shenzhen 300 (-10.38%) and Shanghai Composite Index (-12.07%).

Ranked twenty-eighth in 29 CITIC level industries.

Industry related information.

According to the statistics of the National Bureau of statistics, the total profit of Industrial Enterprises above Designated Size reached 2 trillion and 254 billion 760 million yuan in 1-5 months, down 0.8% from the same period last year, and the decline narrowed by 0.5 percentage points over the first four months.

Among them, in May, the total profits of Industrial Enterprises above Designated Size reached 520 billion 710 million yuan, up 0.6% over the same period last year, and the growth rate slowed down 2 percentage points compared with last month.

The total profit of textile industry increased by 6.3% in the 1-5 months, and the total profit in garment industry (textile and clothing, apparel industry) in 1-5 months increased by 7.9% compared to the same period last year.

Industry and company dynamics.

Card slave Road: controlling subsidiaries invest abroad, and set up Guangzhou modern fashion Agel Ecommerce Ltd.

Mei Bang clothing: the total amount of the public offering of this non-public offering is not more than 9 billion yuan.

Newfield

Recently, the company received a special fund of 2351000 yuan for foreign trade and economic development in 2014, which was appropriated by Xinye finance and state treasury payment center.

Jiaxin silk: plans for non-public offering of shares continue to be suspended.

Meng Jie home textile: signed a joint venture to set up the framework agreement of Meng Jie home textile Internet supply chain finance company.

Investment advice.

In terms of domestic demand, the number of retail sales of major retail enterprises in the country improved slightly in May compared with the same period last year.

In terms of external demand, the latest textile and clothing export data released in 1-5 month decreased compared with the same period last year, mainly due to the sharp decline in export data in March.

In June, the market fluctuation increased. Last week, the textile and garment sector also experienced a sharp decline. We believe that from the beginning of the year to the present, the valuation of the first half of this year has been substantially improved, and the second half of this year should be based on a sound investment style and a stable performance support.

In July, we continue to suggest that we should pay close attention to the leading industries and cross border pformation enterprises with sound performance and low valuation.

Risk warning.

The main risk factor is domestic demand.

The slow recovery and the continuous increase of human cost impact the competitiveness of enterprises in the international market.